The company is looking for an almost three-fold jump in sales, between Rs 4,000 crore and Rs 4,500 crore, in the next five years by 2027
According to economists, inflation is likely to ease by October as the monsoons have been progressing well with the cumulative rainfall being 9 per cent above the long-term average up to July 12
This new restaurant, operated by Westlife Development, McDonald's India's franchise partner, is located in the vicinity of the Statue of Unity
Value players, or those catering to price sensitive customers, may see growth and profitability concerns, they said
Quick service restaurant McDonald's India (West and South) on Thursday said it will now also display Allergen & Nutritional information for the entire menu of in-store and on McDelivery app to enable customers to make the right food choices. McDonald's India (West and South) has also eliminated artificial colours, artificial preservatives and artificial flavouring from select food items, said a statement issued by the Quick service restaurant (QSR) chain on World Health Day. "McDonald's believes that consumers should have easy access to nutritional information to help them make informed food choices. Consumers today have not only become conscious of what their food contains but also about what it doesn't contain. "Hence, to bolster the trust of consumers in the brand, McDonald's is creating more awareness about the components of its food by highlighting its progressive movement towards Clean Labels," said a statement. Products like McSpicy Fried Chicken, Chicken Nuggets, Veg ...
Westlife Development Ltd owns Hardcastle Restaurants, the master franchisee of McDonald's restaurants for West and South India
QSR to expand its ever-hungry 'foodprint' by doubling outlets, increasing average unit volume by 40% in 5 years
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 in the current financial year
This was helped by higher income
Westlife Development operates McDonald's restaurants in southern and western region in India
The company's US-listed shares slipped 4.3% to $57.51.
Margins could improve further on operating leverage and cost optimisation
Margins could improve further on operating leverage and cost optimisation
A stock market debut sets up a clash between US rivals as listed peers in India
Stock at Rs 138 verus issue price of Rs 60, was locked in upper circuit for some part of the day, with only buyers and no sellers
Proceeds will be used to roll out new outlets, retire debt; Issuer to have market cap of Rs 2,290 cr at upper end of price band
The pandemic prompted widespread changes in how restaurants conduct business, with many relying more on drive-thru, carry-out and delivery
Dine in go ahead in Maharashtra, cost optimisation to help improve show in Q3
Higher share of delivery led to faster business recovery and better margins
Sales high; fast-food and cafe chains increase focus on segment