The company reported 31.08% fall in its June quarter net profit to Rs 19 crore
Subdued demand, high promotions to weigh on margin
Jubilant FoodWorks dipped 12%, while Westlife Development fell 10% on the BSE in intra-day trade.
Jubilant Consumer, promoter of Jubilant FoodWorks, sold 2.4 million shares at price of Rs 1,279.37 on NSE
About 2.39 million equity shares of Jubilant FoodWorks changed hands on the NSE.