CCD's Transformative Fiscal Year: A Different Brew

Cafe Coffee Day (CCD) experienced a notable decline in outlets and cities in FY24, but saw a surge in operational vending machines. Despite financial challenges, CCD's consolidated revenue grew by 11.16%, aided by asset resolutions and debt reduction efforts. The brand continues to navigate the legacy of its late founder, V G Siddhartha.

Cafe Coffee Day (CCD) has faced a transformative year with a significant decline in the number of outlets to 450 in FY24, down from 469 in FY23. However, the count of vending machines in corporate workplaces and hotels saw a substantial increase to 52,581, according to Coffee Day Enterprises Ltd's latest annual report.

Additionally, the number of CCD Value Express kiosks slightly decreased to 265. The company's footprint also reduced from 154 cities in FY23 to 141 in FY24, marking its lowest since FY22.

Despite the challenges, CDEL reported a consolidated revenue of Rs 966 crore for 2023-24, an 11.16% increase year-on-year. The company, grappling with the aftermath of founder V G Siddhartha's death, has been strategically paring down its debt, which now stands at Rs 1,159 crore, down from Rs 1,524 crore in FY23, through asset resolution and monetisation efforts.

(With inputs from agencies.)