Westlife Foodworld (505533) investor relations material

Executive summary

• Achieved third consecutive quarter of positive same store sales growth at 0.5% YoY, despite a soft business environment and discretionary spending pressure.

• Revenue grew 6.7% YoY to INR 6,576 million, with on-premise sales up 8% and off-premise at 41% of total.

• Store network expanded to 444 restaurants across 71 cities, with 9 new openings in the quarter.

• Digital sales contributed 75% of total, with strong engagement and 44 million app downloads life-to-date.

• Interim dividend of ₹0.75 per equity share declared, reflecting commitment to shareholder value.

Financial highlights

• Consolidated revenues reached ₹6,600 million, up 7% YoY, with gross margin at a record 71.6% (up 160 bps sequentially).

• Operating EBITDA stood at ₹855 million, 7% higher YoY, with margin stable at 13.0%.

• Cash profit after tax was ₹474 million (7.2% of sales), up 2.3% YoY.

• Restaurant operating margin increased to 19.9% from 19.1% YoY.

• Comparable store average unit volume declined 3.0% YoY to INR 62.2 million (TTM).

Outlook and guidance

• Vision 2027 targets reaffirmed, aiming for 580–630 restaurants and 18–20% Op. EBITDA margin by 2027.

• Optimism for progressive momentum improvement, with focus on holistic value and customer-centric strategies.

• Management expects gross margin and EBITDA margin to be sustainable or improve, barring unforeseen macro shocks.

• Anticipates gradual pickup in eating out, supported by lower inflation and government stimulus.