Tata Coffee hits 52-week high ahead of Q1FY22 results

The stock climbed nearly 2% ahead of financial results for the quarter ended June 30, 2021.

Jul 28, 2021 12:07 IST India Infoline News Service

High angle view of two business executives working at the stock exchange
Shares of Tata Coffee hit a 52-week high at Rs246.75 on the BSE in the early morning trade. The stock climbed nearly 2% ahead of financial results for the quarter ended June 30, 2021.

In Q4, Tata Coffee Ltd reported 14.42% yoy growth in consolidated sales revenues for the Mar-21 quarter at Rs591.23cr. The plantations business saw a yoy growth of 44% at Rs96.63cr while the value added products business witnessed a growth of 10.3% at Rs503.42cr on a yoy basis. Revenues were also higher by 11% on a sequential basis.

The consolidated profit after tax (PAT) for the Mar-21 quarter was up 335.9% at Rs42.98cr. This was on account of the operational benefits due to revenues and other income growing much faster than the costs. Net profit margins or NPM improved from 1.91% to 7.27% on a yoy basis. Even on a sequential basis, the net margins were higher.

The stock is currently trading at Rs240 up by Rs4.6 or 1.95% from its previous closing of Rs235.40 on the BSE.

The scrip opened at Rs239.90 and has touched a high and low of Rs246.75 and Rs233.55 respectively.

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