WESTLIFE FOODWORLD
Bernstein initiates coverage on retail and restaurant stocks
Bernstein said that as organised retailers scale up, tremendous value creation opportunities can be accessed currently by unlocking demand beyond the top 40 cities and the top 10% of the pyramid of the Indian middle-class market.
McDonald’s (North & East) goes premium, to bring in Signature Collection
McDonald's India has launched its global Signature Collection of premium burgers in North and East India. These gourmet burgers start at Rs 225, while entry-level burgers remain at Rs 58. The initiative aims to meet growing consumer demand for premium products amid rising competition from other brands.
Q1 results shocker: 40 companies report more than 50% drop in profit
The profits of 40 Indian companies have plummeted by more than 50% in the June quarter, primarily due to higher raw material costs and unfavorable base effects. Notable names like Allcargo Logistics and Rajesh Exports saw drastic declines. Analysts suggest cautious investment strategies amid high market valuations and slowing profit growth.
Buy Westlife Foodworld, target price Rs 915: Axis Securities
Westlife Foodworld Ltd. key Products/Revenue Segments include Dividend and Income From Sale Of Share & Securities for the year ending 31-Mar-2024.
Happy meals not making Indians happy anymore? McDonald's, Burger King & other QSR brands losing their mojo in India
Interest in international quick service restaurant (QSR) chains like McDonald’s, Burger King, and Pizza Hut is waning among Indians, prompting these brands to focus on value offerings to attract customers. The rise of modern food brands backed by venture capital and the popularity of food delivery platforms like Zomato and Swiggy have intensified competition, making it harder for global QSR giants to draw in diners.
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Quick service restaurants, cafe chains see slower growth
Major quick service restaurant chains including McDonald's, KFC, Pizza Hut, and Starbucks experienced a sharp decline in sales and revenue growth in the April-June quarter. This downturn was driven by inflation, increased competition, and an intense heatwave. Notably, McDonald's operator, Westlife Foodworld, and Tata-operated Starbucks reported significant downturns.
Westlife Foodworld Q1 Results: Net profit declines 88% to Rs 3.25 crore
Westlife Foodworld, operator of McDonald's restaurants in West and South India, on Thursday reported an 88.72 per cent decline in its consolidated net profit to Rs 3.25 crore for the June 2024 quarter on account of subdued in-store business and higher royalty costs. The company reported a consolidated net profit of Rs 28.83 crore in the April-June quarter a year ago, according to a regulatory filing.
Nifty bull case target at 27K, says Axis Securities; bets on HDFC Bank, Bharti Airtel, others
Axis Securities expects reduced volatility and a smooth US market landing, targeting Nifty at 27,000 for March 2025 (bull case) and 24,600 (base case). They recommend stocks like HDFC Bank, ICICI Bank, Coal India, Nestle India, SBI, HCL Tech, Federal Bank, Varun Beverages, TVS Motors, Bharti Airtel, among others.
Jubilant FoodWorks Q4 Results: Profit jumps on steady demand
Jubilant FoodWorks reported a more-than-seven fold jump in quarterly profit on Wednesday as the Domino's Pizza's Indian franchisee booked an one-time gain and also benefited from steady demand.
Westlife Foodworld Q4 Results: PAT slides 96% to Rs 76.35 lakh
Consolidated total income in the fourth quarter stood at Rs 567.47 crore as against Rs 561.96 crore in the year-ago period, it added.
Add Westlife Foodworld, target price Rs 800: ICICI Securities
Westlife Foodworld Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 11528.36 Crore) operating in Tourism & Hospitality sector.
Hot Stocks: Brokerages on Paytm, Info Edge and Westlife Food
Brokerage actions may impact One 97 Communications, Info Edge (India), and Westlife Foodworld. Jefferies sees NCPI approval for Paytm. BofA maintains underperform rating on Info Edge. Investec expects revenue and PAT growth for Westlife Foodworld.
Hot Stocks: Brokerage view on Zomato, AB Capital, Asian Paints and Westlife Food
Brokerage firm JPMorgan maintained an overweight rating on Westlife Foodworld, Macquarie recommended an outperform rating on Asian Paints, HSBC maintained a buy rating on Zomato and Morgan Stanley recommended equal weight stance on AB Capital.
Hot Stocks: Brokerages view on BEL, Jubilant FoodWorks, Syrma SGS and MGL
Brokerage firm Nuvama maintained a buy rating on MGL, CLSA initiated coverage on Syrma SGS Technology with a buy rating, CLSA maintained a sell rating on Jubilant FoodWorks, and UBS maintained a buy rating on BEL.
McDonald's India to use word cheese in products as FSSAI and NABL verify quality
Westlife Foodworld, operator of McDonald's in West and South India, has been given a clean chit by Maharashtra FDA and FSSAI for the quality of cheese used in their products. The temporary renaming of products had a slight impact on the business.
FSSAI verifies McDonald’s India uses 100% real cheese: Westlife Foodworld
Food Safety and Standards Authority of India(FSSAI) confirms McDonald's India uses real cheese. Maharashtra govt plans to inspect all McDonald's outlets. Westlife Foodworld actively engages with authorities, adheres to food standards, remains committed to transparency in ingredients and providing high-quality meals.
Pizza, burger or chicken? Rs 80,000 crore question haunting investors in QSR stocks
Competition among QSRs has investors questioning if pizza will lose out to other comfort foods like burgers, fried chicken, and biryani. KFC has seen growth and outperformed pizza, while pizza firms face slow store growth expansion. Among QSR stocks, Sapphire Foods has given a decent return in past 6 months, and buy ratings are recommended for Devyani, Sapphire, and Restaurant Brands Asia.
McDonald's cheese crackdown: Maharashtra to inspect global fast-food chains
Maharashtra, India, will conduct an inspection of all global fast-food chains for food regulation violations following a McDonald's crackdown. The state will check for misleading promotion of non-cheese items as cheese and will also inspect all McDonald's outlets in Maharashtra.
Maharashtra FDA cracks down on McDonald's, catches fast food major using cheap vegetable oil in place of cheese
Maharashtra's Food and Drug Administration (FDA) has cracked down on McDonald's, suspending the licence of an outlet in Ahmednagar for allegedly using cheese substitutes without proper disclosure. As per TOI, McDonald's has denied using substitutes. “...we want to reassure customers that we use only real, quality cheese in all our products,” a spokesperson said.
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