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Hot Pursuit
20-Nov-23
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Jubilant FoodWorks slides as CFO Ashish Goenka resigns
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Jubilant FoodWorks declined 1.20% to Rs 521.85 after Ashish Goenka tendered his resignation from the position of chief financial officer (CFO) and key managerial personnel (KMP) of the company to take up an external opportunity.
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Goenka will be relieved from his responsibilities with effect from closure of business hours on 15 December 2023.
Jubilant FoodWorks (JFL) is India's largest foodservice company and is part of the Jubilant Bhartia group. Incorporated in 1995, JFL holds the exclusive master franchise rights from Domino's Pizza Inc. to develop and operate the Domino's Pizza brand in India, Sri Lanka, Bangladesh, and Nepal. In India, JFL has a strong and extensive network of 1,888 Domino's stores across 397 cities.
The company’s consolidated net profit declined 39.46% to Rs 72.15 crore despite of 4.51% increase in net sales to Rs 1,344.83 crore in Q2 FY24 over Q2 FY23.
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