Westlife FoodWorld Q2 Review: Dolat Capital Upgrades To 'Add' On Attractive Valuations— Check New Target Price

Westlife FoodWorld reaffirmed its plan to expand the store network to 580-630 outlets by CY27, from 450 stores currently across 72 cities. The company remains on track to add 45-50 stores annually, with a focus on South India, smaller towns, and drive-thru formats..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Westlife FoodWorld Ltd.’s Q2FY26 Revenue was in line, while Ebitda and APAT came below our estimate. Amid a challenging environment, Westlife FoodWorld reported a 2.8% same-store sales growth decline (vs 6.5% drop in Q2 FY25), while revenue grew 3.9% YoY driven by affordability initiatives and store additions. Encouragingly, SSSG showed MoM improvement in October.The on-premise revenue grew by 5%, while off-premise business performance remained stable in Q2. The average annualized sales per store decreased by 2.4% YoY on TTM basis and stood at Rs 61.5 million.We have downward revised our FY26/27E Ebitda estimate by 4.0/3.4% to factor in Q2 performance and challenging demand environment. We have also introduced FY28E Ebitda estimates. We believe that demand would improve gradually from here on, supported by favorable base. Valuing the stock at 21x FY28E EV/Ebitda, we arrive at a target price of Rs 666 (earlier Rs 793). Considering sharp correction in stock price since our last report, we upgrade to ‘Accumulate’ rating..Click on the attachment to read the full report:.Gland Pharma Q2 Review — Motilal Oswal Hikes Target Price Post Inline Revenue; Maintains 'Buy'.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Westlife FoodWorld Q2 Review: Dolat Capital Upgrades To 'Add' On Attractive Valuations— Check New Target Price

Considering sharp correction in stock price, Dolat Capital upgrades Westlife FoodWorld to ‘Accumulate’ rating.

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