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Tata Coffee Ltd, a subsidiary of Tata Global Beverages, said first quarter profits fell 16.8% to Rs 25.4 crore due to increase in raw material costs, while the company is pushing for more premium products.
Revenue grew by 6% to Rs 396.04 crore from improved business of its US subsidiary Eight O Clock coffee.
Tata Coffee had reported profits of Rs 30.31 crore on revenue of Rs 374.52 crore in the quarter ended June 2014, a statement said.
"The company’s focus on value-addition and growth of premium differentiated coffees continue to remain a key driver of our strategy. Our premium value propositions provide us good insulation from commodity price volatilities," said Sanjiv Sarin, Managing Director, Tata Coffee Limited in a statement.
