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Tata Consumer Products Q2 net profit falls to Rs 363.92 crore, ET Retail

New Delhi: Tata Consumer Products Ltd (TCPL) on Tuesday reported a decline of 6.55 per cent in its consolidated net profit to Rs 363.92 crore in the September quarter on the back of a strong growth in its domestic business. The company had posted a net profit of Rs 389.43 crore in the July-September quarter a year ago, according to a regulatory filing from TCPL, earlier known as Tata Global Beverages Ltd.

Its revenue from operations rose 11.02 per cent to Rs 3,733.78 crore during the quarter under review as against Rs 3,363.05 crore in the year-ago period.

Tata Consumer Products approves merger of its three wholly-owned subsidiaries

The transferee company, that is, TCPL had purchased earlier and was holding all equity shares issued by the transferor companies – NourishCo Beverages Limited, Tata SmartFoodz Limited, and Tata Consumer Soulfull.

Total expenses of the Tata Group FMCG arm stood at Rs 3,318.18 crore, up 9.8 per cent in the September quarter. TCPL’s total income in the September quarter increased 12.71 per cent to Rs 3,823.61 crore.

Shares of Tata Consumer Products Ltd on Tuesday settled at Rs 900.60 apiece on BSE, up 0.81 per cent from the previous close.

  • Published On Oct 31, 2023 at 07:06 PM IST

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