Analyst's Diary: This coffee chain is brewing a comeback

Coffee Day Enterprises, the owner of the restaurant chain Cafe Coffee Day or CCD, was once at the forefront of India's soaring coffee culture. However, in recent years, the company has experienced a rollercoaster of challenges. The company's debt soared from around Rs 4,000 crore in FY15 to more than Rs 7,000 crore in FY19. Reason? Mismanagement. The untimely death of its founder, VG Siddhartha, added to the distress. All these events led to the company's share price to plummet about 90 per cent between 2018-2021.