BENGALURU - Westlife Foodworld Ltd, which owns the franchise for McDonald's Corp in west and south India, reported a bigger-than-expected second-quart.
Rs 23 57 Crore Q1 Profit By Westlife Development businessworld.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessworld.in Daily Mail and Mail on Sunday newspapers.
While commenting on the fall in operating profit margins, Rajesh Gopinathan, chief executive officer and managing director, TCS said, “This is the bottom where we do our annual wage increases and promotions. The total impact of that on our profit and loss is about 150 basis points.”