Bigger India
McDonald’s India Subsidiary Posts Net Profit Finally
The local unit of Chicago-headquartered fast food giant posted a net profit of Rs 65.2 lakh during FY17-18, compared with a net loss of Rs 305 crore a year ago, according to its latest filings with the Registrar of Companies.
After entering India more than two decades ago, burger and fries chain McDonald’s posted its first profit during year-to-March 2018 amid a long-drawn legal dispute with one of its key licensee partners.