Tata Global Beverages rallies 6%, nears record high on healthy Q2 numbers

The consolidated revenue from operations during the quarter increased 4 per cent to Rs 1,834 crore, driven by improvements in both branded and non-branded business.

Shares of Tata Global Beverages rallied 6 per cent to Rs 309 on Thursday, gaining 10 per cent in the past three trading days on the BSE, after the company reported a strong set of numbers for the quarter ended September 2019 (Q2FY20). The stock of Tata Group Company was quoting at its 52-week high level and was close to its all-time high price of Rs 329, touched on the BSE in January 2018.

The company’s profit before taxes (PBT), excluding one-off items included under other Income in the prior year, grew 28 per cent year-on-year (YoY) at Rs