Moneycontrol BureauCoffee Day Enterprises, the parent company of cafe chain Cafe Coffee Day, on Monday has narrowed its consolidated loss to Rs 9.3 crore for July-September quarter from Rs 39.3 crore in year-ago period and Rs 18.67 crore in preceding quarter, driven by strong revenue and operational performance. However, lower other income and higher finance cost hit bottomline.
Revenue increased 15.3 percent to Rs 665.8 crore during the quarter compared to Rs 577.2 crore in corresponding quarter of previous fiscal.
Operating profit (earnings before interest, tax, depreciation and amortisation) shot up 63 percent year-on-year to Rs 121.95 crore and margin expanded by 530 basis points to 18.3 percent, boosted by lower raw material and logistics services cost.
Raw material cost declined 15.3 percent to Rs 112.3 crore and logistics services cost dropped 7 percent to Rs 160 crore during the quarter on yearly basis while other expenses climbed 40.2 percent to Rs 137.8 crore.
Other income was down 12.5 percent year-on-year to Rs 12.76 crore and finance cost increased 9.8 percent to Rs 85 crore in quarter ended September 2015. Tax expenses in same period increased 7-fold to Rs 9.5 crore from Rs 1.4 crore.
The company says average sales per day stood at Rs 13,448 for the quarter against Rs 13,370 crore in June quarter and Rs 13,658 crore in same quarter last fiscal. Same store sales growth improved year-on-year to 5.3 percent from 4.6 percent but sequentially it declined compared to 6.4 percent.
Cafe count increased to 1,555 in September quarter compared to 1,520 in year-ago period and vending machines count rose to 32,071 units from 27,254 year-on-year.
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