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Jul, 23 2014

Tata Coffee records fall

Recorded a fall of 24.9 percent in June quarter.

Tata Coffee, the Bangalore based coffee production company has recorded a 24.9 percent fall in consolidated net profit to Rs 30.31 crore for the quarter ended June 30.

The total income from operations is lower by 11 percent at Rs 374.52 crore during the first quarter of 2014-15, against Rs 418.46 crore in the corresponding period last year.

However, the instant coffee business recorded good growth with revenues starting Rs 86 crore for the quarter.

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