Tata Global Bev­er­ages Net Falls 28% to 69 cr

The Economic Times - - Companies -

Tata Global Bev­er­ages, on Wed­nes­day, said its con­sol­i­dated net profit fell 27.6% to .` 69.3 crore in the quar­ter to March be­cause of higher ex­pen­di­ture on brands, new ini­tia­tives and ex­cep­tional items. The com­pany, which owns Tata Tea and Tet­ley brands, said profit be­fore ex­cep­tional items stood at .` 150 crore, down 17% over the year-ago quar­ter. Net sales rose 3% to .` 1,865.6 crore. For the year ended March, the com­pany re­ported a 5% rise in con­sol­i­dated rev­enues at .` 7,737.6 crore. It said net profit rose 29% to .` 481 crore dur­ing the year. Shares of Tata Global Bev­er­ages slipped 0.03% to .` 156.3 on the Bom­bay Stock Ex­change on Wed­nes­day.

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