Adani Enterprises Ltd, Meghmani Organics Ltd, NIIT Technologies Ltd and Capri Global Capital Ltd are among the other gainers in the BSE's 'A' group today, 29 July 2020.

Tata Coffee Ltd surged 11.23% to Rs 92.6 at 11:53 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 4.11 lakh shares were traded on the counter so far as against the average daily volumes of 65884 shares in the past one month.

Adani Enterprises Ltd spiked 7.23% to Rs 186.2. The stock was the second biggest gainer in 'A' group. On the BSE, 4.24 lakh shares were traded on the counter so far as against the average daily volumes of 2.7 lakh shares in the past one month.

Meghmani Organics Ltd soared 5.91% to Rs 60.95. The stock was the third biggest gainer in 'A' group. On the BSE, 79505 shares were traded on the counter so far as against the average daily volumes of 2.7 lakh shares in the past one month.

NIIT Technologies Ltd exploded 5.79% to Rs 1868.6. The stock was the fourth biggest gainer in 'A' group. On the BSE, 73154 shares were traded on the counter so far as against the average daily volumes of 37002 shares in the past one month.

Capri Global Capital Ltd added 5.66% to Rs 168.1. The stock was the fifth biggest gainer in 'A' group. On the BSE, 27259 shares were traded on the counter so far as against the average daily volumes of 1.41 lakh shares in the past one month.

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Tata Coffee said consolidated total income for the quarter ending 30 June 2020, stood at Rs 592 crore compared to Rs 472 crore posted in corresponding quarter of the previous year, an increase of 26%, driven by improved performance from the value-added businesses.

Consolidated profit before tax stood at Rs 79.06 crore in Q1 June 2020, rising 65% from Rs 47.87 crore in Q1 June 2019. Total tax expenses rose 34% year on year to Rs 17.46 crore in Q1 June 2020.

Tata Coffee said that its units in India, which had to partially suspend operations during April / May 20, due to the Government's directives relating to COVID-19, have resumed operations after due consideration of the guidelines and norms since prescribed by the Government authorities concerned.

Commenting on the performance of the company, Chacko P. Thomas, Managing Director, Tata Coffee said the company's instant coffee exports from India continue to be healthy, running to full capacities. Vietnam operations continue to grow stronger quarter-on-quarter, he added.

Tata Coffee is a subsidiary of Tata Consumer Products. It is Asia's largest integrated coffee company, the second largest exporter of instant coffee and foremost producer of specialty coffee in India.

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Net profit of Tata Coffee rose 62.33% to Rs 35.94 crore in the quarter ended June 2020 as against Rs 22.14 crore during the previous quarter ended June 2019. Sales rose 25.90% to Rs 587.53 crore in the quarter ended June 2020 as against Rs 466.67 crore during the previous quarter ended June 2019.

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Net profit of Tata Coffee declined 26.83% to Rs 10.50 crore in the quarter ended June 2020 as against Rs 14.35 crore during the previous quarter ended June 2019. Sales declined 12.33% to Rs 175.60 crore in the quarter ended June 2020 as against Rs 200.30 crore during the previous quarter ended June 2019.

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