Tata Global Beverages (TGBL) has moved higher by 4% at Rs 150 after posting a 25% year-on-year (yoy) growth in its consolidated net profit at Rs 80 crore for the third quarter ended December 31, 2012 (Q3) due to improved performance in branded operations.
The company’s consolidated total operating income for the quarter, at Rs 1,916 crore, was 6% higher than the corresponding quarter of the previous year driven mainly by higher volumes and better price realization, TGBL, a Tata Group company said in a statement.
The stock opened at Rs 144 and hit a high of Rs 151 on NSE. A combined 6.84 million shares have changed hands on the counter till late noon deal trades on both the exchanges.
