Westlife Development rose 1.64% to Rs 428.70 after the company reported a consolidated net profit of Rs 2.09 crore in Q4 FY21 as against a net loss of Rs 16.66 crore in Q4 FY20.
Total revenue increased by 6.3% year-on-year (YoY) to Rs 357.59 crore during the quarter, despite regulatory headwinds, lockdowns, curfews and capacity limitations witnessed across markets. The company also reported a positive same-store sales growth (SSSG) of 10.5%.
Sales were driven by an almost complete recovery in dine-in and an impressive 142% growth across the company's convenience channels. Revenues from McDelivery and Drive Thru saw a YoY growth of 26% and 81% respectively. Even after dine in opened across the market, the company did not see a slowing down in its out of restaurant consumption. The company recorded its highest ever McDelivery Sales in March 2021 and the sales through the on-the-go channel grew over three times in the last three quarters.