Westlife Foodworld zooms on eyeing for three-fold jump in top line in next five years
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Westlife Foodworld is currently trading at Rs. 802.00, up by 62.90 points or 8.51% from its previous closing of Rs. 739.10 on the BSE.
The scrip opened at Rs. 751.95 and has touched a high and low of Rs. 808.65 and Rs. 745.60 respectively. So far 23975 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 815.25 on 06-Dec-2022 and a 52 week low of Rs. 402.05 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 815.25 and Rs. 714.30 respectively. The current market cap of the company is Rs. 12313.50 crore.
The promoters holding in the company stood at 56.32%, while Institutions and Non-Institutions held 33.94% and 9.75% respectively.
Westlife Foodworld, the master franchisee of McDonald's restaurants for West and South India, is looking for an almost three-fold jump in sales up to Rs 4,500 crore in the next five years by 2027, mainly on the back of network expansion, omnichannel approach.
As part of network expansion, the company will add around 300 McDonald's restaurants in the next five years, in which 60 per cent of the new stores are likely to be in the southern region and the rest in the western zone. The company has already commenced the work on the next 200 stores.
Westlife Development focuses on putting up and operating Quick Service Restaurants (QSR) in India through its subsidiary HRPL. The Company operates a chain of crestaurants in west and south India, having a master franchisee relationship with McDonald's Corporation USA, through the latter's Indian subsidiary.
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