Sustained volume gains key trigger for Westlife Development stock

Margins could improve further on operating leverage and cost optimisation

The gradual opening up of stores and uptick in convenience platform 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 a 85-90 per cent recovery to 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 dine-ins recovery 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