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Tata Coffee
Tata Coffee on Thursday received the board's approval for the capacity expansion of its Vietnam-based wholly-owned subsidiary firm at an investment of Rs 450 crore. The board has approved the setting up of an additional 5,500-tonne freeze-dried coffee facility in Vietnam, the company said in a regulatory filing. Tata Coffee said the additional capacity would be created with an investment of USD 53.3 million (approximately Rs 450 crore). The funds will be sourced from internal accruals and bank financing, it said. The company said the current capacity of Tata Coffee Vietnam Company is about 5,000 tonnes. About 96 per cent of the total capacity is under utilisation. The additional capacity which is proposed to be added in next two years aims to cater to growing demand for freeze-dried product, it added.
Tata Group company Tata Coffee on Thursday reported a 151.14 per cent decline in consolidated net profit to Rs 56.70 crore for the second quarter ended September 30. The company's consolidated net profit stood at Rs 142.40 crore a year ago, Tata Coffee said in a regulatory filing. Its revenue from operations declined 3.10 per cent to Rs 695.95 crore during the quarter under review compared to Rs 718.26 crore in the year-ago period. Shares of the company on Thursday closed at Rs 258.65 apiece, down 0.48 per cent on BSE.
Tata Coffee on Wednesday reported a 5 per cent fall in consolidated net profit at Rs 62.06 crore for the quarter ended June. Its net profit stood at Rs 65.49 crore in the year-ago period. Total income, however, rose to Rs 707.93 crore in the first quarter of this fiscal from Rs 666.05 crore in the corresponding period of the previous year, Tata Coffee said in a regulatory filing. The rise in total income was driven by higher realisations in plantation coffee and instant coffee businesses both in India and Vietnam. "Tata Coffee's Vietnam operations continue to deliver strong sales with improved profitability driven by higher sales of premium products. It has a robust healthy order pipeline," it said. The operating performance of EOC (Eight O'clock Coffee) business was impacted during the June quarter by lower bag volumes and higher input costs. "The Group's consolidated profit for Q1, FY'24 is marginally lower at Rs 62 crore compared to Rs 65 crore in the corresponding quarter of
Tata Coffee on Tuesday reported a 44.71 per cent decline in consolidated net profit during the December quarter at Rs 38.40 crore. The consolidated net profit of Tata Coffee Ltd (TCL) stood at Rs 69.46 crore in the year-ago period, it said in a regulatory filing. Consolidated total income for the quarter witnessed a 19.13 per cent growth during the October-December period at Rs 754.76 crore as compared to Rs 633.52 crore in the corresponding period previous year, driven by higher realisations in Eight O' Clock Coffee (EOC) and instant coffee businesses of the company. The company, a subsidiary of Tata Consumer Products formerly known as Tata Global Beverages, stated that the improved price realisations driven by superior product mix in instant coffee business both in India and Vietnam has aided the company's quarter performance. The operating performance of EOC business was impacted during the quarter under review by higher input and other costs, which are expected to ease over com