On Tuesday, Tata Consumer Products Ltd (TCPL) announced a 6.55 percent decrease in its consolidated net profit for the September quarter, with earnings totaling INR 363.92 crore. This dip comes despite robust growth in its domestic operations. In comparison, the company had reported a net profit of INR 389.43 crore during the July-September quarter in the previous year, as disclosed in a regulatory filing by TCPL, formerly known as Tata Global Beverages Ltd.
During the quarter under review, the company’s revenue from operations increased by 11.02 percent, reaching INR 3,733.78 crore, compared to INR 3,363.05 crore in the corresponding period from the previous year.
In the September quarter, the total expenses for Tata Group’s FMCG division amounted to INR 3,318.18 crore, marking a 9.8 percent increase.
In the September quarter, TCPL’s total revenue surged by 12.71 percent, reaching INR 3,823.61 crore.
On Tuesday, Tata Consumer Products Ltd’s shares closed at INR 900.60 each on the BSE, marking a 0.81 percent increase from the previous closing price.