Coffee Service

Tata Coffee lifts Q2 2023 profit 300+%

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October 17, 2022

Tata Coffee Ltd., a division of Mumbai, India based Tata Consumer Products, lifted its consolidated net profit 317.6% from Rs 34 crore ($8.5 million) in Q3 2022 to RS142 crore ($35.5 million) for the quarter ending Sept. 30, 2022 according to a report posted on moneycontrol.com, a financial news website. Highlights include:

• Tata Coffee's profit also increased 215% from Q1 2023 to Q2 2023.
• Revenue from operations jumped 30.7% from Rs 549 ($137.25 million) crore to Rs 718 crore ($179.5 million) during the comparative quarters.
• Revenue growth in extractions was around 26% while revenue growth in the plantations was around 77%.
• Inflationary pressure continues to impact earnings, and the Eight O'Clock Coffee subsidiary has achieved higher revenues but higher costs and a lag in pricing recovery has impacted profits, said Chacko Thomas, managing director, Tata Coffee Ltd.

Tata Coffee brands include Eight O'Clock, Tata Coffee Grand, Sonnets by Tata Coffee, Tata Coffee Gold, Tata Coffee Quick Filter and Tata Coffee Gold Coffee.