Business News Food

The December quarter of Westlife Foodworld is, as usual, delicious.

Westlife Foodworld Ltd kept the ball rolling in the December quarter (Q3FY23), but that was pretty much expected. It clocked the highest-ever quarterly revenue of ₹611.5 crore. This represents 28% year-on-year (y-o-y) growth. The operator of McDonald’s restaurants in west and south India saw an increase in footfalls in the last quarter. This led to same-store sales growth (SSSG) of 20% y-o-y. In Q2, helped by a lower base, SSSG stood at a higher rate of 40%. However, in Q3, average sales per store on a trailing 12 months basis was higher sequentially.

The company gained market share among quick service restaurants, the management said in the latest earnings call. Its menu innovations, such as McCheese burger and KitKat Frappe saw healthy traction among consumers. In Q3, about 57% of overall business was through digital channels.



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