 "Tata Coffee Q3 net grows 66% to Rs 31 crore")
Net profit in the same quarter last year stood at Rs 18.3 crore.
Tata Coffee's income from operations grew 9% to Rs 439.4 crore in October-December of 2015-16 compared with Rs 403 crore a year ago, it said in a BSE filing.
Also Read
Its overall expenses stood at Rs 383.5 crore compared with Rs 369.1 crore in the third quarter of the previous fiscal, up 3.9%.
Tata Coffee, a subsidiary of Tata Global Beverages Ltd (TGBL) and India's third-largest exporter of instant coffee, had acquired the Eight O' Clock (EOC) Coffee Company in 2006 for USD 220 million by borrowing funds. Today, it's part of the TGBL family of brands such as Tata Tea and Tetley.
The stock was trading at Rs 98.55, up 1.86%, on BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%