Q4FY23 Quarterly & FY23 Annual Result Announced for Westlife Foodworld Ltd.
Restaurant company Westlife Foodworlds announced Q4FY23 & FY23 results: Q4FY23: Highest ever Q4FY23 sales at Rs 5.56 billion grew by 22% YoY, strong double-digit Same Store Sales Growth (SSSG) of 14% YoY Digital sales improved to ~62% led by Self Operating Kiosks (SOK); launched the new McDelivery App Operating EBITDA at Rs 919 million grew 26% YoY; Op. EBITDA margin was 16.5% (vs 16.0% in Q4FY22) FY23: Highest ever sales at Rs 22.7 billion, grew by 44% YoY; SSSG at 36% YoY Operating EBITDA at Rs 3.9 billion, grew by 90% YoY; Op. EBITDA margin was 17.3% (vs 13.1% in FY22) Cash PAT at Rs 2.5 billion, grew 97% YoY; Cash PAT margin was 11.2% (vs 8.2% in FY22) Commenting on the results for FY23, Amit Jatia, Vice-Chairman, Westlife Foodworld, said, “FY23 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. We were not only able to strengthen our value proposition but were also able to capitalize on our momentum to promote long-term sustainable growth for all our stakeholders. I believe we are on a strong growth trajectory and will continue to build on our competitive strengths and further our business advantage”. Result PDF09-05-2023