Tata Coffee Touches 52-Week High On Jump In Net Profit

Tata Coffee reported a 26.55 per cent growth in consolidated net profit at Rs 53.66 crore during the September 2021 quarter as against Rs 42.40 crore in corresponding quarter of previous fiscal

Tata Coffee Touches 52-Week High On Jump In Net Profit

At 12:45 pm, Tata Coffee shares were trading at Rs 245.80, up 4.95 per cent, on the BSE

Tata Coffee shares zoomed around 8 per cent to touch a 52-week high on the BSE on the back of a 26.55 per cent growth in consolidated net profit in the September quarter. Tata Coffee reported a 26.55 per cent growth in consolidated net profit at Rs 53.66 crore during the quarter ended September 2021 as against Rs 42.40 crore during the corresponding quarter of the previous fiscal.

The company's total income grew by 1.40 per cent during the quarter to Rs 554.32 crore. The income was Rs 546.63 crore in the same quarter last year.

At 12:45 pm, Tata Coffee shares were trading at Rs 245.80, up 4.95 per cent, on the BSE. The shares have touched an intra-day high of Rs 254 and a low of Rs 240 thus far. The BSE Sensex and NSE Nifty were trading higher by 0.5 per cent at the time.

Tata Coffee is coffee company owned by the Tata Consumer Products, which is a subsidiary of the Tata Group.

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