Tata Coffee reported 6.25% growth in revenues for the Dec-20 quarter on consolidated basis at Rs532.76cr. Tata Coffee gets 15% of its revenues from plantations and the balance 85% comes from value added products. The value added products enjoy a much higher segment operating margin of closer to 17%. In comparison, the plantation business only has a margin of less than 10% and that is also quite fluctuating.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 19.5% at Rs50.18cr on the back of greater focus on the higher margin value added products in the quarter as compared to plantations. In addition, the company controlled cost of materials, finance costs and miscellaneous expenses. PAT margins improved from 8.37% in Dec-19 to 9.42% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
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Tata Coffee |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
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Total Income (Rs cr) |
₹ 532.76 |
₹ 501.42 |
6.25% |
₹ 543.43 |
-1.96% |
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Net Profit (Rs cr) |
₹ 50.18 |
₹ 41.99 |
19.50% |
₹ 42.40 |
18.35% |
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Diluted EPS (Rs) |
₹ 1.69 |
₹ 1.33 |
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₹ 1.24 |
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Net Margins |
9.42% |
8.37% |
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7.80% |
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