Friday 08 December 2023

Coffee Day Enterprises swing back to profit in Q3

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MILAN – Bangalore-based Coffee Day Enterprises, the parent company of Cafe Coffee Day retail chain on Thursday reported consolidated net profit of Rs 1.03 crore, or US$151,137 for the quarter ended December 2015. The company had posted a net loss of Rs 20.9 crore (US$3 million) during the October-December quarter of the previous fiscal, Coffee Day Enterprises said in a regulatory filing.

Coffee Day Enterprises was listed on stock exchanges in October last year.

Net sales of the company also increased by 14.50 percent to Rs 670.24 crore (US$98.35 million) during the period under review as against Rs 585.32 crore (US$85.9 million) in same quarter last fiscal, it said.

The coffee chain’s Rs 1,150-crore (US$168.7 million) initial public offer (IPO) had hit the market in October 2015.

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