Tata Consumer’s December quarter profit up 25.6 percent at Rs 364 crore
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The company had earned a net profit of Rs 290.07 crore in the third quarter of the last financial year. TCPL was earlier known as Tata Global Beverages Limited. TCPL’s operating income grew by 8.29 per cent to Rs 3,474.55 crore during the quarter under review.
Tata Group unit Tata Consumer Products Limited (TCPL) reported a 25.63 percent increase in its consolidated net profit at Rs 364.43 crore in the December quarter of the current financial year (2022-23). TCPL gave this information in a communication sent to the stock exchanges on Thursday. The company had earned a net profit of Rs 290.07 crore in the third quarter of the last financial year. TCPL was earlier known as Tata Global Beverages Limited. TCPL’s operating income grew by 8.29 per cent to Rs 3,474.55 crore during the quarter under review.
3,208.38 crore in the same period last year. During this period, its total expenditure also increased by 10.13 per cent to Rs 3,119.73 crore. It stood at Rs 2,832.68 crore in the October-December quarter of the last financial year. TCPL said in its financial statement, “The company’s profit before tax for the last December quarter stood at Rs 482 crore. This is 25 percent more than the same quarter last year. The company has benefited from strong growth in domestic business.” Sunil D’Souza, Managing Director and Chief Executive Officer (CEO), TCPL said, “In the December quarter, we have managed to balance revenue growth and margins in a very challenging macroeconomic environment. Had a strong performance.
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