Wednesday 22 Mar, 2023 11:08 AM
Site map | Locate Us | Login
   L&T rises after construction arm bags 'significant' orders    Patel Engineering gains on bagging micro irrigation project worth Rs 551 cr    BSE SME Sudarshan Pharma slips on debut    Cholamandalam Investment appoints Ajay Bhatia as chief risk officer     Auto shares edge higher    Capital Goods stocks rise    Industrials shares gain    Varun Beverages Ltd Slides 0.9%    H.G. Infra rises on emerging as L-1 bidder for railway project in Kanpur    ASM Technologies Ltd Surges 2.55%, S&P BSE IT Sector index Gains 1.05%    Tata Power arm receives LoA for 200 MW solar project from MSEDCL     Tata Motors gains on plan to hike CV prices by upto 5%    Hindustan Zinc declares fourth interim dividend of Rs 26 per share    Lupin gets USFDA nod for schizophrenia drug     Kirlosker Ferrous completes installation of HPML at Solapur plant  
Saravan Stocks
Hot Pursuit
Scrips, which has significant changes during the market hours.
Westlife Foodworld ends sharply higher after Q3 PAT rises 75% YoY
31-Jan-23   16:03 Hrs IST

Total Revenues rose by 28.2% YoY to Rs 611.46 crore during the quarter.

Westlife's gross margin at 66.9% improved by 52 bps YoY and 141 bps sequentially, led by pricing flow through.

Restaurant operating margin (ROM) in the third quarter was Rs 145.70 crore, up by 35.4% from Rs 107.59 crore in the same period last year.

Operating EBITDA improved by 32.2% to Rs 110.29 crore in Q3 FY23 from Rs 83.45 crore in Q3 FY22. Operating EBITDA margin was 18% in Q3 FY23 as against 17.5% in Q3 FY22.

Profit before tax in Q3 FY23 stood at Rs 48 crore, up by 72% from Rs 27.86 crore in Q3 FY22.

Westlife's Average Sales per Store in trailing 12 months stood at Rs 64.7 million as against Rs 47.7 million last year. The company reported 20% YoY Same Store Sales Growth (SSSG) on the back of a significant increase in dine-in guest counts.

The company saw broad-based growth across channels with menu innovations playing a key role in this growth. With the highest-ever sales in October and December, Westlife exceeded Rs 2 billion average monthly sales.

The company's off-premise business continued to clock double-digit growth while maintaining its streak of steady growth in the on-premise business. Its on-premise business witnessed 42% YoY growth and a 23% growth over pre-Covid base, while the off-premise business grew by 12% YoY and 85% over pre-Covid base.

Westlife opened six new restaurants in the third quarter of FY23. The company expects to add 35-40 new restaurants in FY23 and 580-630 new restaurants by 2027.

As of December 2022, Westlife had 341 restaurants in 52 cities, including 67 Drive-Thrus, 288 McCafés, and 205 Experience of the Future (EOTF) restaurants.

Amit Jatia, vice-chairman of Westlife Foodworld, said, “We are pleased to witness yet another robust quarter on the back of significant menu innovations and superior execution.

We have stepped up our investments in modernizing our stores to EOTF formats which are more relevant for today's digital-savvy customers. Our digital channels thereby continued to show strong growth, demonstrating healthy customer adoption.

Going forward, we believe that menu innovations, omnichannel presence, and cost leadership will continue to be the key growth drivers for us as we work towards redefining the QSR industry.”

Westlife Foodworld focuses on setting up and operating quick service restaurants (QSR) in India through its subsidiary Hardcastle Restaurants (HRPL). The company operates a chain of McDonald's restaurants in West and South India, having a master franchisee relationship with McDonald's Corporation USA, through the latter's Indian subsidiary. Westlife now has a total of 337 restaurants across 52 cities as of June 2022 with 68 drive-thrus, 274 McCafés, and 138 experience of the future (EOTF) restaurants.

Powered by Capital Market - Live News

   Attention Investors : Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day........issued in the interest of investors.
   Attention Investors : Prevent unauthorised transactions in your account Update your mobile numbers/email IDs with your stock brokers / Depository Participant. Receive information of your transactions directly from Exchange / Depositories on your mobile / email at the end of the day .... Issued in the interest of Investors.
   Attention Investors : KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
   Attention Investors : No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Email ID:       Customers grievances :     Compliance officer : Mr.R Udayakumar ,,  Mobile No: 7305522205
Hit Count : 25338617
SEBI Regn.Nos : NSE/BSE-INZ000192638 | CDSL : IN-DP-262-2016
Member IDs : NSE : 11221 | BSE : 6292 | CDSL : 12045000 | MCX : 56990 | AMFI Regn.No : 2662
Designed , Developed & Content provided by CMOTS INFOTECH.(ISO 9001:2015 certified) © Copyright 2011 All Rights Reserved. SSPL WEALTH Pvt. Ltd