September 13, 2017 / 9:59 AM / 13 days ago

BUZZ-India's Jubilant Foodworks falls on report of customer video

** India’s Jubilant Foodworks Ltd, which operates, Domino’s Pizza franchise in India, slides as much as 7.3 pct

** The Indian Express newspaper reports a customer posted a video on Facebook on Sept 10 of insects crawling out of a Domino's Pizza seasoning packet bit.ly/2xYOsCD

** Jubilant says it maintains strictest hygiene & quality standards in all products & processes; reassures it has found oregano sachets safe for consumption - TV channel ET Now reports

** This incident could potentially be serious for Domino’s franchise in India - Deutsche Bank says in a note

** “While we do not know the veracity of the incident, in today’s social media-connected world, such issues can snowball fairly quickly unless contained/managed effectively,” Deutsche adds

** Jubilant stock top loser on Nifty FMCG index , which is down 1.1 pct

** Up to Tuesday’s close, stock Jubilant has risen 67 pct this year

** Jubilant Foodworks did not immediately respond to request for comment

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below