McDonald's India operator posts Q3 profit drop as consumers rein in spending

Westlife Foodworld

29/01/2025 09:36

Jan 29 (Reuters) - Westlife Foodworld  WEST.NS , the
operator of McDonald's  MCD.N  in India, reported a 59% 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 70.1 million rupees ($810,123.66) for the three months
to Dec. 31, lower than 172.5 million rupees a year ago.

($1 = 86.5300 Indian rupees)

 (Reporting by Ananta Agarwal in Bengaluru; Editing by Mrigank
Dhaniwala)
 ((Ananta.agarwal@thomsonreuters.com;))