Coffee Day Global back in black, logs Rs 65.40 crore PAT in Q4

Coffee Day Global Ltd, which owns and operates popular coffee chain CCD, has posted a net profit of ₹65.40 crore for the fourth quarter ended on March 31, 2022. It had posted a net loss of ₹94.81 crore in the January-March quarter in FY21 and a net loss of ₹94.81 in the October-December quarter of FY22.

Its revenue from operations during the quarter under review was up 5.43% to ₹148.71 crore from ₹141.04 crore in the corresponding quarter of the last fiscal.

Cafe Coffee Day (CCD) average sale per day were up 11.58% to ₹17,140 during the quarter as against ₹15,361 in January-March last fiscal year.

During the quarter under review, its same-store sales growth was up 4.9%. However, year-on-year, its cafe outlet count was down by 13.46% as the number of operational stores came down to 495 in Q4.

It was operating 501 stores in October-December of FY22 and 572 in the corresponding January-March quarter of FY21. Vending machine count was down to 45,217 during the quarter under review from 45,959 in the year-ago period.

For the fiscal ended March 2022, Coffee Day Global narrowed net loss to ₹113.44 crore. It had reported a net loss of ₹306.54 crore in the previous fiscal. Its revenue from operations was ₹496.26 crore in FY22 – 23.81% higher than in the year-ago period.

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