Espresso Day posts Rs 190 crore loss in Q2 – ET Retail


Coffee Day posts Rs 190 crore loss in Q2 BENGALURU: Espresso Day Enterprises (CDEL), which runs the Cafe Espresso Day chain, reported a lack of Rs 190 crore for the quarter ended September 30, 2019, in comparison with a revenue of Rs 24 crore in the identical interval the 12 months earlier than, in keeping with its management-compiled numbers.

The inventory exchanges had warned that CDEL’s shares could be suspended from buying and selling if it didn’t disclose its first quarter and half yearly outcomes by January 29 in keeping with Sebi norms. Whether or not the management-compiled numbers would fulfill the exchanges stays to be seen.

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