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WESTLIFE — Westlife Foodworld News Story

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Consumer CyclicalsBalancedMid CapMomentum Trap

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)

((Abhinav.Parmar@thomsonreuters.com;))

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