Jubilant Foodworks shares down nearly 6% as Q1 net drops

Shares of Jubilant Foodworks Ltd today fell by nearly 6 per cent after the company reported 18.47 per cent decline in standalone net profit for the first quarter ended June 30.
Jubilant Foodworks' scrip settled 4.02 per cent lower at Rs 1,186.20 on the BSE. During the day, it tumbled 5.28 per cent to Rs 1,170.60.
At the NSE, the stock lost 5.65 per cent to Rs 1,169.
Led by the dip in the stock, the company's market value dropped by Rs 319.37 crore to Rs 7,767.63 crore.
Jubilant Foodworks Ltd that runs food chains, including Domino's Pizza and Dunkin' Donuts in India, today reported 18.47 per cent decline in standalone net profit at Rs 27.72 crore for the first quarter ended June 30, hurt by higher expenses.

The company had posted net profit of Rs 34 crore in the same period of 2013-14 fiscal, Jubilant Foodworks said in a filing to the BSE.
Net sales during Q1, 2014-15 were at Rs 476.73 crore as against Rs 396.42 crore in the year-ago period.
The company's total expenses in Q1 stood at Rs 440.17 crore as against Rs 347.72 crore in Q1, 2013-14.