Total expenditure was Rs 2,377.5 crore, an increase of 17.96% from Rs 2,015.4 crore in Q1 FY22.

New Delhi:

Coffee Enterprises Ltd reported that its consolidated narrowed to Rs 180 crore for the quarter ended June 30, 2022.

Coffee Enterprises Ltd (CDEL) posted a of Rs 117.28 crore for the April-June period a year ago, it said in a filing with the BSE on Friday night.

CDEL’s operating income more than tripled to Rs 2,104.9 crore compared to Rs 81.52 crore in the corresponding quarter of the previous fiscal.

Total expenditure was Rs 2,377.5 crore, an increase of 17.96% from Rs 2,015.4 crore in Q1 FY22.

Revenue from coffee and related operations stood at Rs 189.63 crore in April-June FY23 compared to Rs 67.16 crore previously. Hotel services revenue was Rs 14.32 crore compared to Rs 2.40 crore.

CDEL also shared the results of its subsidiary Coffee Global Ltd, which operates the popular coffee chain Cafe Coffee Day (CCD).

Coffee Global’s consolidated operating income more than doubled to Rs 189.63 crore in the first quarter of fiscal 2023, compared to Rs 671.6 crore in the pandemic-affected June quarter of the previous fiscal.

Its narrowed to Rs 117.2 crore compared to Rs 894.9 crore in 1QFY22.

Average daily sales of CCDs increased to Rs 19,537 in the current quarter compared to Rs 8,558 in the April-June quarter of the previous fiscal. In the last January-March quarter, the average daily sales was Rs 17,140. Its coffee shops fell to 493 from 550 in the April-June quarter of the previous financial year, while the number of vending machines increased from 43,782 to 46,603.

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(Apart from the title, this story was unedited by NDTV staff and was posted from a syndicated feed.)

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