Tata Global Beverages Q4 net dips 36% at Rs 54 cr

Tata Global Beverages today said its consolidated net profit declined by 36.4% to Rs 54.21 crore for the fourth quarter ended March 31, 2012.

The company had posted a net profit of Rs 85.24 crore during the same period of previous fiscal, Tata Global Beverages said in a filing to the BSE.

Net sales of the company, however, rose to Rs 1,724.11 crore for the fourth quarter, as against Rs 1,558.01 crore in the corresponding period of previous financial year.

For the year ended March 31, 2012, the company posted a net profit of Rs 356.14 crore, as against Rs 254.33 crore in 2010-11.

Net sales of the company for the year ended March 31, 2012, stood at Rs 6,585.26 crore, compared to Rs 5,982.42 crore in 2010-11.

The company's board, which met today, has recommended a dividend of Rs 2.15 per equity share of Re 1 each for the financial year 2011-12.

Shares of Tata Global Beverages today closed at Rs 108 on the BSE, down 1.03% from its previous close.