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Tata Coffee has posted a 43% increase in net profit to Rs 40 crore for the first quarter of Fy14, on revenues of Rs 418 crore which inched up by a percent.
The Company’s Profit from operations grew by a good 56% to Rs 92 Crores.
Meanwhile, the company has announced that Harish Bhat, CEO & MD, Tata Global Beverages Limited has been appointed as Chairman of Tata Coffee Limited.
Tata Coffee is a subsidiary of Tata Global Beverages and Bhat has served on the Board of Tata Coffee as a non-Executive Director since July 2012. Bhat replaces R Krishnakumar who retired recently.
In another management move, T Radhakrishnan has been inducted to the Board of Tata Coffee Limited.
He will be designated as Executive Director – Instant Coffee Operations. Radhakrishnan joined Tata Coffee in 2010 looking after the company’s Instant Coffee business.
