Mumbai: Tata Coffee Ltd, an integrated coffee plantation company that is an equal partner in Starbucks Corp.’s Indian joint venture, beat analyst expectations to report a consolidated net profit of 50.67 crore in the quarter ended 31 March.

The company’s net profit more than doubled from 19.13 crore in the year-ago quarter.

Consolidated net sales at 449.98 crore increased by 13% from 397.28 crore in the year-ago quarter.

A Bloomberg poll of analysts had estimated net profit at 21.2 crore on net sales of 433.3 crore.

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