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Tata Coffee soars 16% as net profit grows 77% YoY in June quarter

Consolidated total income, on the other hand, rose 26 per cent year-on-year (YoY) at Rs 592 crore

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The trading volumes on the counter jumped five-fold with a combined 4.04 million equity shares changing hands on the NSE and BSE | Photo: Shutterstock

SI Reporter Mumbai

2 min read Last Updated : Jul 29 2020 | 9:45 AM IST

Shares of Tata coffee soared 16 per cent to Rs 96.80 in the early morning trade on the BSE on Wednesday after the company reported robust performance for the April-June (Q1FY21) quarter. The Tata Group company's consolidated net profit increased by 77 per cent to Rs 62 crore on the back of strong volumes growth, as against Rs 35 crore profit clocked in the previous year quarter.

Consolidated total income, on the other hand, rose 26 per cent year-on-year (YoY) at Rs 592 crore compared to Rs 472 crore for the corresponding quarter of the previous year, driven by improved performance

Topics : Buzzing stocks Tata Coffee Markets

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