Tata Coffee Q2 Net Profit Rises 26.55 pc to Rs 53.66 cr

Total income grew by 1.40 percent during the second quarter of this fiscal to Rs 554.32 cr, compared to Rs 546.63 cr in the year-ago period, primarily due to improved sales of instant coffee in India.
Tata Coffee Q2 Net Profit Rises 26.55 pc to Rs 53.66 cr

Tata Coffee reported a 26.55 percent hike in consolidated net profit for the September quarter at Rs 53.66 crore, driven by value-added businesses. 

Tata’s consolidated net profit during the corresponding quarter of the previous fiscal stood at Rs 42.40 crore, Tata Coffee said in a BSE filing.

The consolidated profit has increased mainly driven by improved performance in the value-added businesses, the company added. 

Total income grew by 1.40 percent during the second quarter of this fiscal to Rs 554.32 crore, compared to Rs 546.63 crore in the year-ago period, primarily due to improved sales of instant coffee in India.

“Despite challenging conditions of unprecedented freight cost increases and inflationary pressures on input costs, including power and packing material, the firm's overall performance has improved. Our Subsidiary, Eight O'Clock Coffee (EOC) has during the quarter recorded improved performance on account of favorable channel mix and better cost management,” Chacko P Thomas, Managing Director, Tata Coffee said.

"Our India instant Coffee performance has been robust. We have seen stable performances across key geographies. Our Vietnam operations continue to be healthy despite higher sea freight costs, and the order pipeline continues to be encouraging," he added.

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