Kolkata, Oct 22 (IANS) Tata Coffee, India's largest coffee producer and exporter, Monday announced a 109.44 percent jump in its net consolidated profit to Rs.36.84 crore for the quarter ended Sep 30, 2012, from Rs.17.59 crore for the same quarter in the previous year.
Total income from operations for the second quarter this fiscal stood at Rs.470.52 crore against Rs.410.27 crore for the corresponding period a year ago, the company informed the Bombay Stock Exchange (BSE).
The company's operations on coffee, including instant coffee, have registered the impressive growth during the second quarter, backed by better price realisation and strengthening of US dollar.
Tata Coffee owns 19 estates located in coffee growing highlands of south India. It produces 10,000 metric tonnes of natural shade grown Arabica and Robusta coffees, in both washed and unwashed forms.
It also has the capacity to produce 5,000 metric tonnes of instant coffee per annum, for which it has a sizable export market.