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Westlife Development Limited, through its subsidiary Hardcastle Restaurants Pvt. Ltd., operates McDonald's restaurants in Western and Southern India as a master franchisee. The company focuses on establishing and running Quick Service Restaurants (QSRs) under the McDonald's brand. It offers a variety of menu items including burgers, chicken, desserts, beverages, and breakfast options. The company has expanded its services to include McCafe, McDelivery, and McBreakfast. As of the most recent fiscal year, Westlife Development Limited operated 357 restaurants and 311 McCafes across 64 cities in multiple states including Telangana, Gujarat, Karnataka, Maharashtra, Tamil Nadu, Kerala, Chhattisgarh, Andhra Pradesh, Goa, parts of Madhya Pradesh, and the Union Territory of Puducherry. The company serves approximately 200 million customers annually.
The Quarter story
The two most recent quarterly results, compared side-by-side.
Revenue and store network expand steadily, but rising food and wage costs pressure restaurant margins.
Revenue grows from ₹6,419 Cr in Q2 FY26 to ₹7,356.4 Cr in Q1 FY27, supported by a same-store sales rebound from -3.2% to 4.3%.
Restaurant operating margin falls from 22.1% in Q3 FY26 to 18.6% in Q1 FY27, squeezing store-level profitability.
City count expands from 71 in Q1 FY26 to 79 in Q1 FY27, backing a steady rise in total restaurants to 482.
Food & paper costs spike from ₹1,771.4 Cr in Q2 FY26 to ₹2,386.7 Cr in Q1 FY27, weighing on gross margins.
Drive-thru penetration rises from 24% in Q2 FY26 to 26% in Q1 FY27, while McCafé and digital experience penetration both hold at 100%.
Payroll & benefits rise from ₹670.5 Cr in Q1 FY26 to ₹750.1 Cr in Q1 FY27, adding persistent wage pressure.
General & admin expenses fall from ₹495.8 Cr in Q3 FY26 to ₹426.4 Cr in Q1 FY27, reflecting tight overhead control.
New stores opened drop from 21 in Q4 FY26 to 5 in Q1 FY27, signaling a cautious rollout pace.
Gross profit jumps from ₹4,463.6 Cr in Q4 FY26 to ₹4,969.7 Cr in Q1 FY27, signaling strong top-line recovery.
Profit after tax falls from ₹275.4 Cr in Q2 FY26 to ₹5.9 Cr in Q1 FY27, highlighting volatile bottom-line results.