India's Tata Coffee climbs most in 3 weeks as profit surges

Tata Coffee

18/10/2022 06:31

** Shares of Tata Coffee Ltd  TACO.NS  rise as much as 2% to
220 rupees, their biggest intraday percentage gain since Sept.
27
    ** Indian tea and coffee brand's September-quarter profit
more than quadrupled to 1.42 billion rupees ($17.30 million),
helped by improved performance of plantation and instant coffee
businesses
    ** TACO said on Monday its quarterly revenue from operations
rose to 7.18 billion rupees vs 5.49 billion a year earlier,
lifted by higher revenues from plantations and value-added
products segments
    ** Shares hit their highest level since Oct. 10
    ** More than 1.07 mln shares change hands by 0505 GMT vs
30-day avg of nearly 1 mln shares
    ** Stock up 1.2% so far this year, up to last close
($1 = 82.1010 Indian rupees)