The Westlife Development stock will remain under pressure in the near term as multiple states have extended their lockdowns. Westlife runs the McDonald’s chain in the western and southern regions where severe restrictions have hampered the dine-in segment revenues.
After a robust March quarter, the dependence on the convenience format is expected to increase in the current circumstances with more orders being fulfilled through delivery, drive through, takeaway and on-the-go channels. The convenience format accounts for 55 per cent of revenues while the rest is accounted for by ...
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