 "jubilant")
Weak like-for-like (LFL) growth in the July-September quarter of 2023-24 (Q2FY24), near term demand worries and higher costs led to cuts in profit estimates for FY24 and FY25 of Jubilant FoodWorks.
Some brokerages have downgraded its ratings, and this was accompanied by earnings revision by as much as 18 per cent.
Given the multiple concerns, the stock of the pizza market leader in the organised quick service restaurant segment slipped 4.3 per cent to Rs 505.9 in trade on Thursday.
The company reported a 4.5 per cent growth in revenues over the year ago quarter and the growth was led
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