India's Westlife Foodworld up; analysts bullish on execution-led demand recovery
BUZZ-India's Westlife Foodworld up; analysts bullish on execution-led demand recovery ** Westlife Foodworld WEST.NS rises 3.2% to 502.75 rupees
** Q1 profit after tax at McDonald's restaurants operator in west and south India dropped 52% to 5.9 million rupees; revenue up 11.4%
** "We retain ADD on Westlife on strong same-store sales growth recovery and acceleration in network expansion," analysts at Emkay Global say
** "Westlife's improving execution, stronger customer traction and recovery in the South underpin its medium-term growth outlook," say Dolat Capital analysts, retaining Accumulate rating
** Analysts at BOB Capital Market say demand recovery appears increasingly execution-led rather than purely macro-driven. Maintains "buy" rating
** 12 of 22 brokerages rate the stock "buy" or higher, 6 "hold" and 4 "sell" or lower; their median PT is 541.5 rupees - data compiled by LSEG
** YTD, stock down 9.8%
(Reporting by Abhinav Parmar in Bengaluru)
Recent news on Westlife Foodworld
See all newsIndia's Westlife Foodworld up; analysts bullish on execution-led demand recovery
India's Westlife Foodworld drops on Q1 profit drop
McDonald's India operator profit halves as higher costs weigh (updated)
McDonald's India operator Westlife profit halves as costs weigh
Brief: Westlife Foodworld Q1 Consol PAT 5.9 Million Rupees