Tata Coffee Ltd. share price target

Tata coffee Ltd reported subdued results in 3QFY17. Consolidated revenues (including other operating income) of the company grew with a nominal rate at ~2.7%/11.1% YoY/QoQ because of volatility in coffee market. TCL's EBITDA contracted by ~219 bps to ~7% YoY led by high cost of raw material and other expenditure. Reported PAT decreased by...

Tata Coffee is one of the finest manufacturers and marketers of instant coffee in the world. The company, as a part of the Tata Group, owns 19 coffee estates in the Southern India. The estates of the Company are spread across the districts of Coorg, Chickmaglur, and Hassan in Karnataka and Valparai district in Tamil Nadu. The global market for instant coffee has more than tripled in size since the year 2000 and is slated to continue its growth. And growth is...

Tata coffee Ltd reported cloudy results in 4QFY16. Consolidated revenue of the company grew with a nominal rate at ~1% to Rs.45.65 bn vs Rs.45.15 bn for 4QFY15. The company's EBITDA contracted by 357...

We initiate coverage on Tata Coffee Ltd. (TCL) with BUY rating and a price target of Rs.117 implying 30% upside. TCL is subsidiary of Tata Global Beverages, is the 3rd largest exporter of instant coffee in the...

Growth from Instant Coffee and Pepper Divisions: Current capacity utilization in instant coffee division is around 92% and is expected to improve to 95% and 99% in FY16E and FY17E but growth in per tonne realization is expected to be muted. Growth in capacity utilization of Roasted and Ground Coffee (R&G) division and growth from Pepper division on the back of improvement in volumes are further going to support the revenue of standalone business in FY16E and FY17E.

Tata Coffee is Asia's largest integrated Coffee Plantation Company and the largest grower exporter of green coffee from India. The Company is the second largest exporter of instant coffee in the country and exports to countries in Europe, Asia and North America. Eight O' Clock coffee is a segment leader in the US retail market. It is the only company to have various certifications like Rainforest, UTZ and SA800. As per Nielsen, the Company's flagship brand, Eight O' Clock (EOC) coffee continues to be the No. 1 whole bean Coffee brand in the grocery segment in USA and 4th in the overall branded segment. EOC has entered into the fast...