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Westlife Foodworld share price: Fast food restaurant holding company Westlife Foodworld shares rose as much as 2.74 per cent to hit an intraday high of Rs 727.30 per share, on Wednesday, March 19, 2025.
The rise in the Westlife Foodworld came after company elevated Akshay Jatia, presently executive director (whole-time director) as chief executive officer (CEO) of the company, in place of Amit Jatia, who shall cease to be such KMP, with effect from the close of business hours on Tuesday, March 18, 2025.
In an exchange filing, Westlife Foodworld said, “We hereby intimate that Akshay Jatia, presently executive director (whole-time director) of the company has been elevated also as Key Managerial Personnel (KMP) i.e. chief executive officer (CEO) of the Company, in place and stead of Amit Jatia, who shall cease to be such KMP, with effect from the close of business hours on Tuesday, March 18, 2025.”
Furthermore, the company clarified that both Amit Jatia and Akshay Jatia will continue as Directors on the Board of Directors of the Company, and that there is no change in the composition of the Board of Directors of the Company i.e. Westlife Foodworld Limited, and further that there is no change in the composition of the Board of Directors of the subsidiary of the Company, Hardcastle Restaurants Private Limited, of which subsidiary Saurabh Kalra continues to be the managing director.
Financially, Westlife Foodworld, the operator of McDonald's in India, reported a 59 per cent drop in Q3FY25 profit, as cost-conscious consumers cut back on discretionary spending amid still-high food prices. Its consolidated profit after tax stood at a little over Rs 7 crore for Q3FY25, from Rs 17.3 crore a year ago.
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About Westlife Foodworld
Westlife Foodworld, previously known as Westlife Development Ltd (WDL), specialises in the establishment and operation of Quick Service Restaurants (QSR) in India through its subsidiary, Hardcastle Restaurants Pvt. Ltd. (HRPL). The company operates a chain of McDonald's restaurants across West and South India, holding a master franchise agreement with McDonald’s Corporation USA via its subsidiary.
Since 1996, HRPL has been the franchisee for McDonald’s in these regions, managing the rights to own and operate McDonald’s outlets in the West and South markets of India.
HRPL serves over 200 million customers annually across 421 McDonald’s restaurants, located in 67 cities throughout Telangana, Gujarat, Karnataka, Maharashtra, Tamil Nadu, Kerala, Chhattisgarh, Andhra Pradesh, Goa, parts of Madhya Pradesh, and the Union Territory of Puducherry.
The company also provides direct employment to over 10,000 individuals. McDonald's in India operates in various formats and brand extensions, including standalone restaurants, drive-thrus, McCafe, 24x7 locations, McDelivery, McBreakfast, and dessert kiosks.
The market capitalisation of Westlife Foodworld is Rs 11,264.05 crore, according to BSE.
At 12:01 PM, Westlife Foodworld shares were trading 2.04 per cent higher at Rs 722.35 per share. In comparison, BSE Sensex was trading 0.22 per cent higher at 75,463.56 levels.
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