The Westlife Development stock has been under pressure since its March highs of Rs 535 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 (Q4), the ongoing April-June period is unlikely to be good due to these lockdowns impacting demand. But beyond that, there is hope of a better growth trajectory. In the near- to medium-term, the dependence on the convenience format is expected to increase in the current ...
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