Tata Coffee slumps ~2% despite posting growth in Q4 -; FY22 numbers

27 Apr 2022 , 11:16 AM

Tata Coffee Limited announced its Standalone and Consolidated results for Q4FY22 and FY22. The company has reported a jump of 8% yoy in total consolidated income for Q4FY22. While PAT for the quarter under review witnessed a growth of 12% yoy.

Company’s Net Sales stood Rs656.26 crore in March 2022, up by 11% yoy as against Rs591.23 crore in March 2021. Its Quarterly Net Profit was reported at Rs40.78 crore in March 2022, down 5.12% yoy as compared to Rs42.98 crore in March 2021.

EBITDA for FY22 stands at Rs118.14 crore, registering growth of 2.53% yoy against Rs115.23 crore in FY21.

The company reported that revenues from the Instant Coffee business consisting of India and Vietnam grew by 8.7% during the quarter, fuelled by improved realisations despite lower exports from India consequent to delay in despatches. For the financial year ended March 2022, the Revenues from the Instant Coffee business grew by 20.3% with improved margins.

Profitability for the Plantations Segment Q4FY22 was lower as compared to the previous corresponding quarter. For the financial year, the profitability of Coffee and Pepper has nearly doubled aided by improved prices; however, the Tea Operations were adversely impacted due to lower crop, and additionally, Tea prices during FY21 were at record levels.

Eight O’Clock [EOC] registered robust performance during the quarter primarily moved by improved realisations.

The Board has also recommended a Dividend of Rs2 per share of Rs10 each for the year ended March 31, 2022.

Tata Coffee is currently trading at Rs218.95 down by Rs5.15 or 2.3% from its previous closing of Rs224.10 on the BSE. The scrip opened at Rs222 and has touched intraday high and low of Rs223.05 and Rs218.65 respectively.