Kotak chose Sapphire Foods as its preferred pick within the QSR space given its reasonable valuation and lower risk to earnings, followed by Devyani International.
Investec expects Westlife's revenue and profit after tax (PAT) to grow at a compound annual growth rate (CAGR) of 17 percent and 43 percent, respectively, over FY24-26.
'This clean chit is a testament to McDonald’s India’s commitment to upholding stringent food quality standards across all its restaurants, at all times,' says Westlife Foodworld
Motilal Oswal recommended Neutral rating on Westlife Foodworld with a target price of Rs 775 in its research report dated January 31, 2024.