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Home >> Market >> News >> News Details

Hot Pursuit
12-Jul-2018     11:23

Coffee Day Enterprises gains on signing pact with Uber Eats

The announcement was made after market hours yesterday, 11 July 2018.

Meanwhile, the S&P BSE Sensex was up 322.59 points, or 0.89% to 36,588.52.

On the BSE, 6948 shares were traded in the counter so far compared with average daily volumes of 14,000 shares in the past two weeks. The stock had hit a high of Rs 271.90 and a low of Rs 267.15 so far during the day.

The stock hit a record high of Rs 374.60 on 22 January 2018. The stock hit a 52-week low of Rs 204.65 on 25 September 2017.

Coffee Day Enterprises announced that its material subsidiary, Coffee Day Global (CDGL), has entered in to an agreement with UBER Portier.B.V wherein CDGL is partnering with UBER for obtaining technology services through the 'UberEats' mobile application in order to enable distribution of food products. This may help to augment the retail sale. Tenure for the contract shall be for a period of 5 years.

On a consolidated basis, Coffee Day Enterprises' net profit rose 36.36% to Rs 34.50 crore on 26.47% increase in net sales to Rs 1130.30 crore in Q4 March 2018 over Q4 March 2017.

Coffee Day Enterprises is the parent company of the Coffee Day Group which houses the coffee selling restaurants Café Coffee Day.

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