Tata Consumer Products Ltd.

Tata Global Beverages (TGB), the world's second largest tea-maker, is in talks to sell about 20% stake in its international operations to a strategic investor as reported in some media reports. The company is expected to conclude a deal in the next few months. Company’s this move is in line with its ambition to transform itself and expand into new categories and countries with a variety of products including coffee, health drinks and fortified water.

The Company’s net profit after tax for the year ended March 31, 2011 has declined by 53.87% at Rs 180.59 crore as compared to Rs 391.47 crore for the year ended March 31, 2010. Its total Income has increased by 4.22% at Rs 1914.29 crore for the year under review as against Rs 1836.84 crore for the previous year.

On Consolidated basis, the net profit for the year ended March 31, 2011 has plunged by 34.83% at Rs 254.33 crore as compared to Rs 390.30 crore for the year ended March 31, 2010. Its total Income has increased by 3.06% to Rs 6034.01 crore for the year under review from Rs 5854.98 crore a period ago.