The country's largest listed quick-service restaurant operator, Jubilant FoodWorks, saw its share price end sharply lower as the Street is worried that high inflation will eat into its margins.
The stock was down 7.55 per cent in trade on Wednesday and ended at 2566.45 per share.
The management also called out the high inflation impact on its gross margins at a conference call with analysts, post results. "We've continued to face high inflation. This has significantly impacted our gross margin, which came in at 76.2 per cent. It was lower by 200 basis points year-on-year (YoY) and 50 basis points quarter-onquarter (QoQ)," Ashish Goenka, chief financial officer (CFO) told analysts.
Diese Geschichte stammt aus der November 10, 2022-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der November 10, 2022-Ausgabe von Business Standard.
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