After a tepid Q2, Westlife Foodworld set to see revival in third quarter sales

By Online Desk After several months of repressed demand, Westlife Foodworld, the operator of McDonald’s restaurants in West and South India, is expected to see a revival and improvement in its sales during the third quarter of FY 2024.  The fast food operator was hit by a slowdown in sales due to high inflation in the June quarter. However, it is on a path of sustained growth with the success of its new strategy of value meal, sustained traction in the chicken business in the South and the ability to provide an all-day menu across breakfast, snacks and meals, said analysts from Prabhudas Lilladher.  The broker also cut the company’s estimates for the current and next financial year by 8% and lowered the stock to ‘hold’ rating from ‘accumulate’. Despite this, the broking firm increased the target price to Rs 958 from Rs 932.  The broker also added that Westlife Foodworld is looking at the makeover of McCafe with more food options and accelerated innovations to drive sales in the ongoing quarter. This strategy will focus on its core segments of burgers, chicken and coffee, and this is expected to provide sustained traction in the festival season. In June this
Read More