Westlife Foodworld CFO Hrushit Shah Resigns, Citing Family Relocation

Westlife Foodworld , the company that owns and operates McDonald's restaurants in West and South India, has announced a significant change in its leadership team. Hrushit Shah, the Chief Financial Officer (CFO) of Westlife Foodworld and its subsidiary, has resigned from his position, effective November 4, 2025.

Reason for Resignation

According to the company's regulatory filing, Shah's decision to step down is driven by his plans to relocate overseas to be with his family. This move underscores the growing trend of executives prioritizing work-life balance and family considerations in their career decisions.

Transition Period and Responsibilities

In his resignation letter dated July 1, 2025, Shah expressed gratitude for the support he received during his tenure at Westlife Foodworld. Demonstrating his commitment to a smooth transition, he has pledged to complete all statutory duties necessary for the half-year end closure before his departure on November 4, 2025.

Corporate Governance and Disclosure

In compliance with regulatory requirements, Westlife Foodworld has promptly informed the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) about this change in Key Managerial Personnel. This transparency aligns with the company's commitment to good corporate governance practices.

Company's Current Position

While the CFO's resignation is a significant development, it's worth noting Westlife Foodworld's recent financial performance. As of September 30, 2025, the company reported:

Metric	Value	YoY Change
Revenue	₹6.42 billion	+3.8%
Operating EBITDA	₹759 million	-4.1%
Operating EBITDA Margin	11.8%	-
Cash PAT	₹809 million	+78.5%
Cash PAT Margin	12.6%	-

The company also maintains a strong presence with 450 restaurants across 72 cities, adding 8 new outlets in the last quarter.

Looking Ahead

As Westlife Foodworld prepares for this transition in its financial leadership, the company's focus remains on its expansion plans and operational excellence. The search for Shah's successor will be a key priority for the company in the coming months to ensure continuity in its financial strategy and operations.

This development comes at a time when the company is navigating a challenging operating environment, with industry-wide out-of-home food consumption frequency declining. However, Westlife Foodworld's recent financial results demonstrate its resilience and ability to maintain growth despite market headwinds.

The company's board and management team are expected to work closely to ensure a smooth transition as they continue to pursue their Vision 2027 goals, which include expanding to 580-630 restaurants by the end of 2027.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.42%	+2.98%	-0.80%	-12.32%	-25.23%	+33.43%

Westlife Foodworld , a prominent player in the Indian quick-service restaurant industry, has released its financial results for the quarter and half year ended September 30, 2025, revealing a mixed performance with notable revenue growth and exceptional gains.

Financial Highlights

Revenue Growth

Q2 FY26 revenue from operations: ₹657.82 crores (up 7.5% from ₹611.80 crores in Q2 FY25)
H1 FY26 revenue: ₹1,275.76 crores (up from ₹1,245.82 crores in H1 FY25)

Profit Increase

Q2 FY26 profit after tax: ₹21.55 crores (up from ₹12.78 crores in Q2 FY25)
H1 FY26 profit after tax: ₹36.72 crores (up from ₹29.69 crores in H1 FY25)

Earnings Per Share

Q2 FY26 basic EPS: ₹1.86 (improved from ₹1.10 in Q2 FY25)

Exceptional Items

The company's results included two significant exceptional items:

A gain of ₹81.66 crores from a redevelopment transaction involving one of its owned store properties.
An impairment of investment of ₹36.07 crores by its subsidiary HRPL (Hardcastle Restaurants Private Limited).

Operational Overview

Westlife Foodworld operates McDonald's restaurants across Western and Southern India through its subsidiary Hardcastle Restaurants Private Limited. The company's performance reflects its ability to grow in a competitive quick-service restaurant market.

Looking Ahead

While Westlife Foodworld has demonstrated revenue growth and increased profitability, the impact of exceptional items on the overall results is significant. The company's ability to maintain this growth trajectory and manage its operational efficiency will be crucial for its future performance.

Investors and analysts may closely monitor how Westlife Foodworld capitalizes on its market position and addresses challenges in the coming quarters, particularly in light of the dynamic quick-service restaurant market in India.

As the company moves forward, its focus on expanding its restaurant network, enhancing customer experience, and optimizing operational metrics may be key to sustaining its financial health and market position.