WESTLIFE
Westlife Foodworld share price & financials
- Price
- ₹459.1
- Market cap
- ₹8.5k Cr
- Sector
- Consumer Services
- Calls analysed
- 6
Westlife Foodworld Limited Q1 FY27
What went well
- Consolidated revenue reached a record INR 7.36 billion, reflecting a 12% year-on-year growth.
- Achieved 4.3% same-store sales growth (SSSG), with positive growth across all three months of the quarter.
- Operating EBITDA increased by 11% year-on-year to INR 946 million.
What to watch
- Experienced over 200 basis points of inflation across various line items, particularly fuel, food, and packaging.
- Operating EBITDA margin saw a minor decline compared to last year despite strong topline growth, attributed to unbudgeted inflation.
What Westlife Foodworld Limited does
Westlife Foodworld operates McDonald's-branded quick-service restaurants across West and South India under a master franchise agreement with McDonald's Corporation USA, run through its subsidiary Hardcastle Restaurants Pvt. Ltd. It earns by selling food and beverages directly to consumers across dine-in, takeaway, drive-thru, delivery and on-the-go formats, with a menu spanning core McDonald's items, McCafé coffee/beverages and McBreakfast. The first restaurant opened in Bandra, Mumbai in 1996, and the network has since expanded into a large multi-city, omnichannel restaurant chain with its own delivery app and self-ordering kiosks.
Segments
- Quick-service restaurants (QSR)
- Restaurant network
- 478 restaurants
- Cities present
- 78 cities
- Territory under master franchise
- West and South India
- Drive-Thru restaurants
- 100 (FY25)
- Restaurants with McCafé format
- 418 (FY25)
- Experience-of-the-Future (EOTF) format restaurants
- 378 (FY25)
Guidance record · Q1 FY27
what the last two calls moved 19 tracked 3 delivered 6 missed 10 open- New Restaurant Openings delivered said Q3 FY26 Promised: around 20 to 25 restaurants this quarter [Q4 FY26] Q1 FY27: This short-term target for Q4 FY26 was successfully achieved.
- Gross Margin missed said Q1 FY26 Promised: 71.6% sustainable and potential to improve Q1 FY27: This promise remains missed. The company is now tracking against a new, lower gross margin target of 67%+, which is being monitored separately.
- Total Restaurants on track said Q1 FY26 Promised: 580 to 630 restaurants by 2027 Q1 FY27: Opened 5 new restaurants, bringing total to 482. Management reiterated the target: 'Our guidance of over 60 new restaurants in FY27 and 580 to 630 restaurants by December 2027 remains firmly on track.'
All 19 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 11.9%, net profit down 52.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 618 | 654 | 603 | 658 | 642 +4% | 671 +3% | 655 +9% | 736 +12% |
| EBITDA | 76 | 88 | 77 | 85 | 67 −12% | 98 +11% | 87 +13% | 93 +9% |
| Net profit | 0 | 7 | 2 | 1 | 28 +7597% | 1 −85% | 2 +57% | 1 −52% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −24.1% 1Y
1Y: ₹750.2 on 10 Sept 2025 → ₹569.6. High ₹755.65 (16 Sept 2025), low ₹416.85 (23 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −0.4%
- 30 Jul
- Q4 FY26
- +1.3%
- 7 May
- Q3 FY26
- −3.6%
- 9 Feb
- Q2 FY26
- −0.9%
- 3 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 4.9% a year over 3 years, FY23 to FY26. Operating margin narrowed to 12.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹2.3k Cr | ₹2.4k Cr | ₹2.5k Cr | ₹2.6k Cr |
| Operating profit | ₹374 Cr | ₹369 Cr | ₹320 Cr | ₹337 Cr |
| Operating margin | 16.4% | 15.4% | 12.8% | 12.8% |
| Interest | ₹93 Cr | ₹110 Cr | ₹127 Cr | ₹145 Cr |
| Depreciation | ₹153 Cr | ₹182 Cr | ₹204 Cr | ₹226 Cr |
| Net profit | ₹112 Cr | ₹69 Cr | ₹12 Cr | ₹32 Cr |
| Net margin | 4.9% | 2.9% | 0.5% | 1.2% |
| Cash from operations | ₹349 Cr | ₹340 Cr | ₹345 Cr | ₹352 Cr |
| Free cash flow | ₹79 Cr | ₹124 Cr | ₹127 Cr | ₹115 Cr |
| ROCE | 15.0% | 11.0% | 7.0% | 6.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹31 Cr | ₹31 Cr | ₹31 Cr | ₹31 Cr | ₹31 Cr | ₹31 Cr |
| Reserves | ₹450 Cr | ₹431 Cr | ₹535 Cr | ₹557 Cr | ₹592 Cr | ₹588 Cr |
| Borrowings | ₹968 Cr | ₹1.1k Cr | ₹1.2k Cr | ₹1.4k Cr | ₹1.7k Cr | ₹1.8k Cr |
| Other liabilities | ₹274 Cr | ₹281 Cr | ₹330 Cr | ₹335 Cr | ₹373 Cr | ₹406 Cr |
| Total liabilities | ₹1.7k Cr | ₹1.8k Cr | ₹2.1k Cr | ₹2.3k Cr | ₹2.7k Cr | ₹2.8k Cr |
| Fixed assets | ₹1.3k Cr | ₹1.4k Cr | ₹1.6k Cr | ₹1.8k Cr | ₹2.1k Cr | ₹2.3k Cr |
| Capital work in progress | ₹26 Cr | ₹36 Cr | ₹57 Cr | ₹45 Cr | ₹71 Cr | ₹69 Cr |
| Investments | ₹198 Cr | ₹150 Cr | ₹130 Cr | ₹138 Cr | ₹141 Cr | ₹120 Cr |
| Other assets | ₹215 Cr | ₹249 Cr | ₹289 Cr | ₹286 Cr | ₹359 Cr | ₹390 Cr |
| Total assets | ₹1.7k Cr | ₹1.8k Cr | ₹2.1k Cr | ₹2.3k Cr | ₹2.7k Cr | ₹2.8k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −4.30 pp while DIIs added +4.28 pp. The shareholder count grew 3% to 32,056.
- Promoters
- 56.4%
- FIIs
- 6.9%
- DIIs
- 28.3%
- Public
- 7.8%
- Others
- 0.5%
Since Jun 2025
- FIIs −4.30 pp
- DIIs +4.28 pp
- Public −0.30 pp
How it drifted, 12 quarters
Over this window DIIs went from 23.7% to 28.3% — +4.7 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 56.2%, FIIs 10.4%, DIIs 23.7%, Public 9.4%, Others 0.3%.Dec '23: Promoters 56.2%, FIIs 10.5%, DIIs 24.0%, Public 9.0%, Others 0.3%.Mar '24: Promoters 56.3%, FIIs 11.6%, DIIs 23.0%, Public 8.8%, Others 0.3%.Jun '24: Promoters 56.3%, FIIs 13.8%, DIIs 21.0%, Public 8.6%, Others 0.3%.Sep '24: Promoters 56.3%, FIIs 13.7%, DIIs 21.3%, Public 8.4%, Others 0.3%.Dec '24: Promoters 56.3%, FIIs 13.9%, DIIs 21.2%, Public 8.3%, Others 0.3%.Mar '25: Promoters 56.3%, FIIs 12.9%, DIIs 22.3%, Public 8.2%, Others 0.3%.Jun '25: Promoters 56.3%, FIIs 11.2%, DIIs 24.0%, Public 8.1%, Others 0.3%.Sep '25: Promoters 56.3%, FIIs 10.4%, DIIs 24.8%, Public 8.2%, Others 0.3%.Dec '25: Promoters 56.3%, FIIs 9.3%, DIIs 25.5%, Public 8.5%, Others 0.5%.Mar '26: Promoters 56.4%, FIIs 7.7%, DIIs 27.3%, Public 8.2%, Others 0.5%.Jun '26: Promoters 56.4%, FIIs 6.9%, DIIs 28.3%, Public 7.8%, Others 0.5%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Nippon Life India Trustee Ltd-A/C Nippon India Multi Cap Fund Mutual fund +0.84 pp 3.81% held
- Mirae Asset Great Consumer Fund Mutual fund +0.29 pp 1.31% held
- Canara Robeco Mutual Fund A/C Canara Robeco Large And Mid Cap Fund Mutual fund +0.06 pp 1.56% held
The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Westlife Foodworld Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Horizon Impex Pvt Ltd | 30.49% | unchanged |
| Subh Ashish Exim Pvt Ltd | 21.43% | unchanged |
| SBI Equity Hybrid Fund Mutual fund | 9.79% | unchanged |
| AKSR Corporate Advisors Private Limited | 4.86% | −0.67 pp |
| Nippon Life India Trustee Ltd-A/C Nippon India Multi Cap Fund Mutual fund | 3.81% | +0.84 pp |
| DSP Small Cap Fund Mutual fund | 3.47% | −0.10 pp |
| Makino Holdings Limited | 2.00% | unchanged |
| Achal Jatia | 1.91% | unchanged |
| ICICI Prudential Life Insurance Company Limited Insurer | 1.88% | unchanged |
| HDFC Trustee Company Limited - HDFC Tax Saverfund Mutual fund | 1.56% | unchanged |
| Canara Robeco Mutual Fund A/C Canara Robeco Large And Mid Cap Fund Mutual fund | 1.56% | +0.06 pp |
| Mirae Asset Great Consumer Fund Mutual fund | 1.31% | +0.29 pp |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in WESTLIFE
Filings to Aug 2026
0 new, 1 added, 1 trimmed, 0 sold out — net −4.87 L shares (−2.0%).
- Held by funds
- ₹1.4k Cr
- 8 schemes
- Biggest holder
- SBI Aggressive Hybrid Fund
- ₹406 Cr · 0.5% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Aggressive Hybrid Fund SBI Mutual Fund | ₹406 Cr | −5.93 L | Aug '21 |
| SBI Smallcap Fund SBI Mutual Fund | ₹400 Cr | held | Aug '22 |
| Nippon India Multi Cap Fund Nippon India Mutual Fund | ₹373 Cr | +1.06 L | Nov '25 |
| HDFC ELSS Tax saver HDFC Mutual Fund | ₹76 Cr | held | Jun '25 |
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹48 Cr | held | Feb '26 |
| SBI Consumption Opportunities Fund SBI Mutual Fund | ₹32 Cr | held | Sep '24 |
| Nippon India Consumption Fund Nippon India Mutual Fund | ₹23 Cr | held | May '21 |
| Nippon India Aggressive Hybrid Fund Nippon India Mutual Fund | ₹5 Cr | held | Nov '23 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
1 added, 1 trimmed — net −4.87 L shares (−2.0%)
- Funds are sitting on
- -27%
- vs est. average cost
- Held by funds
- ₹1.4k Cr
- 8 schemes · ≈ 13% of the company
- Biggest holder
- SBI Aggressive Hybrid Fund
- ₹406 Cr · 0.5% of that fund
- Longest holder
- Nippon India Consumption Fund
- 5y 4m · since May '21
Shares held by these funds +88%
Aug '23 2.46 cr shares Jul '26
All earnings calls (5)
Read the Q1 FY27 call →Learn to analyse Westlife Foodworld Limited
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