Conference Call with Tata Coffee Management and Analysts on Q2FY23 Performance and Outlook. Listen to the full earnings transcript.
Tata Coffee announced Q2FY23 results: Consolidated: Consolidated Total Income for the quarter was higher at Rs.723 crore compared to Rs.554 crore for the corresponding quarter of the previous year, an increase of 30%. The overall revenue growth in the extractions business was around 26%. The overall revenue growth in the plantation business was around 77%. The Group's Consolidated Profit for Q2FY23 is higher at Rs.147 crore compared to Rs.54 crore for the corresponding quarter of the previous year. Standalone: Total Income higher at Rs.273 crore compared to Rs.199 crore for the corresponding quarter of the previous year, representing an increase of 37%, on increased revenues from Instant Coffee and Plantations The above Total Income includes Dividend of Rs.8 crore received from Overseas Subsidiary. Mr. Chacko P Thomas, Managing Director, Tata Coffee Limited, said "The performance of our Instant Coffee business continues to be strong. Tata Coffee's Vietnam operations continued to be robust with a healthy order pipeline. Our Plantation performance overall has also been strong, aided by improved realisations and volumes. There is however continuing inflationary pressure on costs. Our Subsidiary, Eight O'clock Coffee [EOC] has registered higher revenues, though the profitability for the quarter has been impacted due to higher coffee input costs and lag in pricing recovery from the market which is expected to improve in the ensuing quarters." Result PDF
Tata Coffee announced Q1FY23 results: Consolidated: Consolidated Total Income for the quarter higher at Rs.666 crore compared to Rs.538 crore for the corresponding quarter of the previous year, an increase of 24% The Group's Consolidated Net Profit for Q1FY23 is higher at Rs.65 crore compared to Rs.46 crore for the corresponding quarter of the previous year Consolidated Operating Profit for Q1FY23 up 37% Standalone: Standalone Total Income higher at Rs.243 crore compared to Rs.203 crore for the corresponding quarter of the previous year, representing an increase of 20% Commenting on the performance, Mr. Chacko P Thomas, Managing Director, Tata Coffee Limited, said "The performance of our Instant Coffee business continues to be robust. Tata Coffee's Vietnam operations continue to be robust with a healthy order pipe line. There is however continuing inflationary pressure on costs. Our Plantation performance on Green Bean Coffee have also been strong, aided by improved realisations. Our Subsidiary, Eight O'clock Coffee [EOC] has recorded improved performance during the quarter owing to higher sales and favourable product mix". Result PDF
Tata Coffee declares Q4FY22 result: Consolidated Total Income for Q4FY22 higher by 8% Consolidated Profit for Q4FY22 higher by 12% Dividend of Rs 2.00 per share [Face Value Re.1.00 each] recommended by the Board Revenues from Instant Coffee business consisting of India and Vietnam grew by 8.7% during the quarter, driven by improved realisations despite lower exports from India consequent to delay in despatches. There has also been improved margins driven by higher proportion of specialty / differentiated products as well as lower costs. Sales to all key markets have been robust. For the financial year, the Revenues from Instant Coffee business grew by 20.3% with improved margins. Order book continues to be healthy both, at India and Vietnam. Plantations Segment profitability for Q4FY22 was lower in relation to the corresponding quarter of the previous year. While Coffee and Pepper have shown sharply improved performance for the quarter driven by improved realisations, the Company's Tea operations were adversely impacted on account of lower crop due to unfavourable weather conditions. For the financial year, the profitability of Coffee and Pepper have nearly doubled aided by improved prices; however, the Tea Operations were adversely impacted due to lower crop and additionally Tea prices during FY21 were at record levels. Eight O' Clock [EOC] registered robust performance during the quarter primarily driven by improved realisations. Commenting on the performance, Mr. Chacko P Thomas, Managing Director, Tata Coffee Limited, said "The performance of our Instant Coffee business continues to be robust. There is however continuing inflationary pressure on costs. Our Plantation performance on Green Bean Coffee and Pepper during the year have also been strong, aided by improved realisations. Our Subsidiary, Eight O'Clock Coffee [EOC] has recorded improved performance during the quarter owing to better realisations and favourable channel mix". Result PDF