Net profit of Westlife Foodworld declined 98.39% to Rs 0.36 crore in the quarter ended September 2024 as against Rs 22.37 crore during the previous quarter ended September 2023. Sales rose 0.74% to Rs 615.36 crore in the quarter ended September 2024 as against Rs 610.82 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales615.36610.82 1 OPM %12.3516.08 - PBDT50.9274.14 -31 PBT0.7030.21 -98 NP0.3622.37 -98 Powered by Capital Market - Live

Westlife Foodworld will hold a meeting of the Board of Directors of the Company on 24 October 2024Powered by Capital Market - Live

Sterling & Wilson Renewable Energy Ltd, Shree Renuka Sugars Ltd, Praj Industries Ltd, Balrampur Chini Mills Ltd are among the other stocks to see a surge in volumes on NSE today, 27 September 2024.Westlife Foodworld Ltd registered volume of 39.46 lakh shares by 14:14 IST on NSE, a 40.38 fold spurt over two-week average daily volume of 97742 shares. The stock rose 6.66% to Rs.935.05. Volumes stood at 41596 shares in the last session.Sterling & Wilson Renewable Energy Ltd notched up volume of 265.17 lakh shares by 14:14 IST on NSE, a 19.73 fold spurt over two-week average daily volume of 13.44 lakh shares. The stock rose 1.69% to Rs.653.30. Volumes stood at 19.46 lakh shares in the last session.Shree Renuka Sugars Ltd notched up volume of 2041.34 lakh shares by 14:14 IST on NSE, a 15.17 fold spurt over two-week average daily volume of 134.60 lakh shares. The stock rose 10.12% to Rs.52.99. Volumes stood at 87.87 lakh shares in the last session.Praj Industries Ltd clocked volume of 118.52 lakh shares by 14:14 IST on NSE, a 15.07 times surge over two-week average daily volume of 7.87 lakh shares. The stock gained 5.20% to Rs.799.70. Volumes stood at 4.38 lakh shares in the last session.Balrampur Chini Mills Ltd notched up volume of 113.3 lakh shares by 14:14 IST on NSE, a 5.17 fold spurt over two-week average daily volume of 21.93 lakh shares. The stock rose 6.84% to Rs.654.65. Volumes stood at 19.3 lakh shares in the last session.Powered by Capital Market - Live

Westlife Foodworld announced that the 41th Annual General Meeting (AGM) of the company will be held on 11 September 2024.Powered by Capital Market - Live

Net profit of Westlife Foodworld declined 88.73% to Rs 3.25 crore in the quarter ended June 2024 as against Rs 28.83 crore during the previous quarter ended June 2023. Sales rose 0.24% to Rs 613.65 crore in the quarter ended June 2024 as against Rs 612.21 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales613.65612.21 0 OPM %12.8117.01 - PBDT53.9083.43 -35 PBT4.5240.58 -89 NP3.2528.83 -89 Powered by Capital Market - Live

Total revenue from operations rose marginally to Rs 616.33 crore in June 2024 quarter from Rs 614.54 crore posted in corresponding quarter last year. Profit before tax stood at Rs 4.52 crore in first quarter of FY25, down 88.86% from Rs 40.58 crore recorded in Q1 FY24. Operating EBITDA de-grew 24.06% year on year (YoY) to Rs 79.97 crore in June 2024 quarter. EBITDA margin stood at 16.5% in Q4 FY23 as against 16% in Q4 FY22. However, the company is focused on delivering an 18-20% operating EBITDA margin by December 2027. Restaurant operating margins and operating EBITDA margin were lower by 388 bps YoY and 416 bps YoY to 19.1% and 13% respectively, owing to operating deleverage and higher royalty costs. Same-store sales growth stood at negative 6.7% YoY, impacted by subdued in-store business, though the off-premise segment saw positive same-store sales. The off-premise business grew 6% YoY, contributing 42% to total sales. Digital sales grew 8% YoY, accounting for 69% of the business. Gross margins stood at 70.8%, improving by 62 bps sequentially and 21 bps YoY. This was driven by cost optimization and lower input costs, though the positive impact was partly offset by product mix changes. System-level pricing remained stable during the quarter. The company added 6 new locations in Q1 and is targeting 45-50 new stores in FY25, with a focus on South India, smaller towns, and drive-thru formats. As part of its Vision 2027 strategy, the company aims to grow its restaurant footprint to 580-630 locations. During the quarter, Westlife Foodworld launched a new entry-level Chicken Surprise burger and expanded its McCaf' offerings by rolling out new range of cakes and bakes. The company is aiming for a 15-18% contribution of McCaf' to its business by 2027. It also roped in celebrity Chef Sanjeev Kapoor for its Real Food Real Good Initiative, and embraced the anime-fandom among Gen Z with the launch of 'WcDonald's Amit Jatia, vice-chairman, Westlife Foodworld, said, 'While the quarter's results reflect the ongoing challenges in the operating environment, we remain focused on driving guest count and spearheading innovation to fuel our recovery. We are optimistic by the gradual improvement in the overall eatingout trend which bolsters our confidence in our ability to deliver sustained, profitable growth going forward.' Westlife Foodworld 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 Indian subsidiary. Powered by Capital Market - Live

Westlife Foodworld has appointed Rajendra Mariwala as an Additional Director (Non - Executive Independent Director) of the Company with effect from 25 July 2024. Powered by Capital Market - Live