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Prabhudas Lilladher Report
We continue to remain positive on the long term story for Westlife Development Ltd. and expect it to emerge stronger from the pandemic given-
Renewed aggression with aim of adding 200-300 stores in four to five years.
Increased focus on fried chicken yielding additional Rs 5 million of average unit /store.
Sustained menu innovations with entry in gourmet burgers, new breakfast items and beverages like Turmeric Latte and Kadak Masala Chai.
Relaxation of lockdowns to drive dine-in and cafe sales which will help improve margins.
Leaner cost structures to result in margin expansion once sales normalise.
Sustained growth in convenience channel resulting in higher average unit s.
Westlife Development's increased digital expenditure ensuring 48% increase in app downloads and 33% increase in traffic on app.
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