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.
In the last financial year, the company had opened five McDonald’s outlets.
Jatia said COVID-19 has accelerated the shift towards convenience channels and the company is bullish about growth in the current fiscal.
“The business has pivoted towards becoming a…