Jubilant Food shares dive nearly 10%; mcap down by Rs 738 cr

Shares of Jubilant FoodWorks slumped nearly 10 per cent today after it reported 31.09 per cent fall in standalone net profit for the first quarter ended June 30.
The scrip tanked 9.51 per cent to settle at Rs 1,067.90 on BSE. During the day, it dived 10.26 per cent to Rs 1,059.
At NSE, shares of the company plunged 9.73 per cent to end at Rs 1,067.90.
Following the decline in the stock, the company's market valuation fell by Rs 738.29 crore to Rs 7,030.71 crore.
On the volume front, 2.86 lakh shares of the company were traded on BSE and more than 33 lakh shares changed hands on NSE during the day.

Stock markets were closed yesterday for 'Ganesh Chaturthi'.

Jubilant FoodWorks, which operates Domino's Pizza and Dunkin Donuts chains in India, on Saturday reported 31.09 per cent fall in standalone net profit at Rs 18.99 crore for the first quarter.
The company had posted a net profit of Rs 27.56 crore in the same period of previous fiscal.
However, 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, Jubilant FoodWorks (JFL) had said in a filing to the BSE.