Tata Consumer Products Ltd.

State-owned Life Insurance Corporation (LIC) has trimmed its stake in Tata Global Beverages by 2.02%, selling 1.25 crore shares in the open market between December 27, 2012 and October 29, 2013. Consequently, LIC’s stake in the company has reduced to 5.60% from 7.63% earlier

During the first quarter ended June 30, 2013, Tata Global Beverages posted 43.68% rise in consolidated net profit at Rs 111.63 crore compared with net profit of Rs 77.69 crore for the same period of previous fiscal. The company's total income from operations rose to Rs 1,813.46 crore during the first quarter, as compared to Rs 1,725.10 crore during the same period of previous fiscal.