Jubilant's promoter Weston Investment reduces its stake by 2.44%

Jubilant FoodWorks promoter group entity Weston Investment Ltd has reduced its stake in the company by 2.44 per cent by selling 15.97 lakh shares in the open market, as per a PTI report.

Weston along with other entities had 51.34 per cent stake earlier, which now stands at 48.90 per cent after the transaction, Jubilant said in a filing to the BSE.

Jubilant FoodWorks, which runs QSR brands like Domino’s Pizza and Dunkin’ Donuts in Indian market, ended at Rs 1400.55 a piece, up 0.81 per cent from their previous close on the BSE.

Jubilant’s promoter sold these shares on multiple dates till December 4, 2014, it added.

Meanwhile, the company had reported 12.75 per cent decline in standalone net profit at Rs 29 crore for the second quarter ended September 30, 2014 as against net profit of Rs 33.24 crore in the same period last year.

Its net sales during the second quarter of 2014-15 were at Rs 501.07 crore, up 14.76 per cent, against Rs 436.6 crore in the year-ago period.