Tata Coffee brewed it better at COVID-19 times; net profit up by 77%

Tata Coffee brewed it better at COVID-19 times; net profit up by 77%

AgenciesUpdated: Wednesday, July 29, 2020, 12:06 AM IST
article-image
Representational Image |

Tata Coffee Ltd on Tuesday reported a 77 per cent increase in consolidated net profit at Rs 62 crore for the quarter ended June.

Its net profit stood at Rs 35 crore in the year ago period.

"Consolidated total income for the quarter higher at Rs 592 crore compared to Rs 472 crore for the corresponding quarter of the previous year, an increase of 26 per cent, driven by improved performance from the value-added businesses," Tata Coffee said in a regulatory filing.

RECENT STORIES

Govt Issues Notices To Major Edible Oil Firms For Failing To File Mandatory Production Returns
Govt Issues Notices To Major Edible Oil Firms For Failing To File Mandatory Production Returns
Over 40 Lakh FASTag Annual Passes Sold Within Months, Adoption Touches 20 Per Cent Of Car Users:...
Over 40 Lakh FASTag Annual Passes Sold Within Months, Adoption Touches 20 Per Cent Of Car Users:...
RBI Gives In-Principle Nod To Japan’s SMBC To Set Up Wholly-Owned Subsidiary In India
RBI Gives In-Principle Nod To Japan’s SMBC To Set Up Wholly-Owned Subsidiary In India
India’s GDP Likely To Grow 7.5–7.8 Per Cent In FY26 On Festive Demand, Services Boost: Deloitte...
India’s GDP Likely To Grow 7.5–7.8 Per Cent In FY26 On Festive Demand, Services Boost: Deloitte...
Makar Sankranti 2026: Avoid Flying Kites Near Power Transmission Lines, Warns Adani Electricity
Makar Sankranti 2026: Avoid Flying Kites Near Power Transmission Lines, Warns Adani Electricity