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Street ignores recovery hurdles faced by pricey McDonald's India franchise

Continued pressure on dine-in sales may hurt growth

Topics
McDonald's India | COVID-19 | Westlife Development

Shreepad S Aute  |  Mumbai 



Shops are seen closed during the nationwide lockdown 5 imposed in the wake COVID 19 Coronavirus pandemic at Thane in Mumbai.
Shops are seen closed during the nationwide lockdown 5 imposed in the wake COVID 19 Coronavirus pandemic at Thane in Mumbai.

Despite the impact of on the June quarter (Q1), the stock of Westlife Development, the India franchise of McDonald’s, has gained 3 per cent after its results were announced last Thursday, outperforming the Sensex’s one per cent fall. Good business recovery, along with additional stores becoming operational after the lockdown (since end-March), helped improve sentiment. However, analysts are advising caution.

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First Published: Mon, August 03 2020. 15:38 IST

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