Tata Global Beverages on Tuesday reported a 25 per cent growth in net profit for the quarter ended December at Rs 135.85 crore.
The company’s net profit stood at Rs 108.86 crore during the corresponding quarter of 2018-19, Tata Global Beverages Ltd (TGBL)said in a release here. Its revenue grew 4 per cent to Rs 1,962 crore during the quarter under review as compared with Rs 1,912.58 crore a year ago.
“We had a good quarter mainly driven by better cost management, lower commodity prices and higher spend on advertisement. This was also aided by lower tax rate and improvement in the performance of associates and joint ventures,” Tata Global Beverages Executive Director and Group CFO L KrishnaKumar told PTI here.