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Restaurant company Westlife Foodworld announced Q2FY24 & H1FY24 results:
- Q2FY24:
- Maintained growth on a high base with Q2FY24 sales at Rs 6.15 billion, up 7% YoY
- Avg. Sales Per Store in the Trailing Twelve Months (TTM) increased by 7% YoY
- Cash PAT at Rs 614 million; Op. EBITDA at Rs 997 million, grew 1% YoY
- On-premises as well as Off-premises businesses grew by 7% YoY
- H1FY24:
- H1FY24 Sales witnessed a growth of 11% YoY
- Encouraging 3% SSSG in H1FY24 on a strong base of last year
- EBITDA grew 7% YoY in H1FY24.
Amit Jatia, Chairperson, Westlife Foodworld said, “Our second quarter results, amidst challenging market conditions, reflect consistently strong execution of our long-term strategic playbook aligned with our Vision 2027. The resilient Q2FY24 performance and sales growth affirm that Westlife Foodworld's strategy of omnichannel, menu innovations, and prudent network expansion is working. While macroeconomic challenges persist, we continue to invest in our new stores and our other growth drivers to create value for all our stakeholders.”
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