Westlife Foodworld Q1 Revenue Rises 6.7% as Net Profit Plunges

Higher expenses reduced net profit despite a slight improvement in operating margins.

Overview

Consolidated revenue for April–June climbed to Rs 658 crore, up 6.7% from a year earlier.
EBITDA increased 8.5% to Rs 85.3 crore, lifting margins to 13% from 12.8%.
Total expenses rose 7.43% to Rs 662.8 crore, driving net profit down 62.5% to Rs 1.22 crore.
The board approved an interim dividend of 75 paise per share following the quarterly results.
Shares traded over 1% higher and Yes Securities cut its rating to Add, citing limited upside after the recent rally.