Westlife Foodworld Limited, through its subsidiary, Hardcastle Restaurants Private Limited, is focused on setting up and operating quick service restaurants (QSR) in India. The Company is a McDonald's franchisee with rights to own and operate McDonald's restaurants in India's west and south markets. Westlife Development Limited (WDL) focuses on establishing and operating McDonald's restaurants across West and South India, through its wholly owned subsidiary Hardcastle Restaurants Pvt Ltd (HRPL).
The company has established itself as a dominant player in India's quick service restaurant sector. Westlife continued to expand its presence with 18 new restaurants in the quarter, bringing the total restaurant count to 438 across 69 cities as of March 31, 2025. It has approximately 361 McDonald's restaurants across 56 cities in the states of Telangana, Gujarat, Karnataka, Maharashtra, Tamil Nadu, Kerala, Chhattisgarh, Andhra Pradesh, Goa and parts of Madhya Pradesh and Union Territory of Puducherry.
The Company's products include burgers; chicken; desserts; shakes, smoothies and coolers; coffee; wraps; sides, and breakfast. Its brand extension business includes McCafe, McDelivery, McBreakfast and Dessert Kiosks. McCafe is McDonald's in-house coffee chain offering over 45 hot and cold beverages.
The company has significantly invested in digital transformation and customer experience enhancement. Its customers can use the McDelivery app for online ordering, self-ordering kiosks at restaurants, on-the-go, 3POs, digital menu boards and table services. Digital sales accounted for nearly 75% of total sales, driven by self-ordering kiosks and mobile apps.
Westlife Food · Mkt Cap: 11,795 Crore (down -11.4% in 1 year) · Revenue: 2,491 Cr · Profit: 12.2 Cr · Stock is trading at 19.5 times its book value · Company has low interest coverage ratio. Promoter Holding: 56.3% The company is listed on both NSE and BSE and is Part of BSE 500 Nifty 500 BSE SmallCap BSE Allcap BSE Consumer Discretionary BSE 250 SmallCap Index BSE 400 MidSmallCap Index Nifty MidSmallcap 400 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25 Nifty Total Market Nifty India Tourism Nifty India New Age Consumption Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted
Westlife Foodworld Limited which operates McDonald's restaurants in West and South India, announced its financial results for the fourth quarter ended March 31, 2025. Westlife Foodworld delivered a resilient performance in Q4 FY25 with revenue growth of 7.3% YoY, reaching Rs. 6.03 billion.
Key Q4 FY25 performance metrics include:
- The company achieved a Same Store Sales Growth (SSSG) of 0.7%, underpinned by steady guest count. The adjusted SSSG, excluding the leap year impact, was 1.7%.
- Operating EBITDA increased by 3.2% YoY to Rs. 795 million, with margins at 13.2%.
- The fourth quarter saw Westlife Foodworld maintain a stable gross margin of approximately 70%.
- Cash Profit After Tax in Q4: INR469 million or 7.8% of sales.
For the complete financial year FY25, the company demonstrated strong growth momentum:
- Full-Year Sales: INR24.9 billion, growing by 16% on a three-year CAGR basis.
- EBITDA: INR3.3 billion, growing by 17% on a three-year CAGR basis.
- Cash Profit After Tax (PAT): INR1.9 billion, growing by 14% on a three-year CAGR basis.
- The company opened 47 new restaurants in FY25, aligning with their expansion guidance.
Amit Jatia, Chairperson, Westlife Foodworld, said, "In a quarter marked by evolving market dynamics, our continued growth demonstrates the strength of our long-term strategy. As we advance toward our Vision 2027, we remain focused on creating a seamless omni-channel ecosystem that connects with consumers across multiple touchpoints while maintaining operational excellence. The consistent expansion of our footprint, coupled with our growing digital capabilities, positions us well to capitalize on the significant headroom for growth in the QSR sector."
The company has demonstrated strong performance across multiple channels. On-premise sales grew by 8% YoY, while off-premise sales increased by 5% YoY, maintaining an off-premise sales contribution of 43%. The company's value platforms, McSaver Meals and McSavers+ Combos, played a key role in improving affordability metrics and guest count.
Westlife Foodworld Ltd achieved top ranking in India and fifth place globally in S&P Global's Corporate Sustainability Assessment. Our sustainability achievements further reinforce our commitment to responsible growth as we continue building a business that delivers value to all stakeholders in the decades to come.
Hardcastle Restaurants Pvt Ltd was established as a joint venture with McDonald's Corporation, USA in 1995. Mcdonald's Corporation exited the Joint Venture in 2011 after selling its 50% stake to HRPL. It is now the master franchisee of McDonald's under an agreement of 2010.
The company maintains a robust financial position with a comfortable net debt to equity ratio of 0.15 times. Westlife Foodworld Ltd, operator of McDonald's in South and West India, aims to expand its network to 580-630 restaurants by 2027, focusing on under-indexed cities like Hyderabad, Chennai, and Bangalore.
