Tata Coffee Q2 net profit rises 26.55% to Rs 53.66 cr, sees improved sales of instant coffee
Tata Coffee Q2 net profit rises 26.55% to Rs 53.66 cr, sees improved sales of instant coffee

Tata Coffee on Monday reported a 26.55 per cent jump in consolidated net profit for the September quarter at Rs 53.66 crore, driven by value-added businesses.

The company's consolidated net profit during the corresponding quarter of the previous fiscal stood at Rs 42.40 crore, said the company in a BSE filing.

As per the statement, total income grew by 1.40 per cent during the second quarter of this fiscal to Rs 554.32 crore, compared to Rs 546.63 crore in the year-ago period, primarily due to improved sales of instant coffee business in India.

"Our India Instant Coffee performance has been robust. We have seen stable performances across key geographies. Our Vietnam operations continue to be healthy despite higher sea freight costs, and the order pipeline continues to be encouraging,” shared Chacko P Thomas, MD, Tata Coffee.

The brand’s subsidiary Eight O'Clock Coffee (EOC) has during the quarter recorded improved performance on account of favourable channel mix and better cost management.

 
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