Westlife Development - Second Wave Restrictions Lead To Temporary Overhang: Motilal Oswal  
A customer carries take-out food from a McDonald’s Corp. restaurant, operated by Hardcastle Restaurants Pvt., in Mumbai, India (Photographer Dhiraj Singh/Bloomberg)

Westlife Development - Second Wave Restrictions Lead To Temporary Overhang: Motilal Oswal  

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

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.

Click on the attachment to read the full report:

Motilal Oswal Westlife Development Company Update.pdf

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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.