Jubilant Foodworks shares plunge 5% after Q4 results. Should you buy, sell or hold?

May 18, 2023

Jubilant Foodworks shares recovered after plunging over 5% in Thursday’s opening trade. The company reported a lackluster Q4FY23 earnings on Wednesday. The quick service restaurant chain operator reported a 59% year-on-year decline in its standalone net profit at Rs 47.5 crore for the quarter ended March. It was Rs 116 crore in the same quarter last year. The company, which owns the master franchise of Domino’s Pizza in India and a few other countries, posted

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