Tata Coffee, which had closed on Thursday at Rs.92.15, opened with a gain of 2.77% at Rs.94.70 and went on to hit an intra day high at Rs.95.40.

The company posted a good set of numbers for Q4FY19. Its consolidated net profit rose 63% (YoY) to Rs.10.50 crore on a 5% increase in revenue from operations at Rs.460 crore.

Its EBITDA was up by a good 69% at Rs.62 crore and margins showed a great improvement from 8.4% to 13.6%.

The company has stated that its Instant Coffee business recorded the highest volume of sales compared to past several quarters and FY18-19 has been a strong year for ICD overall. The offtakes to Africa and European geographies continue to be strong and its focus on customer acquisition in new geographies has enabled a robust and healthy order book. However, while volumes are high, the Instant Coffee business continues to be under margin pressure due to the current competitive scenario in the industry and hardening rupee.

While the plantation harvesting progress is satisfactory, the terminals continue to be depressed. The company continues to focus on customer centricity, premiumisation and differentiation as its core themes and these are helping tide over some of the current competitive pressures and subdued terminals environmentn .

The 5000 MT state of art freeze dried plant at Vietnam was unveiled last month and the company said that customer visits have already started.

Tata Coffee is a subsidiary of Tata Global Beverages Limited. It is Asia's largest integrated coffee company, the 2nd largest exporter of Instant Coffee and foremost producer of Specialty Coffee in India. The company produces 8000 - 10,000 MT 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 8400 MT. The company is also the largest producer of Pepper in India.