Diabytes
Tata coffee News
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Tata Coffee board has approved the setting up of an additional 5,500-tonne freeze-dried coffee facility in Vietnam from the existing capacity of 5,000 metric tonnes
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Shares of the company on Tuesday closed at Rs 207.90, up 0.48 percent on BSE.
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Aiming to tap the growing specialty coffee market, Tata Coffee is looking to transform itself into a premium specialty coffee company from a commodity player.
Tata Coffee Monday reported about 16 percent decline in consolidated net profit at Rs 25.4 crore for the first quarter ended June 30, due to higher expenses.
Stocks of Tata Coffee Monday soared 6.5 percent after the company reported an over two-fold rise in consolidated net profit for the fourth quarter ended March.
The primary reason for the above growth in profits was superior performance in the Coffee Plantation business and in Value added products.
Tata Global Beverages Monday announced top level changes with Sushant Dash taking charge as Regional President, India, in place of Sanjiv Sarin, who is moving as CEO designate to Tata Coffee.
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