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Cafe Coffee Day

NCLAT sets aside insolvency proceedings against Coffee Day Enterprises

The NCLAT was hearing an appeal filed by a director of CDEL's suspended board

NCLAT sets aside insolvency proceedings against Coffee Day Enterprises
Updated On : 27 Feb 2025 | 1:00 PM IST

CCD cafe count falls to 450 in FY24, no of operational vending machines up

The number of Cafe Coffee Day (CCD) outlets declined to 450 in FY24, though the count of operational vending machines at corporate workplaces and hotels increased to 52,581. The number of Value Express kiosks also declined marginally to 265, according to the latest annual report of Coffee Day Enterprises Ltd (CDEL), which owns the chain through its subsidiary Coffee Day Global Ltd. Coffee Day Global was operating 469 cafes and 268 CCD Value Express kiosks in FY23. Moreover, CCD's presence also declined to 141 cities in FY24, as compared to 154 cities a year before, the annual report showed. It had a presence in 158 cities in FY22. However, there is a substantial increase in the number of operational vending machines, which has gone up to 52,581 in FY24 from 48,788 of FY23. It was at 38,810 in FY22. CDEL further said gross revenue from the company's consolidated coffee business stood at Rs 966 crore in 2023-24, up 11.16 per cent year-on-year. CDEL has been facing trouble since the

CCD cafe count falls to 450 in FY24, no of operational vending machines up
Updated On : 03 Sep 2024 | 3:00 PM IST

Regulator fines BSR & Associates Rs 10 cr for lapses in Coffee Day audit

2 chartered accountants of the company penalised too and barred from undertaking audits for some years

Regulator fines BSR & Associates Rs 10 cr for lapses in Coffee Day audit
Updated On : 20 Aug 2024 | 10:55 AM IST

Coffee Day shares tumble 29% in 2 days: What's brewing at CCD operator?

Coffee Day NCLT proceedings: The Bengaluru Bench of NCLT had admitted IDBI Bank's plea to initiate insolvency proceedings against Coffee Day Enterprises for loans worth Rs 228 crore

Coffee Day shares tumble 29% in 2 days: What's brewing at CCD operator?
Updated On : 13 Aug 2024 | 1:53 PM IST

NCLT orders insolvency trial against Coffee Day Enterprises on IDBI claims

Corporate dispute tribunal NCLT has ordered initiating insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Coffee Day Group which operates Cafe Coffee Day chain of coffee houses. The Bengaluru bench of the NCLT (National Company Law Tribunal) on August 8 admitted the plea filed by IDBI Trusteeship Services Ltd (IDBITSL) claiming a default of Rs 228.45 crore and appointed an interim resolution professional to take care of the operation of the debt-ridden company. CDEL, which also owns and operates a resort, renders consultancy services and is engaged in the sale and purchase of coffee beans, had defaulted in the payment of coupon payments of redeemable non-convertible debentures (NCDs). The financial creditor had subscribed 1,000 NCDs through private placement and paid Rs 100 crore towards the subscription in March 2019. For that CDEL executed and entered into an agreement with IDBITSL agreeing to appoint as the debenture trustee for the debenture

NCLT orders insolvency trial against Coffee Day Enterprises on IDBI claims
Updated On : 10 Aug 2024 | 5:26 PM IST

What is brewing: How the aroma of coffee is wafting across India

Homegrown specialty coffee brands are raising funds to expand their footprint. Not just coffee, but also related accessories are now finding a place in the homes of coffee aficionados

What is brewing: How the aroma of coffee is wafting across India
Updated On : 07 May 2024 | 11:35 PM IST

Strata acquires Bengaluru's iconic CCD headquarters for about Rs 150 crore

"We are thrilled to unveil the CCD Square, a grade-one commercial property that embodies our commitment to excellence and innovation," said Sudarshan Lodha, Co-founder and CEO, Strata

Strata acquires Bengaluru's iconic CCD headquarters for about Rs 150 crore
Updated On : 05 Feb 2024 | 10:40 PM IST

Coffee Day Enterprises registers total default over Rs 433 cr in Jul-Sep

Coffee Day Enterprises Ltd (CDEL) on Thursday reported a total default on payments of loans' principal and interest amount of Rs 433.91 crore for the September 2023 quarter. This is lower than the June quarter when CDEL had reported a total default of Rs 440.25 crore. Its "total financial indebtedness of listed entity, including short term and long term debt", is Rs 433.91 crore in the July-September quarter, the company said in a disclosure to bourses on Thursday. According to CDEL, its total outstanding amount is Rs 189.14 crore from loans or revolving facilities like cash credit from banks or financial institutions. Of this, CDEL defaulted on Rs 183.36 crore principal amount and an interest payment of Rs 5.78 crore as of date. The company's total outstanding from unlisted debt securities, such as NCDs and NCRPS, is Rs 244.77 crore. Of this, the total amount of default as of date is Rs 200 crore along with an interest of Rs 44.77 crore, the company noted. "Due to default in ...

Coffee Day Enterprises registers total default over Rs 433 cr in Jul-Sep
Updated On : 05 Oct 2023 | 6:33 PM IST

Coffee Day Global settles with creditor; NCLAT sets aside insolvency order

On July 20, the Bengaluru bench of NCLT had directed the initiation of insolvency proceedings against CDGL

Coffee Day Global settles with creditor; NCLAT sets aside insolvency order
Updated On : 13 Sep 2023 | 2:25 PM IST

From Zomato to CCD, brands are lining up for a ride on Chandrayaan success

As the euphoria around the nation's first successful moon landing slowly winds down, chances are the Brandyaan will roll on for a few more days

From Zomato to CCD, brands are lining up for a ride on Chandrayaan success
Updated On : 24 Aug 2023 | 4:40 PM IST

Cafe Coffee Day logs Q1 net profit of Rs 25 cr, revenue at Rs 223.20 cr

Coffee Day Global Ltd (CDGL), which operates coffee chain CCD, has posted a net profit of Rs 24.57 crore for June quarter 2023-24. In the year-ago period, it incurred a loss of Rs 11.73 crore. Revenue from operations was at Rs 223.20 crore in the quarter under review. It was Rs 189.63 crore in the year-ago period, as per the quarterly results of Coffee Day Enterprises Ltd (CDEL). CDGL is an unlisted company. However, its parent firm CDEL shares the results of the owner and operator of coffee chain Cafe Coffee Day (CCD) every quarter. Total income of CDGL in June quarter 2023-24 was Rs 250 crore. However, its count of cafe outlets reduced to 467 in June quarter both on year-on-year and sequential basis. It was operating 493 outlets in June quarter of FY23 and 469 in the March quarter. Its vending machine count went up to 50,870 in June quarter from 46,603 in the year-ago period. Its ASPD (average sales per day) increased to Rs 20,824 in the June quarter. It was at Rs 19,537 a yea

Cafe Coffee Day logs Q1 net profit of Rs 25 cr, revenue at Rs 223.20 cr
Updated On : 15 Aug 2023 | 3:25 PM IST

NCLAT stays insolvency of Coffee Day Global till next hearing on Sep 20

In a relief to Coffee Day Global Ltd (CDGL), which owns and operates popular Cafe Coffee Day chain, the National Company Law Appellate Tribunal (NCLAT) on Friday stayed an order of NCLT that directed initiation of insolvency proceedings against the company. Passing an interim order, a two-member tribunal of the Chennai bench of the appellate tribunal, issued notices to the Interim Resolution professional and its financial creditor IndusInd Bank and stayed the operations of the order passed by the Bengaluru Bench of the National Company Law Tribunal (NCLT). The NCLAT said it has "found that there are arguable points involved in this appeal, therefore, we issue a formal notice to the Respondents who are already on caveat, enabling it to file its reply." It has directed IRP and IndusInd Bank to file a reply within two weeks up to August 25, 2023, and a rejoinder, if any, be filed by CDGL within two weeks and directed to list the matter for hearing on September 20, 2023. "In the ...

NCLAT stays insolvency of Coffee Day Global till next hearing on Sep 20
Updated On : 11 Aug 2023 | 7:34 PM IST

CCD's parent firm Coffee Day Global admitted for insolvency by NCLT

Based on a petition filed by IndusInd Bank, the NCLT passed an oral order on Thursday to admit the unlisted company for corporate insolvency

CCD's parent firm Coffee Day Global admitted for insolvency by NCLT
Updated On : 24 Jul 2023 | 1:14 PM IST

Younger Indian consumers now prefer cafes over quick-service restaurants

Large chains like Tata Starbucks, Costa Coffee, and Barista have highlighted India as a top growth market, growing in double digits

Younger Indian consumers now prefer cafes over quick-service restaurants
Updated On : 06 Jul 2023 | 1:18 PM IST

'Run like a fiefdom': Sebi slaps Rs 26-crore penalty on Coffee Day

Regulator seeks action to recover Rs 3,500 cr diverted from company

'Run like a fiefdom': Sebi slaps Rs 26-crore penalty on Coffee Day
Updated On : 24 Jan 2023 | 8:38 PM IST

Significant reduction in debt burden to Rs 1,810 cr till Mar 31: Coffee Day

The debt level of Coffee Day Enterprises has been reduced "significantly" to Rs 1,810 crore as on March 31, the company said in its latest annual report. However, there have been certain defaults in repayments of principal and interest of the loans and certain lenders have exercised their rights including recalling the loans, Coffee Day Enterprises Ltd (CDEL) said. "The debt levels have reduced significantly from Rs 7,214 crore as on March 31, 2019 to Rs 1,898 crore as at the end of March 31, 2021 and to Rs 1,810 crore as at the end on March 31, 2022," CDEL added. Following a circular from market regulator SEBI, CDEL on April 6, 2022, had made a disclosure of defaults on payments of interest and repayment of principal amount on loans from banks, financial institutions and unlisted debt securities for the March quarter. "As per the disclosure, the company has defaulted in payment of interest and principal amounting to Rs 230.66 crore on loans/cash credits from banks/financial ...

Significant reduction in debt burden to Rs 1,810 cr till Mar 31: Coffee Day
Updated On : 01 Sep 2022 | 12:57 AM IST

Target, acquirer, board of directors: Understanding a hostile takeover

While some people refer to Adani's acquisition of a stake in NDTV as a hostile takeover, others disagree. Read more to find out what a hostile takeover is

Target, acquirer, board of directors: Understanding a hostile takeover
Updated On : 24 Aug 2022 | 4:51 PM IST

Coffee Day Enterprises' total default at Rs 470.18 cr in Q1FY23

Coffee Day Enterprises reported a total default of Rs 470.18 crore on payments of interest and repayment of principal amount on loans from banks and financial institutions for quarter ended June 30

Coffee Day Enterprises' total default at Rs 470.18 cr in Q1FY23
Updated On : 05 Jul 2022 | 8:01 PM IST

Coffee Day Enterprises settles case with Sebi, pays Rs 69.06 lakh

The order comes after the company approached Sebi to settle the matter, pertaining to alleged violations of LODR (Listing Obligations and Disclosure Requirements) norms under the settlement mechanism

Coffee Day Enterprises settles case with Sebi, pays Rs 69.06 lakh
Updated On : 09 Sep 2021 | 11:58 PM IST

Debt reduced significantly, working on bringing firm back on track: CDEL

Coffee Day Enterprises Ltd (CDEL) said it has reduced debt "significantly" and the management is putting its best efforts to get back the company on track

Debt reduced significantly, working on bringing firm back on track: CDEL
Updated On : 27 Aug 2021 | 9:26 PM IST