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Nirmal Bang Report
We recently hosted Chintan Jajal – Lead of Investor Relations at Westlife Foodworld Ltd. at our estimate Virtual Investor Conference to get an overview of the current business environment and the company's future plans.
The macro environment continues to remain subdued for discretionary spends. However, some stability has been seen after the sequential decline earlier, indicating that a bottom could be near.
H2 FY25 is expected to be better in terms of same store sales growth.
We have a “Buy” rating on Westlife Foodworld with a target price of Rs 965, implying an upside of 20% from the current market price.
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