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Prabhudas Lilladher Report
We are increasing Westlife Development Ltd.'s FY23/24 earnings per share by 13.8% and 15.2% following sharper than expected sales recovery and all time reported Ebitda margin of 16.6%.
As Q3 FY22 was also impacted due to restrictions on dine in operations and some restrictions towards second half of December we expect performance to further improve in coming quarters.
We believe Westlife Development has identified menu innovations (fried chicken (South India), gourmet burgers and meal options), omni channel strategy and digital Initiatives as key growth drivers in coming years.
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