Tata Coffee net rises 56% to 16cr

Tata Coffee, India's largest producer of coffee and exporter, today posted a net profit increase of 56.36 per cent at Rs 10.93 crore for the quarter ended September 30, 2010 as against Rs 6.99 crore posted for the same quarter a year earlier

Income from operations grew by 24.47 per cent to 105.64 crore for the reporting period as compared to Rs 84.87 crore posted same period last year. The company said in a filing to the Bombay Stock Exchange.

"Instant coffee operations which were adversely affectedby the global recession in the previous years has made significant improvement in its performance with higher volume of production and sales compared to previous period", stated the company in a statement.