WESTLIFE FOODWORLD LIMITED
NSE: WESTLIFERestaurants
Share price
₹577.20
-1.57% close of 8 Oct 2026
Business score
How strong the business is, in one number. The parts behind it are in Pro.
35
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹8,947 Cr
P/E ratio
—
P/B ratio
14.5
ROCE
6.3%
ROE
-3.8%
Dividend yield
0.1%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Our sales figures for this company step up at Jun 2012 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.
Whether it grew faster than its sector
Our sales figures for this company step up at Jun 2012 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.
Room to re-rate, or risk of de-rating
It has no earnings, so there is no price-to-earnings to compare.
Whether growth justifies the valuation
It has no earnings to weigh the price against.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| WESTLIFE FOODWORLD LIMITED — this one | -64%/yr | — | — |
| Jubilant Foodworks Limited | 8%/yr | 74.1× | ₹9.3 |
| Travel Food Services Limited | 23%/yr | 32.3× | ₹1.4 |
| Devyani International Limited | — | — | — |
| Restaurant Brands Asia Limited | 5%/yr | — | — |
| Sapphire Foods India Limited | — | — | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Restaurants), it ranks 4 of 9 on returns, 1 of 9 on growth, 7 of 9 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 6.3% on capital, ahead of 56% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the last five years it made ₹1557 crore of cash from the business, spent ₹1041 crore on plant and equipment, and returned ₹620 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 2035 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back more slowly than it used to: it went from being paid 277 days before it paid its own suppliers to paid 271 days before it paid its own suppliers.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
8 of 9 checks clear · 89%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 30 Jul 2026 · Consolidated · Unaudited
Revenue
₹736 Cr
Revenue vs last year
+11.9%
Revenue vs last quarter
+12.2%
Net profit
₹1 Cr
Profit vs last year
-52.3%
Profit vs last quarter
-75.3%
Net margin
0.1%
EPS
₹0.04
Earnings call transcript · 30 Jul 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹8,947 Cr
- Prev close
- ₹577.20
- 52w High
- ₹676
- 52w Low
- ₹398
- Enterprise value
- ₹10,735 Cr
- Beta
- 0.6
- Price CAGR 1y
- -12.0%
- Price CAGR 3y
- -14.0%
- Price CAGR 5y
- 1.0%
- Price CAGR 10y
- 11.0%
Ratios
- Return on assets
- 1.1%
- PEG ratio
- -26.2
- P/E ratio
- —
- P/B ratio
- 14.5
- EV / EBITDA
- 31.2
- Industry P/E
- 53.4
- ROCE
- 6.3%
- ROCE 5y average
- 8.8%
- ROE
- -3.8%
- Debt / Equity
- 2.9
- Interest coverage
- 1.3
- Dividend yield
- 0.1%
- ROE 3y average
- 3.0%
- ROE last year
- -4.0%
Annual P&L
- Annual revenue
- ₹2,626 Cr
- Annual profit
- ₹32 Cr
- Operating margin
- 13.0%
- Net profit margin
- 1.2%
- EBITDA margin
- 13.1%
- Sales growth 3y
- 4.9%
- Sales growth 5y
- 21.6%
- Profit growth 3y
- -64.0%
- Profit growth 5y
- 12.0%
- EPS
- ₹2.1
- Sales growth TTM
- 7.0%
- Profit growth TTM
- -187.0%
- Dividend payout
- 36.0%
Quarter P&L
- Sales latest quarter
- ₹736 Cr
- Profit latest quarter
- ₹1 Cr
- YoY quarterly sales growth
- 11.9%
- YoY quarterly profit growth
- -52.0%
- OPM latest quarter
- 12.6%
Balance Sheet
- Book Value
- ₹39.9
- Face Value
- ₹2.0
- Total debt
- ₹1,805 Cr
- Total cash
- ₹17 Cr
- Borrowings
- ₹1,805 Cr
- Reserves / Equity
- 19.0
Cash Flow
- Operating cash flow
- ₹352 Cr
- Free cash flow
- ₹115 Cr
- FCF yield
- -0.3%
- Net cash flow
- -₹42 Cr
Shareholding
- Promoter holding
- 56.4%
- FII holding
- 6.9%
- DII holding
- 28.3%
- Public holding
- 7.8%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Jubilant Food. | 428.50 | 74.1 | 28,274 | 0.26 | 100.0 | 6.1 | 2,569.7 | 13.7 | 14.8 |
| Travel Food | 1,185.00 | 32.8 | 15,608 | 0.87 | 128.8 | 38.1 | 452.2 | 20.6 | 42.4 |
| Devyani Intl. | 123.80 | 15,264 | 0.00 | 17.1 | 277.6 | 1,580.5 | 16.5 | 4.8 | |
| Westlife Food | 582.50 | 9,083 | 0.13 | 0.6 | -52.0 | 735.6 | 11.9 | 6.3 | |
| Sapphire Foods | 206.50 | 2696.3 | 6,637 | 0.00 | 14.0 | 880.0 | 891.0 | 14.7 | 4.0 |
| Restaurant Brand | 92.42 | 6,581 | 0.00 | -33.0 | 32.4 | 822.6 | 17.9 | -0.5 | |
| United Foodbrands | 684.00 | 2,676 | 0.00 | 2.3 | 118.8 | 425.9 | 43.4 | 1.5 | |
| Median | 177.97 | 74.1 | 4,628 | 0.00 | 5.2 | 97.2 | 439.1 | 17.9 | 6.3 |
Competes with: Coffee Day Enterprises Limited, Devyani International Limited, Jubilant Foodworks Limited, Restaurant Brands Asia Limited, Sapphire Foods India Limited, Speciality Restaurants Limited, Travel Food Services Limited, United Foodbrands Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 615 | 615 | 600 | 562 | 616 | 618 | 654 | 603 | 658 | 642 | 671 | 655 | 736 |
| Expenses | 510 | 517 | 508 | 487 | 538 | 542 | 566 | 526 | 572 | 575 | 573 | 568 | 643 |
| Material Cost | 177 | 218 | 209 | 239 | |||||||||
| Change in Inventories | 0 | 0 | 0 | 0 | |||||||||
| Purchases of Stock-in-Trade | 0 | 0 | 0 | 0 | |||||||||
| Employee Cost | 103 | 103 | 99 | 103 | |||||||||
| Other Expenses | 295 | 252 | 260 | 301 | |||||||||
| Operating Profit | 104 | 98 | 92 | 75 | 79 | 76 | 88 | 77 | 85 | 67 | 98 | 87 | 93 |
| OPM % | 17 | 16 | 15 | 13 | 13 | 12 | 13 | 13 | 13 | 10 | 15 | 13 | 13 |
| Other Income | 5.28 | 3.30 | 4.70 | 5.18 | 5.11 | 6.47 | 2.94 | 9.95 | 6.80 | 64 | -2.27 | 6.49 | 6.59 |
| Exceptional items (within Other Income) | 53 | -9.69 | 0 | 0 | |||||||||
| Interest | 26 | 27 | 28 | 28 | 30 | 32 | 33 | 33 | 35 | 36 | 37 | 37 | 39 |
| Depreciation | 43 | 44 | 46 | 50 | 49 | 50 | 52 | 53 | 55 | 57 | 56 | 58 | 60 |
| Profit before tax | 41 | 30 | 23 | 1.96 | 4.52 | 0.71 | 6.49 | 1.33 | 1.66 | 37 | 2.02 | -0.96 | 0.79 |
| Tax % | 29 | 26 | 25 | 61 | 28 | 49 | -8.01 | -14 | 26 | 25 | 49 | -347 | 27 |
| Net Profit | 29 | 22 | 17 | 0.76 | 3.25 | 0.36 | 7.01 | 1.52 | 1.23 | 28 | 1.02 | 2.38 | 0.59 |
| EPS in Rs | 1.85 | 1.43 | 1.11 | 0.05 | 0.21 | 0.02 | 0.45 | 0.10 | 0.08 | 1.78 | 0.07 | 0.15 | 0.04 |
| Diluted EPS in Rs | 1.78 | 0.07 | 0.15 | 0.04 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 764 | 833 | 931 | 1,135 | 1,402 | 1,548 | 986 | 1,576 | 2,278 | 2,392 | 2,491 | 2,626 | 2,704 |
| Expenses | 745 | 786 | 881 | 1,050 | 1,277 | 1,329 | 925 | 1,379 | 1,896 | 2,015 | 2,162 | 2,281 | 2,359 |
| Material Cost | 791 | ||||||||||||
| Change in Inventories | 0 | ||||||||||||
| Purchases of Stock-in-Trade | 0 | ||||||||||||
| Employee Cost | 398 | ||||||||||||
| Other Expenses | 1,100 | ||||||||||||
| Operating Profit | 19 | 48 | 50 | 84 | 125 | 219 | 61 | 197 | 382 | 377 | 329 | 345 | 344 |
| OPM % | 2.50 | 6 | 5 | 7 | 9 | 14 | 6 | 13 | 17 | 16 | 13 | 13 | 13 |
| Other Income | 12 | 28 | 17 | 11 | 8 | -8 | 34 | 20 | 12 | 11 | 15 | 66 | 74 |
| Exceptional items (within Other Income) | 43 | ||||||||||||
| Interest | 10 | 15 | 15 | 15 | 18 | 81 | 85 | 83 | 93 | 110 | 127 | 145 | 149 |
| Depreciation | 50 | 58 | 64 | 67 | 80 | 138 | 140 | 136 | 152 | 182 | 204 | 226 | 231 |
| Profit before tax | -29 | 3 | -12 | 13 | 35 | -9 | -129 | -2 | 149 | 96 | 13 | 40 | 39 |
| Tax % | 0 | 8 | 0 | 0 | 39 | -16 | -23 | -19 | 25 | 28 | 7 | 18 | |
| Net Profit | -29 | 3 | -12 | 13 | 21 | -7 | -99 | -2 | 112 | 69 | 12 | 32 | 32 |
| EPS in Rs | -1.87 | 0.18 | -0.78 | 0.83 | 1.37 | -0.47 | -6.38 | -0.11 | 7.16 | 4.44 | 0.78 | 2.07 | 2.04 |
| Diluted EPS in Rs | 2.07 | ||||||||||||
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 48 | 78 | 96 | 36 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 12%
- 5 years
- 22%
- 3 years
- 5%
- TTM
- 7%
Compounded profit growth
- 10 years
- 0%
- 5 years
- 12%
- 3 years
- -64%
- TTM
- -187%
Stock price CAGR
- 10 years
- 11%
- 5 years
- 1%
- 3 years
- -14%
- 1 year
- -12%
Return on equity
- 10 years
- 2%
- 5 years
- 6%
- 3 years
- 3%
- Last year
- -4%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 502 | 507 | 496 | 511 | 553 | 546 | 450 | 431 | 535 | 557 | 572 | 588 |
| Borrowings | 134 | 150 | 190 | 184 | 234 | 966 | 968 | 1,055 | 1,203 | 1,363 | 1,623 | 1,805 |
| Other Liabilities | 105 | 150 | 162 | 203 | 206 | 220 | 274 | 281 | 330 | 335 | 381 | 406 |
| Minority Interest | 0 | |||||||||||
| Total Liabilities | 773 | 838 | 880 | 929 | 1,024 | 1,763 | 1,724 | 1,798 | 2,099 | 2,286 | 2,608 | 2,830 |
| Fixed Assets | 464 | 502 | 531 | 554 | 595 | 1,409 | 1,284 | 1,362 | 1,623 | 1,817 | 2,051 | 2,252 |
| CWIP | 21 | 18 | 17 | 20 | 28 | 23 | 26 | 36 | 57 | 45 | 26 | 69 |
| Investments | 148 | 156 | 170 | 184 | 204 | 157 | 198 | 150 | 130 | 138 | 159 | 120 |
| Other Assets | 140 | 161 | 162 | 171 | 196 | 175 | 215 | 249 | 289 | 286 | 372 | 390 |
| Total Assets | 773 | 838 | 880 | 929 | 1,024 | 1,763 | 1,724 | 1,798 | 2,099 | 2,286 | 2,608 | 2,830 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 19 | 80 | 66 | 137 | 112 | 200 | 129 | 171 | 349 | 340 | 345 | 352 |
| Cash from Investing Activity | -84 | -80 | -91 | -111 | -145 | -68 | -74 | -56 | -265 | -185 | -221 | -202 |
| Cash from Financing Activity | 61 | -0 | 26 | -22 | 32 | -139 | -45 | -102 | -98 | -149 | -79 | -192 |
| Net Cash Flow | -5 | -1 | 0 | 4 | -1 | -7 | 10 | 12 | -15 | 6 | 45 | -42 |
| Free Cash Flow | -86 | 3 | -25 | 31 | -31 | 74 | 80 | 71 | 79 | 124 | 127 | 115 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 2 | 2 | 2 | 2 | 3 | 1 | 3 | 3 | 2 | 3 | 3 | 2 |
| Inventory Days | 28 | 30 | 30 | 29 | 29 | 28 | 49 | 40 | 38 | 32 | 40 | 32 |
| Days Payable | 65 | 74 | 74 | 93 | 84 | 87 | 194 | 123 | 100 | 104 | 114 | 116 |
| Cash Conversion Cycle | -36 | -42 | -42 | -62 | -52 | -58 | -142 | -80 | -60 | -69 | -72 | -82 |
| Working Capital Days | -91 | -99 | -115 | -106 | -83 | -250 | -418 | -277 | -216 | -231 | -261 | -271 |
| ROCE % | -5 | -1 | -2 | 3 | 6 | 8 | -2 | 5 | 15 | 11 | 7 | 6 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
1,788inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
FY revenue / permanent employees + workers, same basis (calc)
25,07,400inr
2026-03-31
same-store sales growth %
4.30pct
2026-06-30
stores / outlets at period end
482count
2026-06-30
News
News and filings about WESTLIFE FOODWORLD LIMITED. Open one to see why it matters.
30 Sept, 18:30 IST · Company event · medium impact
A promoter-group insider bought Rs 15.34 crore of WESTLIFE FOODWORLD LIMITED
28 Sept, 18:30 IST · Company event · high impact
A promoter-group insider bought Rs 95.38 crore of WESTLIFE FOODWORLD LIMITED
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- LPG cooking gas
- cheese and dairy
- chicken
- coffee beans
- edible / frying oil
- lettuce and vegetables
- paper and packaging
- potatoes / french fries
- wheat buns
Depends on the price of
- Palm Oil
- coffee
- dairy
- lpg_propane_butane
- poultry_and_meat
- wheat
Buys from
- Mrs. Bectors Food Specialities Limited · Burger buns (sole McDonald's India bun supplier since 1996)
- Tasty Bite Eatables Limited · foodservice sauces/gravies/frozen (TFS)
- Venky's (India) Limited · processed chicken
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Consumer Services
- Industry
- Restaurants
- Classification
- Consumer Services › Restaurants
- ISIN
- INE274F01020
News impact
Big market events that reach WESTLIFE FOODWORLD LIMITED, and how the effect spreads.
1 Oct, 12:36 IST · Market event · medium impact
Food Safety Crackdown: Licences Of Swiggy Instamart, Flipkart, Zepto Dark Stores Suspended In Telangana
Telangana shut Swiggy Instamart, Flipkart and Zepto dark stores over rotten food and pests, hurting Swiggy and clouding food stocks while nearby grocers pick up the slack.
Who it hits first
- Telangana food-safety officers suspended the licences of Swiggy Instamart, Flipkart and Zepto dark stores after finding expired food, pest-infested articles and rotting vegetables.
- A dark store is a small warehouse that packs 10-minute grocery deliveries, so a suspended licence means zero sales from that store until it passes re-inspection.
- Swiggy is the only listed name directly hit, since Flipkart and Zepto are unlisted and carry no stock signal.
Who may gain
- Avenue Supermarts, the DMART grocery-store chain, catches weekly baskets diverted from shut dark stores in Telangana neighbourhoods.
- Vishal Mega Mart, the budget grocery and clothing retailer, picks up price-sensitive shoppers avoiding suspended quick-commerce apps.
- No supplier or rider gains — snack makers lose a sales channel and delivery riders lose shifts while stores stay shut.
- Flipkart and Zepto are unlisted, so their share of the pain carries no stock signal here.
Along the supply chain
Downstream
Delivery riders attached to shut dark stores lose shifts and payouts, while shoppers fall back on kirana shops, DMART and Vishal Mega Mart for the weekly basket.
Upstream
Snack and staple suppliers that fed the shut stores — Bikaji Foods (packaged snacks) and KRBL (rice) are named Swiggy suppliers in the graph — lose a Telangana sales channel, though neither has a fundamentals row here so no signal can be written for them.
Where demand moves
Business
Grocery orders that flowed through Instamart, Flipkart and Zepto apps in Telangana reroute to DMART stores, Vishal Mega Mart outlets and kirana shops until licences return.
Capital
Investors mark down quick-commerce exposure on regulatory risk while nudging grocery-retail names up on the diverted demand, keeping food-delivery multiples under watch.
How it spreads across sectors
Consumer Services
Quick-commerce and food-delivery names face licence and headline risk, QSR chains wear mild spillover scrutiny, while store-based grocers absorb the diverted weekly shop.
A pattern seen before
Cascade chain
Pattern name
Crude Oil Cascade
Patterns
- Crude Oil Cascade
Sectors queried
- Cement
- Chemicals
- FMCG
- Power
When it plays out
Immediate
In 1-7 days Swiggy slips on the headline while grocers firm; watch for the re-inspection schedule and any extension to other cities.
Medium term
In 1-6 months the episode fades if licences return fast, but a wider hygiene drive would raise compliance costs across quick commerce.
Short term
In 1-4 weeks QSR and delivery names trade on whether copycat raids appear in other states or the matter stays a Telangana-only cleanup.
30 Sept, 17:51 IST · Market event · medium impact
Cabinet approves 1-10% hike in rabi crops MSPs
The government raised guaranteed prices for winter crops like wheat, so farmers should earn more and village spending may rise, while makers of flour and foods using wheat may pay more.
Who it hits first
- The Union Cabinet (central government's top decision body) raised minimum support prices (guaranteed floor prices the government pays farmers) for winter-sown rabi crops by 1–10%.
- Wheat, the biggest rabi crop, now carries an MSP of Rs 2,610 per quintal (100 kg) against Rs 2,585 last season — about a 1% rise.
- Farmers growing wheat earn a little more per bag sold to the government, while companies that buy wheat pay a little more for it.
Who may gain
- Wheat farmers gain higher guaranteed prices on government purchases, lifting village incomes a notch.
- Rural-facing sellers (foods, staples, farm inputs) benefit as fatter farm cheques support village spending.
- Wheat buyers — biscuit makers, flour millers and restaurant chains — face slightly higher input costs instead of gains.
Along the supply chain
Downstream
Downstream, flour millers, biscuit and noodle makers, and pizza-and-burger chains buy the costlier wheat and choose between absorbing it or raising menu and pack prices.
Upstream
Upstream, farmers and grain handlers supply wheat at the new Rs 2,610 floor; fertilizer and seed sellers may see steadier demand as sowing looks better rewarded.
Where demand moves
Business
Two-way pull: small positive demand as higher farm incomes support rural food and staples volumes, offset by slightly higher wheat costs for millers, bakers and quick-service restaurants.
Capital
No sharp money rotation — a roughly 1% wheat price nudge is too small to re-rate staples or restaurant shares; investors watch margin notes in the next results.
How it spreads across sectors
Consumer Services
Mildly negative: restaurant chains pay more for dough, buns and coatings with no rural-demand offset.
Fast Moving Consumer Goods
Mixed: staples volumes gain from rural incomes while wheat-based margins face a small cost headwind.
Fertilizers
Mildly positive: a better wheat price outlook supports sowing interest and fertilizer demand, though the pack lists no fertilizer makers to size it.
Commodity angle
Commodity
wheat
Move series
wheat
Note
STEP 6.2 fired for wheat (MSP price shock; global wheat at 699.2 US cents/bushel, 1M -9.394%, move used -1.479%), but every dependent row carries null cost weight and null margin bps, so no commodity_impact_bps was copied to any signal.
Shock
price
Unit
US cents/bushel
When it plays out
Immediate
1–7 days: muted share moves; wheat-user margins seen a touch softer, rural-demand hopes a touch firmer.
Medium term
1–6 months: the rabi harvest at the new floor decides actual farm incomes and procurement volumes.
Short term
1–4 weeks: sowing data and management commentary show whether costs pass through to pack and menu prices.
23 Sept, 22:02 IST · Market event · medium impact
Amazon, Instamart, BigBasket, Flipkart, Zepto Face Penal Action Over Happilo Dates, Dhatura Sales
India's food safety body is punishing quick-delivery apps and sellers over risky food listings, hurting Swiggy and dairy maker Milky Mist with fines and checks while offline stores may gain shoppers.
Who it hits first
- India's food safety authority (FSSAI) has named Amazon, Flipkart, Swiggy Instamart, Zepto and BigBasket in penal action over risky food listings.
- The flagged items include Happilo date bites, Milky Mist dairy products and Dhatura (a toxic plant) fruits and seeds.
- Named platforms face fines, delistings and tougher listing checks; among listed firms Swiggy (Instamart's owner) is directly hit.
- Milky Mist, a listed dairy maker whose items were flagged, faces brand and recall risk.
Who may gain
- Avenue Supermarts (DMart): shoppers worried about online food safety may shift to trusted offline stores.
- Bikaji Foods: a rival snack brand could gain shelf space if Happilo listings are pulled, partly offset by sector-wide scrutiny.
- Compliant food brands and testing labs: stricter checks reward clean supply chains.
Along the supply chain
Downstream
Downstream, delivery riders and dark-store operators see fewer orders on delisted items, while shoppers gain safer listings at the cost of narrower choice.
Upstream
Upstream, snack and dairy suppliers to quick commerce, including Bikaji Foods (a pack-listed Swiggy supplier), face extra compliance checks and possible order pauses on flagged lines.
Where demand moves
Business
Grocery demand may leak from quick-commerce apps toward offline stores and compliant sellers while flagged listings are delisted and checks tighten.
Capital
Capital is likely to shun the directly named platforms and the flagged dairy brand short-term, favouring profitable offline retail and unaffected staples.
How it spreads across sectors
Consumer Services
Negative for food-delivery and quick-commerce platforms via fines and compliance costs; neutral for travel, hotels and edtech.
Fast Moving Consumer Goods
Negative for the flagged dairy brand; neutral-to-negative for packaged foods on wider FSSAI scrutiny; alcohol and personal care untouched.
A pattern seen before
Cascade chain
Pattern name
Crude Oil Cascade
Patterns
- Crude Oil Cascade
Sectors queried
- Cement
- Chemicals
- FMCG
- Power
When it plays out
Immediate
Named platforms and Milky Mist slip as fines, delistings and inspection headlines dominate the next few days.
Medium term
Over 1-6 months compliance upgrades and restored listings decide whether the damage was a blip or a lasting cost.
Short term
Over 1-4 weeks the fine quantum and any listing bans set the size of the hit; peers stay under watch.
23 Sept, 12:21 IST · Market event · medium impact
Mumbai High Court rejects Adani plea that duty-free shops are beyond India’s domestic laws
Mumbai court ruled Adani's airport duty-free shops must follow Indian laws, raising costs for Adani and rival operators, with no clear winners.
Who it hits first
- Mumbai High Court rejected Adani's claim that its airport duty-free shops sit beyond India's domestic laws.
- The shops must now follow domestic rules, which raises compliance costs for Adani's airport retail business.
- The case is seen as a precedent, so every duty-free operator in India faces the same tougher rulebook.
Who may gain
- No listed winner stands out — rival duty-free operators face the same tougher rules, not an advantage
- Domestic high-street retailers compete on marginally more even terms, though the effect is tiny
Along the supply chain
Downstream
Adani Power, which buys from Adani Enterprises, is untouched because the ruling covers airport shops, not power or fuel supply.
Upstream
Adani's suppliers, such as shipping and project contractors, see no volume change since the shops stay open and goods still flow.
Where demand moves
Business
No demand shift — travellers still shop; the hit is cost, as duty-free operators spend more on complying with domestic laws.
Capital
Investors trim exposure to Adani Enterprises and airport-linked names on the regulatory overhang; no fundraising or deal impact.
How it spreads across sectors
Consumer Services
Neutral overall — most retailers and restaurants have no duty-free exposure; only duty-free operators face higher costs.
Services
Mildly negative — airport operators such as GMR may see softer future duty-free concession bids.
When it plays out
Immediate
Adani Enterprises and airport-linked stocks soften over 1-7 days as traders price the compliance hit.
Medium term
Over 1-6 months, higher compliance costs settle into duty-free margins across airports if the precedent stands.
Short term
Over 1-4 weeks, operators study the order and Adani likely seeks an appeal or stay.
15 Sept, 05:00 IST · Market event · medium impact
EaseMyTrip co-founder pledges 34.51cr shares to Motilal Oswal Financial Services
A founder of travel website EaseMyTrip has pawned a tenth of the company for a loan — a red flag that usually pushes the shares down.
Who it hits first
- EaseMyTrip faces ~10% pledge-supply overhang plus forced-sale risk on any margin call.
- Small travel peers (Yatra, Ixigo, TBO) derate on sentiment contagion despite clean holdings.
- Consumer-services small-caps broadly soften as promoter-finance headlines spook the tape.
Who may gain
- Zero-pledge travel peers (Ixigo, Yatra, TBO) may attract rotation once the dust settles.
Along the supply chain
Downstream
Travelers and agents see zero impact; bookings, refunds and service run normally.
Upstream
No direct supply-chain link — a promoter-financing event, not an operations event.
Where demand moves
Business
No business-demand impact — travel bookings do not change on promoter financing; this is purely a share-supply event.
Capital
Money exits EaseMyTrip on overhang fears; trims small travel broadly; rotates to clean-holding peers on dips.
How it spreads across sectors
Consumer Services
Online-travel sub-segment derates on pledge contagion; wider consumer-services mood softens.
When it plays out
Immediate
EaseMyTrip down 3-6% on overhang; travel peers dip 1-3% on association.
Medium term
Pledge stays an overhang until released; company must grow into a derated multiple.
Short term
Shareholding filings confirm the final pledged tally; any release filing reverses part of the fall.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 7 Aug 2026 | interim | ₹0.4 |
|---|---|---|
| 4 Aug 2025 | interim | ₹0.75 |
| 8 Aug 2023 | interim | ₹3.45 |
Splits, bonuses & buybacks
- daily-prices repair: 7 rows from NSE's archive (replace 1, delete 0, insert 6), 2020-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2020
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 23 Sep 2026 | ADMAS INDUSTRIES PRIVATE LIMITED | BUY | 8,90,000 | ₹599.78 |
| 11 Sep 2026 | SBI MUTUAL FUND | BUY | 40,00,000 | ₹569.60 |
| 11 Sep 2026 | SBI MUTUAL FUND | SELL | 40,00,000 | ₹569.60 |
| 11 Sep 2026 | SBI MUTUAL FUND | SELL | 30,33,125 | ₹569.60 |
| 11 Sep 2026 | SBI MUTUAL FUND | BUY | 29,80,072 | ₹569.60 |
Insider trades
| Disclosed | Who | Type | Shares | Value ₹ Cr |
|---|---|---|---|---|
| 1 Oct 2026 | Admas Industries Private Limited · Promoter Group | BUY | 12,981 | 0.77 |
| 30 Sep 2026 | Admas Industries Private Limited · Promoter Group | BUY | 2,65,000 | 15.34 |
| 30 Sep 2026 | Admas Industries Private Limited · Promoter Group | BUY | 70,000 | 4.13 |
| 30 Sep 2026 | Admas Industries Private Limited · Promoter Group | BUY | 20,000 | 1.15 |
| 30 Sep 2026 | ESOS TRUST WESTLIFE · Connected Person | SELL | 7,265 | 0.42 |
| 28 Sep 2026 | Admas Industries Private Limited · Promoter Group | BUY | 15,90,000 | 95.38 |
| 28 Sep 2026 | Admas Industries Private Limited · Promoter Group | BUY | 3,25,000 | 18.54 |
| 28 Sep 2026 | ESOS TRUST WESTLIFE · Connected Person | SELL | 5,000 | 0.29 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call6 Aug 2026
- Annual report · 2025-264 Aug 2026
- Earnings call · Q1FY2730 Jul 2026
- Results presentation30 Jun 2026
- Earnings call · Q4FY267 May 2026
- Earnings call · Q2FY264 Feb 2026
- Earnings call · Q2FY263 Nov 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.