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Tata Coffee Q2 profit up 85%

Plantation segment revenue declined 7% to Rs 78 cr

T E Narasimhan  |  Chennai 

Tata Coffee has reported an 85-per cent growth in profit during July-September quarter at Rs 24 crore as against Rs 13 crore, a year ago. The growth was driven mainly by instant coffee and the value-added business. Revenue from value-added business, which includes products such as flavoured coffee or tea, for the quarter was around Rs 115 crore as against Rs 111 crore last year, up by four per cent. The company’s operating profits of instant coffee and value-added products registered a substantial improvement at Rs 23 crore as compared to Rs 13 crore, an ...

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