Goldman Sachs has upgraded Westlife FoodWorld to a ‘Buy’ rating with a target price of ₹1,075, implying a potential upside from its current market price of ₹879.90. The upgrade is largely driven by the launch of McDonald’s new McCrispy platform, which is seen as a key catalyst for recovery. This marks the first major addition to McDonald’s core burger category in over a decade, following the introduction of McSpicy in 2011.
The new menu additions include two premium burgers—McCrispy Chicken Burger and Crispy Veggie Burger—in the South and West regions, along with Crispy Fried Chicken in the South. These items are priced at the top end of the menu, which could positively impact the company’s margins.
Goldman Sachs believes McDonald’s global focus on expanding its chicken category will benefit Westlife and expects same-store sales growth (SSSG) to recover in the second half of FY25, helped by a soft base. The firm forecasts high single-digit SSSG from FY26 onward, signaling a positive outlook for Westlife’s growth trajectory.
