** 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;))