This Tata Group stock clocked 74% returns in 3 months, hit all-time high today
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Tata Coffee logs new all-time high; stock zooms 60% in a month
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Tata Coffee rallied 4.42% to Rs 133.50 after the company s consolidated net profit soared 138.5% to Rs 57.37 crore on 14.4% jump in net sales to Rs 591.23 crore in Q4 FY21 over Q4 FY20.
Consolidated total income for the quarter stood higher at Rs 612 crore as compared to Rs 523 crore for the corresponding quarter of the previous year, registering an increase of 17% Y-o-Y (year-on-year), driven by improved performance from the plantations business partly offset by the group s value- added businesses, which had a marginal decline due to the pandemic induced logistics issues as well as muted demand in specific geographies.
Good operating performance from Eight O Clock Coffee [EOC] driven by higher sales realisations and favourable channel mix. Tata Coffee Vietnam operations continue to improve with robust sales to key customers and healthy order pipeline.