India's Tata Coffee rises over 4% on strong Q3 profit

Tata Coffee

28/01/2021 05:15

** Shares of coffee and tea producer  TACO.NS  rise as much
as 4.2% to 116 rupees after co posts ~27% jump in quarterly
profit
    ** The Bengaluru-based co saw robust operating performance
from Eight O'Clock Coffee, driven by higher sales realizations
and a favourable channel mix 
    ** Says its Vietnam operations continue to improve with
robust sales to key customers and a healthy order pipeline
    ** Tea performance during the quarter has been strong -
Chacko Thomas, managing director
    ** About 1.2 mln shares change hands vs 30-DMA of 1.7 mln
    ** As of last close, TACO is up 6.4% in Jan vs a 13.6% gain
in 2020

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