Westlife Development Q4 Review - Portfolio Strength To Drive Growth: Dolat Capital

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Despite Covid-19 led disruptions in early part of Q4, Westlife Development Ltd. delivered healthy revenue growth of 27.3% with 33.7% growth in restaurant operating margin which currently stands at Rs 1 billion. Same stores sales growth stood at 22.7% in Q4 versus 10.5% in base quarter.Westlife Development opened 12 new stores and 14 new McCafe’s during Q4. During FY22, 25 new stores have been added taking the total store count to 326 stores. We believe that the company would achieve its target of adding 200 stores over the next three-four years taking the total store count to 500 plus.High inflation in key raw materials dampened gross margin by 150 bps. However, better operational efficiencies helped Westlife Development improve its Ebitda margins by 80 bps. Going ahead, we believe that the margins would improve gradually from current levels to 16% plus in FY24..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Westlife Development Q4 Review - Portfolio Strength To Drive Growth: Dolat Capital

Westlife Development Q4 Review - Portfolio Strength To Drive Growth: Dolat Capital

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