Chacko Thomas, the managing director and chief executive officer at Tata Coffee, has nearly three decades of rich experience in the Plantation industry
Chacko Thomas is a Bachelor of Science with a specialisation in Computer Science from University of Jodhpur. He has rich experience in Plantations, Business Strategy, Sales and Marketing. Thomas has been associated with Tata Coffee since August 2015. Before joining Tata Coffee, he was the MD of Kannan Devan Hills Plantations Company at Munnar. Thomas is an alumnus of INSEAD Fontainebleau having done his advanced management programme there.
Thomas has a strong track record in business transformation, delivering sustainable results and building and leading high-performing teams in India and Vietnam, according to his online profile. He also has an extensive experience in general management, setting up distribution channels and running own businesses. He has held board positions in companies in US, Sri Lanka and India. Currently, as its MD and CEO, Tata Coffee is today one of the largest integrated coffee companies serving over 40 countries.
The company states that its suit of major products like Green Bean, Instant Coffee, Tea and Pepper are all about giving consumers a taste of the Tata Coffee goodness. The company has around 8,000 MT annual capacity of shade-grown Arabica and Robusta. Around 90 per cent of its washed Arabica is exported as premium green bean to roasters. The company has 13 Arabica estates that are Starbucks C.A.F.E. Practices certified.
The company’s instant coffee comes in various customised blends that appeal to the palate of its customers, brands, private labels, distributors and large global roasters. Being eco-conscious, all three of its plants – in Theni (Tamil Nadu), Toopran (Telangana) and Vietnam – are fuelled by renewable energy sources.
The company’s distinctive variants of instant coffee are packaged in a fully automated packing unit and delivered across countries like Russia, Africa, Europe and emerging markets like Southeast Asia and the Middle East.
Business Growth
On a yearly basis, consolidated net profit of Tata Coffee surged 10.32 per cent to Rs 233.40 crore on a 4.81 per cent rise in revenue from operations to Rs 2,363.50 crore in FY22 over FY21. Tata Coffee’s revenues from instant coffee business consisting of India and Vietnam grew by nearly 9 per cent during the fourth quarter, driven by improved realisations despite lower exports from India consequent to delay in despatches. There has also been an improved margin driven by higher proportion of specialty/differentiated products as well as lower costs. The sales to all key markets have been robust. For the financial year, the revenues from instant coffee business grew by 20 per cent with improved margins. The order book continues to be healthy both, at India and Vietnam, the company said.
Commenting on the performance, Thomas, said, the performance of instant coffee business continued to be robust. “Our Plantation performance on Green Bean Coffee and Pepper during the year had also been strong, aided by improved realisations. Our subsidiary, Eight O’Clock Coffee [EOC] recorded improved performance during the quarter owing to better realisations and favourable channel mix,” he said.
In March, Tata Consumer Products (TCPL) had announced the merger of all businesses of Tata Coffee with itself as part of a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies.
The plantation business of Tata Coffee (TCL) demerged into TCPL’s wholly-owned arm TCPL Beverages & Foods (TBFL). The remaining business of TCL, consisting of its extraction and branded coffee business, merged with TCPL.
source: http://www.businessworld.in / Business World / Home / August 17th, 2022 / Magazine August 23rd, 2022
