- Westlife Development, which indirectly owns the McDonald's franchise through Hardcastle Restaurants, reported the best
same store sales growth (SSSG) in three quarters. - While the growth rate is higher, the SSSG is still not at par with the growth during the same quarter, last year.
- The company's profit also more than doubled in Q2 FY20.
Westlife Development which indirectly owns the master franchisee of McDonald’s in West and South India posted a yearly revenue growth of 13.3% at ₹3,965.3 million.
Profit more than doubled to ₹129.1 million compared to a year earlier.
Same store sales growth (SSSG) for Westlife Development continued its upward trajectory, increasing by 7% — which is the best in three quarters — but still significantly lower than the 25% growth clocked the same time last year.
Same store sales means the revenue from outlets that have been open for at least a year.