Westlife Foodworld Ltd
About
Westlife Foodworld Limited (WFL) was originally known as Westlife Development Limited (WDL). With the help of its subsidiary, Hardcastle Restaurants Private Limited (HRPL), WFL is engaged in the setting and operation of Quick Service Restaurants (QSR) in India. Most notably, through its partnership with McDonald’s Corporation USA, the company owns and operates India’s West and South McDonald’s restaurants. Through 397 restaurant outlets under its control in 64 cities, WFL is able to provide employment to 10,000 people and serve over 200 million customers every year. Its restaurants are divided into 4 major categories—freestanding, food courts, in-store, and mall stores—on the basis of their location and seating arrangements. WFL, through HRPL, has helped in expanding the McDonald’s brand in India through various formats like the McCafe, McDelivery, McBreakfast, and designated dessert kiosks.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 2410 4.9% | 2299 43.3% | 1604 55.1% | 1035 -33.7% | 1561 10.3% | 1416 22.8% | 1153 21.2% | 951 9.7% | 867 11.0% | 781 4.7% | 746 7.9% | 691 25.0% | 553 - | 3 313.7% | 1 -61.2% | 2 - |
| Net Operating Income (INR Cr) | 2392 4.99% | 2278 44.51% | 1576 59.88% | 986 -36.29% | 1548 10.40% | 1402 23.54% | 1135 21.93% | 931 11.68% | 833 9.04% | 764 3.24% | 740 7.60% | 688 25.57% | 548 - | 3 385.48% | 1 -53.03% | 1 0.00% |
| Profit (INR Cr) | 69 -38.0% | 112 - | -2 - | -99 - | -7 - | 21 65.6% | 13 - | -12 - | 3 - | -29 - | 1 -95.5% | 21 -32.3% | 31 - | -1 - | 1 -55.0% | 1 - |
| Assets (INR Cr) | 1993 9.8% | 1815 19.7% | 1517 4.7% | 1449 -6.7% | 1553 88.1% | 826 13.5% | 728 1.3% | 718 4.5% | 688 3.0% | 668 6.9% | 625 49.9% | 417 47.3% | 283 11.0% | 255 1394.0% | 17 3.9% | 16 - |
| Net Worth (INR Cr) | 588 4.0% | 566 22.5% | 462 -4.0% | 481 -16.6% | 577 -1.1% | 584 7.6% | 542 2.8% | 528 -2.0% | 538 0.8% | 534 -4.9% | 561 113.9% | 262 26.9% | 207 3.4% | 200 1071.9% | 17 3.9% | 16 0.0% |
| Employee Cost (INR Cr) | 329 5.8% | 311 48.2% | 210 17.6% | 178 -18.7% | 219 11.0% | 197 15.1% | 172 21.9% | 141 13.5% | 124 9.1% | 114 18.1% | 96 26.1% | 76 17.0% | 65 - | 0 - | 0 - | 0 - |
| Interest Cost (INR Cr) | 110 | 93 | 83 | 85 | 81 | 18 | 15 | 15 | 15 | 10 | 5 | 1 | 0 | 0 | 0 | 0 |
| Cash & Bank Balance (INR Cr) | 14 | 28 | 23 | 11 | 3 | 9 | 11 | 7 | 7 | 7 | 12 | 25 | 33 | 8 | 14 | 8 |
| Total Debt (INR Cr) | 1363 | 1203 | 1055 | 968 | 966 | 234 | 184 | 190 | 150 | 134 | 64 | 11 | 0 | 0 | 0 | 0 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 2.9% | 4.9% | - | - | - | 1.5% | 1.1% | - | 0.3% | - | 0.1% | 3.1% | 5.7% | - | 86.3% | 74.5% |
| Profit As % Of Assets | 3.5% | 6.2% | - | - | - | 2.6% | 1.8% | - | 0.4% | - | 0.2% | 5.1% | 11.1% | - | 3.7% | 8.5% |
| Profit As % Of Networth | 11.8% | 19.7% | - | - | - | 3.7% | 2.4% | - | 0.5% | - | 0.2% | 8.1% | 15.2% | - | 3.7% | 8.5% |
| Interest Cost to EBITDA % | 29.7% | 24.8% | - | 180.0% | 40.9% | 14.9% | 19.4% | 32.8% | 35.2% | 67.4% | 10.8% | 1.0% | 0.1% | - | - | - |
| Debt to Equity Ratio | 2.32 | 2.13 | 2.28 | 2.01 | 1.67 | 0.40 | 0.34 | 0.36 | 0.28 | 0.25 | 0.11 | 0.04 | - | - | - | - |
| RONW | 12.0% | 21.7% | - | - | - | 3.1% | 1.0% | - | -4.2% | - | 1.1% | 12.2% | 15.8% | - | 3.8% | 4.1% |
| ROCE | 10.8% | 14.5% | 4.8% | 0.0% | 7.9% | 6.0% | 2.8% | 0.0% | -1.2% | 0.0% | 2.2% | 12.2% | 15.9% | 0.0% | 3.7% | 4.4% |