Westlife Foodworld Q1 Results: Net profit declines 88% to Rs 3.25 crore

Westlife Foodworld, operator of McDonald's restaurants in West and South India, on Thursday reported an 88.72 per cent decline in its consolidated net profit to Rs 3.25 crore for the June 2024 quarter on account of subdued in-store business and higher royalty costs. The company reported a consolidated net profit of Rs 28.83 crore in the April-June quarter a year ago, according to a regulatory filing.