Coffee Day Enterprises Stock Soars Over 6% After Robust Q1 Results

Shares of small cap company operating in tourism & hospitality sector, Coffee Day Enterprises Ltd witnessed a rally of 6.06% in morning trade on Wednesday as its consolidated net profit for the first quarter ended June 30, 2023 at Rs 22.51 crore. The company previously declared a loss of Rs 18 crore for April-June quarter an year ago, according to its BSE filing dated August 14, 2023. Current market price of Coffee Day Enterprises share is Rs 39.03 apiece with intraday jump of 6.06% at the time of writing the story. Check details below:

Coffee Day Enterprises Stock Performance & Return: Current market price of Coffee Day Enterprises is Rs 39.03 per share on BSE with the gain of 6.06%. Its 52-week high price is quoted at Rs 73.50 apiece and 52-week low price is quoted at Rs 26.40 apiece, respectively. It has a market capitalisation of Rs 823.46 crore.

Coffee Day Enterprises stock opened at Rs 38.51 apiece, touched day's high of Rs 39.50 apiece, and day's low of Rs 38.21 apiece, respectively till 11:13 am today. In last 2-weeks, Coffee Day Enterprises shares gave return of 19%, rallied 7% in last 3-months, declined 20% in last 1-year, and offered 20% return in last 2-years.

Coffee Day Enterprises Q1 Result: Coffee Day declared its revenue from operations at Rs 247.29 crore during the quarter under review as against Rs 210.49 crore in the year-ago period. It said its total expenses remained at Rs 239.93 crore, marginally higher 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 declared at Rs 263.98 crore.

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