BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Westlife Development Ltd. delivered in-line same store sales growth, but lower-than expected sales growth, with just one new store addition in Q4 FY21 and only five in FY21.
Furthermore, the dine-in channel (45% of sales in Q4 FY21) was still below normal levels.
However, strong performance from the convenience channel is a positive.
Gross margin expansion through volume recovery, channel optimization, and supply chain initiatives is encouraging.
The recovery in McCafe would further support the gross margin.
Ebitda margins were below expectations, with a one-time employee bonus and salary reversals putting pressure.
Nevertheless, the company’s efforts on fixed cost reduction should aid margins going forward.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR