India's Westlife Foodworld posts quarterly profit drop as competition bites

Reuters

02/04

Feb 4 (Reuters) - Westlife Foodworld WEST.NS, a McDonald's MCD.N franchisee in India, reported over 85.45% decline in quarterly consolidated profit on Wednesday, hurt by stiff competition from local rivals and higher costs.

The restaurant operator posted consolidated profit after tax of 10.2 million rupees ($112,938) for the third quarter ended December 31, down from 70.1 million rupees a year earlier.

($1 = 90.3150 Indian rupees)

(Reporting by Urvi Dugar in Bengaluru and Praveen Paramasivam in Chennai; Editing by Mrigank Dhaniwala)

((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))

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Editing by Mrigank Dhaniwala)</p><p> ((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0726765562.USD","symbol_name":"JPM GLOBAL INCOME \"A\" (USD HEDGED) INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260204:nL4N3Z00H4:1","article_id":"2608124359","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608124359","pubTimestamp":1770194852,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"India's Westlife Foodworld posts quarterly profit drop as competition bitesFeb 4  - Westlife Foodworld WEST.NS, a McDonald's MCD.N franchisee in India, reported over 85.45% decline in quarterly consolidated profit on Wednesday, hurt by stiff competition from local rivals and higher costs.The restaurant operator posted consolidated profit after tax of 10.2 million rupees  for the third quarter ended December 31, down from 70.1 million rupees a year earlier.  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