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Reduce Westlife Foodworld Ltd For Target Rs. 875 By Emkay Global Financial Services Weak trends persist; hopes pinned on H2; retain REDUCE We retain REDUCE on WESTLIFE and Jun-25E TP of Rs875, due to a lackluster Q1 (9-10% EBITDA miss) and sequential SSG moderation (-6.7% vs. -5% in Q4). Despite a weak Q4 base, lower sequential pickup at 11% in Q1 (vs. 13- 14% historically) points to the demand environment remaining sluggish. With strengthening of its value platform (Rs69 combos), WESTLIFE remains hopeful of an SSG turnaround in H2 which though is already built-in, and a ...
Reduce Westlife Foodworld Ltd For Target Rs. 875 By Emkay Global Financial Services
Reduce Westlife Foodworld Ltd For Target Rs. 875 By Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-08-14 02:55:21 pm
Buy Westlife Foodworld Ltd For Target Rs.1,030 By Yes Securities Westlife Foodworld Ltd. (WFL) 1QFY25 topline was in-line with our expectation but there was a miss on Same-store sales growth (SSSG). SSS was down 6.7% YoY (vs est. of -4.5%), impacted by subdued in-store business, though the off-premise segment saw positive SSS. GM improved ~60bps sequentially despite pressure from value platform led by cost optimization and benign input costs but operating deleverage along with higher spend on campaigns impacted op. margins. EBITDA margin thus stood at 13% ...
Buy Westlife Foodworld Ltd For Target Rs.1,030 By Yes Securities
Buy Westlife Foodworld Ltd For Target Rs.1,030 By Yes Securities
Source: Yes Securities Ltd.
2024-08-05 11:24:11 am
Buy Westlife Foodworld Ltd. For Target Rs. 940 By JM Financial Services Operating deleverage drives earnings miss Westlife’s 4Q and FY24 earnings print was weak on account of sharp moderation in SSSGs vs a stellar FY23. Macro & high base apart, external issues (negative sentiment vs US brands, issue around cheese usage) impacted the SSSG delivery. While there is progressive improvement in situation, it is in a more gradual manner; hence the same store sales are likely to be soft in 1HFY25. On the positive side, store additions in the year were inline...
Buy Westlife Foodworld Ltd. For Target Rs. 940 By JM Financial Services
Buy Westlife Foodworld Ltd. For Target Rs. 940 By JM Financial Services
Source: JM Financial Services
2024-07-01 03:46:27 pm
REDUCE Westlife Foodworld Ltd. For Target Rs. 875 - Emkay Global Financial Services Lack of any near-term trigger drives rating downgrade to REDUCE We are downgrading WESTLIFE to REDUCE (from Buy), due to lack of near-term triggers and ~7% run-up over the last 1M. Q4 results were weak, with 5% SSG decline and 330bps fall in EBITDA margin. In our view, earnings de-growth is expected to continue in H1FY25 as mis-information around the brand still persists. Though we like Westlife’s aggression in store expansion (45-50 in FY25 vs. 40 in FY24), its digital traction, cos...
REDUCE Westlife Foodworld Ltd. For Target Rs. 875 - Emkay Global Financial Services
REDUCE Westlife Foodworld Ltd. For Target Rs. 875 - Emkay Global Financial Services
Source: Emkay Global Financial Services
2024-06-27 05:30:26 pm
Buy Westlife Foodworld Ltd. For Target Rs. 1,030 - Yes Securities We anticipate AUV & margins to rebound in FY25 Westlife Foodworld Ltd. (WFL) 4QFY24 topline was in-line with our expectation having known the ongoing demand environment and external issue impact. SSSG was down 5% versus our expectation of 6.5% decline. Gross margins remained stable despite pressure from value platform. There was a positive surprise on operating margins, due to cost efficiency measures. Company is confident of rebounding to earlier margin profile once volume recovers. I...
Buy Westlife Foodworld Ltd. For Target Rs. 1,030 - Yes Securities
Buy Westlife Foodworld Ltd. For Target Rs. 1,030 - Yes Securities
Source: Yes Securities Ltd.
2024-06-24 01:58:46 pm
Neutral Westlife Foodworld Ltd. For Target Rs. 775 - Motilal Oswal Financial Services Sluggish performance; not unwinding in near term * Westlife Foodworld (WLDL)’s sales grew 1% YoY to INR5.6b in 4QFY24. Its sales were hit by a 5% decline in same-store sales (est. -6%). Off-premise business grew 8% YoY, led by delivery and drive-thrus, while on-premise dropped 2% YoY. Demand challenges and fast store additions by the industry over the last three years continued to hurt the growth metrics. * WLDL added 17 new stores (+11% YoY) and entered two new cities in 4Q. Its ...
Neutral Westlife Foodworld Ltd. For Target Rs. 775 - Motilal Oswal Financial Services
Neutral Westlife Foodworld Ltd. For Target Rs. 775 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-06-21 03:50:25 pm
Reduce Westlife Foodworld Ltd. For Target Rs. 880 - Elara Capital Strong store addition offset by SSS decline Q4 revenue down 1.1% YoY; same store sales dip 5% YoY Westlife Foodworld (WLDL IN) reported Q4 sales of INR 5,623mn, down 6.3% QoQ/1.1% YoY, in-line with our estimates of INR 5,586mn. This was due to a decline of 5% YoY in same stores sales (SSS). The on-premises business decelerated 2.4% YoY, while off-premise grew 6% YoY. Delivery business contributed 43% to...
Reduce Westlife Foodworld Ltd. For Target Rs. 880 - Elara Capital
Reduce Westlife Foodworld Ltd. For Target Rs. 880 - Elara Capital
Source: Elara Capital
2024-06-04 12:18:15 pm
Reduce Westlife Foodworld Ltd for Target Rs. 880 - Elara Capital   Dine-in revenue plays spoilsport Lower footfalls drag dine in revenue Westlife Foodworld (WLDL IN) reported Q3 sales of INR 6,003mn, down 2.4% QoQ/1.8% YoY, in-line with our estimates of INR 6,033mn. This was due to a decline of 9% YoY in SSSG. The on-premises business fell 5.1% YoY, while off-premise grew 3.1% YoY (on a high base). Delivery business contributed 42% t...
Reduce Westlife Foodworld Ltd for Target Rs. 880 - Elara Capital
Reduce Westlife Foodworld Ltd for Target Rs. 880 - Elara Capital
Source: Elara Capital
2024-03-13 03:45:01 pm
Buy Westlife Foodworld Ltd For Target Rs 954 - Centrum Broking WLDL’s Q2FY24 print was below our estimates; revenue/EBITDA grew 7.4%/1.0%, yet PAT cut by 29.0% YoY. Management alluded, off high base (+48.5% growth) it was resilient performance amidst challenging environment. Despite continued weakness in eating-out trends WLDL saw 1% SSSG. Robust Omni-channel strategy aided by Shravan special menu and McSpicy fried chicken with Jr. NTR campaign saw 7% growth in On-premise and Offpremise channel. McDelivery app download stood at +28mn led to 14% ris...
Buy Westlife Foodworld Ltd For Target Rs 954 - Centrum Broking
Buy Westlife Foodworld Ltd For Target Rs 954 - Centrum Broking
Source: Centrum Broking Ltd
2023-10-28 11:57:09 am
Fast-food slowdown catches up with McDonald`s India franchisee Shares in India's Westlife Foodworld fell as much as 7.7% on Friday, a day after the McDonald's operator reported a surprise drop in quarterly profit and indicated high inflation was squeezing consumer spending in the current festive quarter. Prices of essentials in India have shot up in recent months, prompting companies like Coca-Cola to roll out smaller packs and restaurants to launch cheaper pizzas and burgers. "All around you are seeing pressure on macro spending,"...
Fast-food slowdown catches up with McDonald`s India franchisee
Fast-food slowdown catches up with McDonald`s India franchisee
Source: Reuters
2023-10-27 03:00:42 pm
McDonald`s India franchisee Westlife posts surprise profit drop on higher costs Westlife Foodworld, which operates McDonald's restaurants in west and south India, reported a surprise drop in quarterly earnings on Thursday as increased costs overshadowed higher sales of its burgers and fried chicken.The franchisee said consolidated net profit after tax fell to 223.7 million rupees ($2.7 million) in the July-September quarter from 315.4 million rupees a year earlier.Analysts were expecting a profit of 319.6 million rupees, according to LSEG data.Prices of several major com...
McDonald`s India franchisee Westlife posts surprise profit drop on higher costs
McDonald`s India franchisee Westlife posts surprise profit drop on higher costs
Source: Reuters
2023-10-26 05:52:14 pm
Buy Westlife Foodworld Ltd For Target Rs 1,060 - JM Financial Institutional Securities In our previous reports on QSR peers, we have highlighted that the near-term operating environment remains challenging, which is also visible from weakness in same store sales and ADS performance over the past few quarters. Westlife too has seen moderation in SSSG; however, it has been relatively more resilient (Exh:2) vs. the weakness seen in other QSR categories like Pizza & Chicken (KFC), primarily due to its strong execution around menuarchitecture, new revenue drivers, omni-channel c...
Buy Westlife Foodworld Ltd For Target Rs 1,060 - JM Financial Institutional Securities
Buy Westlife Foodworld Ltd For Target Rs 1,060 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2023-09-30 12:16:17 pm