Thursday, October 24, 2019
News

Tata Coffee reports total income of Rs 757 crore in FY19

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

| April 20, 2019 12:11:43 PM IST
Tata Coffee, a subsidiary of Tata Global Beverages and Asia's largest integrated coffee company, has reported standalone total income of Rs 757 crore in April to March 2018-19 compared to Rs 762 crore in the previous financial year.

The profit after tax was Rs 72 crore against Rs 63 crore in the same period due to an improved plantation and instant coffee performance as well as on the sale of its non-core fixed assets.

For the quarter ended March 31, the company reported a total income at Rs 212 crore compared to Rs 207 crore during January to March 2018. Profit after tax was higher at Rs 12 crore compared to Rs 4 crore in the same period.

"The offtakes to Africa and European geographies continue to be strong and our focus on customer acquisition in new geographies has enabled a robust and healthy order book," said Tata Coffee's Managing Director Chacko Thomas.

"While volumes are high, the instant coffee business continues to be under margin pressure due to the current competitive scenario in the industry and hardening rupee," he said.

On March 6, the company unveiled its first off-shore freeze-dried coffee production plant in Vietnam with a capacity of 5,000 million tonnes per annum.

Tata Coffee produces 8,000 to 10,000 million tonnes of shade-grown Arabica and Robusta coffees at 19 estates in south India. Its two instant coffee manufacturing facilities have a combined installed capacity of 8,400 million tonnes.

lt exports green coffee to 40 countries in Europe, Asia, the Middle East, and North America. (ANI)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Fuel retail opens up: Stores, biggies ma...
Centre's rabi MSP hike modest, says expe...
SC verdict defining telecom operators' A...
L&T's overall Q2 consolidated net profit...
India, Taiwan ties on upward trajectory:...
India jumps 14 notches, ranked 63rd in E...
More...
 
INDIA WORLD ASIA
Congress will get majority: BS Hooda...
Army Chief reviews 2-day drill of Easter...
Maharashtra polls: Aaditya Thackeray lea...
No clean air for Delhi as AQI remains 'p...
BJP leads in early trends in Maharashtra...
Ties with Turkey dip further, India issu...
More...    
 
 Top Stories
Pooja Bhatt opens up on 'grappling ... 
Jason Momoa's new role made him ‘... 
Lizzo hits back at plagiarism accus... 
J-K: Polling begins for BDC electio... 
Congress will get majority: BS Hood... 
Haryana CM Manohar Lal Khattar lead... 
JJP will have key of Haryana Vidhan... 
Champions League: Liverpool defeat ...