Coffee Day Share
Coffee Day Enterprises is being discussed everywhere in the stock market these days. The company, which was almost broken a few years ago, is flying fast. This company is the original company of Cafe Coffee Day (CCD), which is getting rid of heavy debt and crisis in 2019.
Coffee Day Enterprises started in 1993 and was an example of profit in the early years. But since 2015, the company faced a difficult period. The investment in the real estate and logistic sector of the owner VG Siddharth caused huge losses. By the year 2019, the company’s debt mountain reached around Rs 7000 crore. Amidst these problems, in July 2019, Siddharth jumped into the river and gave his life.
Malavika Hegde became a ray of hope
Siddharth’s death shook the company completely. After them, the price of the company’s shares fell from Rs 300 to more than Rs 20. Investors were seen drowning their money. Many investors had sold these shares in fear due to fear, because they feared that the remaining money would also be drowned. But Siddharth’s wife Malavika refused to give up.
Malvika Hegde took over the command of the company in 2021 and not only took the company out of the loss, but also repaid a loan of more than Rs 1500 crore. He played an important role in reducing the expenses and bringing new business agreements to bring the company on the right path again. Today the company’s debt has been less than Rs 500 crore.
New round of boom in shares
The shares of Coffee Day have started showing a boom again. Although they could not reach their old high levels, but investors are constantly giving profits. The company’s net revenue has increased to Rs 263 crore in the first quarter of 2025, compared to Rs 248 crore in the same quarter last year. The loss has also reduced considerably to just Rs 11 crore, which is a good sign for investors.
In the last eight months, this stock has given about 100% returns. Meaning if you had put one lakh rupees in this stock in January, now your amount would have been close to two lakhs. At the same time, in the last one month, the share price has increased by more than 30%, while in six months this rise has reached above 80%.
Disclaimer: This article is only for information and should not be considered as an investment advice in any way. TV9 India suggests its readers and spectators to consult their financial advisors before taking any decision related to money.