Tata Global Beverages Q4 net down 36%

Packaged drinks maker Tata Global Beverages saw its consolidated net profit decline by 36.4 per cent to Rs 54.21 crore for the quarter ended March 31, from Rs 85.24 crore a year ago. This was on account of exceptional items such as redundancy and reorganisation costs incurred during the quarter. Net sales rose to Rs 1,724 crore, up 10.7 per cent over the corresponding period last year.