Westlife Development Ltd is healing very slowing from the impact of the covid-19 pandemic. Westlife owns Hardcastle Restaurants Pvt.
Ltd, the master franchisee of McDonald's restaurants in west and south India. True, revenue performance in the December quarter has understandably improved sequentially.
Westlife’s revenues had declined by 75% and 48% year-on-year, respectively, during the June and September quarter. In the December quarter, while the drop in revenues was curtailed to nearly 25% year-on-year, it’s not too encouraging.