WESTLIFE - WESTLIFE FOODWORLD LIMITED Share Price

Leisure Services

₹726.80+5.25(+0.73%)

Market Open as of Apr 28, 2025, 13:30 IST

What does WESTLIFE FOODWORLD LIMITED do?

Restaurants•Consumer Services•Small Cap

Westlife Foodworld Limited, through its subsidiary, Hardcastle Restaurants Private Limited, owns and operates a chain of McDonald's restaurants in Western and Southern India. It operates through various formats and brand extensions, such as freestanding, food court, in-store, mall stores, McDelivery, McCafe, McBreakfast, and Dessert Kiosks. The company was formerly known as Westlife Development Limited and changed its name to Westlife Foodworld Limited in November 2022. The company was incorporated in 1982 and is based in Mumbai, India.

Industry Group:Leisure Services

Employees:10,314

Website:www.westlife.co.in

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Category	WESTLIFE	Leisure
PE	988.06	66.68
PS	4.56	5.60
Growth	2.7 %	12.7 %

Summary of Latest Earnings Report from WESTLIFE FOODWORLD

Summary of WESTLIFE FOODWORLD's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Feb 25

Management Outlook and Major Points:

Outlook:

Growth Momentum: Management noted a gradual recovery, with same-store sales (SSSG) turning positive (+3% YoY), driven by guest count improvement. They aim to sustain this through value initiatives (McSaver combos) and premium innovations (McCrispy).
Expansion Plans: Targeting 45"“50 new stores in FY25 (15 added in Q3; total 421 stores), focusing on long-term growth under "Vision 2027."
Macro Factors: Expect stability in retail inflation and potential government measures to boost disposable income to drive consumption recovery.

Key Highlights:

Value & Innovation Focus: Strengthened affordability perception through McSaver offerings, while premium launches (McCrispy, McCafÃ©) cater to diverse customer segments.
Omnichannel Strength: Digital sales (70% of revenue) and loyalty programs (3M+ monthly active users) drive engagement. Off-premise (delivery, drive-thru) contributes 42% of sales.
Margins & Costs: Gross margin improved to 70.1% (up 40 bps QoQ) despite commodity inflation. Near-term focus on cost governance and breakeven optimization.
Operational Resilience: Sequential margin recovery expected as unit volumes improve. A&P spends increased for product launches.
Challenges: Dine-in demand remains subdued; SSSG recovery hinges on broader consumption trends.

Strategic Pillars: Accelerating value, menu innovation, and cost discipline remain priorities to drive profitable growth. Management remains confident in market leadership and long-term targets (Rs 40"“45B sales by FY28).

Q&A Session

Last updated: Feb 25

Question 1:
"There are a few important changes that have happened in our business over the last couple of years. One such change is the digital-led sales, which is now about 70% for us versus 50% earlier. These changes are currently being underappreciated due to the weak demand environment. What positive impact will these changes have on top-line and margins once demand normalizes?"
Answer:
Digital initiatives enhance customer loyalty, predictability, and cross-selling opportunities. While margins may benefit indirectly through throughput gains, the focus remains on improving customer experience and transaction frequency. Long-term advantages include personalized engagement and stable growth.

Question 2:
"We are sticking to our five-year vision of delivering Rs.40"“45 billion in sales by FY28. Given recent challenges, is the lower end of the guidance now more likely?"
Answer:
The company remains committed to its FY28 target range. While acknowledging demand volatility, historical resilience (e.g., during COVID) and improved SSSG momentum reinforce confidence. Growth drivers include value initiatives, menu innovation, and cost governance.

Question 3:
"With FY25 EBITDA margins around 13.5%, what one-off investments in FY25 may not repeat in FY26?"
Answer:
No direct confirmation of one-offs, but EBITDA improvement is expected through sequential cost governance, product mix optimization, and pricing strategies. Margins will benefit from reduced operating deleverage and disciplined spending.

Question 4:
"To achieve Vision 2027's AUV target, high single-digit SSSG is needed. How will this be achieved?"
Answer:
SSSG growth will focus on transaction-led momentum via value offerings, stable average checks, and new stores maturing. Historical strategies (e.g., Happy Price Menu) suggest gradual but sustainable growth through customer acquisition.

Question 5:
"Royalty as a % of sales appears low. Is this temporary?"
Answer:
Royalty aligns with annual reconciliations and incentives from McDonald's Corporation. The Q3 figure reflects adjustments but normalizes yearly, with no material long-term deviation.

Question 6:
"How has geopolitical volatility impacted demand, and is competitive intensity rising?"
Answer:
Geopolitical factors are now part of the "new baseline," with no direct ongoing impact. Competitive intensity remains stable, with value-centric strategies ensuring differentiation.

Question 7:
"What is the chicken venture's progress, and how does value-driven SSSG compare to peers?"
Answer:
Chicken products are available in 160 stores, with stable ADS. Growth potential lies in menu innovation (McCrispy). SSSG recovery (3% YoY) reflects guest-count-led traction from value initiatives, mirroring peers' success.

Question 8:
"How do premium product launches align with value-led SSSG growth?"
Answer:
Value spans all price tiers, including premium innovations (McCafe, McCrispy). Entry-level pricing drives footfall, while upselling sustains average checks. Margin stability is ensured through balanced pricing and mix.

Question 9:
"How will store expansion balance AUV pressures?"
Answer:
Expansion follows long-term site evaluations, with new stores expected to mature into profitability. The 45"“50 annual target remains unchanged, supported by resilient unit economics.

Question 10:
"What is McCafe's salience, and how will pricing evolve?"
Answer:
Coffee salience is growing but early-stage. Annual price hikes (2"“4%) will align with inflation, ensuring affordability while protecting margins.

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
JUBLFOOD	Jubilant FoodworksRestaurants	45.81 kCr	7.7 kCr	+5.06%	+58.15%	121.83	5.95	+42.77%	+70.64%
SAPPHIRE	Sapphire Foods IndiaRestaurants	10.41 kCr	2.84 kCr	+11.89%	+17.71%	622.68	3.67	+11.09%	-90.98%
SPECIALITY	Speciality RestaurantsRestaurants	683.4 Cr	449.41 Cr	+0.14%	-27.21%	29.42	1.52	+6.37%	-71.65%

Balance Sheet for WESTLIFE FOODWORLD

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	-1.1%	0.11	0.12	0.6	0.15	1.09	1.07
Other receivables	-15.3%	0.02	0.15	0.01	0	0	0.54
Loans	-18.3%	6.94	8.27	9.32	5.5	5.5	5.5
Investments	0.6%	493	490	483	482	482	481
Other financial assets	-	0	0	0.01	0	4.66	0.06
Total finanical assets	-	500	-	-	-	-	-
Current tax assets (Net)	0%	0.1	0.1	0	0	0	0
Total non-financial assets	-	0.18	-	-	-	-	-
Total assets	0.2%	500	499	493	488	493	489
Equity share capital	0%	31	31	31	31	31	31
Total equity	0.4%	500	498	492	486	486	488
Borrowings	-	0	0	0	2.01	0	0
Total financial liabilities	-	0.1	-	-	-	-	-
Current tax liabilities	-	0	0	0.77	0	0	0
Total non financial liabilities	-	0.01	-	-	-	-	-
Total liabilities	-	-	0.71	0.93	2.13	6.91	0.15
Total equity and liabilities	0.2%	500	499	493	488	493	489

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Sep-2022	Mar-2022
Cash and cash equivalents	30.8%	18	14	17	8.25	29	23
Trade receivables	12.5%	19	17	16	11	14	13
Loans	0%	0.57	0.57	0.62	8.12	6.79	6.69
Investments	8%	149	138	134	130	140	150
Other financial assets	-3.3%	60	62	54	51	65	48
Total finanical assets	-	246	-	-	-	-	-
Inventories	40.3%	88	63	76	71	74	56
Current tax assets (Net)	66.7%	26	16	14	14	14	14
Investment property	-	0	0	0	0	0	0
Property, plant and equipment	4.2%	802	770	698	659	521	502
Capital work-in-progress	6.8%	48	45	64	57	85	36
Goodwill	0%	47	47	47	47	47	47
Total non-financial assets	-	2,188	-	-	-	-	-
Total assets	6.5%	2,434	2,286	2,180	2,099	1,941	1,798
Equity share capital	0%	31	31	31	31	31	31
Total equity	1.2%	595	588	563	566	515	462
Borrowings	13%	270	239	231	207	197	201
Total financial liabilities	-	586	-	-	-	-	-
Provisions	23.5%	12	9.91	11	13	23	13
Total non financial liabilities	-	1,254	-	-	-	-	-
Total liabilities	-	-	1,698	1,617	1,533	1,426	1,335
Total equity and liabilities	6.5%	2,434	2,286	2,180	2,099	1,941	1,798

Cash Flow for WESTLIFE FOODWORLD

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	-9.5%	0.08	0.16	0
Adjustments for interest income	-	0.4	0	0
Net Cashflows From Operations	3697.6%	60	-0.64	-1.27
Income taxes paid (refund)	-	1.64	0	0
Net Cashflows From Operating Activities	3575.6%	58	-0.64	-1.27
Interest received	-	0.27	0	0
Other inflows/outflows of cash	-	-2.77	0	0
Net Cashflows From Investing Activities	-	-2.5	0	-1.5
Proceeds from issuing shares	-	0	0	2.47
Payments of other equity instruments	-38.9%	0	0.28	0
Dividends paid	-	54	0	0
Interest paid	-	0.23	0	0
Other inflows (outflows) of cash	-	-1.86	0	0
Net Cashflows From Financing Activities	-4343.8%	-55.88	-0.28	2.47
Net change in cash and cash eq.	46.4%	-0.03	-0.92	-0.29

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Finance costs	18.5%	110	93	83
Change in inventories	143.6%	8.19	-15.48	-9.86
Depreciation	19.9%	182	152	136
Net Cashflows From Operations	-3%	387	399	183
Interest received	3.1%	-6.73	-6.98	-5.48
Income taxes paid (refund)	-9.3%	40	44	6.61
Net Cashflows From Operating Activities	-2.6%	340	349	171
Proceeds from sales of PPE	148.8%	1.21	0.57	0
Purchase of property, plant and equipment	-19.7%	217	270	100
Proceeds from sales of intangible assets	-	0	0	0.16
Proceeds from sales of long-term assets	-51.5%	34	69	145
Purchase of other long-term assets	-101.4%	0	72	107
Interest received	-4.2%	6.73	6.98	5.48
Other inflows/outflows of cash	-	-9.71	0	0
Net Cashflows From Investing Activities	30.3%	-184.53	-265.32	-56.47
Proceeds from issuing shares	-	0	0	2.41
Payments of other equity instruments	-190.1%	0	2.11	0
Proceeds from borrowings	520%	32	6	-14.18
Payments of finance lease liabilities	23%	108	88	0
Payments of lease liabilities	-	0	0	77
Dividends paid	-	54	0	0
Interest paid	46.2%	20	14	13
Net Cashflows From Financing Activities	-51.6%	-149.16	-98.07	-101.85
Net change in cash and cash eq.	130.6%	5.86	-14.88	12

Investor Care
Dividend Yield	0.47%
Dividend/Share (TTM)	3.45
Shares Dilution (1Y)	0.00%
Diluted EPS (TTM)	0.73

Financial Health
Debt/Equity	0.00
Debt/Cashflow	0.00

Income Statement for WESTLIFE FOODWORLD

Consolidated figures (in Rs. Crores) / View Standalone Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Total income	4.8%	2,410	2,299	1,604	1,030	1,561	-
Revenue From Operations	5%	2,392	2,278	1,576	986	1,548	1,402
Revenue from sale of product	4.8%	2,368	2,259	1,556	975	0	-
Other revenue from operations	29.4%	23	18	20	10	1,547	-
Other income	-10.5%	18	20	28	44	13	16
Total Expenses	7.7%	2,314	2,149	1,606	1,163	1,553	1,378
Cost of Materials	3.6%	711	686	545	348	538	506
Employee Expense	5.8%	329	311	210	178	219	197
Finance costs	18.5%	110	93	83	85	81	18
Depreciation and Amortization	19.9%	182	152	136	140	138	-
Other expenses	8.3%	983	908	633	413	576	578
Profit Before exceptional items and Tax	-35.8%	96	149	-2.07	-132.92	7.86	-
Exceptional items before tax	-	0	0	0	4.19	-16.63	-
Total profit before tax	-35.8%	96	149	-2.07	-128.74	-8.77	39
Current tax	-15.2%	40	47	0	0.43	13	0.65
Deferred tax	-43.4%	-12.9	-8.69	-0.4	-29.74	-14.36	-1.69
Tax expense	-29.7%	27	38	-0.4	-29.31	-1.42	-1.04
Total profit (loss) for period	-38.7%	69	112	-1.67	-99.42	-7.35	-
Other comp. income net of taxes	11.8%	-0.72	-0.95	-1.72	0.21	-1	-
Total Comprehensive Income	-39.1%	68	111	-3.38	-99.22	-8.35	-
Reserve excluding revaluation reserves	-	-	-	-	-	546	-
Earnings Per Share, Basic	-44.2%	4.44	7.16	-0.11	-6.38	-0.54	2.59
Earnings Per Share, Diluted	-44.2%	4.44	7.16	-0.11	-6.38	-0.54	2.58

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Total income	5.3%	657	624	621	567	605	618
Revenue From Operations	5.8%	654	618	616	562	600	615
Revenue from sale of product	5.7%	650	615	614	553	592	611
Other revenue from operations	63.5%	3.24	2.37	2.45	9.32	7.55	3.7
Other income	-64.5%	2.94	6.47	5.11	5.18	4.7	3.3
Total Expenses	4.2%	650	624	617	566	582	588
Cost of Materials	4.8%	196	187	180	168	178	184
Employee Expense	5.6%	96	91	86	83	82	83
Finance costs	3.2%	33	32	30	28	28	27
Depreciation and Amortization	4.1%	52	50	49	50	46	44
Other expenses	3.8%	274	264	271	236	248	250
Profit Before exceptional items and Tax	1930%	6.49	0.7	4.52	1.95	23	30
Total profit before tax	1930%	6.49	0.7	4.52	1.95	23	30
Current tax	6918.2%	16	0.78	2.5	4.31	12	9.16
Deferred tax	-1113.3%	-16.35	-0.43	-1.24	-3.12	-6.28	-1.32
Tax expense	-133.8%	-0.52	0.35	1.26	1.19	5.85	7.84
Total profit (loss) for period	1039.1%	7.01	0.36	3.25	0.76	17	22
Other comp. income net of taxes	11.8%	-0.35	-0.53	-0.18	-0.42	-0.1	-0.44
Total Comprehensive Income	583.8%	6.66	-0.17	3.08	0.34	17	22
Earnings Per Share, Basic	43.9%	0.45	0.02	0.21	0.05	1.1	1.41
Earnings Per Share, Diluted	43.9%	0.45	0.02	0.21	0.05	1.1	1.41

Standalone figures (in Rs. Crores) / View Consolidated Data

AnnualQuarterly

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022	Mar-2021	Mar-2020	Mar-2019
Total income	16856.8%	63	0.63	0.45	0.43	0.49	-
Revenue From Operations	16856.8%	63	0.63	0.45	0.43	0.49	0
Total interest earned	-	0.4	0	0	0	0	-
Dividend income	-	62	0	0	0	0	-
Other income	-	0	0	0	0	0	0.76
Total Expenses	243.2%	2.27	1.37	0.87	0.83	0.8	0.77
Finance costs	-9.5%	0.08	0.16	0	0	0	0
Other expenses	495%	2.19	1.2	0.87	0.83	0.8	0.77
Profit Before exceptional items and Tax	3548.3%	61	-0.74	-0.42	-0.4	-0.31	-
Total profit before tax	3548.3%	61	-0.74	-0.42	-0.4	-0.31	-0.01
Current tax	-	1.54	0	0	0	0	0
Tax expense	-	1.54	0	0	0	0	0
Total profit (loss) for period	3433.3%	59	-0.74	-0.42	-0.4	-0.31	-
Total Comprehensive Income	3433.3%	59	-0.74	-0.42	-0.4	-0.31	-
Reserve excluding revaluation reserves	-	-	-	0	455	452	-
Earnings Per Share, Basic	365.7%	3.79	-0.05	-0.03	-0.03	-0.02	0
Earnings Per Share, Diluted	365.7%	3.79	-0.05	-0.03	-0.03	-0.02	0

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Total income	-5.8%	0.27	0.31	0.28	0.32	0.3	0.47
Revenue From Operations	-5.8%	0.27	0.31	0.28	0.32	0.3	0.47
Total interest earned	0%	0.03	0.03	0.05	0.06	0.08	0.26
Dividend income	-	0	0	0	0	0	0
Fees and commission income	-	0	0	0	0	0	0
Total Expenses	-20.4%	0.41	0.51	0.36	1	0.37	0.42
Finance costs	-	0	0	0	0	0	0.03
Other expenses	-20.4%	0.41	0.51	0.36	1	0.37	0.39
Profit Before exceptional items and Tax	5.8%	-0.14	-0.21	-0.07	-0.69	-0.08	0.04
Total profit before tax	5.8%	-0.14	-0.21	-0.07	-0.69	-0.08	0.04
Current tax	-	0	0	0	-0.08	0	0.05
Tax expense	-	0	0	0	-0.08	0	0.05
Total profit (loss) for period	5.8%	-0.14	-0.21	-0.07	-0.6	-0.08	-0.01
Total Comprehensive Income	5.8%	-0.14	-0.21	-0.07	-0.6	-0.08	-0.01
Earnings Per Share, Basic	0%	-0.01	-0.01	-05	-0.04	-05	-01
Earnings Per Share, Diluted	0%	-0.01	-0.01	-05	-0.04	-05	-01

Valuation
Market Cap	11.25 kCr
Price/Earnings (Trailing)	988.06
Price/Sales (Trailing)	4.56
EV/EBITDA	33.35
Price/Free Cashflow	92.15
MarketCap/EBT	823.49

Fundamentals
Revenue (TTM)	2.47 kCr
Rev. Growth (Yr)	8.55%
Rev. Growth (Qtr)	5.15%
Earnings (TTM)	11.39 Cr
Earnings Growth (Yr)	-59.34%
Earnings Growth (Qtr)	1.86%

Profitability
Operating Margin	0.55%
EBT Margin	0.55%
Return on Equity	1.91%
Return on Assets	0.47%
Free Cashflow Yield	1.09%

Share Holdings

Understand WESTLIFE FOODWORLD ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
Horizon Impex Private Limited	30.35%
Subh Ashish Exim Private Limited	21.43%
Sbi Equity Hybrid Fund	9.87%
Aksr Corporate Advisors Private Limited	5.53%
Franklin Templeton Investment Funds - Franklin India Fund	2.43%
Makino Holdings Limited	2%
Achal Jatia	1.91%
Icici Prudential Life Insurance Company Limited	1.81%
Canara Robeco Mutual Fund A/C Canara Robeco Small Cap Fund	1.26%
Hill Fort India Fund Lp	1.11%
Anurag Jatia	0.37%
Achal Exim Private Limited	0.1%
Winmore Leasing And Holdings Limited	0.03%
Amit Jatia	0.03%
ADMAS Industries Private Limited	0.03%
Acacia Impex Private Limited	0%
Akshay Ayush Impex Private Limited	0%
Vandeep Tradelinks Private Limited	0%
Shri Ambika Trading Company Private Limited	0%
Proteinaa Farms Private Limited	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

WESTLIFE - WESTLIFE FOODWORLD LIMITED Share Price

What does WESTLIFE FOODWORLD LIMITED do?

Sector Comparison: WESTLIFE vs Leisure Services

Comparative Metrics

Performance Comparison

Summary of Latest Earnings Report from WESTLIFE FOODWORLD

Is WESTLIFE FOODWORLD Better than it's peers?

Balance Sheet for WESTLIFE FOODWORLD

Cash Flow for WESTLIFE FOODWORLD

Investor Care

Financial Health

Income Statement for WESTLIFE FOODWORLD

Valuation

Fundamentals

Profitability

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution