Jubilant FoodWorks witnessed a sharp decline in its share price, falling over 5% on Thursday, October 26. This came in response to the company’s recent release of its earnings report for the September quarter.
Opening at ₹511, compared to the previous close of ₹528.40, the stock soon saw a decline, reaching ₹499.55. As of 3:15 pm, it was trading at ₹505.50 on the BSE, marking a 4.46% decrease.
Jubilant FoodWorks has had a challenging year, with a drop of over 15% in the past 12 months, while the benchmark Sensex registered a 6% increase during the same period.
In the Q2FY24 results, released after market hours on October 25, Jubilant FoodWorks, the owner of Domino’s Pizza franchises, Dunkin’ restaurants, and Popeyes restaurants in India, reported a year-on-year fall of 39.5% in standalone profit after tax (PAT), amounting to ₹72.
