Westlife Foodworld (505533) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 revenue was ₹74,672.50 lakh, up 16.3% YoY, with 10.1% SSSG and double-digit guest-count growth.

• Operating EBITDA grew 29.1% YoY to ₹980.5 mn, with margin expanding 130 bps to 13.1%; Cash PAT was ₹525.5 mn, or 7.0% of sales.

Financial highlights

• Q2 sales were ₹7,467.2 mn, up 16.3% YoY; H1 FY27 sales were ₹14,823.6 mn, up 14.1%.

• Q2 Op. EBITDA was ₹980.5 mn, up 29.1%; H1 Op. EBITDA was ₹1,925.9 mn, up 19.3%.

• Q2 reported PAT was a loss of ₹20.4 mn versus profit of ₹277.1 mn in Q2 FY26; H1 FY27 PAT was a loss of ₹14.5 mn.

• Q2 Cash PAT was ₹525.5 mn versus ₹807.3 mn; excluding exceptional income, prior-year Cash PAT was ₹421 mn, making Q2 FY27 Cash PAT 25% higher YoY.

• H1 consolidated pre-exceptional loss before tax narrowed to ₹190.73 lakh from ₹1,419.27 lakh; consolidated revenue was ₹148,236.35 lakh.

Outlook and guidance

• FY27 profitability improvement guidance is ~150 bps; medium-term guidance is 100–150 bps YoY, subject to no drastic cost or operating changes.

• Near-term gross margin is expected to remain above 67%, subject to continuing cost pressures.

• Annual pricing guidance is 2%–4%, typically ~3%, while maintaining value; no major price increase had been taken this year.

• FY27 plans call for 60+ new stores, with 60–65 annual openings and a target of 580+ restaurants by March 2028.

• October momentum and double-digit guest-count growth supported confidence entering the festive season.