InvestorQ : Why did the stock of Tata Coffee rally so sharply after the results?
Katherine Gonsalves made post

Why did the stock of Tata Coffee rally so sharply after the results?

Answer
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Rutuja Nigam answered.
3 months ago


Tata coffee was up by 16% after the company reported a smart performance for the Jun-20 quarter. Net profits increased by 77% to Rs 62 crore on the back of strong volumes growth. Total income was up 26% at Rs 592 crore. The better than expected was largely driven by improved performance from the value-added businesses.

EBITDA grew 37 per cent YOY at Rs 115 crore, while margins improved to 19.56%. Tata Coffee is a subsidiary of Tata Consumer Products, formerly known as Tata Global Beverages. Tata Coffee is Asia's largest integrated coffee manufacturer. Trading volumes on the counter jumped 5-fold and the profits numbers are likely to see the markets buoyant.