Westlife Foodworld - Drive-Thrus To Drive Growth; South AUV Improving: Nirmal Bang

Nirmal Bang Report

We recently hosted Akshay Jatia – Executive Director and Chintan Jajal – Lead of Investor Relations, Westlife Foodworld Ltd. at our Investor Conference to get an overview of the current business environment and the company’s future plans.

The demand environment continues to remain challenging with some sequential improvement.

The Southern market, where the average unit volume differential versus the West has reduced, is likely to be a key driver of growth going forward as Westlife will focus on adding higher number of incremental stores there.

We have a “Buy” rating on Westlife with a target price of Rs 1,005, implying an upside of 23% from the current market price.

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