Shares of Tata Global Beverages (TGBL) today surged over 5 per cent after the company reported an increase of 13.20 per cent in consolidated net profit for the first quarter to June.
The stock gained 5.06 per cent to settle at Rs 163.95 on BSE. During the day, it soared 5.54 per cent to Rs 164.70.
On NSE, shares of the company went up by 5.25 per cent to close at Rs 164.20.
Tata Global Beverages today reported an increase of 13.20 per cent in consolidated net profit at Rs 142.97 crore for the first quarter to June, led by improved operating performance.
It had posted a net profit of Rs 126.29 crore in April- June a year ago, TGBL said in a BSE filing.
Revenue from operation was down 1.78 per cent at Rs 1,704.42 crore during the quarter under review as against Rs 1,735.46 crore in the year-ago period.
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