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HomeBusinessTata Consumer Products' fourth quarter profit triples to Rs 239 crore

Tata Consumer Products’ fourth quarter profit triples to Rs 239 crore

New Delhi, May 4 (PTI) Tata Consumer Products Ltd’s (TCPL) consolidated net profit tripled to Rs 239.05 crore for the fourth quarter of the last financial year ended March.

TCPL, formerly known as Tata Global Beverages Limited, said in a notice to the stock exchanges on Wednesday that it had posted a net profit of Rs 74.35 crore in the year-ago quarter.

The company’s operating income grew 4.54 per cent to Rs 3,175.41 crore during the quarter under review as against Rs 3,037.22 crore in the same period a year ago.

The total expenditure of the FMCG unit of the Tata Group stood at Rs 2,819.60 crore, as against Rs 2,818.34 crore in the fourth quarter of FY 2020-21.

TCPL’s revenue from the domestic market stood at Rs 1,953.66 crore in the January-March quarter, while its international business contributed Rs 890.19 crore to the company’s earnings.

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