Westlife Foodworld Ltd. share price target

Westlife Foodworld (WESTLIFE) reported 12% YoY revenue growth to INR7.4b in 1QFY27 (est. INR7.4b). SSSG came in at 4.3% YoY (est. 3.5%), driven by double-digit growth in guest count in West and South markets. South India also delivered positive SSSG.

Store expansion and execution remain strong, but demand recovery still lacks enough depth to materially improve earnings quality.

With an 11% upside potential from the CMP, we maintain our BUY rating on the stock.

Westlife Foodworld (WESTLIFE) reported a revenue growth of 9% YoY to INR6.6b in 4QFY26 (est. INR6.4b). The same-store sales growth (SSSG) stood at 1.5% YoY (in line).

Q3 saw improving guest count trends with Nov stabilisation and DecJan turning flat-to-positive, indicating early signs of demand recovery

With an 26% upside potential from the CMP, we maintain our BUY rating on the stock.

Westlife Foodworld (WESTLIFE) reported revenue growth of 3% YoY (slowest among peers) to INR6.7b in 3QFY26 (below). Same-store sales growth (SSSG) declined 3.2% YoY (est. flat) on a soft base of +3%, given the ongoing challenging operating environment.

WFL reported SSG of -3.2% (vs. Ple: 2.8%) amid continued demand softness through Q3, driven by lower eating-out frequency. WFL reported strong bounce back with positive SSG in west India while south market continued to suffer. Adj. GM (processing cost adj.) remained stable YoY/QoQ, supported by supplychain efficiencies, while EBITDA margin expanded 106bps YoY on cost optimization. Near-term outlook remains cautious although December and...

With an 11% upside potential from the CMP, we maintain our BUY rating on the stock.

Westlife Foodworld (WESTLIFE) reported revenue growth of 4% YoY to INR6.4b in 2QFY26. Same-store sales growth (SSSG) declined 2.8% YoY (estimate -1.5%) even on a favorable base (-6.5% in 2QFY25), with demand remaining muted in August and September.

With a 13% upside potential from the CMP, we maintain our BUY rating on the stock.

Westlife Foodworld (WESTLIFE) reported revenue growth of 7% YoY to INR6.5b in 1QFY26, with same-store sales growth (SSSG) of 0.5% YoY (est. 1.5%) on a favorable base (-6.7% in 1QFY25). Average sales per store rose 1% YoY to INR62m (annually) in 1QFY26.

Visible green shoots in south market and decline in inflation 2) Stabilizing operating metrics with TTM Average sales/store increasing by 8.3% QoQ while declining by 3.2% YoY Vs 4.9% YoY decline in 4Q25 3) Likely SSG rebound post 1HFY26 led by menu innovation and increasing footfalls....

WFL to add 45-50 stores in FY26 with a target of 580-630 stores by CY27 sales/store declined 5.8% YoY and 13% QoQ as demand scenario remains challenging 2) muted guidance for SSG for FY26 despite low base of FY25 and more focus on CY27 guidance 3) limited pricing power as sustained competitive intensity is likely to cap price hikes. Although operational efficiencies will neutralize RM inflation, higher overheads on new stores will...

We recently hosted Westlife Foodworld’s (WESTLIFE) management at our Ideation Conference to gain insights into the company's current business environment and future plans.

With a 21% upside potential from the CMP, we maintain our BUY rating on the stock.

We upgrade Westlife to BUY (from Add), as it offers an improving growth/margin trajectory at an attractive entry point.