Food ProcessingSectors
Even Amid COVID, TATA Coffee Registered Net Profit Growth by 77%
Tata Coffee Ltd 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.
Experts are saying that this growth came from the increase in sales during the lockdown days.
