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Withdrawal of input tax credit increased our costs, says Amit Jatia of Westlife

Earlier this month, Goods and Services Tax (GST) rates on restaurants had been reduced to 5 percent from 18 percent. However, Westlife Development is in focus essentially because McDonalds has hiked base prices to keep the overall prices same. CNBC-TV18 spoke to Amit Jatia, Vice-Chairman of Westlife Development to know more.

Will continue with positive trajectory on same-store-sales growth for H2FY18: Westlife

Westlife Development reported a strong set of earnings. CNBC-TV18’s Priya Sheth caught up with Amit Jatia, Vice-Chairman of the company and asked him about his Q2 earnings.

Have put in effort to build McDonald's brand in India, says Vikram Bakshi

The National Company Law Tribunal (NCLT) has reinstated Vikram Bakshi as the Managing Director of Connaught Plaza Restaurants (CPRL) - an equal joint venture between Bakshi and McDonald's that operates the fast food chain in north and east India.

McDonald's has included GST in its prices, says Westlife Development

In an interview to CNBC-TV18, Amit Jatia, VC of Westlife Development talked about what goods and services tax (GST) mean for the burgers (McDonald's).

New breakfast menu likely to drive growth for McDonald’s: Westlife Development

Over the next 2-3 years, the breakfast will be the key driver of growth for Mc Donald’s, said Amit Jatia of Westlife Development.

'Good response to dosa burger, McDonald's sales set to double'

Speaking to CNBC-TV18, Amit Jatia, Vice Chairman of Westlife Development, the fast food chain's master franchisee, said prices would increase 3-5 percent this year but would remain affordable.

On track to double restaurants, expand margins by 2022: Westlife

Westlife Development envisages doubling the number of restaurants by 2022 and plans investment of Rs 150-200 crore every year on it, says Vice Chairman Amit Jatia.

We hope to maintain 40% growth in delivery biz: McDonald's owner

Speaking to CNBC-TV18 Amit Jatia of Westlife Development, owners of McDonald‘s, said that same-store sales for McDonald‘s is positive in the quarter gone by.

Model Shop Act a progressive step, will boost revenue: Westlife

In an interview with CNBC-TV18, Amit Jatia said that 24x7 stores have worked well for McDonald‘s globally and the same can be expected in India after the implementation of the Model Shop Act.

Plan to nearly double restaurants to 500 by 2022: Westlife

In the fourth quarter of FY16, Westlife Development saw an 8.4 percent rise in the same- store sales quarter-on-quarter, compared to 3.1 percent. Jatia attributed this to the launch of the new Maharaja Mac and McCafe.

Trying to consolidate existing revenue & bottomline: Speciality

Anjan Chatterjee, founder and MD of Speciality Restaurants says the fourth quarter so far is panning out to be flattish since discretionary spends are not very encouraging

See huge potential to expand QSR biz in India: Westlife Dev

The company‘s has committed massive capex plans which will be funded via cash, debt and internal accruals, said Amit Jatia, Vice Chairman, Westlife Development.