Tata Consumer Products hits new high on 82% jump in Q1 profit, slips later

For the quarter under review, revenue from operations was up 13.44 per cent to Rs 2,713.91 crore.

Shares of Tata Consumer Products hit an all-time high of Rs 471.70 apiece on the BSE on Wednesday, a day after the company reported an 81.78 per cent year-on-year (YoY) rise in its net profit at Rs 345.55 crore for the quarter ended June (Q1FY21), aided by an increase in demand in some categories.

However, the stock erased its morning gains and slipped 1.6 per cent to Rs 442.55 in the afternoon session against Tuesday's close of Rs 449.75. From the day's high, the stock declined 6 per cent. 

For the quarter under review, revenue from operations was up 13.44 per cent