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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."

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