Moneycontrol PRO
HomeNewsBusinessStocksTata Coffee share price up 12% on impressive Q1 numbers

Tata Coffee share price up 12% on impressive Q1 numbers

The consolidated income of the company for the June quarter was at Rs 592 crore compared to Rs 472 crore in the year-ago period.

July 29, 2020 / 10:22 IST
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Tata Coffee share price surged almost 12 percent intraday on July 29, a day after the company declared its June quarter numbers.

    Consolidated total income of the company for the quarter was higher at Rs 592 crore compared to Rs 472 crore for the corresponding quarter of the previous year, an increase of 26 percent, driven by improved performance from the value-added businesses, the company said in an exchange filing.

    Strong operating performance from Eight O' Clock Coffee (EOC) was driven by higher volumes. TCVCL operations continued to improve with robust sales. Consequently, the group's consolidated net profit for Q1FY21 was higher at Rs 62 crore compared to Rs 35 crore for the corresponding quarter of the previous year, an increase of 77 percent, Tata Coffee added.

    Capture

    The stock price has gained over 12 percent in the past three days and was trading at Rs 93.10, up Rs 9.85, or 11.83 percent at 1006 hours. It has touched an intraday high of Rs 96.80 and an intraday low of Rs 91.40.

    The scrip also witnessed a spurt in volume by more than 6.93 times and was trading with volumes of 334,254 shares, compared to its five day average of 54,070 shares, an increase of 518.19 percent.

    Capture

    According to Moneycontrol SWOT Analysis powered by Trendlyne, Tata Coffee has zero promoter pledge, with the stock showing strong momentum—price above short, medium and long-term moving averages.

    Moneycontrol technical rating is very bullish with moving averages and technical indicators being bullish.

    Disclaimer: The views and investment tips expressed by experts on moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.​

    Moneycontrol News
    first published: Jul 29, 2020 10:22 am

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347