<p>Tata Coffee Ltd reported a near-20 per cent increase in its fourth-quarter profit on Tuesday, as the Indian coffee company booked sales benefits from higher demand for hot beverages.</p>.<p>Several coffee processors, including Tata Coffee, have said in recent months that demand from restaurants, cafes and offices have bounced back as people venture out more frequently.</p>.<p>The company, which also exports to over 40 countries, said its revenue from its value added products business increased about 11 per cent to 6.24 billion rupees ($76.1 million). The unit includes production and sale of roasted and ground, as well as instant coffee products.</p>.<p>Overall revenue from operations climbed 10.2 per cent to 7.23 billion rupees from 6.56 billion rupees a year ago, while net profit increased to 488 million rupees.</p>.<p>Shares of the company, which also supplies to Tata Starbucks stores in India, closed 0.5 per cent higher on Tuesday, trimming their decline to roughly 5 per cent this year.</p>
<p>Tata Coffee Ltd reported a near-20 per cent increase in its fourth-quarter profit on Tuesday, as the Indian coffee company booked sales benefits from higher demand for hot beverages.</p>.<p>Several coffee processors, including Tata Coffee, have said in recent months that demand from restaurants, cafes and offices have bounced back as people venture out more frequently.</p>.<p>The company, which also exports to over 40 countries, said its revenue from its value added products business increased about 11 per cent to 6.24 billion rupees ($76.1 million). The unit includes production and sale of roasted and ground, as well as instant coffee products.</p>.<p>Overall revenue from operations climbed 10.2 per cent to 7.23 billion rupees from 6.56 billion rupees a year ago, while net profit increased to 488 million rupees.</p>.<p>Shares of the company, which also supplies to Tata Starbucks stores in India, closed 0.5 per cent higher on Tuesday, trimming their decline to roughly 5 per cent this year.</p>