WESTLIFE FOODWORLD LIMITED — Updates, 29-01-2025: Press Release

Westlife Foodworld has reported Q3 FY25 sales reaching ₹654 crores, up 9% YoY, driven by enhancing footfalls and stable average checks. The Same-store Sales Growth (SSSG) improved to 2.8% from -6.5% in Q2 FY25, reflecting a solid recovery. Digital channels accounted for over 70% of total sales, spurred by Self-Ordering Kiosks and a growing My M Rewards user base. With the introduction of value-oriented options like the Everyday McSaver Meals and McSaver Combos, alongside successful campaigns like the #ShordaarCrunch for McCrispy burgers, the company aims to bolster brand engagement.

Expansion efforts saw 15 new restaurants, increasing total locations to 421 across 67 cities, with plans for 45-50 new openings annually. Despite external pressures on input costs, gross margins improved to 70.1%. While Restaurant Operating Margins fell by 200 basis points YoY, the company targets a recovery in profitability with improved volumes, aiming for an Operating EBITDA margin of 18-20% by 2027. Overall, the company exhibits a positive outlook for future growth driven by strategic initiatives and operational efficiency.