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.