Tata Coffee Q2 PAT up 75% at Rs 18 cr

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Tata Coffee Q2 PAT up 75% at Rs 18 cr

Tata Coffee has announced its second quarter results. The company's consolidated Q2FY12PAT up 75% at Rs 18 crore versus Rs 10 crore, year-on-year, YoY.

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Tata Coffee has announced its second quarter results. The company's consolidated Q2FY12 PAT was up 75% at Rs 18 crore versus Rs 10 crore, year-on-year, YoY.

Its total income was up 39% at Rs 416 crore versus Rs 299 crore and the expenditure was up 51% at Rs 384 crore versus Rs 255 crore

Its EBITDA was down 24% at Rs 41 crore versus Rs 53 crore. The company's OPM at 9.78% versus 17.86%.

Its raw material cost was up 1.27 times at Rs 189 crore. Sales, promotion and selling expenses was up 91% at Rs 74 crore.

The company's interest cost was down 26% at Rs 9 crore

Segment Performance

-Coffee and other produce revenues up 42% at Rs 396 crore; EBIT down 20% at Rs 34 crore.

-Tea revenues up 0.4% at Rs 13.34 crore; EBIT: loss of Rs 1.44 crore versus loss of Rs 5 lakh.

-Estate supplies division revenues was up 11% at Rs 10 cr; EBIT was down 52% at Rs 8 lakh.

-Margins impacted primarily on account of 'Eight 'O' Clock' (EOC) Coffee which has seen a sharp escalation in raw material costs.

Performance of Instant Coffee division has improved significantly with higher production and sales, YoY.