Sustained volume gains at McDonald's a key trigger for Westlife stock

Margins could improve further on operating leverage and cost optimisation

The gradual opening up of stores and uptick in convenience platforms led to a 55 per cent sequential growth in revenues for Westlife Development. The company, which operates the McDonald’s restaurants in West and South India, indicated that there has been 85-90 per cent recovery compared with pre-Covid levels in February.

Convenience platforms comprising McDelivery, drive through, and on-the-go options saw a recovery of 120-125 per cent of pre-Covid levels, while recovery in dine-ins is pegged at 75 per cent. The latter segment saw a slow recovery in the quarter, given the unlock process in October in Maharashtra and the imposition