Home / Companies / Quarterly Results / McDonald's India operator Westlife Q3 PAT falls 59% as consumers spend less

McDonald's India operator Westlife Q3 PAT falls 59% as consumers spend less

The restaurant operator's consolidated profit after tax stood at Rs 7.01 crore ($810,123.66) for the three months to Dec. 31, lower than Rs 17.25 crore a year ago

The drop in profit comes as cost-conscious consumers cut back on discretionary spending amid still-high food prices. | Photo: Reuters

Reuters

1 min read Last Updated : Jan 29 2025 | 3:43 PM IST

Listen to This Article

Westlife Foodworld, the operator of McDonald's in India, reported a 59 per cent drop in third-quarter profit on Wednesday, as cost-conscious consumers cut back on discretionary spending amid still-high food prices.

The restaurant operator's consolidated profit after tax stood at Rs 7.01 crore ($810,123.66) for the three months to Dec. 31, lower than Rs 17.25 crore a year ago.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)