Jubilant Foodworks falls 10% on weak same store sales

Shares in Jubilant Foodworks fell as much as 10 percent on Tuesday in their second day of fall after posting a lower-than-expected same store sales growth in the October-December quarter.

Jubilant, which operates the Domino's Pizza franchise in India, said on Monday its quarterly net profit rose by 28 percent to Rs 37.7 crore. The same store sales growth in the results were lower than expected, according to analysts.

Jubilant shares were down 8.8 percent at Rs 1,034.10 as of 2:14 p.m..

With inputs from Thomson Reuters