Tata Coffee gains after Q3 PAT spurts 38% YoY to Rs 69 cr

31 Jan 2022 , 12:58 PM

The groups consolidated profit for Q3 FY22 is higher at Rs 69.46 crore driven by improved operating performance in the value-added businesses.

Consolidated total income for the quarter was higher at Rs 634 crore as compared to Rs 538 crore for the corresponding quarter of the previous year, registering an increase of 18% driven primarily by improved performance in the value-added businesses. Consolidated profit before tax (PBT) surged 34.9% to Rs 91.72 crore in Q3 FY22 from Rs 67.98 crore in Q3 FY21.

Tata Coffees Vietnam operations continue to deliver improved operating performance, despite inflationary ocean freight costs. As per the companys press release, both production and sales volume continue to show steady improvements over the corresponding quarter of the previous year.

Commenting on the Q3 performance of the company and the group, Chacko P Thomas, the managing director of Tata Coffee, has said, Despite challenging conditions of unprecedented freight cost increases and inflationary pressures on input costs, including power and packing material, our overall performance has improved. Our India Instant Coffee performance has been robust. We have seen stable performances across key geographies. Our Vietnam operations continue to be healthy despite higher sea freight costs and order pipeline continues to be encouraging. Our Plantation performance of Coffee and Pepper have also been good. Our Subsidiary, Eight OClock Coffee [EOC] has during the quarter recorded improved performance on account of better realisations and favourable channel mix.

Tata Coffee is a subsidiary of Tata Consumer Products. It is Asias largest integrated coffee company, the second largest exporter of instant coffee and foremost producer of specialty coffee in India.

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