 "The cafe comes home")
Coffee Day Enterprises rallied 7% to Rs 218 on the BSE after the company more than doubled its consolidated net profit at Rs 12.3 crore for the quarter ended December 2016 (Q3FY17). The company, which runs the Café Coffee Day (CCD) chain, reported profit of Rs 5 crore in the same quarter year ago.
Total gross revenue rose 14% to Rs 866 crore during the same period over the previous year.
“Specifically on demonetization, we did see some impact in our cafe sales in the first and second week post the announcement of demonetization but subsequently our sales
Total gross revenue rose 14% to Rs 866 crore during the same period over the previous year.
“Specifically on demonetization, we did see some impact in our cafe sales in the first and second week post the announcement of demonetization but subsequently our sales
