Jubilant FoodWorks slumps 15%, hits 52-week low as CEO Pratik Pota resigns

In the past three months, the stock has underperformed the market falling 35 per cent as against a 4.4 per cent decline on the S&P BSE Sensex.

Shares of Jubilant FoodWorks plunged 15 per cent to hit a 52-week low of Rs 2,445.35 on the BSE in Monday’s intra-day trade after Pratik Rashmikant Pota stepped down as the Chief Executive Officer (CEO) and Wholetime Director of the company with effect from June 16, 2022.

Jubilant FoodWorks said in an exchange filing that the management accepted the resignation of Pratik Pota in its board meeting held on Friday, March 11, 2022. Pota will continue in his current role till Wednesday, June 15, 2022.

Pota joined the Board of Directors of Jubilant FoodWorks as chief executive officer