Westlife Foodworld, the franchisee of McDonald’s in India, has stated in a BSE filing that it has plans to expand its restaurant chain by opening 580-630 new locations by 2027.
During the fourth quarter (Q4) of FY23, Westlife opened 18 new restaurants and is now planning to accelerate its expansion by adding 40-45 more restaurants in FY24.
According to a regulatory filing, Westlife had a total of 357 restaurants across 56 cities, including 311 McCafés, 220 Experience of the Future (EOTF) restaurants, and 68 Drive-Thrus as of March 2023.
Amit Jatia, Vice-Chairman of the company said, “FY 23 was a landmark year for Westlife Foodworld. Our strong performance, delivered by our omnichannel strategy, menu innovations, store modernization, and cost optimization strategies, is a testament to our scale and agility.”
According to Jatia, the company is currently experiencing a robust growth trajectory and intends to leverage its competitive strengths to maintain its business advantage going forward.
In the previous fiscal year, Westlife bolstered its menu offerings with a focus on big burger innovations, introducing new items such as the chicken big mac and cheesy nuggets.