Coffee Day Global revenue drops 12%

November 09, 2020 11:20 pm | Updated 11:20 pm IST - Bengaluru

Coffee Day Global, the coffee business subsidiary of Coffee Day Enterprises, posted a retail revenue of ₹1,270 crore during fiscal ended March 31, 2020, reporting a year-on-year decline of 12%. During the period, the company posted a net loss of ₹319 crore, as per a regulatory filing of the company on Monday.

In the fourth quarter, Coffee Day Global's retail net revenue stood at ₹272 crore, down 22% yoy and net loss at ₹80 crore. March- ended fiscal also saw its cafe outlets reduce to 1,192 from 1,752 a year ago while the number of its coffee vending machines has increased to 58,697 from 56797 in the previous year.

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