Tata Coffee - 800 bps margin expansion; combination of currency impact and lower raw materials

Particulars	Jun 2013	Jun 2012	Var %
Net Sales & Other Operating Income	418.5	413.7	1.1
Total Expenditure	315.8	345.0	-8.5
(Increase) / Decrease In Stocks	-18.5	-11.9	PL
Raw Material Cost	155.5	197.2	-21.1
Purchase of Finished goods	7.7	9.5	-19.1
GM	273.8	219.0	41.3
	65%	53%
Manufacturing Expenses	47.9	50.9	-5.9
Employees Cost	56.7	41.6	36.3
Selling & Distribution Expenses	66.6	57.7	15.4
PBIDT (Excl OI)	102.6	68.8	49.3
	25%	17%
Other Income	3.4	2.3	49.2
Operating Profit	106.0	71.0	49.3
Interest	8.3	13.4	-38.1
Exceptional Items		-1.3
PBDT	97.7	56.4	73.3
Depreciation	10.4	9.6	8.1
Proft / Loss from ordinary activities before tax	87.3	46.8	86.8
Tax	26.6	14.9	78.3
PAT	60.7	31.8	90.8
Net Profit	60.7	31.8	90.8
Minority Interest	-12.0	-3.7
Shares of Associates	-8.4
Consolidated Net Profit	40.4	28.2	43.3