McDonald's India franchisee Westlife Foodworld falls after Q2 profit miss

Westlife Foodworld

26/10/2023 09:54

** Shares of Westlife Foodworld  WEST.NS  fall as much as
6.3% to 842.4 rupees - steepest intraday fall since Feb. 1
    ** The McDonald's franchisee reported a 29.1% drop in Q2
consolidated net PAT, missing analysts' estimates, according to
LSEG data
    ** Co hurt by increased costs despite higher sales
    ** Nearly 242,400 shares change hands by 02:10 p.m. IST,
1.6x the 30-day avg of 150,941 shares
    ** Analysts covering the stock on average have a "buy"
rating; median PT is 954 rupees - LSEG data
    ** Stock currently down 2.3%, trimming YTD gains to 11%

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))