Westlife Foodworld Ltd. share price target

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

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....

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.

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.

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

Slowdown persists; store additions continue

Westlife Foodworld (WLDL) reported flat YoY sales of INR6.2b in 1QFY25. Its sales were hit by a 6.7% YoY decline in same-store sales (est. -5.0% YoY).

We retain REDUCE on WESTLIFE and Jun-25E TP of Rs875, due to a lackluster Q1 (9-10% EBITDA miss) and sequential SSG moderation (-6.7% vs. -5% in Q4).

Revenue was flat YoY (+10% QoQ) while SSSG declined 6.7% YoY impacted by general slowdown in consumption and subdued on-premise sales. Revenue growth in on-premise and off-premise businesses stood at -3%, 6% YoY.

We maintain our BUY rating on the stock.

Near term demand headwinds; long-term targets intact

With a 12% upside potential from the CMP, we maintain our BUY rating on the stock.