Westlife Foodworld Ltd, which operates McDonald’s outlets in West and South India, reported a sharp jump in net profit at ₹28 crore for the September quarter, compared to ₹36 lakh in the same period last year.The bottom line was boosted by an exceptional gain of ₹58 crore during the quarter, against none in the year-ago period.
Revenue rose 4% year-on-year to ₹642 crore from ₹618 crore, supported by steady same-store growth and new restaurant additions.
However, operating performance softened, with EBITDA falling 11% to ₹67.3 crore from ₹75.8 crore a year earlier. EBITDA margin declined to 10.5% from 12.3% in the corresponding quarter.
