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Nov, 15 2018

Coffee Day Enterprises reports 60% fall in consolidated net profit

In the corresponding period of the previous fiscal, the company had reported a net profit of Rs 59.26 crore.

Coffee Day Enterprises has announced a 59.78% fall in consolidated net profit at Rs 23.83 crore for the September quarter due to higher expenses. In the corresponding period of the previous fiscal, the company had reported a net profit of Rs 59.26 crore.

Coffee Day's total income grew by 12.42% at Rs 1,015.13 crore during the quarter under review. Its income stood at Rs 902.9 crore in the corresponding quarter of the year-ago period.

The company's expenses during the quarter stood at Rs 1,014.99 crore, up 13.83%, as against Rs 891.6 crore a year ago. 

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