McDonald’s supersizes its north and east India bet to $80 million, even as rising costs squeeze profit
McDonald's India's north and east business has raised its investment plan to about $80 million over the next two-and-a-half years. The money will fund outlet growth and digital upgrades to keep pace with customer demand. Profitability is still expected to face pressure from surging food and packaging inflation, as competition from Devyani's KFC and Burger King intensifies.
Summary by QSR Wire India. The full story is on the publisher's site.
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Also reported by The Economic Times