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As On 06-Jun-2023 EOD, Market Closed
SENSEX
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  • Westlife Foodworld jumps as arm to pay 4.5% royalty to McDonalds

    Westlife Foodworld rose 2.81% to Rs 687.30 after the company informed that the royalty payable by its subsidiary to McDonald's for FY24 will be 4.5%.

    Westlife Foodworld, formerly known as Westlife Development Ltd (WDL), focuses on setting up and operating Quick Service Restaurants (QSR) in India through its subsidiary Hardcastle Restaurants Pvt. Ltd. (HRPL). HRPL owns & operates McDonald's restaurants across West and South India. It has a master franchisee relationship with McDonald's Corporation USA and has been the custodian of the brand since its inception in 1996. As on December 2022, HRPL operated 341 McDonald's restaurants across 52 cities in the states of Telangana, Gujarat, Karnataka, Maharashtra, Tamil Nadu, Kerala, Chhattisgarh, Andhra Pradesh, Goa and parts of Madhya Pradesh and Union Territory of Puducherry and provides direct employment to close to 10,000 employees. Westlife Foodworld's net profit increased by 75% to Rs 36.35 crore in Q3 FY23 from Rs 20.82 crore in Q3 FY22. Total revenues rose by 28.2% YoY to Rs 611.46 crore during the quarter.



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Flash News 06-Jun-2023
  •  ( 17:15) IKIO Lighting IPO subscribed 1.55 times  
  •  ( 15:55) Barometers end near flat line, Nifty settles around 18,600  
  •  ( 15:17) Pirmal Pharma unit appoints Jeffrey Hampton as president, COO  
  •  ( 14:45) Nifty below 18,600; realty stocks advance  
  •  ( 13:45) Broader market outperform  
  •  ( 13:33) European markets trade mixed  
  •  ( 13:19) Kirloskar Ferrous announces temporary suspension of operations at Koppal plant  
  •  ( 12:36) Nifty slides below 18,550; media shares decline; VIX jumps over 3%  
  •  ( 11:39) L&T arm bags significant orders for its B&F business  
  •  ( 11:36) Nifty below 18,600, auto shares in demand  
  •  ( 11:19) NTPC declares commercial operations of second part of Gandhar Solar PV Project  
  •  ( 10:55) Veranda Learning's subsidiary partners with Talent Academy & Publications  
  •  ( 10:53) Nelco inks pact to acquire stake in Piscis Networks  
  •  ( 10:34) Sensex slides 117 pts, IT stocks under pressure  
  •  ( 10:33) SBI board to mull fund raising on June 9  
  •  ( 10:19) JK Cement inks pact to acquire 100% stake in Toshali Cement  
  •  ( 09:51) Godrej Consumer board approves appointment of Aasif Malbari as CFO  
  •  ( 09:51) Indoco Remedies acquires 85% stake US-based FPP Holding Company  
  •  ( 09:45) IEX total volume rises 8%YoY to 8,251 MU in May  
  •  ( 09:33) Indices trade near flat line, Nifty around 18,600 level  
  •  ( 09:00) RateGain says Cem Air selects AirGain for pricing solution  
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06 June 2023 00:00
3212.20
(0.41 %)
968.90
(1.90 %)
7116.35
(1.09 %)
1475.00
(1.12 %)
829.20
(-0.61 %)
2639.10
(-0.16 %)
1128.95
(-0.82 %)
1600.30
(-0.26 %)
2690.05
(-0.24 %)
942.25
(-0.53 %)
1305.65
(0.37 %)
1279.10
(-1.98 %)
442.75
(0.48 %)
1960.90
(1.88 %)
2277.40
(0.36 %)
1410.70
(1.14 %)
9731.85
(1.57 %)
21701.30
(-0.60 %)
175.30
(0.66 %)
235.40
(-0.04 %)
2480.25
(0.14 %)
585.30
(-0.29 %)
1013.55
(0.38 %)
555.65
(1.68 %)
109.00
(-0.32 %)
3234.15
(-1.69 %)
1085.90
(-2.11 %)
2881.15
(0.92 %)
8103.85
(2.93 %)
399.90
(-1.09 %)
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