MOSL: THE CORNER OFFICE (WESTLIFE DEVELOPMENT) — Aiming to win, and not avoid losses-Putting building blocks in place
​THE CORNER OFFICE (Westlife Development) — Aiming to win, and not avoid losses; Putting building blocks in place in anticipation of demand revival
Mr Mr Amit Jatia, Vice Chairman & CEO
Mr Amit Jatia is the Vice Chairman of Westlife Development (WDL) and the Vice Chairman & CEO of Hardcastle Restaurants (HRPL). WDL is the promoter holding company of HRPL. Mr Jatia has over 25 years of experience in the QSR industry. He was responsible for various aspects of the establishment and operation of McDonald’s restaurants in Western and Southern India. He has steered Hardcastle Restaurants to a master franchisee for McDonald’s in the region. Mr Jatia has a degree in Business Administration from the Marshall School of Business at University of Southern California, Los Angeles. He has attended several sessions of the YPO/Harvard President’s Program at Havard Business School.
- Value for money, accessibility, brand, and ideal match of food and beverages are the key propositions for Westlife Development, the McDonald's franchisee for Western and Southern India.
- Continued rapid growth in McCafe and delivery (Westlife is targeting INR7b annual sales put together in 3-4 years) will be the big driver of incremental sales per store and margins.
- The company remains confident of achieving its 2022 vision of 2.5-3x increase in sales. As recovery sets in, it expects EBITDA margin of ~15%, up from the current ~5%. The earlier peak was ~12%. With a wider and more profitable basket of offerings, EBITDA margin should cross the earlier peak.
- Overall, Westlife aims to evolve into a USD1b business, up from annual sales of ~USD150m currently.
- We do not have a rating on the stock.
Westlife Development Limited is engaged in letting out of property and trading in goods. The Company's segments include Trading and Leasing. The Trading segment is engaged in trading of steel, textile and other materials. The Leasing segment provides office premises on operating lease basis. The Company focuses on putting up and operating quick service restaurants (QSR) in India through its subsidiary, Hardcastle Restaurants Pvt. Ltd. (HRPL). Its restaurant categories include freestanding, food court, in-store and mall stores. The Company operates a chain of McDonald's restaurants in west and south India. The Company, through its subsidiary HRPL, operates McDonald's through approximately 240 restaurants across over 30 cities. Its service formats and brand extensions consist of restaurants, Breakfast, McDelivery and kiosks at various transit points. The Company has operations in Telangana, Gujarat, Karnataka, Maharashtra, Tamil Nadu, Kerala and parts of Madhya Pradesh.
Motilal Oswal Financial Services Ltd. is a reputed name in Financial Services and Online Trading with group companies providing services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, Principal Strategies & Home Finance.
Motilal Oswal Securities is a group company of Motilal Oswal Financial Service Limited which started as a stock trading company and has blossomed into well diversified firm offering a range of financial products and services. Motilal Oswal has built a reputation as the source for best stock trading company and this has taken a wealth of experience, knowledge and expertise, constantly working in tandem, over the years.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.