Nirmal Bang: Westlife Development’s Q2 Result Below Estimate; Healthy Recovery Visible
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Nirmal Bang: Westlife Development’s Q2 Result Below Estimate; Healthy Recovery Visible

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Nirmal Bang Report

Westlife Development Ltd.’s topline was lower than our estimates for the quarter.

It is comforting to see that the company is back to 65-70% of sales of pre-Covid-19 (February 2020) levels with convenience channels (delivery, drive-through and on-the-go) reaching pre-Covid levels and dine-in showing healthy recovery trend across markets.

Maharashtra which is the biggest market for the company (50% of sales) has now allowed to start dine-in from October 2020.

Click on the attachment to read the full report:

Nirmal Bang Westlife Development-Q2FY21 Result Update- 9 November 2020.pdf

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