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 Day Global Ltd, which operates the popular coffee chain Cafe Coffee Day (CCD).
Coffee Day 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.
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.
(Apart from the title, this story was unedited by NDTV staff and was posted from a syndicated feed.)