Business Standard

Tata Coffee logs 75% growth in Q2 net

BS Reporter  |  Bangalore 

on Monday reported 75 per cent jump in its consolidated at Rs 17.5 crore for the second quarter ended September 30 compared to the corresponding quarter last fiscal.

Its total income for the quarter increased by 39 per cent to Rs 416.5 crore as against the year-ago period.

The company reported 27.4 per cent drop in its operating profit for the period at Rs 32 crore as against Rs 44 crore in the same period last year.

This was primarily due to the performance of Eight 'O' Clock Coffee in the current period, which has been impacted on account of sharp escalation in the raw material cost.

During the six-month period, EOC’s total income was $111.14 million as against $92.71 million in the previous year.

During the first six months of the current fiscal, Limited as a standalone entity has registered a record turnover, profit before tax and profit after tax. The performance of the instant coffee division has significantly improved with higher volume of production and sales compared to previous period.

The company’s stock closed at Rs 874.70 on BSE on Monday, showing a drop of 1.35 per cent over the previous close.

RECOMMENDED FOR YOU

Tata Coffee logs 75% growth in Q2 net

Tata Coffee on Monday reported 75 per cent jump in its consolidated net profit at Rs 17.5 crore for the second quarter ended September 30 compared to the corresponding quarter last fiscal.

on Monday reported 75 per cent jump in its consolidated at Rs 17.5 crore for the second quarter ended September 30 compared to the corresponding quarter last fiscal.

Its total income for the quarter increased by 39 per cent to Rs 416.5 crore as against the year-ago period.

The company reported 27.4 per cent drop in its operating profit for the period at Rs 32 crore as against Rs 44 crore in the same period last year.

This was primarily due to the performance of Eight 'O' Clock Coffee in the current period, which has been impacted on account of sharp escalation in the raw material cost.

During the six-month period, EOC’s total income was $111.14 million as against $92.71 million in the previous year.

During the first six months of the current fiscal, Limited as a standalone entity has registered a record turnover, profit before tax and profit after tax. The performance of the instant coffee division has significantly improved with higher volume of production and sales compared to previous period.

The company’s stock closed at Rs 874.70 on BSE on Monday, showing a drop of 1.35 per cent over the previous close.

image
Business Standard
177 22

Tata Coffee logs 75% growth in Q2 net

on Monday reported 75 per cent jump in its consolidated at Rs 17.5 crore for the second quarter ended September 30 compared to the corresponding quarter last fiscal.

Its total income for the quarter increased by 39 per cent to Rs 416.5 crore as against the year-ago period.

The company reported 27.4 per cent drop in its operating profit for the period at Rs 32 crore as against Rs 44 crore in the same period last year.

This was primarily due to the performance of Eight 'O' Clock Coffee in the current period, which has been impacted on account of sharp escalation in the raw material cost.

During the six-month period, EOC’s total income was $111.14 million as against $92.71 million in the previous year.

During the first six months of the current fiscal, Limited as a standalone entity has registered a record turnover, profit before tax and profit after tax. The performance of the instant coffee division has significantly improved with higher volume of production and sales compared to previous period.

The company’s stock closed at Rs 874.70 on BSE on Monday, showing a drop of 1.35 per cent over the previous close.

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard