Motilal_Oswal_Initiating_Coverage_on_Westlife_Development.pdf
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Westlife Development: A Promising McProspects, Says Motilal Oswal

Moitlal Oswal Report Westlife Development Ltd. offers an exciting investment opportunity in the Indian quick-service restaurant (QSR) space on account of the following factors - The large Indian foodservice Industry is expected to deliver a 9% compound annual growth rate in the coming years, and QSRs are best placed to tap this opportunity.

With their affordability, aspirational branding, higher convenience, scale benefits, and technological edge, QSRs are expected to grow at 19% CAGR over FY20-25E. With the unorganized segment severely affected due to Covid-19, QSRs can make further gains due to their better hygiene standards and well-positioned alternate channels, especially delivery.