Coffee Day Global, the coffee business subsidiary of Coffee Day Enterprises, posted a retail net loss of ₹80 crore during the fourth quarter 2019-20.
Its retail revenue was down 22 per cent at ₹272 crore for the period. The coffee vending machines during the period increased to 58,697 from 56,797 in the previous year. The coffee outlet reduced to 1,192 from 1,752 a year ago.
The auditors in their note said the company has informed them that an amount of ₹1208.30 crore is due from Mysore Amalgamated Coffee Estates and efforts are on to recover the same.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.