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Tata Coffee reports 5% fall in Q1 consolidated net profit

19 Jul 2023 Evaluate

Tata Coffee has reported results for first quarter ended June 30, 2023 (Q1FY24). 

Tata Coffee has reported 9.88% fall in its net profit at Rs 27.00 crore for the quarter under review as compared to Rs 29.96 crore for the same quarter in the previous year. However, total income of the company increased by 7.56% at Rs 261.87 crore for Q1FY24 as compared Rs 243.46 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 5.24% fall in its net profit at Rs 62.06 crore for the quarter ended June 30, 2023 as compared to Rs 65.49 crore for the same quarter in the previous year. However, total income of the company increased by 6.29% at Rs 707.93 crore for Q1FY24 as compared Rs 666.05 crore for the corresponding quarter previous year.

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