 "Tata Consumer Q2 results: Net profit falls 6.55% to stand at Rs 363.92 cr")
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.
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.
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