Westlife Foodworld Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Westlife Foodworld Ltd filed with BSE on 11 May 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Westlife Foodworld reported Q4 FY26 consolidated revenue of INR 6.6 billion, up 9% year-on-year, with same-store sales growth of 1.5% driven by mid-single-digit guest count growth. Management said gross margin stood near historic highs at 68.1% for the quarter, while full-year cash PAT was INR 2.4 billion. The company opened 21 restaurants in Q4, taking total store count to 478 across 78 cities, and plans to open 60 plus restaurants annually going forward.
1 statement from this call is not shown because its supporting quote could not be reproduced within our quoting limits. Nothing shown here is affected: every statement on this page carries its verified quote.
Numbers mentioned
Consolidated revenue: INR 6.6 billion (Q4 FY26)
p. 5
“For the quarter, consolidated revenue stood at INR 6.6 billion, growing 9% year-onyear.”
Saurabh Kalra, page 5 of the filed PDF · View the filing
Revenue: INR 26.3 billion (FY26)
p. 5
“For the full year of FY26, revenue stood at INR 26.3 billion, translating into 5% year-on-year growth.”
Saurabh Kalra, page 5 of the filed PDF · View the filing
Same-store sales growth: 1.5% (Q4 FY26)
p. 5
“The quarter ended with a positive same-store sales growth of 1.5% at the system level driven by mid-single-digit guest count growth, which is the real heartening part.”
Saurabh Kalra, page 5 of the filed PDF · View the filing
Gross margin: 68.1% (Q4 FY26)
p. 6
“Gross margin for the quarter remained near historic high levels of 68.1%, improving by around 60 basis points sequentially.”
Saurabh Kalra, page 6 of the filed PDF · View the filing
Restaurant operating margin: improved approximately 70 basis points year-on-year (Q4 FY26)
p. 6
“Restaurant operating margins improved by approximately 70 basis points year-on-year.”
Saurabh Kalra, page 6 of the filed PDF · View the filing
Cash profit after tax: INR 487 million, 7.4% of sales (Q4 FY26)
p. 6
“Cash profit after tax stood at INR 487 million, representing 7.4% of sales.”
Saurabh Kalra, page 6 of the filed PDF · View the filing
Full-year like-for-like gross margin: 67.7% (FY26)
p. 6
“our full-year like-for-like gross margins stood at 67.7%, improving by around 140 bps year-on-year.”
Saurabh Kalra, page 6 of the filed PDF · View the filing
Restaurant operating margin: 20.3% (FY26)
p. 6
“Restaurant operating margin grew approximately 100 basis points yearon-year to 20.3% while operating EBITDA remained stable at 13.2%.”
Saurabh Kalra, page 6 of the filed PDF · View the filing
Cash PAT: INR 2.4 billion, 9% of sales (FY26)
p. 6
“For the full year, cash PAT was at rupees 2.4 billion, representing 9% of sales.”
Saurabh Kalra, page 6 of the filed PDF · View the filing
Digital sales contribution: 76% (FY26)
p. 6
“Our digital sales contribution stood at 76%, increasing over 100 basis points year-onyear, primarily driven by higher engagement across McDonald's app, McDelivery platform, and self-ordering kiosks.”
Saurabh Kalra, page 6 of the filed PDF · View the filing
Cumulative app downloads: 52 million
p. 6
“Cumulative app downloads have now crossed 52 million with approximately 3.5 million monthly active users, growing at a healthy double-digit rate year-on-year.”
Saurabh Kalra, page 6 of the filed PDF · View the filing
New restaurant openings: 21 restaurants (Q4 FY26)
p. 6
“We opened 21 new restaurants in quarter 4, taking our total tally to 478 restaurants across 78 cities.”
Saurabh Kalra, page 6 of the filed PDF · View the filing
Total restaurants opened: 48 restaurants (FY26)
p. 4
“We opened a record 48 restaurants this year, taking our footprint meaningfully higher across both”
Akshay Jatia, page 4 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Restaurant openings — 60 plus restaurants annually · FY27 onward
stated firmly by Akshay Jatia
p. 5
“Going forward, we plan to further accelerate our expansion by opening 60 plus restaurants annually with all new stores fully equipped with digital modern design and McCafes, reflecting our confidence in the strength of our industry and the opportunity that lies ahead.”
Akshay Jatia, page 5 of the filed PDF · View the filing
Gross margin — 67% plus · near term
stated conditionally by Shardul Doshi
p. 14
“There is of course lot of pressure which is there on the suppliers too with the geopolitical situation, so there'll be some inflation.”
Shardul Doshi, page 14 of the filed PDF · View the filing
Price increases — 2% to 4% · year-on-year
stated firmly by Saurabh Kalra
p. 9
“We've always maintained that year-on-year we pass on 2% to 4% of price increase year-on-year.”
Saurabh Kalra, page 9 of the filed PDF · View the filing
Vision 2027 restaurant count — 580 to 630 restaurants · by 2027
stated firmly by Akshay Jatia
p. 10
“we've always committed to this larger number of 580 to 630 restaurants in our Vision 2027.”
Akshay Jatia, page 10 of the filed PDF · View the filing
Ind AS EBITDA margin — 13% to 15% · Vision 2027
stated as an aspiration by Akshay Jatia
p. 15
“I think we’re talking about roughly this 7.5% or 7.8% that you mentioned going to around 13% to 15%.”
Akshay Jatia, page 15 of the filed PDF · View the filing
Sales — INR 3,000 odd crores · next year
stated as an aspiration by Akshay Jatia
p. 15
“In terms of Vision 2027, the journey is for us to balance comp sales as well as new store additions over the next year and first cross say INR3,000 odd crores in sales.”
Akshay Jatia, page 15 of the filed PDF · View the filing
Toys reintroduction for Happy Meals — nine months to one year
stated as an aspiration by Saurabh Kalra
p. 13
“We foresee that by next year, it will still take almost nine months to one year is in our judgment to be able to bring toys back.”
Saurabh Kalra, page 13 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management declined to strip out specific factors and said the reported 1.5% reflects the true underlying performance.
Answered by Saurabh Kalra
Asked by Devanshu Bansal: What was the normalized SSG for the quarter given supply disruptions and Navratri timing?
p. 7
“So, what we would like to believe is if we take the same store bucket, what has it done this year? This is the number which comes out.”
Saurabh Kalra, page 7 of the filed PDF · View the filing
Favorable inflation last year plus internal cost/supply chain initiatives drove margin gains beyond inflation mitigation.
Answered by Saurabh Kalra
Asked by Percy Panthaki: What drove the strong gross margin expansion?
p. 9
“we have got supply chain initiatives and we did a cost project internally, which has worked out quite well for us and we've been able to save some amount of gross margin which was able to not only mitigate inflation but also give us saving beyond that, which is what you see.”
Saurabh Kalra, page 9 of the filed PDF · View the filing
Rolled out the everyday value platform across most of South India, with Chennai being tested and now being expanded.
Answered by Saurabh Kalra
Asked by Percy Panthaki: What initiatives improved South India performance?
p. 10
“Except Chennai pretty much everywhere we're doing everyday value platform.”
Saurabh Kalra, page 10 of the filed PDF · View the filing
Confidence from average unit volume momentum and market penetration opportunity supports the higher opening target.
Answered by Akshay Jatia
Asked by Krishnan Sambamoorthy: What is the rationale for raising the store opening guidance to 60 plus?
p. 10
“we do feel that in our region there’s a lot of opportunity for penetration.”
Akshay Jatia, page 10 of the filed PDF · View the filing
Closures are part of routine portfolio management due to redundant or commercially unviable locations, not concentrated in the South.
Answered by Akshay Jatia
Asked by Krishnan Sambamoorthy: What is driving store closures and will they continue?
p. 11
“across 500 odd locations there will be locations that either become redundant or are no longer commercially viable and actually it's best for the network that you optimize.”
Akshay Jatia, page 11 of the filed PDF · View the filing
Toys are expected back within nine months to a year as BIS-certified supply chain is developed; books remain the current giveaway.
Answered by Saurabh Kalra
Asked by Rishi Mody: Will toys return to Happy Meals given the BIS issue and global shift to books?
p. 13
“We were also working parallelly for Indian vendors to get BIS approved.”
Saurabh Kalra, page 13 of the filed PDF · View the filing
Yes, the guidance reflects current market inflation pressures balanced against cost optimization programs.
Answered by Shardul Doshi
Asked by Gaurav Jogani: Is the near-term gross margin guidance of 67% plus driven by caution on inflation?
p. 14
“it is in line with the inflation which we are seeing currently in the market.”
Shardul Doshi, page 14 of the filed PDF · View the filing
Management said the guidance remains intact regardless, viewing volatility as manageable and even an opportunity.
Answered by Saurabh Kalra
Asked by Tejas Shah: Is the FY27 store expansion guidance built assuming the current raw material/LPG crisis persists for six months?
p. 16
“I believe this volatility is also a friend of businesses.”
Saurabh Kalra, page 16 of the filed PDF · View the filing
Management said they intend to remain disciplined on further margin dilution from value/product mix.
Answered by Saurabh Kalra
Asked by Saurabh Kundan: Will the gap between SSSG and guest count growth widen or contract going forward?
p. 17
“we will remain disciplined around whatever we have done and not giving up any further margin than this as far as the product mix is concerned.”
Saurabh Kalra, page 17 of the filed PDF · View the filing
Risks flagged
LPG unavailability disrupting restaurant operations
p. 7
“10% of our stores were impacted pretty much from 10th of March onwards.”
Saurabh Kalra, page 7 of the filed PDF · View the filing
Commodity inflation, particularly cocoa and coffee
p. 6
“FY26 witnessed continued inflationary pressures across key commodities, notably cocoa and coffee.”
Saurabh Kalra, page 6 of the filed PDF · View the filing
Restaurants operating on limited menu due to LPG situation
p. 6
“All our restaurants are operational with less than 10% of the restaurants operating on limited menu.”
Saurabh Kalra, page 6 of the filed PDF · View the filing
Toy supply disruption due to BIS regulatory issue
p. 12
“there was a BIS issue and government has also opened up a few countries now.”
Saurabh Kalra, page 12 of the filed PDF · View the filing
Geopolitical situation adding pressure on suppliers and inflation
p. 14
“There is of course lot of pressure which is there on the suppliers too with the geopolitical situation, so there'll be some inflation.”
Shardul Doshi, page 14 of the filed PDF · View the filing
Store closures due to portfolio issues such as mall closures and highway accessibility changes
p. 11
“Some of the places there is a new highway which comes up and all of a sudden accessibility is blocked.”
Saurabh Kalra, page 11 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.