Tata Coffee down 7% on disappointing Q4 results

The stock dipped 7% to Rs 124 on the BSE after the company reported a sharp 63% y-o-y decline in its consolidated net profit at Rs 224 million in March quarter. Tata Coffee dipped 7% to Rs 124 on the BSE after the company reported a sharp 63% year on year (y-o-y) decline in its consolidated net profit at Rs 224 million in March quarter. It had profit of Rs 598 million in a year ago quarter. Revenue from operations during the quarter grew 9% to Rs 4.4 billion against Rs 4.03 billion in the corresponding quarter of previous fiscal.

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