Coffee Day Xpress ExpectsOperating Profits In Two Yrs

New Delhi, Feb 25 | Updated: Feb 26 2004, 05:30am hrs
Coffee Day Xpress, the one-year old division of the Rs 250 crore coffee conglomerate Amalgamated Bean Coffee Trading Company Ltd (ABCTCL) is expecting to make operating profits in the next two years, Coffee Day Xpress president Sandip Mukherjee told mediapersons soon after announcing its expansion plans for Delhi. The division is making profits in five out of the seven cities it is currently operating in, he claimed.

Coffee Day Xpress is a chain of food and beverage kiosk and falls in between the companys two other coffee retailing formats--the traditional cafes branded Cafe Coffee Day and vending called Coffee Day Take Away.

The division has already set up 100 kiosks in Bangalore, Delhi, Mumbai, Kolkatta, Hyderabad and Pune. It hopes to reach the 250 mark by March 2005.

"We are targeting mainly IT corporates and retail petrol pumps for setting up our kiosks," Mr Mukherjee said adding malls, educational institutions, railways, airports and hospitals are also on the agenda.

The Xpress retail food kiosks are already in operation at premises of Ericsson, Airtel, IBM, HCL BPO, Hughes and petrol pumps run by oil majors HPCL, BPCL and IOC.

"The operational success in the IT capital has induced us to draw an aggressive nationwide expansion plan," Mr Mukherjee said.

The Xpress chain plans to increase the presence of kiosks in Delhi from the current 25, it plans to set up 40 Xpress kiosks in and around Delhi by March 2005.