Quote on Tata Coffee 1QFY22 Result Update by Mr. Amarjeet Maurya, Angel Broking Ltd
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Below is quote on Tata Coffee 1QFY22 Result Update by Mr. Amarjeet Maurya - AVP - Mid Caps, Angel Broking Ltd
During the 1QFY22, Tata Coffee Ltd (TCL) reported Consolidated revenue of ~Rs533cr (de-grew ~9% YoY). On the EBITDA front, the company has reported ~Rs90cr and EBITDA margin at 16.9%, which is down by 188bps yoy due to higher cost. On the Consolidated bottom-line front, PAT de-grew by ~25% to ~Rs46cr. Overall 1QFY22, result was below expectation. Hence, we are Neutral on stock.
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