Westlife Development

According to analysts, Westlife will continue outperforming peers, with strengthening of the meal platform, snacking leadership and improved touch-points via omni-channel investments

Westlife was previously only permitted to trade, but it is now listed on both the NSE and the BSE

Despite weak macros, Westlife Foodworld is targeting 40-45 store additions (vs. 35 in FY23) and has guided for a strong 8 per cent SSG in FY24.

Westlife Development Ltd on Tuesday reported a 30.3 per cent increase in consolidated net profit to Rs 20.30 crore for the fourth quarter ended March 2023. The company had posted a net profit of Rs 15.58 crore in the January-March quarter a year ago, Westlife Development Ltd said in a BSE filing. Its subsidiary Hardcastle Restaurants is the Master Franchisee of McDonald's restaurants in West and South India. The company's sales were up 22.5 per cent at Rs 543.80 crore during the period under review against Rs 443.90 crore in the corresponding quarter last fiscal. Westlife Development's total operating costs and expenses rose 18.79 per cent to Rs 419.92 crore in Q4 FY23. In the March quarter, total revenues of the company surged 22.25 per cent to 556.37 crore. According to the company, it has "reported an all-time high Q4 sales" with a strong double-digit SSSG (same-store sales growth) of 14 per cent year-on-year. "This was driven by double-digit growth in dine-in customers, enab

The company is looking for an almost three-fold jump in sales, between Rs 4,000 crore and Rs 4,500 crore, in the next five years by 2027

Sales uptick in dine-in and delivery channels, new products and gradual royalty hikes are positives

Analysts believe that the Indian retail sector is on the 'cusp of accelerated earnings growth' as consumer sentiment, and discretionary purchases bounce back from Covid-19 pandemic

This new restaurant, operated by Westlife Development, McDonald's India's franchise partner, is located in the vicinity of the Statue of Unity

Value players, or those catering to price sensitive customers, may see growth and profitability concerns, they said

In a Q&A, the chief of McDonald's master franchisee, talks about his company's strategy to expand its presence in more towns as it increases its store count

Westlife Development Ltd reported a multifold jump in its consolidated net profit to Rs 20.82 crore for the third quarter ended December 2021.

Westlife Development Ltd owns Hardcastle Restaurants, the master franchisee of McDonald's restaurants for West and South India

QSR to expand its ever-hungry 'foodprint' by doubling outlets, increasing average unit volume by 40% in 5 years

Motilal Oswal Financial Services (MOFSL) expects Burger King India to rise as much as 117 per cent in the next three years

Strong growth in convenience format, margin improvement would support financials

Amit Jatia, vice-chairman, Westlife Development, talks about the road ahead for the company

Strong growth in convenience format, margin improvement would support financials

This was helped by higher income

Westlife Development operates McDonald's restaurants in southern and western region in India

Amid second wave of Covid-19 in India, analysts believe investors will be better off if they avoid QSR, multiplex, or travel-related stocks till the situation improves