Coffee Day Enter Q1 FY27 Results (NSE: COFFEEDAY)
Signal: Growth reaccelerated
The read
The operating trajectory is not yet a recovery: consolidated revenue grew 8% YoY to ₹289.9 Cr and EBITDA was ₹50.7 Cr at a 17.5% margin, but PAT fell 96% to ₹0.84 Cr from ₹28 Cr and the consolidated auditor flagged other income at 100.3% of PBT; the recent Q4FY26 margin expansion to 18% therefore has not translated into durable bottom-line quality.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹289.9 Cr | 8% | N/A |
| EBIT | ₹22.15 Cr | N/A | |
| Net profit | ₹0.84 Cr | -96% | |
| EPS | ₹0.04 | N/A | |
| EBIT margin | 17.5% |
P&L walk
Consolidated revenue rose to ₹289.9 Cr, up 8% YoY, while EBITDA was ₹50.7 Cr with a 17.5% margin; EBIT of ₹22.15 Cr converted into only ₹0.84 Cr PAT because PBT was ₹3.29 Cr and other income of ₹3.3 Cr represented 100.3% of PBT.
Segments
No consolidated segment results table is disclosed; the material divergence is between consolidated revenue of ₹289.9 Cr and standalone revenue of ₹54.23 million, while standalone PAT of ₹69.98 million was exceptional-gain driven.
Key positives
- Consolidated revenue increased 8% YoY to ₹289.9 Cr from ₹269 Cr, maintaining positive year-on-year growth despite the company’s 3-year sales CAGR of -3.76%.
- Consolidated EBITDA was ₹50.7 Cr at a 17.5% margin; this remains above the 12% OPM reported in Q1FY26 in the prior-results series.
- Standalone finance costs declined to ₹19.44 million from ₹36.65 million in Q1FY26, although debt covenant breaches remain unresolved.
Key concerns
- PAT dropped 96% YoY to ₹0.84 Cr from ₹28 Cr despite ₹50.7 Cr EBITDA, showing weak conversion from operating earnings to shareholder profit.
- Standalone operating economics remained fragile: ₹54.23 million revenue produced only ₹0.11 million EBITDA and negative ₹0.04 million EBIT before an ₹89.80 million exceptional gain.
- The group’s EBITDA highlight of ₹52 Cr was down 32% YoY because the Q1FY26 comparison included ₹35 Cr of one-time gains; underlying comparability remains poor.
Earnings quality: includes non-operating other income
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