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.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app