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Tata Coffee peps up on good quarterly numbers

Business Standard - October 25, 2005
The Tata Coffee scrip was up 7 per cent to Rs 318.65 after the company reported a robust Q2 results. The company's net profit for this quarter jumped 135.5 per cent to Rs 6.62 crore from Rs 2.54 crore for the corresponding quarter previous year. Net sales in Q2 rose 4.1 per cent to Rs 52.83 crore as compared to Rs 50.71 crore in the same quarter last year. The company aims at reaching the number two position in the branded packaged filter coffee business. Tata Coffee plans to open 10 outlets in Mumbai by 2005.