Jubilant FoodWorks shares drop 7% as CEO steps down
Kaul will continue his role till March 2017.
As per the regulatory filing, the company's net profit fell 31% to Rs 19 crore in Q1FY17. Photo: Official website
The shares of Jubilant FoodWorks dropped 7% after the company accepted the resignation of Ajay Kaul, CEO and Wholetime director.
At 1012 hours the shares of the company were trading at Rs 937.75 per piece, down 6.71%, or Rs 67.50 on BSE.
TRENDING NOW
Kaul will continue his role till March 2017.
The company which owns the domestic frenchisee of Domino's Pizza and Dunkin' Donuts, in the last quarter ended on June 30, reported a decline of 3.2% in its same store sales, which is lowest in seven quarters. Last year in the June quarter, the company had posted 4.6% SSG.
As per the regulatory filing, the company's net profit fell 31% to Rs 19 crore in Q1FY17.
Written By: ZeeBiz WebTeam
Updated: Tue, Sep 20, 2016
10:31 am
10:31 am
Mumbai, ZeeBiz WebDesk
Manu Ahuja, CEO of Jubilant Agri and Consumer Products, passes away
Jubilant Foodworks plans to acquire additional 51.16% stake in DP Eurasia for up to Rs 670 crore
Jubilant FoodWorks plunges over 5% post weak Q2 show: Should investors buy, sell or hold the QSR stock?