Menu
BW CFO World
Community for Finance Professionals, Consultants and allied businesses
  • Home
  • News
  • Videos
  • Articles
    • Credit & Capital
    • Economic Trends
    • Financial Compliance
    • Financial Leadership
    • Financial Management
    • Financial Reporting
    • Financial Strategy
    • Risk Management
    • Taxation
  • Featured
  • Nominate for Awards
Close Menu
economy
December 2, 2022

Westlife Foodworld Eyes Threefold Jump In Sales To Rs 4,500 Cr By 2027

Urvi Srivastava Financial Reporting

The company is also planning to open around 300 new McDonald’s restaurants over the next five years, out of which 60 per cent of the new stores will come up in the southern region and the remaining in the western zone, the company said in its ‘Vision 2027

Westlife Foodworld, the master franchisee of McDonald’s restaurants for West and South India, is eyeing almost three-fold jump in sales up to Rs 4,500 crore in the next five years by 2027. 

The company is also planning to open around 300 new McDonald’s restaurants over the next five years, out of which 60 per cent of the new stores will come up in the southern region and the remaining in the western zone, the company said in its ‘Vision 2027’.

Westlife Foodworld’s subsidiary Hardcastle Restaurants operates 337 McDonald’s restaurants (as of September 30, 2022). The company has already commenced the work on the next 200 stores.

Westlife Foodworld Executive Director Akshay Jatia said that vision 2027 is a strategic guidance for our road ahead. “On the back of adding around 300 restaurants by 2027, our sales will be doubled to Rs 40-45 billion in the next five years. Besides network expansion, omnichannel approach, cost optimisation, menu management and capital efficiency would also be the key growth drivers.” 

Westlife-operated restaurants had sales of Rs 1,556.08 crore for the year ended March 31, 2022. As per its omnichannel strategy, Westlife will integrate various channels and touchpoints to a One McDonalds platform in order to provide consumers a seamless experience, according to its ‘Vision 2027’ document.

Hardcastle Restaurants has been McDonald’s franchisee in the region since its India entry in 1996.

Avatar

Urvi Shrivastav

→ Urvi Shrivastav

BVC Appoints Vipin Tokas as Chief Operating Officer GST Collections Up By 11% Y-O-Y To At Rs 1.45 Lakh Cr In November

Related Posts

Sridhar Kalyanasundaram

Financial Reporting

‘Unethical Conduct’:  Independent  Director  Of  Dhanlaxmi  Bank  Quits  Board

steel

Financial Reporting

Tata Steel, UK Govt Sign £1.25 Bn Investment Deal

Financial Reporting

SBI General Insurance appoints Jitendra Attra as its new CFO

Selected Stories

  • Anton HexawireHexaware Appoints Anton Tomchenko as Chief Revenue & Solutions Officer

    Read more

  • GDPS&P Global Retains India’s Growth At 6% For FY23-24

    Read more

  • Rapti BugasuraBugasura Appoints Rapti Gupta as Co-founder CMO

    Read more

  • Sanjeev Mantri ICICIICICI Lombard Appoints Sanjeev Mantri As New MD & CEO

    Read more

  • X TWITTERX’s India, South Asia Policy Head Resigns Ahead Of Elections

    Read more

Movements

  • Anton HexawireHexaware Appoints Anton Tomchenko as Chief Revenue & Solutions Officer
  • Rapti BugasuraBugasura Appoints Rapti Gupta as Co-founder CMO
  • Sanjeev Mantri ICICIICICI Lombard Appoints Sanjeev Mantri As New MD & CEO
  • X TWITTERX’s India, South Asia Policy Head Resigns Ahead Of Elections
  • bhargav dasgupta 1ADB Appoints Bhargav Dasgupta As Vice-president

Categories

  • Accounting
  • CFO Stance
  • Credit & Capital
  • Economic Trends
  • Economy
  • Featured
  • Financial Compliance
  • Financial Leadership
  • Financial Management
  • Financial Reporting
  • Financial Strategy
  • Financial Technologies
  • Global News
  • Interview
  • Movements
  • Risk Management
  • Taxation

Recent Comments

    Back To Top
    BW CFO World
    • Home
    • News
    • Videos
    • Articles
      • Credit & Capital
      • Economic Trends
      • Financial Compliance
      • Financial Leadership
      • Financial Management
      • Financial Reporting
      • Financial Strategy
      • Risk Management
      • Taxation
    • Featured
    • Nominate for Awards
    © Copyright BW BUSINESSWORLD 2018. All Rights Reserved.