Westlife Development Ltd

Westlife Development net profit grows 30.3% to Rs 20.3 cr in March quarter

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

Multiple triggers to help Westlife Development maintain outperformance

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

Westlife Development posts net profit of Rs 20.82 crore in Dec quarter

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: Patient investors may consider for growth post FY22

Strong growth in convenience format, margin improvement would support financials

Westlife to continue expansion, open 25-30 new McDonald's stores in 2021-22

Westlife Development Ltd, which owns Hardcastle Restaurants, expects its business to return to pre-Covid-19 level from the next quarter

Higher gross margins, cost control initiatives aid Westlife's profitability

Despite a high base of last year, the company was able to post a same-store sales growth of 9.2%. The metric a year ago was 14.7%

Not interested in taking up McD's franchises in other countries: Amit Jatia

'We have delivered positive same-store sales growth for the past eight quarters', he added

Westlife posts Rs 3 crore net loss in Q1

Westlife's same store sales grew by 3.4 per cent on a negative 5.3 per cent in same quarter last year

Westlife Development Q1 loss narrows to Rs 2.9 cr

Company had reported a net loss of Rs 4.8 crore in the corresponding quarter of the last financial year