|
|
|
You can get e-magazine links on WhatsApp. Click here
|
|
|
|
|
|
Westlife Foodworld reports strong performance in Q1FY24; cash PAT up 22% YoY
|
|
Tuesday, 01 August, 2023, 08 : 00 AM [IST]
|
|
Our Bureau, Mumbai
|
Westlife Foodworld Limited (WFL), formerly known as Westlife Development, and the owner-operator of McDonald's restaurants across West and South India, announces its financial results for the quarter concluding on June 30, 2023.
In the quarter under review, the company reported a sales growth of Rs 6.14 billion, marking a 14% YoY increase driven primarily by a 7% YoY Same Store Sales Growth (SSSG). The company reported a cash PAT of Rs 670 million, a 22% increase year on year. Backed by a robust increase in guest count, the on premise business saw an 18% YoY growth, while the off-premise business expanded by 9% YoY on a high base. Overall Digital sales saw significant growth accounting for 64% of total sales on the back of Self-Ordering-Kiosks at restaurants and McDonald’s Apps, thereby bringing a seamless digital experience come alive for the customers.
|
|
|
|
|
|
|
|
|
|