McDonald s plans Rs 100 crore investment to open 30 outlets this fiscal
Top Searches
McDonald s plans Rs 100 crore investment to open 30 outlets this fiscal
PTI / May 16, 2021, 12:05 IST
FacebookTwitterLinkedinEMail File photo
NEW DELHI: Westlife Development, which operates McDonald s restaurants in southern and western region in India, plans to invest Rs 100 crore to open up to 30 outlets of the quick service restaurant brand in the current financial year.
The company, which now witnesses more than half of its sales from convenience channels such as delivery, takeaways and drive-thru, is bullish about growth in FY 22, leaving out the next 2-3 months. The intention is to open 20-30 McDonald s outlets in the current fiscal year. We will invest Rs 100 crore for opening these outlets, Westlife Development Vice-Chairman Amit Jatia told PTI.
Westlife Development Ltd, which owns Hardcastle Restaurants, the master franchisee of McDonald s restaurants for western and southern India, expects its business to return to pre-COVID-19 level from the next quarter and continue its expansion journey by adding more stores to its network, said a company official. The company plans to open three new stores in this quarter and then resume its growth journey of adding 25-40 stores every year from the next fiscal. If the momentum of consumer confidence continues, we will achieve and hopefully exceed pre-COVID-19 levels in the next 2-3 months, Westlife Development Vice-Chairman Amit Jatia told PTI.
Westlife to open 25-30 new McDonald s store in 2021-22
SECTIONS
Last Updated: Jan 31, 2021, 04:10 PM IST
Share
Synopsis If the momentum of consumer confidence continues, we will achieve and hopefully exceed pre-COVID-19 levels in the next 2-3 months, Westlife Development Vice-Chairman Amit Jatia told .
Agencies
Currently, Westlife Development operates 304 McDonald s stores in 42 cities of the western and southern India.
New Delhi:
Westlife Development Ltd, which owns Hardcastle Restaurants, the master franchisee of McDonald s restaurants for western and southern India, expects its business to return to pre-COVID-19 level from the next quarter and continue its expansion journey by adding more stores to its network, said a company official. The company plans to open three new stores in this quarter and then resume its growth journey of adding 25-40 stores every year from the next fiscal.
Westlife Development Ltd, which owns Hardcastle Restaurants, the master franchisee of McDonald s restaurants for western and southern India, expects its business to return to pre-COVID-19 level from the next quarter and continue its expansion journey by adding more stores to its network.