29 Oct 2009

Indian Tea Giant Tata Tea Boosts Quarterly Profit by 32%

28 October 2009 - Tata Tea, India's largest tea maker by volume, has reported a 32% rise in FY Q2 net profit at INR 2.87 billion, up from INR 2.18 billion a year earlier.

Net sales rose 18% to INR 13.97 billion from INR 11.81 billion in Q2 last year due to a strong performance from its brands and to improved price realisations in key markets which offset increased commodity costs.

During the quarter, Tata Tea increased its stake in Mount Everest Mineral Water Ltd from 40.11% to 40.27%.

Source : FLEXINEWS

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India: Tata Coffee Releases Results for H1 2009

22 October 2009 - India's largest green coffee exporter, has reported a standalone net profit of Rs 11.53 crore for H12009, almost unchanged from the 2008 figure of Rs 11.5 crore.

Income from operations for the period were down compared to 2008 at Rs 168.04 crore compared with Rs 187.95 crore a year ago.

For the second quarter ended September, the company reported income from operations of Rs 87.44 crore (on a standalone basis), compared with Rs 102.04 crore a year ago, and a net profit of Rs 6.99 crore, compared with Rs 7.62 crore in the year-ago quarter, a fall of 8.26 per cent.

Source : FLEXINEWS

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Indian Tea Giant Tata Tea Boosts Quarterly Profit by 32%

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