New Delhi: Tata Coffee Monday reported about 16 percent decline in consolidated net profit at Rs 25.4 crore for the first quarter ended June 30, due to higher expenses.
The company had clocked a consolidated net profit of Rs 30.31 crore in the year-ago period.
However, the total consolidated income of the company during April-June period of current financial year rose to Rs 396.04 crore from Rs 374.52 crore in the same period of last fiscal.
Tata Coffee, a subsidiary of Tata Global Beverages, is Asia's largest integrated coffee company and the 3rd largest exporter of instant coffee.
The company produces more than 10,000 tonnes of shade grown Arabica and Robusta coffees at its 19 estates in south India and its two instant coffee manufacturing facilities have a combined installed capacity of 8,400 tonnes.