TGBL Q1 declines 6.5% to Rs 133.60 crore

Tata Global Beverages (TGBL) today reported a 6.55 per cent decline in its consolidated net profit at Rs 133.60 crore for the first quarter ended June 30, 2018.

It had posted a net profit of Rs 142.97 crore in April-June period a year ago, TGBL said in a BSE filing.

TGBL's total income was up 6.53 per cent at Rs 1,831.11 crore during the quarter under review as against Rs 1,718.76 crore in the same quarter of the previous fiscal.

"The Group net profit for the quarter is lower due to the impact of exceptional items," the company said adding that it is "for the current quarter represent redundancy costs relating to internal restructure."
"For the quarter, Revenue from Branded Business increased by 7 per cent and after excluding the impact of business restructuring and at constant currency the increase is 8 per cent, as compared to the corresponding quarter of the previous year," said TGBL adding " However non branded sales were lower than the corresponding quarter of previous year."