Tata Coffee Q4FY22 and Year Ended results : Profit fall 5.11% to ₹40.78 Cr YoY, but revenue grew 8.7%

Revenues from Instant Coffee business consisting of India and Vietnam

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Tata Coffee Ltd (formerly Consolidated Coffee) a subsidiary of Tata Tea and one of Asia’s largest plantation company cultivates coffee pepper oranges paddy cardamom and other plantation and agricultural products. The company’s estates are at Coorg in Karnataka at an elevation of 3000 ft. It has published its Q4FY22 and year ended financial results today, the details are as below :

(I) Audited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹663.36 crore in the quarter ended on March 31, 2022 as against ₹612.06 crore in the corresponding quarter ended last year on Mar 31, 2021, increased by 8.38%.

The company has posted a consolidated Net Profit of ₹40.78 crore in the quarter ended on March 31, 2022 as against ₹42.98 crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT surges down by 5.11%.

The status of the EPS of the company stood at ₹2.18 as on March 31, 2022 compared to the previous quarter ended on Mar 31, 2021 which was ₹2.30, down by 5.21%.

₹*Mar 31, 2022 (Q4-22)Dec 31, 21 (Q3-22)Mar 31, 21 (Q4-21)
Total Income663.36633.52612.06
Total Expenses575.29541.36529.48
PBT /(Loss)86.3791.7279.42
Total Tax /(credit)22.0922.2622.05
PAT /(Loss)40.7844.2742.98
*figures are in Crores

(II) Audited Consolidated Financial Result details for the Year Ended :

The company has reported, a consolidated Total Income of ₹2,389.23 crore in the financial year ended on March 31, 2022 as against ₹2,288.74 crore for the financial year ended on Mar 31, 2021, increased by 4.39%.

The company has posted a consolidated Net Profit of ₹147.73 crore in the financial year ended on March 31, 2022 as against ₹133.64 crore for the financial year ended on March 31, 2021. The PAT surges up by 10.54%.

The status of the EPS of the company stood at ₹7.91 as on March 31, 2022 compared to the previous year ended on March 31, 2021 which was ₹7.16, up by 10.47%.

₹*Mar 31, 2022 (FY22)Mar 31, 2021 (FY21)
Total Income2,389.232,288.74
Total Expenses2071.832001.25
PBT /(Loss)311.14284.33
Total Tax /(credit)77.7472.78
PAT /(Loss)147.73133.64
*figures are in Crores

(III) Key Highlights about the Performance :

  • Revenues from Instant Coffee business consisting of India and Vietnam grew by 8.7% during the quarter, driven by improved realisations despite lower exports from India consequent to delay in despatches.
  • For the financial year, the Revenues from Instant Coffee business grew by 20.3% with improved margins. Order book continues to be healthy both, at India and Vietnam.
  • Plantations Segment profitability for Q4FY22 was lower in relation to the corresponding quarter of the previous year. While Coffee and Pepper have shown sharply improved performance for the quarter driven by improved realisations, the Company’s Tea operations were adversely impacted on account of lower crop due to unfavourable weather conditions.
  • The Board has recommended a Dividend of ₹2.00 per share [Face Value Re.1.00 each] for the year ended March 31, 2022.

The stock of Tata Coffee last hit in BSE,

  • Intraday High of ₹ 225.00
  • Intraday low of ₹ 220.65