Westlife Development: Investors should await better sales growth, margins

Dine in go ahead in Maharashtra, cost optimisation to help improve show in Q3

McD, McDonald's
Sales are expected to pick up in the current quarter given that Maharashtra has given a go ahead for dine-in operations last month

Quick service restaurant major Westlife Development, which runs the west and south regions of McDonald’s India operations, posted a sequential improvement in revenues led by takeaway and delivery channels. Though sales are still down over 47 per cent over the year ago quarter, they more than doubled over the June quarter and are now at over 70 per cent of the pre-Covid levels.  While in the pre-Covid period, the share of dine-in and convenience platforms (takeaway, delivery and on the go) was equally split, the share of the latter has gone up substantially due to the ...