India's Tata Coffee falls after weak June-qtr results

Tata Coffee

28/07/2021 10:46

** Shares of the coffee and tea producer  TACO.NS  fall as
much as 8.1% to 216.30 rupees — their biggest pct loss since Dec
21     
    ** Co reports June-qtr consol net profit of 286.4 mln rupees
($3.85 million), down 20.3% from a year ago 
    ** TACO's consol revenue from ops declines 9.3% from a year
ago to 5.33 bln rupees 
    ** More than 30 mln shares traded by 0941 GMT, 7.2 times
their 30-day avg
    ** As of last close, TACO has so far risen 124.8% this year 

($1 = 74.3860 Indian rupees) 

 (Vishwadha Chander and Rama Venkat in Bengaluru)
 ((Vishwadha.Chander@thomsonreuters.com))