Tata Coffee Q4 PAT down -5.12% at Rs40.78cr on 31% spike in raw material input costs

27 Apr 2022 , 08:13 PM

Tata Coffee Ltd reported 11% growth in total revenues yoy for the Mar-22 quarter on consolidated basis at Rs656.26cr.

On a sequential basis, revenues were higher for the quarter by 4.82%. For the full year FY22, the revenues were higher by 4.4% at Rs2,389cr.

Revenues from plantations were up 12.4% at Rs112cr while the revenues from the value added products business was up 11.7% at Rs563cr in the fourth quarter.

The company saw deepening of negative net cash from operations on spike in trade receivables in FY22.

The consolidated net profit for Q4 was down -5.12% at Rs40.78cr while it was down on a sequential basis by -7.88%.

Like most FMCG companies, Tata Coffee also reported a sharp spike of 31% in raw material costs amidst supply chain constraints.

The plantations vertical saw a 43%fall in operating profits at Rs7.95cr while the value added products business saw EBIT up 34.8% at Rs92.68cr in Q4. Net margins stood at 6.21% in Mar-22 quarter compared to 7.27% in Mar-21. The NPMs were lower sequentially compared to 7.07% in Q3.

Financial highlights for Mar-22 compared yoy and sequentially

	Tata Coffee
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 656.26	₹ 591.23	11.00%	₹ 626.07	4.82%
Net Profit (Rs cr)	₹ 40.78	₹ 42.98	-5.12%	₹ 44.27	-7.88%
Diluted EPS (Rs)	₹ 2.18	₹ 2.30		₹ 2.37
Net Margins	6.21%	7.27%		7.07%