Consolidated total income for the quarter witnessed a growth of 19.13 percent in the October-December period to ₹754.76 crore as compared to ₹633.52 crore in the corresponding period last year, driven by higher realizations in Eight O’Clock Coffee (EOC) and instant coffee business of the company.
The company, a subsidiary of Tata Consumer Products formerly known as
The operating performance of EOC businesses was impacted during the quarter under review by higher input and other costs, which are expected to ease in coming quarters, the company said.
Tata Coffee’s business in Vietnam continues to deliver strong sales with improved profitability due to higher sales of premium products, the company said.
“The performance of our instant coffee business remains robust. Tata Coffee’s business in Vietnam remains strong with a healthy order pipeline. However, there is ongoing inflationary pressure on costs and impact on instant coffee sales in some regions.
“Our subsidiary, Eight O’Clock Coffee, has recorded higher revenues, although profitability for the quarter has been affected by higher costs,” TCL Managing Director
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