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Q3 uptick key to reversal of Jubilant’s fortunes
Some brokerages have downgraded its ratings, and this was accompanied by earnings revision by as much as 18 per cent. Given the multiple concerns, the stock of the pizza market leader in the organised quick service restaurant segment slipped 4.3 per cent to Rs 505.9. The company reported a 4.5 per cent growth in revenues over the year ago quarter and the growth was led by opening of new stores even as like-for-like growth remained weak falling 1.3 per cent.