Hotline: 1800 102 2007
X
Search Business Opportunities
May, 12 2017

​Westlife Development reports 7.4% increase in net sales in Q4

Westlife Development's same-store sales – which consider sales only at those stores which were operating during both comparable periods – grew 1 per cent versus 8.4 per cent same quarter last year.

Westlife Development Ltd, the master franchisee for McDonald's operations in southern and western India, has reported a 7.4 per cent increase in net sales to Rs 223 crore for the quarter ended March, driven by menu innovation, new stores and formats.

Loss narrowed to Rs 4.1 crore during the quarter from Rs 6.5 crore a year ago.

The company's same-store sales – which consider sales only at those stores which were operating during both comparable periods – grew 1 per cent versus 8.4 per cent same quarter last year.

Amit Jatia, Vice-chairman, Westlife Development Ltd., said, "On the operating front, new stores have performed remarkably well under the Restaurant Operating Platform 2.0 that was launched in the last quarter of FY16.

Despite challenges in the external market environment, we remain confident of our ability in being able to deliver value to our consumers and shareholders."

Comment
Related opportunities
  • Automobile maintanance related
    About Us: Since 1968 Koch-Chemie has stood for high-quality cleaning and..
    Locations looking for expansion Maharashtra
    Establishment year 2008
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Gyms and Fitness Centres
    About Us: Trugym is an innovative gym operator from the UK...
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Juices / Smoothies / Dairy parlors
    About Us: Ministry of Thickshakes is posed to be a leading..
    Locations looking for expansion Andhra pradesh
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Shaikpet Andhra pradesh
  • Aviation & Hospitality Training Institute
    About Us:  Young chef India schools is a concept floated by..
    Locations looking for expansion West Bengal
    Establishment year 1994
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 1100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Kolkata West Bengal
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities