Tata Consumer Products net profit fell 42.1 per cent to Rs 200.2 crore in Q1FY22
The domestic markets surged to record highs on Tuesday on hopes of faster economic recovery as various macro-economic indicators pointed to demand revival in the economy. The NSE Nifty climbed 245.60 points or 1.55 per cent to close above the 16,000 mark at an all-time high of 16,130.75 and the BSE Sensex surged 872.73 points or 1.65 per cent to settle at a record high of 53,823.36.
And the momentum is likely to continue on Wednesday. Trends on SGX Nifty indicate a positive opening for the Nifty, with a 48 points gain. At 7:30 am, the Nifty futures were trading at 16,213, higher by 48 points or 0.37 per cent, on the Singapore Stock Exchange.
Aroscop s report reveals the State of First-party Data Mobilization for online advertising
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Aroscop s report reveals the State of First-party Data
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Shares of Tata Consumer Products dipped 6 per cent to Rs 614.25 on the BSE in the intra-day trade on Friday after the company reported a per cent rise in its consolidated earnings before interest, taxes, depreciation, and amortization (Ebitda) at Rs 317 crore for the quarter ended March 2021 (Q4FY21). Ebitda margin, too, contracted by 253 basis points (bps) to 10.44 per cent from 12.97 per cent in Q4FY20.
During the quarter under review, Tata Consumer Products revenue grew by 26 per cent (24 per cent in constant currency terms) on year-on-year (YoY) basis to Rs 3,037 crore from Rs 2,405 crore in the year-ago quarter. The company incurred Rs 63.9 crore expenses on account of loss from disposal of overseas business entity. With lower Ebitda margins and extraordinary expenses, profit after tax was at Rs 74 crore as against a loss of Rs 133 crore YoY.