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Westlife Foodworld climbs after listing on NSE
05-Jun-23   14:22 Hrs IST

The company was previously only permitted to trade but is now listed on both the NSE and Bombay Stock Exchange (BSE).

The company said that being listed on a major stock exchange such as the NSE will provide greater visibility to the company and its shares, a high level of compliance on both exchanges, besides making it easier for investors to trade in the stock.

Westlife Foodworld focuses on setting up and operating Quick Service Restaurants (QSR) in India through its subsidiary Hardcastle Restaurants (HRPL). The company operates a chain of McDonald's restaurants in West and South India, having a master franchisee relationship with McDonald's Corporation USA, through the latter's subsidiary.

The company recently announced its 5-year plans under the aegis Vision 2027 to expand the footprints of McDonald's in West and South India.

The company's reported 31.14% jump in consolidated net profit of Rs 20.09 crore on 22.26% rise in total income to Rs 556.37 crore in Q4 FY23 over Q4 FY22.

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