Tata Coffee Update

The results were surprising on the upside, that is driving today's move.

“The Tata Group company's consolidated net profit increased by 77 per cent to Rs 62 crore on the back of strong volumes growth, as against Rs 35 crore profit clocked in the previous year quarter.

The strong operating performance from Eight' Clock Coffee (EOC) was driven by higher volumes. Tata Coffee Vietnam Company (TCVCL) operations, too, continue to improve with robust sales to key customers,†Tata Coffee said in a press release." Read Full post at this link

https://www.business-standard.com/article/markets/tata-coffee-soars-16-on-robust-june-quarter-results-120072900263_1.html