Westlife Foodworld's Q1 FY25 net profit declined 88.72% to Rs 3.25 crore due to reduced in-store sales and higher royalty costs.
Westlife Foodworld, the operator of McDonald's restaurants in West and South India, reported an 88.72% decline in its consolidated net profit to Rs 3.25 crore for Q1 FY25 due to subdued in-store business and higher royalty costs. The company's revenue from operations remained flat at Rs 616.32 crore in Q1. Same-store sales growth stood at -6.7% YoY, impacted by subdued in-store business, though the off-premise segment saw positive same-store sales. Operating EBITDA declined 24.5% YoY to Rs 78.7 crore.
July 25, 2024
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