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Coffee Day Q1 Results: Net profit of Rs 21 crore

Aug 16, 2023

By: BlinkX Research Team

Compared to a loss of Rs 17 crore the year before, Coffee Day Enterprises Ltd (CDEL) announced a net profit of Rs 21 crore.

EBITDA almost doubled to Rs 63 crore while revenue increased by 18% to Rs 247 crore.

Subsidiary Coffee Day Global Limited reported a 23% YoY increase in net revenue to Rs 233 crore and a 58% increase in EBITDA to Rs 26 crore.

The average sales per day (ASPD) for the coffee maker jumped to Rs 20,824 from Rs 19,537 at the same time last year. The same store sales growth (SSSG) for the quarter was 7.6%.

The number of cafe outlets dropped from 493 to 467 in the same quarter last year, while the number of vending machines increased from 46,603 to 50,870.

In January, SEBI penalized CDEL Rs 26 crore for diverting Rs 3,535 crore from seven subsidiaries to a company linked to the promoters of the company, Mysore Amalgamated Coffee Estates Limited (MACEL).

Source: Media Reports