Westlife Share Price

(WESTLIFE)

Westlife Development Limited (WDL) belonging to the B.L. Jatia Group, is one of the rapidly increasing companies in the Quick Service Restaurant (QSR) section in India. WDL maintains the master franchisee of McDonalds Corporation USA and operates QSRs under the name McDonalds. Formerly known as Dhanprayog Investments Co. Ltd, the company got incorporated in 1982 and changed its name to Westlife Development Ltd. in 2008 to avail the opportunities in Real Estate and other related activities like Hotels and Tourism. It began its first Indian restaurant in Bandra in 1996. In the financial year 2015-16, the company added 27 new restaurants and also implemented reimaging activities to improve the entire dining experience at its restaurants with an investment of 1021.8 million. It additionally closed/relocated 5 restaurants during the same period. Similarly, in FY 2016-17, 30 new restaurants were included with an investment of 1007.3 million. The Bombay High Court approved the Scheme of Arrangement between the Company and its subsidiaries in 2013. As a result of that, Hardcastle Restaurants Private Limited emerged as the only and direct subsidiary of Westlife Development Ltd. During the period of FY 2017-18, the company invested Rs 1016.6 million towards capital expenditure to venture into newer locations, grow its McCafé & McDelivery platform along with adding 25 new restaurants and reinforcing the real estate portfolio by signing long term deals with site-owners. Further, Flavours without Borders campaign was launched, introducing a range of new food products/beverages in Indian, Mexican and Italian cuisines. Moreover, the company improved customer service and efficiency with Happy Price Combo, drive-thrus, brand extensions like McCafé & McDelivery, and dessert kiosks. As on March 31, 2018, a total of 165 restaurants were delivering food at customers' residences through major food aggregators like FoodPanda, Swiggy and Zomato. By the end of FY 2019-20, the company had 319 outlets and had a presence in 42 cities/towns. Furthermore, EatQual brand was introduced in FY 2021-22 to address the needs of consumers with limited upper limb mobility and McBreakfast & McDelivery were launched in 2022 for enhanced relevance. With an investment of 305 restaurants systemwide across the southern and western states like Gujarat, Tamil-Nadu, Karnataka, Andhra Pradesh, and

Revenue: ₹613.65Cr as on June 2024 (Q2 24)
Net Profit: ₹3.25Cr as on June 2024 (Q2 24)
Listing date: 05 Jun, 2023
Chairperson Name: Smita Jatia