Sustained volume gains key trigger for Westlife Development stock

Margins could improve further on operating leverage and cost optimisation

Topics
Westlife Development | stock market | McDonald's India

Ram Prasad Sahu 

The gradual opening up of stores and uptick in convenience platform led to a 55 per cent sequential growth in revenues for Westlife Development. The company, which operates the McDonald’s restaurants in West and South India, indicated that there has been a 85-90 per cent recovery to pre-Covid levels in February.

Convenience platforms comprising McDelivery, drive through and on-the-go options saw a recovery of 120-125 per cent of pre-Covid levels while dine-ins recovery is pegged at 75 per cent. The latter segment saw a slow recovery in the quarter given the unlock process in ...

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First Published: Fri, January 22 2021. 06:10 IST
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