The merger of all businesses of Tata Coffee with Tata Consumer Products, was proposed as part of a reorganisation plan
The founder of VS Mani & Co says that Tata Coffee plagiarised a picture of a brass tumbler from their website, removed their logo and used it in its own Instagram ad.
Its net profit stood at Rs 65.49 crore in the year-ago period.
Net Sales at Rs 256.68 crore in March 2023 up 13.02% from Rs. 227.12 crore in March 2022.
In this episode of Market Minutes, Shailaja Mohapatra talks about overnight Wall Street action, Netflix earnings, ICICI Lombard General Insurance and Tata Coffee's Q4 numbers, and the latest findings from Bank of America's fund manager survey. (With inputs from Sucheta Anchaliya). Also, catch Amit Anwani of Prabhudas Lilladher in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends.
The instant coffee business comprising both India and Vietnam improved its revenue by 18 percent compared to the corresponding quarter of the previous year
The consolidated net profit of Tata Coffee Ltd (TCL) stood at Rs 69.46 crore in the year-ago period.
Tata Coffee shares rallied more than 4 percent to Rs 231, the highest closing level since September 15 and formed long bullish candle on the daily charts with healthy volumes.
The improved price realisations, as well as higher sales quantities of plantation products and superior product mix in the instant coffee business, especially in Vietnam operations, has aided the company's quarterly performance," Tata Coffee said in a regulatory filing.
Kirloskar Oil Engines prices sustained above 21-day exponential moving average which is placed at Rs 160 levels. The counter is also trading near the upper band of the Bollinger band indicating a possible continuation of the uptrend after recent consolidation.
NourishCo, Tata Sampann, Tata Soulfull, and Tata Q collectively grew 52 percent in FY22 and the company opened 50 new Tata Starbucks stores last year-taking the total to 268 stores across 26 cities.
TCPL has announced the merger of all businesses of Tata Coffee with itself or its subsidiaries as part of a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies.