India's Tata Coffee falls over 6% on lower Q2 profit

Tata Coffee

29/10/2020 06:36

** Shares of coffee and tea producer  TACO.NS  fall as much
as 6.50% to 102.20 rupees
    ** Co on Wednesday reported 9% fall in Q2 profit, while
revenue rose 12%
    ** TACO expects volume and pricing pressures on instant
coffee business due to lower short-term demand 
    ** Overall expenses rose 11.4% 
    ** About 810,800 shares change hands vs 30-day avg of
642,700
    ** TACO shares up 18.7% so far this year, as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))