The stock was down 10% to Rs 1,070, its lowest level since March 21, 2018, on the BSE in intra-day trade.
Heavy competition from online food channels to weigh on margins
Experts say a coffee chain would help sharpen the brand's focus in the country, filling a crucial gap in Jubilant FoodWorks's portfolio
Higher share of the digital channel also helped in a sharp 489 basis points (bps) expansion to 16.6 per cent in operating profit margin
Tribunal says Jubilant Foods will have to pay 10% tax on royalty instead of the earlier demand of 40%
In past one month, Jubilant FoodWorks has outperformed the market by gaining 12% as compared to 2% rise in the S&P BSE Sensex.
After a muted 0.6 per cent average SSS growth over FY14-17, things have improved since the beginning of FY18
It's total income for the fiscal year ended March 2018 was at Rs 3,003.16 crore as against Rs 2,560.55 crore in the preceding year
The stock hit new high of Rs 2,668, up 2% on the BSE, bouncing back 5% from its intra-day low after the company reported more than 10-fold jump in net profit at Rs 681 million in Q4FY18.
In past three weeks, Jubilant FoodWorks has outperformed the market by surging 17% after the company formed a joint venture with Golden Harvest QSR Ltd to launch Domino's Pizza in Bangladesh.
The strong performance in Q3 and cost efficiencies have led to revision of operating profit estimates and target prices
Jubilant also added two Domino's outlets during the period, taking the total count to 1,127
The stock was trading 5.06 per cent up at Rs 2,039.75 on BSE
The stock surged 6% to Rs 2,053 after the company reported a strong Same Store Growth of 17.8% for Domino's in December quarter.
Company more selective in opening outlets and sweating existing ones to boost same-store sales growth
Shares of JFL were trading at Rs 1,640 per scrip, up 2.28 per cent on BSE
The stock hit its highest level since December 2015 at Rs 1,552, up 5% in intra-day trade, extending its Thursday's 5% gain on the BSE
In Q&A, Pratik Pota says firm has shifted from deep discounts to offering assured value, low prices
The company launched 3 new products at Domino's to build excitement among consumers
Same-store sales at 6.5% in Q1 is the best in the past 9 quarters