Westlife Foodworld Ltd – Hardcastle Restaurants Recommends Record Final Dividend of ₹165 Per Share

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Westlife Foodworld Ltd, the master franchisee for McDonald’s restaurants in West and South India through its subsidiary Hardcastle Restaurants Pvt Ltd, has announced a significant final dividend of ₹165 per share for its shareholders. This marks a major move in rewarding investor confidence and underscores the company’s robust financial performance.

Key Highlights:

Record Dividend Announcement: Hardcastle Restaurants, operating under Westlife Foodworld Ltd, has recommended a final dividend of ₹165 per share, reflecting a substantial payout compared to previous years.
Strong Financial Performance: The company has delivered a compounded annual profit growth of 33% over the last five years and maintained a healthy dividend payout ratio of over 40%. For FY24, the company reported consolidated sales of ₹2,392 crore and a net profit of ₹69 crore, with a dividend payout ratio reaching 78%.
Market Position: Westlife Foodworld operates 319 McDonald’s restaurants and 223 McCafé outlets, employing close to 10,000 people across West and South India. The company’s market capitalization stands at over ₹10,000 crore, with a current share price around ₹666.
Dividend Yield: The recommended dividend significantly boosts the company’s dividend yield, which has historically hovered around 0.5%.
Shareholder Value: The move is expected to enhance shareholder value and reflects management’s confidence in the company’s growth trajectory and cash flow strength.
Industry Standing: Westlife Foodworld remains a leading player in the quick service restaurant sector, with a consistent track record of growth and expansion.

This bold dividend declaration positions Westlife Foodworld Ltd as a standout performer in the Indian QSR space, rewarding its investors while signaling strong future prospects.

Source: Screener.in, INDmoney