Tata Consumer Products Ltd.
17.65 (1.51%) Tata Global Beverages reports 25% rise in Q3 consolidated net profit
Date: 31-01-2013Tata Global Beverages has reported results for third quarter ended December 31, 2012.
The company has registered a rise of 21.84% in its net profit at Rs 71.18 crore in Q3FY13 as compared to Rs 58.42 crore in the corresponding quarter previous year. The total income of the company has increased by 18.18% to Rs 683.36 crore for the quarter under review as compared to Rs 578.23 crore in the same quarter last year.
The company, on consolidated basis, posted growth of 25.29% in its net profit at Rs 80.26 crore for the quarter as compared to Rs 64.06 crore for the same quarter in the previous year. Total income of the company increased by 6.04% at Rs 1932.79 crore for quarter under review as compared to Rs 1822.70 crore for the quarter ended December 31, 2011.
Tata Global Beverages, formerly known as Tata Tea, is a multinational non-alcoholic beverages company headquartered in Kolkata, West Bengal, India and a subsidiary of the Tata Group. It is the world's second-largest manufacturer and distributor of tea. Tata Global Beverages markets tea under the major brands Tata Tea, Tetley, Good Earth Teas and JEMCA.