India’s Jubilant Foodworks slumps to two year low as Q4 same store sales growth disappoints

A staff member packs a pizza at a Domino’s restaurant in Noida, India, July 4, 2023. REUTERS
April 7 (Reuters) – Shares of Domino’s India ​operator Jubilant Foodworks ‌fell 9% on Tuesday after ​posting weak ​same store sales growth.
The ⁠company on ​Monday posted ​0.2% same store sales growth for its ​Domino’s India ​stores in the fourth ‌quarter, ⁠down from 5% growth it had recorded ​last ​quarter.
Shares ⁠of the company fell ​as much ​as ⁠8.7% to 421 rupees, their ⁠lowest ​since ​march 2024.

Reporting by Komal ​Salecha in Bengaluru

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