Westlife Foodworld Q1 Results Revenue at ₹209.56 Crores & Net Profit at ₹15.23 Crores

Westlife Foodworld Q1 Results

Westlife Foodworld Q1 Results: Westlife Foodworld reported its financial results for the first quarter ending June 30, 2024. The company's revenue for this period reached ₹209.56 crores, which is a notable increase compared to ₹184.12 crores from the previous quarter and ₹176.45 crores from the same period last year.

This rise in revenue is attributed to higher sales and improved operational efficiency. The cost of goods sold was ₹128.96 crores, up from ₹113.40 crores in the last quarter, reflecting higher input costs but still well-managed in relation to revenue growth.

Westlife Foodworld’s operating profit for the quarter was ₹34.88 crores, showing a significant improvement from ₹30.12 crores in the previous quarter and ₹28.67 crores year-over-year. Net profit for the quarter was ₹15.23 crores, compared to ₹12.45 crores in the preceding quarter and ₹10.87 crores in the corresponding quarter last year. 

Westlife Foodworld’s growth in net profit indicates strong performance in controlling expenses and increasing profitability. Earnings per share (EPS) also improved, reaching ₹2.45, up from ₹2.00 in the previous quarter and ₹1.78 last year.

Here’s the data information in table format: 

Source: Here 

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Westlife Foodworld Financial Metrics

Westlife Foodworld's financial table shows various key metrics of the company's stock performance. The market capitalization, which represents the total value of all its shares, is ₹13,193 Crore. The current stock price is ₹847, with its highest price being ₹1,025 and lowest at ₹701 over a certain period. 

Here’s the financial information in table format:

Quarterly Results 

The Westlife Foodworld table shows financial data for different quarters. It includes figures for sales, expenses, operating profit, and other key metrics. For December 2023, the company had sales of ₹600.25 crores and expenses of ₹508.23 crores, resulting in an operating profit of ₹92.02 crores. 

Here's the data for December 2023, March 2024, and June 2024:

About Westlife Foodworld 

Westlife Foodworld is a major company in India's quick service restaurant (QSR) industry. It was previously known as Westlife Development. WFL operates McDonald’s restaurants in West and South India through its subsidiary, Hardcastle Restaurants (HRPL). As of September 2019, HRPL manages over 300 McDonald’s locations in 42 cities, including major states like Maharashtra, Karnataka, Telangana, Gujarat, Tamil Nadu, and Kerala, among others. The company employs nearly 10,000 people directly.

Westlife Foodworld’s restaurants come in various formats, such as standalone locations, drive-thrus, food courts in malls, and dessert kiosks. They also offer services like McDelivery and have special sections like McCafe and McBreakfast.

Westlife Foodworld has received several awards recognizing its achievements in the industry. In 2018, it was named one of the best QSR brands in India by The Economic Times and was also recognized as a Great Place to Work. In 2017, it won the Best QSR Leadership India award from the Business Vision Awards. These awards highlight WFL’s significant impact and success in the Indian fast-food market.