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WESTLIFE Westlife Foodworld News Story

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Consumer CyclicalsBalancedMid CapNeutral

McDonald's India operator Westlife Foodworld drops on adjusted quarterly loss

** Shares of Westlife Foodworld WEST.NS, a Mcdonald's India operator, fall 2% to 577 rupees, set for third consecutive session of losses

** Co posts adjusted loss vs year-ago profit; rev up 3.8% y/y

** Emkay says co missed same-store sales growth (SSSG) estimate, delivered muted performance on demand softness

** Adds, co's South India business led Q2 earnings miss

** Dolat Capital says subdued out-of-home consumption impacted SSSG

** Centrum says continued industry weakness, longer recovery timeline, weak South India performance weigh on stock

** 21 analysts rate it "hold" on avg; median PT 690 rupees vs current 577 rupees - data compiled by LSEG

** YTD, WEST down nearly 27%

($1 = 87.8950 Indian rupees)

 (Reporting by Komal Salecha)

 ((Komal@thomsonreuters.com;))

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