QSR - Fishing Time?
Global QSR giants entered India and China in the 90s with high hope of massive store network potential, thanks to two large populous hubs
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Westlife Food - Robust Performance; Maintain BUY
Revenue grew 28% YoY (12% on 3-Year CAGR), while SSSG stood at 20% led by increased footfalls, improved product mix and price hikes.
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Westlife Foodworld Ltd - VISION 2027: Formulating the Next Leg of Growth
Westlife Foodworld Ltd hosted the strategy Day on 1st December to provide a detailed roadmap of Vision 2027 (FY28) which is focused on driving meal...
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Westlife Foodworld - Guidance Appears Conservative
Going ahead (FY23-28), WLDL expects annual addition of 45-55 stores (10-12% CAGR), which suggests a significant pick-up vs. the past trends.
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Westlife Foodworld - Guidance Appears Conservative; Maintain Buy on Strong Execution
With our estimated top-line of Rs23bn (~15% CAGR over FY16-23E) and 13.4% EBITDA margin in FY23E (vs. 6% in FY16), WLDL has delivered towards the...
382 Views