WESTLIFE FOODWORLD LIMITED (WESTLIFE)
Micro CapConsumer stocks · Micro cap · NSE
Westlife Foodworld Ltd. operates McDonald's restaurants in West and South India through its subsidiary Hardcastle Restaurants Pvt. Ltd. It focuses on multi-category, multi-channel, multi-daypart offerings, and network expansion, aiming for scalable, profitable guest count growth.
One read, four checks
75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.
Weak fundamentals, management trust is acceptable, price trend is neutral, and recent execution is mixed.
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
low confidence · 0/0 claims checked
Timing lens: price trend and sector relative strength.
Rolling lens: recent quarterly delivery, not the latest single-result score.
Quarter ended 30 Jun 2026
Bad · 0/100PAT -52% YoY · margin compression · Rev +12% YoY · +12% QoQ
| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹735.6 Cr | +11.9% | +12.3% |
| EBITDA | ₹92.9 Cr | +8.9% | +7.0% |
| Operating margin | 12.6% | -34 bps | -63 bps |
| PAT | ₹0.6 Cr | -52.0% | -75.2% |
| PAT margin | 0.1% | -11 bps | -28 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Business & thesis
Growth engines, tailwinds/headwinds, and risk radar from management commentary
Where growth can come from, and what can break the case
Q4 FY26 sales grew 8.7% YoY to ₹6.55 bn, with SSSG at 1.5%. Operating EBITDA margin was 13.3%. For FY26, sales grew 5.4% YoY to ₹26.26 bn, with SSSG at -1.1%. Cash PAT for FY26 was ₹2.35 bn, up 23.4% YoY.
The company reported resilient Q4 performance with positive SSSG and sustained profitability, driven by its everyday value platform and marketing. While FY26 SSSG was negative, the Q4 recovery and aggressive network expansion plans suggest the core thesis remains on track, though input cost management is key.
Sales by Channel (Q4 FY26)
Latest issuer-disclosed distribution across 2 reported categories.
Everyday Value Platform
The ₹99 meal continues to witness positive traction, translating into healthy dine-in guest count momentum.
Digital Sales & Omni-channel
Digital sales contribution at +76% grew over 100 bps YoY, led by McDelivery platform, McDonald’s app, and SOKs.
Network Expansion
Targeting 60+ new restaurants in FY27 and 580-630 restaurants by CY27.
Brand Building & Loyalty
Launched monthly coffee subscription to build habits, drive frequency, and strengthen brand loyalty.
New Restaurant Openings
Added 21 restaurants in Q4 FY26 and 48 new restaurants in FY26.
Future Store Target
Targeting 60+ restaurants in FY27 and 580-630 restaurants by CY27.
Regional Market Performance
West market continued with healthy performance while South has started recovering.
Operational Resilience
Prior investments in store modernization and capability upgrades translated into resilience amid the LPG situation.
Commodity Inflation
FY26 saw continued inflationary pressure across key commodities, notably cocoa and coffee.
Commodity Price Volatility
Continued inflationary pressure on cocoa and coffee could impact gross margins in the near term.
Sustaining SSSG
Despite positive Q4 SSSG, FY26 SSSG was negative, indicating challenges in consistent comparable growth.
Management accountability
What management said, and what results must prove
Management accountability
What management said, and what results must prove
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
YoY provides a clear view of annual growth and seasonal trends in the consumer sector, which is crucial for a QSR business. QoQ is useful for tracking sequential momentum in SSSG, margins, and operational efficiency.
SSSG
Q4 FY26 SSSG stood at 1.5% YoY. FY26 SSSG was -1.1% YoY.
Guest Count Growth
Q4 FY26 SSSG was driven by mid single digit guest count growth.
Adjusted Gross Margin
Q4 FY26 Adjusted Gross Margin was 68.1%. FY26 Adjusted Gross Margin was 67.7%.
On-premise Sales Contribution
On-premise sales contributed 58% in Q4 FY26 and grew 9% YoY.
Strategic Focus Areas
Management's three strategic focus areas are running great restaurants/brand building, cost leadership/operating efficiencies, and network expansion.
Consumer Proposition
Management aims to drive aggressive guest growth through accessible value and iconic experiences, delivered with consistency.
Omni-channel Integration
Integrate various channels and touchpoints to a 'One McDonald’s platform' to provide consumers a seamless experience.
Network Expansion Aggression
Penetrate unserved geographies and fortify existing markets with renewed aggression.
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| SSSG | 1.5% (Q4 FY26) | Sustained positive SSSG and acceleration in subsequent quarters. |
| New Store Openings | 48 in FY26 | Achievement of 60+ openings in FY27 and progress towards the CY27 target of 580-630 restaurants. |
| Adjusted Gross Margin | 68.1% (Q4 FY26) | Stability in the +67% range amidst commodity price fluctuations. |
| Digital Sales Contribution | +76% | Continued growth in contribution and engagement through digital platforms. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trend score and candlestick chart
53NeutralSMA20 +14.1% / mo · MACD −
Technical chart
WESTLIFEdaily · 1Y · AUTO+11.0%Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 42. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~12.3% over last month) — short-term momentum positive.
- RSI(14) at 42 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 31% off 52W high · 33% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Valuation & score drivers
U-Score 24 · OVERVALUED · pillar breakdown, sector model, fair-value anchor
Valuation & score drivers
U-Score 24 · OVERVALUED · pillar breakdown, sector model, fair-value anchor
Fundamental score breakdown
OVERVALUEDWhy this score?
Top U-Score contributors and drags from the latest stored fundamentals.
Positive drivers
- Cash flow contributes 7/10 to the score.
- Growth contributes 12/25 to the score.
- Balance sheet contributes 2/15 to the score.
Main drags
- Fair-value margin of safety is negative at -520.2%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Quality is weaker at 0/20; verify the latest quarterly trend.
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Score history
12 stored score snapshots. Latest stored move: +0 points.
Factor attribution
Modelled fair value
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust score
Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Mixed Trust: Claim history is still being built. It ranks around the 38th percentile of the scored universe and 42nd percentile within Consumer. Main check: financial discipline is weak at 40/100.
Healthy Trust Lite: Promoter holding is 56.4%. Key concern: Debt/equity is 2.92.
Usable, but needs evidence. Treat guidance with a margin of safety.
overall median 67 · Consumer: 42nd pctile, median 66 · Micro: 21st pctile, median 73
82 documents have extracted text, but claim history is not strong enough yet.
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Mixed Trust · low confidenceRead Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Trust positives
- ▸Promoter holding is 56.4%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.8%.
- ▸8 years of positive FCF.
Trust risks
- ▸Debt/equity is 2.92.
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE is low at 6.3%.
- ▸ROE is low at -3.8%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Financials
Full fundamentals table and 10-year revenue / profit / ROE history
Fundamentals
Valuation
- P/E
- —
- P/B
- 13.38
- EV/EBITDA
- 17.53
- Market Cap
- 8274.00Cr
Profitability
- ROE
- -3.79%
- ROCE
- 6.34%
- ROA
- 1.13%
- Dividend Y
- 0.14%
Growth (CAGR)
- Revenue 5Y
- 22.00%
- EPS 5Y
- 12.00%
- Revenue 3Y
- 5.00%
- EPS 3Y
- -18.00%
Balance Sheet
- Debt/Equity
- 2.92
- Interest Coverage
- 2.31×
- Altman Z
- 3.97
- Book Value
- 39.70
Cash Flow
- FCF Yield
- 1.81%
- FCF Positive Y
- 8/5
- OCF
- 352.00 Cr
- EPS TTM
- 2.04
Shareholding
- Promoter Hold
- 56.39%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 36%
Financial History
Updated 5/9/2026
Revenue
₹ CrNet Profit
₹ CrReturn on Equity
%Peers
Business-comparable names in Consumer, ranked by similarity
Peers
Business-comparable names in Consumer, ranked by similarity
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.