Tata Consumer Products reported a consolidated net profit of Rs 218 crore crore for the quarter ended December 2020, up 29 per cent year-on-year from Rs 169 crore during the same period a year earlier. However, sequentially the profit declined 15 per cent. It was Rs 257 crore in the September quarter.
Revenue from operations was up about 23 per cent to Rs 3,069 crore from Rs 2,492 crore during the same period a year ago. The revenue was Rs 2,781.34 crore in the September quarter. The rise was led by volume and value growth in the branded business
The company's total expenses stood at Rs 2,790.72 crore in the December quarter.
Segment wise, the India beverages revenues increased 46 per cent to Rs 1,275 crore for the quarter under review, while the India foods revenue came in at Rs 630 crore
Shares of Tata Consumer ended at Rs 575.95 a piece, down 1.4 per cent on BSE.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.