Tata Consumer Products’ Q4 Profit Rises Three-Fold To Rs 239 Crore
New Delhi:
Tata Consumer Products Ltd (TCPL) on Wednesday reported a more than three-fold increase in consolidated net profit to Rs 239.05 crore for the fourth quarter ended March.
In a BSE filing, TCPL, formerly known as Tata Global Beverages Ltd, said the company posted a net profit of Rs 74.35 crore in the January-March quarter a year ago.
Its revenue from operations grew 4.54 per cent to Rs 3,175.41 crore during the quarter under review, as against Rs 3,037.22 crore in the same period a year ago.
The Tata Group’s FMCG arm’s total expenses stood at Rs 2,819.60 crore, up marginally in the fourth quarter of FY 2021-22, as against Rs 2,818.34 crore in the corresponding period of the previous fiscal.
TCPL’s revenue from the Indian market stood at Rs 1,953.66 crore in the January-March quarter, while its international business contributed Rs 890.19 crore. Shares of Tata Consumer Products Ltd closed at Rs 803.90 on the BSE on Wednesday, down 2.49 per cent from the previous close.
