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
