Westlife Development Management Meet Update - Expect Better Operating Performance Going Forward: Nirmal Bang
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Nirmal Bang Report
We recently hosted the management of Westlife Development Ltd. for an interaction to get an update on the business and the overall operating environment.
Key highlights from our discussion are as follows:
Q1 FY22 was quite robust despite operating environment being difficult. All convenience channels saw growth on sequential as well as pre-Covid-19 basis.
Delivery channel is touching new highs. On-the-Go channel continues to perform well month-on-month.
In July 2021, Westlife Development's revenue recovered to ~100% of July 2019 levels in all markets (except Maharashtra which continued to be under strict regulatory restrictions).
While malls remain affected, drive-thru and high street stores have fully recovered.
Going forward, expanding footprint, accelerating convenience channel and maintaining fiscal discipline remain key priorities for the company.
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