Tata Coffee rises 3% on better Q4 numbers; recommends 150% dividend

The board of directors have recommended a dividend of Rs 1.50 per equity share (face value of Re 1 each) for the year ended March 31, 2019.


Shares of Tata Coffee rose 3.5 percent intraday Monday after company reported better numbers for the quarter ended March 2019.

The company's Q4 net profit jumped 62 percent to Rs 10.49 crore against Rs 6.46 crore in the same quarter last year, as per BSE filing.

Revenue increased 4.5 percent to Rs 460.52 crore versus Rs 440.43 crore, YoY.

The board of directors have recommended a dividend of Rs 1.50 per equity share (face value of Re 1 each) for the year ended March 31, 2019.

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