WESTLIFE FOODWORLD LIMITED has informed the Exchange about Transcript
WESTLIFE · price
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Westlife Foodworld, which operates McDonald's restaurants in West and South India, reported Q1 FY26 consolidated revenue of Rs. 6.6 billion (up 7% year-on-year) with same-store sales growth of 0.5%, marking the third consecutive quarter of positive comparable sales. Gross margin hit a historic high of 71.6%, up 160 basis points sequentially, driven by structural supply chain efficiencies, while restaurant operating margin improved about 80 basis points. Operating EBITDA stood at Rs. 855 million (up 7% YoY) and cash profit after tax was Rs. 474 million (7.2% of sales). The company opened 9 new restaurants, taking the total network to 444 across 71 cities, and reiterated its Vision 2027 target of 580-630 restaurants and 18-20% EBITDA margins. The board approved an interim dividend of Rs. 0.75 per share. Management acknowledged that the South India region is lagging the West and has restructured regional leadership to address this, while also setting up a new 'Horizon 2' vertical for long-term growth projects beyond 2027.
The record gross margin and management's confidence that EBITDA margins have bottomed out are positive signals for the stock. However, the modest 0.5% same-store sales growth and weaker South India performance remain concerns, and the dividend of Rs. 0.75 per share provides only a small income cushion for shareholders.