India's McDonald's franchisee Westlife Foodworld falls after Q1 profit plunge

Westlife Foodworld

25/07/2024 10:59

** Shares of Westlife Foodworld Ltd  WEST.NS  fall 2.6% to
835.35 rupees
    ** WEST reports 89% drop in Q1 profit, hurt by higher
expenses and mostly unchanged rev
    ** Frail demand leads to fourth-straight quarterly profit
drop for West and South India McDonald's  MCD.N  restaurants
operator
    ** WEST and Domino's restaurant operator Jubilant Foodworks
 JUBI.NS  rated "hold" on avg vs "buy" for Burger King India
franchisee Restaurant Brands Asia  RESR.NS  - LSEG data
    ** Stock trims YTD gains to 3.4% but still leads pack


 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))