Westlife Development reported a strong set of earnings. CNBC-TV18’s Priya Sheth caught up with Amit Jatia, Vice-Chairman of the company and asked him about his Q2 earnings.
Westlife Development envisages doubling the number of restaurants by 2022 and plans investment of Rs 150-200 crore every year on it, says Vice Chairman Amit Jatia.
Net Sales are expected to up 12 percent Y-o-Y to Rs 228.6 crore, according to Axis Securities
In the fourth quarter of FY16, Westlife Development saw an 8.4 percent rise in the same- store sales quarter-on-quarter, compared to 3.1 percent. Jatia attributed this to the launch of the new Maharaja Mac and McCafe.