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Jubilant Foodworks falls on weak same store sales

Source : REUTERS
Last Updated: Tue, Feb 05, 2013 04:42 hrs
An investor watches the share index at a local share and stock market in the northern Indian city of Chandigarh

Shares in Jubilant Foodworks Ltd fell as much as 8 percent on Tuesday and headed for its second day of falls after posting a lower-than-expected same store sales growth in the October-December quarter.

Jubilant, which operates the Domino's Pizza franchise in India, said on Monday its quarterly net profit rose by 28 percent to 377 million rupees. The same store sales growth in the results were lower than expected, according to analysts.

Jubilant shares were down 7 percent as of 9:54 a.m.




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