Tata Coffee’s Q1 Net Profit Slumps 34%

On the other hand, its total income from operations during the period went up marginally by over 4%. The total income in the quarter under review was Rs 168.07 crore as compared to Rs 161.01 crore in the corresponding quarter of last fiscal.

Tata Coffee has reported the net profit of Rs 30.31 crore on a consolidated basis. It was 25% less compared to Rs 40.38 crore of the corresponding last quarter. Total income from operations dropped by 11% to Rs 374.52 crore as compared to Rs 418.46 crore in the corresponding quarter of the last fiscal.

According to a release issued by the company, the revenues from the instant coffee segment rose to Rs 86 crore as compared to Rs 76 crore in the quarter under review during last fiscal.

Tata Coffee Managing Director Hameed Huq said: “Our premium value propositions have allowed us to gradually move away from commodity price volatilities. The global instant coffee market is showing steady recovery after a slow-down in some markets. The new capacities we have put in place will help us strongly leverage such growth.”

Exports of instant coffee during the quarter under review grew by 20% to 1,836 tonnes as compared to 1,535 tonnes in the corresponding quarter of the last fiscal.