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Coffee Day Enterprises has reported a consolidated net loss of Rs 11.45 crore for the quarter ending June 2024. This marks a significant downturn compared to the net profit of Rs 20.55 crore achieved in the same quarter of the previous fiscal year.
In contrast, the company’s revenue showed a positive trajectory, increasing by 5.17% to Rs 260.07 crore for the June 2024 quarter. This represents a notable rise from Rs 247.29 crore reported in the June 2023 quarter.
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The divergence between the revenue growth and net loss highlights the challenges faced by Coffee Day Enterprises in managing its costs and operational efficiency during this period.
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