Tata Coffee Share Price | Volatility in Friday Trading Session
Tata Coffee Company’s shares have seen tremendous volatility in the Friday trading session in the last week. Shares of Tata Coffee Company were trading at Rs 258.80, up 3 per cent on Friday last week. At the end of the day, this stock closed at a price of Rs 251.40. Tata Coffee Company has a market capitalization of Rs 4,695.41 crore.
Reviewing the Returns of Tata Coffee Company
If we review the returns of Tata Coffee Company for the last two years, we will understand that the shares of Tata Coffee Company have weakened. Shares of Tata Coffee Company are trading at Rs 250.40, down 0.34 per cent on Monday.
Tata Coffee Company’s Performance in the Last Six Months
Shares of Tata Coffee Company have earned 20 percent returns to their investors in the last six months. Shares of Tata Coffee Company have increased by 16 percent in the last one year. Tata Coffee Company recently announced its results for the June 2023 quarter. Tata Coffee Company’s net profit for the June 2023 quarter has declined by 5 percent compared to the June quarter last year. The company posted a net profit of Rs 62.06 crore in the June quarter, a 5 percent decline compared to the June quarter last year. Last year, Tata Coffee Company had earned a net profit of Rs 65.49 crore.
Revenue Growth for Tata Coffee Company
Tata Coffee Company had collected a revenue of Rs 666.05 crore in the June quarter last year. While in the June 2023 quarter, the company has recorded a revenue of Rs 707.93 crore. The increase in the company’s revenue was attributed to the growth in the company’s coffee and instant coffee business in both India and Vietnam.
Tata Coffee Limited: Asia’s Largest Coffee Company
Tata Coffee Limited is a subsidiary of Tata Group giant Tata Consumer Products Limited. Earlier this company was known as Tata Global Beverages Limited. Tata Coffee is the largest coffee company in Asia and the second largest exporter of instant coffee. Tata Coffee Company has coffee plantations in South India, from which the company produces 8,000-10,000 tonnes of Arabica and Robusta coffee.
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