Tata Tea today reported a decline of 44.32 per cent in its consolidated net profit to Rs 390 crore for the year ended March 31, 2010, over the same period last year.
However, the total income increased to Rs 5,854.9 crore for the fiscal ended March 31, from Rs 4,907.3 crore in the same period last year, Tata Tea said in a filing to the Bombay Stock Exchange (BSE).
The board has proposed a dividend of Rs 20 per share for the year ended March 31, 2010.
On standalone basis, the company has posted a net profit at Rs 391 crore, an over two-fold jump against the same period last year.
Shares of Tata Tea today closed at Rs 1,055.90 on the BSE, down 1.66 per cent from the previous close.