Jubilant Food dips 13% in 2 days, hits lowest level since Dec'20 on weak Q3

The stock hit 52-week low today after the historic high inflation in cheese and flour prices significantly impacted gross margins, which came in at 75.5%, lower by 213 bps year-on-year

Shares of Jubilant FoodWorks hit 52-week low of Rs 425, slipping 7 per cent on the BSE in Thursday's intra-day trade. In the past two trading days, the stock has slipped 13 per cent after the restaurant company, which operates fast-food chains Domino's Pizza and Dunkin' Donuts, reported weak operational performance for the quarter ended December 2022 (Q3FY22). It was trading at its lowest level since December 2020.

Jubilant Foodworks reported sales growth of 10 per cent year-on-year (YoY) to Rs 1,332 crore with LFL (like-for-like) growth at 0.3 per cent YoY. LFL defined as year-over-year growth in sales for