Some PVR Inox properties will now sell Costa Coffee beverages

5 Oct 2023 , 02:10 PM

Select PVR Inox properties now have access to Costa Coffee’s hot and cold beverage options, according to the parent firm Devyanti International’s Wednesday, October 4 stock exchange announcement.

Five of the previous six trading sessions and nine of the previous twelve trading sessions saw losses for the company’s stock. Despite this, its value has increased significantly this year, by 20.4%, and by 48.1% during the last six months.

For well-known companies like Pizza Hut, KFC, Costa Coffee, and Vaango, Devyani International specializes in the construction, management, and operation of quick-service restaurants and food courts.

The company reported a consolidated loss of Rs 1.59 crore for the June quarter in the first quarter of this fiscal year, which is a stark contrast to the Rs 74.8 crore profit in the same period the previous year.

Total sales for the first quarter was Rs 846.6 crore, up 20% from Rs 704.7 crore in the same period last year.

Sequentially, the company reported Rs 173 crore in earnings before interest, tax, depreciation, and amortisation (EBITDA), and its EBITDA margin increased by 50 basis points to 20.5%, indicating growth.

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