In the first quarter (April-June) of the fiscal year 2023, Coffee Day Enterprises Ltd. reduced its combined net loss to 18 crores.
In the same quarter last year, the company reported a net loss of 117.28 crores.
The operational revenue increased to 210.49 crores from 81.52 crores in the same period last fiscal year.
While CDEL costs increased 17.96% from Q1 FY2021, from 201.54 crores to 237.75 crores.
Coffee Day Enterprises reported revenue from coffee and allied activities of 189.63 crores in the April–June 2022 quarter as compared to 67.16 crores in 2021 in a regulatory filing. In contrast, the company made 14.32 crores in revenue from hospitality as opposed to 2.40 crores.
The CDEL also revealed the outcomes of its subsidiary, Coffee Day Global Ltd, which runs the well-known coffee chain Cafe Coffee Day, separately (CCD).
Consolidated revenue from operations for Coffee Day Global increased significantly from the pandemic-affected June quarter of the previous fiscal year to 189.63 crores in Q1 FY23.
Additionally, the company reduced its net losses from 89.49 crores in Q1 FY22 to 11.72 crores this quarter.
The average daily sales for CCD climbed from 8,558 to 19,537 over the April-June quarter of the previous fiscal year.
Its café locations have decreased from 550 in the April–June quarter of the previous fiscal year to 493, while the number of vending machines has increased from 43,782 to 46,603.