Westlife Foodworld - Strategy Day Insights, Acceleration At Play: ICICI Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .ICICI Securities Report.Westlife Foodworld Ltd.’s strategy day provided visibility towards long-term growth drivers of store throughput, network expansion and margins. It aspires to increase store throughput to ~Rs 90-100 million (implied store throughput in CY27 is ~Rs 70 million which is slightly higher than current Rs 63 million) though it did not provide a guidance on that unlike last meet. However, consensus including us would have appreciated more clarity on store throughput growth trajectory given the concerns around the same of other large quick service restaurants. Overall we like its strategy of-increased focus on meals through leadership in burger, increasing relevance in South through fried chicken and driving coffee adoption (target of 100% penetration in stores),omni channel strategy of increasing consumer experience across touchpoints (100% stores to be experience of the future, focus on own app and drive-thru),accelerated plans of network expansion (40- 55 stores versus 23-24 stores per annum historically) andmargin expansion to 18- 20% through product mix improvement, cost savings and operating leverage..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Westlife Foodworld - Strategy Day Insights, Acceleration At Play: ICICI Securities

It aspires to increase store throughput to ~Rs 90-100 million though it did not provide a guidance on that unlike last meet.

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