Westlife Foodworld (WESTLIFE IN) – Q3FY26 Result Update – Sustenance of green shoots key to re-rating – HOLD
Published on 04 Feb 2026
WFL remains focused on long-term growth drivers, including 1) product innovation across burgers, chicken and coffee-led combos, including McSaver meals, 2) store expansion with guidance of 580–630 stores by CY27 (45–50 additions in FY26). WFL trades at 18.8x FY28 Pre-Ind AS EV/EBITDA. WFL has seen a fall of ~50% from peak given tepid demand from last couple of years. We believe risk reward is favorable, in case the recovery in demand sustains. Maintain Hold with DCF-based target price to Rs552 (earlier Rs579).
