 "Emami, Tata Global Beverages hit 52-week low post September quarter results")
Shares of Emami and Tata Global Beverages have hit their respective 52-week lows, falling by up to 9% on the BSE in intra-day trade on Wednesday, after reporting a weak set of numbers for the quarter ended September 2018 (Q2FY19).
Tata Global Beverages slipped 9% to Rs 206 after the company posted 19% year-on-year (Y-o-Y) growth in group net profit at Rs 1.84 billion in Q2FY19, on account of lower tax and higher profits from associates and joint ventures.
Operational revenue grew 7% at Rs 17.61 billion after excluding the impact of business exit as
Tata Global Beverages slipped 9% to Rs 206 after the company posted 19% year-on-year (Y-o-Y) growth in group net profit at Rs 1.84 billion in Q2FY19, on account of lower tax and higher profits from associates and joint ventures.
Operational revenue grew 7% at Rs 17.61 billion after excluding the impact of business exit as
