Jubilant FoodWorks share price nosedives as CEO resigns

Jubilant FoodWorks, the company that holds the franchise of Dominos in India is facing headwinds as the leader credited for the turnaround has delivered his resignation to the firm. 

Pratik Pota resigned as CEO & Wholetime Director as he looks to pursue an external opportunity, the company informed in a filing to stock exchanges. Pratik Pota joined Jubilant FoodWorks in 2017 and took over the reins from Ajay Kaul and took startegic decisions of scaling down Dunkin Donuts and focusing on core biz. 

Under Pota, Profit for Jubilant Foodworks rose by 5 times and stock also soared over 10 times as revenue saw a 55% jump.