Mcdonald’s India franchisee Westlife Foodworld is planning to add 580-630 new restaurants by 2027, the company said in a BSE filing.
Westlife has opened 18 new restaurants in the fourth quarter (Q4) of FY23 and is on a fast track to add 40-45 new restaurants in FY24.
As of March 2023, Westlife had 357 restaurants in 56 cities, including 68 Drive-Thrus, 311 McCafés, and 220 Experience of the Future (EOTF) restaurants, according to the regulatory filing.
Amit Jatia, vice-chairman of the company said, “FY 23 was a landmark year for Westlife Foodworld. Our strong performance, delivered by our omnichannel strategy, menu innovations, store modernization, and cost optimization strategies, is a testament to our scale and agility.
Jatia believes the company is on a strong growth trajectory and will continue to build on competitive strengths and further its business advantage.
During the last fiscal, Westlife also strengthened its big burger-led menu innovations and launched chicken big mac and cheesy nuggets.