Latest news with #CaféCoffeeDay
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Business Standard
6 days ago
- Business
- Business Standard
Coffee Day shares slip 5% after Q4 results; loss narrows to ₹114 crore
Shares of Coffee Day Enterprises declined over 5 per cent even after its net loss narrowed to ₹114.16 crore in the fourth quarter of the previous financial year (Q4 FY25). Coffee Day Enterprises' stock fell as much as 5.03 per cent during the day to ₹30.4 per share, the biggest intraday fall since March 13 this year. As of 12:25 PM, the stock was down 3.7 per cent at ₹30.8 apiece, compared to a 0.3 per cent decline in Nifty50. Shares of the company extended their losses for the third straight day, but have risen 36 per cent this year, compared to a 4.1 per cent advance in the benchmark Nifty50. Coffee Day Enterprises has a total market capitalisation of ₹642.42 crore, according to BSE data. Coffee Day Enterprises Q4 results The company reported a consolidated net loss of ₹114.16 crore for Q4 FY25, a decline from a loss of ₹296.40 crore in the year-ago period. Sequentially, the company reported a loss of ₹296.40 crore in the December quarter. Revenue from operations in Q4 FY25 stood at ₹268.03 crore, growing around 7 per cent from ₹250.65 crore in Q4 FY24. For the entire year, Coffee Day reported a consolidated net loss of ₹143.20 crore for FY25, against ₹307.43 crore in FY24. In FY25, the company's total consolidated income was marginally up to ₹1,125.64 crore. About Coffee Day Enterprises Coffee Day, once a popular name in urban regions, is now struggling to keep up with its operations after the demise of its founder, V G Siddhartha, in 2019. The company had defaulted on debt repayments amounting to ₹425.38 crore as of March 31, 2025. The company attributed it to a severe liquidity crisis and ongoing legal conflicts with lenders. The company operates various businesses, including coffee, logistics, financial services, and hospitality. It owns and operates café chain outlets under the Café Coffee Day brand, as well as resorts and hotels. The company is also engaged in the purchase and sale of coffee beans. It primarily operates café chain outlets under the Café Coffee Day (CCD), The Lounge, and The Square brand names. It is also involved in the retail sale of coffee beans and powder for household consumption, as well as to restaurants and eateries through Coffee Day Fresh & Ground outlets.
Time of India
01-05-2025
- Business
- Time of India
Mangaluru warms up to coffee culture as new chains brew buzz across city
Mangaluru: A city once known for its strong coastal flavours and traditional hangouts is now brewing a fresh chapter—this time, in coffee. The coastal city of Mangaluru is embracing a growing coffee culture, one that's long been associated with metros like Bengaluru. The change is visible on its streets, where international coffee chains like Starbucks and Third Wave Coffee have set up shop, finding firm ground alongside long-standing local cafés. For many residents, a regular cup of coffee has become more than just a beverage—it's a lifestyle. "I visited and enjoyed almost all coffee shops, both local and international brands. However, I am loyal to a café that has existed for a decade or more. I am also happy that coffee lovers like me can sit and sip their favourite coffee whenever they feel like it," said Sherin Saldanha, an IT professional. Sherin, like many other young professionals, finds her week incomplete without at least two visits to her favourite café. And she is not alone—coffee lovers across Mangaluru are making similar rituals part of their routines. The arrival of new coffee chains has not only diversified Mangaluru's café scene but has also shifted the city's social dynamics. Traditional alcohol-serving hangouts are making way for more inclusive spaces that cater to a wider crowd. "These coffee shops provide a dedicated space for non-alcoholics, coffee enthusiasts, and connoisseurs to enjoy a conversation over a cup of coffee. While Café Coffee Day and Diesel Café have been favourites, the new national and international brands offer innovative menus featuring a variety of beverages and foods," said Laxmi Shenoy, a food blogger based in the city. Whether it's for a remote work session or catching up with friends, cafés have emerged as preferred venues. "We have customers across all age groups, who come in as families, youngsters, groups of friends, business partners, or those who want to have a meeting over coffee. Some work the entire day, and others who spend a few hours," said Prajna Fernandes of Starbucks, which now operates two outlets in Mangaluru. Third Wave Coffee store manager Yashwanth said lattes and cappuccinos top the popularity chart. "We have had a good response so far," he said, noting that exotic brews have yet to see demand in the city. But Mangaluru's bond with coffee is not new. Historically, the port city has been a major player in the country's coffee trade. Since the 1830s, during British rule, Mangaluru has been pivotal in processing and exporting coffee, handling about 75% of India's coffee exports. With this revival in café culture, it seems Mangaluru is simply circling back to its caffeinated roots—only this time, with an espresso shot of modern flair.
