Tata Tea, the second largest branded tea maker in the world, has posted a 32 per cent rise in consolidated net profit, at Rs 287.44 crore in the second quarter, supported by an increase in prices of branded products and a one-time gain from sale of its shares in agri-chemicals maker Rallis. The operating income went up 18.2 per cent to Rs 1,402.8 crore.
The sale of Rallis shares to Tata Chemicals at Rs 186 crore, notional gains from currency fluctuations and lower interest costs have helped the company to better the bottomline performance.