Coffee Day Enterprises Declares Rs 23 Crore Profit In Q1, Shares Rise 9% In 2-Weeks

Coffee Day Enterprises Ltd (CDEL) declared its consolidated net profit for the first quarter ended June 30, 2023 at Rs 22.51 crore. Earlier, the firm announced a loss of Rs 18 crore for April-June quarter an year ago, as per its BSE filing dated August 14, 2023. Meanwhile, Coffee Day Enterprises shares rallied 7% in last 1-week and gained 9% in last 2-weeks. Check details below:

Coffee Day Enterprises Q1 Result: The company announced its revenue from operations at Rs 247.29 crore during the quarter under consideration as against Rs 210.49 crore in the year-ago period. The firm said its total expenses remained at Rs 239.93 crore, slightly up from the year-ago period. Revenue from coffee and related business announced at Rs 233.20 crore while Rs 14.19 crore obtained from hospitality services during Q1 financial year 2024. Total revenue in the June quarter arrived at Rs 263.98 crore.

Coffee Day Enterprises Stock Performance & Return: Last trading price of Coffee Day Enterprises is Rs 36.80 apiece with intraday fall of 0.73% as of August 14, 2023 on BSE. Its 52-week high price is Rs 73.50 apiece and 52-week low price is Rs 26.40 apiece, respectively. It has a market capitalisation of Rs 777.41 crore. Coffee Day Enterprises shares declined 16% in last 1-month, gained 8% in last 3-months, declined 26% in last 1-year, and offered return of 55% in last 3-years. In last 5-years, Coffee Day Enterprises stock declined 85%.

Coffee Day Enterprises About: It is the parent company of the Coffee Day Group, which houses Café Coffee Day that pioneered the coffee culture in the chained café segment in India. This coffee goes all over the world to clients across, Europe and Japan, making it one of the top coffee exporters in the country. It opened its first Café Coffee Day outlet in Bengaluru in 1996. Today, its subsidiary Coffee Day Global Limited has established the largest footprint of café outlets in India-spread across more than 200 cities, according to its official website.