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Motilal Oswal Report
Amid the rising second wave of Covid-19 cases, Maharashtra has imposed stringent restrictions from April 05 to 30, 2021.
Accordingly, restaurant players have been directed to stop dine-ins, though deliveries are permitted 24x7.
This offers some respite, especially for quick service restaurant players, which depend heavily on the channel.
On account of the high delivery salience and best practices in hygiene and safety, QSRs are better placed vis-a-vis other formats.
50% of Westlife Development Ltd.’s sales come from convenience channels (delivery, drive-thru, and on-the-go).
Of the count of 304 stores as of Dec-20, we estimate ~140 of Westlife Development’s stores in Maharashtra. Hence, the state-wide restrictions could put pressure on a significant portion of its store network.
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