Westlife Foodworld trades higher on the BSE
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Westlife Foodworld is currently trading at Rs. 835.80, up by 7.60 points or 0.92% from its previous closing of Rs. 828.20 on the BSE.
The scrip opened at Rs. 832.05 and has touched a high and low of Rs. 844.00 and Rs. 829.10 respectively. So far 3997 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 851.35 on 01-Jun-2023 and a 52 week low of Rs. 435.80 on 22-Jun-2022.
Last one week high and low of the scrip stood at Rs. 851.35 and Rs. 761.50 respectively. The current market cap of the company is Rs. 13033.14 crore.
The promoters holding in the company stood at 56.22%, while Institutions and Non-Institutions held 33.75% and 10.02% respectively.
Westlife Foodworld is planning to install rooftop solar panels on one-third of its new restaurants in FY24. This move is part of the company’s goal to increase the use of renewable energy.
In the last two years, Westlife has reduced its carbon footprint by 16,308 tonne by saving 19.58 million units of electricity, akin to planting 749,086 trees. Westlife’s reduced reliance on non-renewable sources bodes well for its operational efficiencies by saving electricity and cutting down the release of hundreds of tonne of CO2, which further helps in lowering climate risk.
Westlife’s commitment to sustainability extends to measures that can help conserve resources. The company has eliminated single-use plastics from customer-facing packaging. It is also improving energy efficiency at its existing restaurants with the use of LED and OATS (order assembly table set).
Westlife Foodworld, formerly known as Westlife Development, 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 subsidiary.
