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Jubilant Foodworks slips after suspending dine-in facility

Capital Market 

The company said it will have an adverse impact on revenue

Jubilant Foodworks in a regulatory filing after market hours yesterday announced that it has suspended dine-in facility across all Domino's Pizza restaurants. The company said this is in view of the emergent situation due to coronavirus (COVID-19).

This crucial step will help to support several initiatives taken by the Central and State Government authorities to control potential transmission of COVID-19 and to maintain social distancing.

The company further said that it will mitigate the impact and promote the takeaway and delivery channels but in spite of this there will be an adverse impact on the revenue of the company.

Shares of Jubilant Foodworks were trading 3.33% lower at Rs 1245.45 on BSE.

Jubilant FoodWorks is part of Jubilant Bhartia group and is one of India's largest food service Company, with a network of 1,325 Domino's Pizza restaurants across 282 cities (as of 31 December 2019). The company has the exclusive rights to develop and operate Domino's Pizza brand in India, Sri Lanka, Bangladesh and Nepal.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, March 24 2020. 09:24 IST