Westlife’s sales growth not satiating but expansion engines in place
Westlife Foodworld Ltd shares have plunged 12% since the end of last week after announcing poor same-store sales growth (SSSG) of just 1% for the September quarter (Q2FY24). This is the fifth consecutive quarter of decline in the measure. A high base and weak consumer sentiment as well as elevated levels of inflation played a major role. Accordingly, net income increased by 7% year on year ₹615 crores.
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