Tata Consumer Products Ltd (TCPL) on Tuesday reported a 21.12 per cent rise in its consolidated net profit at Rs 289.56 crore in the fourth quarter ended on March 31, 2023, led by a mixed growth from volume and price in India business.
The company had posted a net profit of Rs 239.05 crore in the January-March quarter a year ago, said TCPL, earlier known as Tata Global Beverages Ltd, in a BSE filing.
Its revenue from operations was up 13.96 per cent to Rs 3,618.73 crore during the quarter under review as against Rs 3,175.41 crore in the corresponding period of the preceding fiscal.
“It was a very strong quarter with a significant improvement in the growth trends from the earlier quarter,” TCPL CFO L Krishnakumar told PTI.
The growth was led by the India business, which was up 15 per cent, which included every component of the business, including tea, coffee, and food and its growth portfolio, which consists of its business under Sampann, Soulfull and water, he added.
Total expenses of the Tata Group FMCG arm were at Rs 3,217.58 crore, up 14.11 per cent in Q4/FY 2022-23, as against Rs 2,819.60 crore of the corresponding period.