A day after Jubilant FoodWorks (JFL) announced that Chief Executive Ajay Kaul would be leaving next year, the stock slumped 6 per cent. The operator of the country’s largest fast-food chain, Domino’s Pizza, recouped some of those losses since that Tuesday plunge but investors have been wary for a while now…READ MORE
KEEP READINGAs per a report by Business Standard, Jubilant FoodWorks’ stock crashed 10 per cent on Tuesday on the BSE as investors reacted sharply to the food service major’s poor same-store sales growth (SSG) numbers for the three months ended June 2016. Jubilant had declared its June quarter earnings last week, reporting a 3.2 per cent year-on-year decline in SSG, its lowest in seven quarters…READ MORE
KEEP READINGNaveen Kulkarni of Phillip Capital, says lack of discretionary consumption pickup is affecting the restaurant business…READ MORE
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