Tata Coffee Stock Price News: Tata Coffee Rises After Standalone Profit Surges 10 Times In March Quarter
Tata Coffee rose as much as 9.27 per cent to hit fresh 52-week high of Rs 139.85. Shares of Tata Coffee rose as much as 9.27 per cent to hit fresh 52-week high of Rs 139.85 after its standalone profit surged 10 times to Rs 40 crore from Rs 3.99 crore during the same quarter last year. Its revenue from operations rose 30 per cent to Rs 219 crore from Rs 167 crore during the same quarter last year. For financial year 2021, Tata Coffee's net profit came in at Rs 101 crore compared with Rs 73 crore during the previous financial year. "Volume and pricing pressures on Instant Coffee business due t...