Motilal Oswal has given Buy on the stock with a revised price targe recommendation for Westlife Development with a target price of Rs. lal Oswal is bullish on Westlife Development has recommended buy on the stock with a revised price target (PT) of Rs. 530 in its research report issued on Feb 03, 2022


The company reported a net profit after seven quarters of losses (since the COVID-led lockdowns in 4QFY20). We remain optimistic about the medium term opportunity for WLDL, especially after the lifting of COVID-related restrictions. The opportunity for QSRs in India is attractive and has enhanced significantly post-COVID, as elaborated in our thematic note in Dec’21. We remain cautious given the scheduled increase in the royalty rate to 8% in FY27, which could weigh on profitability. We maintain our Neutral rating.

Leave a Reply

Your email address will not be published.