Street ignores recovery hurdles faced by pricey McDonald's India franchise

Despite the impact of Covid-19 on the June quarter (Q1), the stock of Westlife Development, the India franchise of McDonald’s, has gained 3 per cent after its results were announced last Thursday, outperforming the Sensex’s one per cent fall. Good business recovery, along with additional stores becoming operational after the lockdown (since end-March), helped improve sentiment. However, analysts are advising caution. The firm saw around four-fold improvement in June sales vis-à-vis April, as the number of operational stores rose to 263 , versus 119. Its convenience pla.....

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel
Key stories on are available to premium subscribers only.

Already a premium subscriber?

Subscribe to get an across device (Website, Mobile Web, Iphone, Ipad, and Android Phone applications) access to Premium content, Breaking News alerts, Industry Newsletters, Stock and Corporate news alerts, access to Archives and a lot more.