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Jubilant FoodWorks CEO Ajay Kaul Resigns

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Jubilant FoodWorks CEO Ajay Kaul Resigns

Jubilant FoodWorks said it has initiated the process of identifying Ajay Kaul's successor.


New Delhi: Jubilant FoodWorks on Monday said its CEO and whole-time director Ajay Kaul will resign to pursue opportunities outside the company.

"Ajay Kaul, Chief Executive Officer and Whole-Time Director, has decided to step down... to evaluate and pursue opportunities outside the the Jubilant Bhartia Group. Ajay Kaul will continue in his current role till March 31," Jubilant FoodWorks said in a filing to the BSE.

Jubilant FoodWorks, which operates Domino's Pizza and Dunkin' Donuts outlets in India, said it has initiated the process of identifying his successor.

Earlier this month, Jubilant FoodWorks reported a 31.09 per cent fall in standalone net profit at Rs 18.99 crore for the June quarter, as against a net profit of Rs 27.56 crore it had logged for the corresponding period of the previous fiscal year.

Total income from operations went up 6.69 per cent to Rs 608.91 crore during the quarter under review, as against Rs 570.68 crore in the year-ago period.


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