Coffee Day Enterprises Shares Gain As Losses Narrow

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Shares in Coffee Day Enterprises gained after the company managed to narrow its losses for the quarter ending Sept 30, 2015. The company's Q2 net losses were placed at Rs 9.3 crores, as against Rs 40 crores in the corresponding period of the previous year.

Consolidated revenue for the company rose by 15 per cent to Rs .665.8 crore from Rs.577.2 crore a year ago, the company said.

Coffee Day Enterprises Shares Gain As losses Narrow
Same-store sales grew to 5.3 per cent from 4.6 per cent.

The shares of the company were last trading at Rs 277, up 1.50 per cent over Monday's closing. Many investors have made losses in the IPO, which was priced at Rs 328.

The IPO of the company got over-subscribed 1.81-times with demand worth Rs 2,000 crore, but, the retail portion was not fully subscribed.

Read more about: coffee day enterprises, ccd
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