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Westlife Development Management Meet Update - Expect Better Operating Performance Going Forward: Nirmal Bang

Westlife Development Management Meet Update - Expect Better Operating Performance Going Forward: Nirmal Bang

<div class="paragraphs"><p>A customer carries take-out food from a McDonald’s Corp. restaurant, operated by Hardcastle Restaurants Pvt., in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)</p></div>
A customer carries take-out food from a McDonald’s Corp. restaurant, operated by Hardcastle Restaurants Pvt., in Mumbai, India (Photographer: Dhiraj Singh/Bloomberg)

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.

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:

  1. Q1 FY22 was quite robust despite operating environment being difficult. All convenience channels saw growth on sequential as well as pre-Covid-19 basis.

  2. Delivery channel is touching new highs. On-the-Go channel continues to perform well month-on-month.

  3. 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).

  4. While malls remain affected, drive-thru and high street stores have fully recovered.

  5. Going forward, expanding footprint, accelerating convenience channel and maintaining fiscal discipline remain key priorities for the company.

Click on the attachment to read the full report:

Nirmal Bang Westlife Development- Management Meet Update-29 Aug 2021.pdf

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