During the financial year, the company’s consolidated loss before tax stood at ₹111 crore as against a consolidated loss of ₹450 crore in the year-ago period.
During the financial year, the company’s consolidated loss before tax stood at ₹111 crore as against a consolidated loss of ₹450 crore in the year-ago period.
Coffee Day Enterprises Limited (CDEL) said it has reduced its debt burden to ₹1,810 crore as on March 31.
In March 2019, the company promoted by VG Siddhartha had a debt of Rs 7,214 crore. As per the company’s annual report, by the end of March 2021, it has come down to ₹1,898 crore as on March 31, 2022 and ₹1,810 crore as of March 31, 2022.
During the financial year 2021-22, around 85% of CDEL’s consolidated revenues came from the coffee business. Hospitality contributed 6% while other functions contributed 9%. The coffee business brought in gross revenue of ₹496 crore in 2021-22, representing a growth of 24% over 2020-21. During the financial year, the company’s consolidated loss before tax stood at ₹111 crore as against a consolidated loss of ₹450 crore in the year-ago period.
Revenue from hospitality business grew by 40% from ₹25 crore in FY 2020-21 to ₹35 crore in FY 2021-22.
CDEL, through its wholly owned subsidiary Coffee Day Hotels and Resorts Private Limited (CDHRPL) under the brand ‘The Serai’, owns and operates one straight and two luxury boutique resorts. These resorts are located at Chikmagalur, Bandipur and Kabini in Karnataka, while the company has equity interest in a luxury resort in the Andaman and Nicobar Islands.
Coffee Day Global Limited, a subsidiary of CEDL, which owns the cafe chain brand, Cafe Coffee Day, currently operates 495 cafes, 285 CCD Value Express kiosks in 158 cities, while in corporate workplaces and hotels, as per the annual report. It has 38,810 vending machines.