Tata Consumer gains 2%, analysts see further upside
February 03, 2021
Posts net profit of ₹237 crore in Dec-quarter
The shares of Tata Consumer Private Limited were up 2 per cent on Wednesday after the company announced its results for the quarter ended December 2020.
At 10:26 am, TCPL shares were trading at ₹591.70 on the BSE, up ₹16.15 or 2.81 per cent.
It opened at 587.00 as against the previous close of ₹575.55. It hit an intra-day high of ₹597.50 and an intra-day low of ₹571.30.
It was trading at ₹592.35 on the NSE, up ₹17.00 or 2.95 per cent.
The company’s net profit for the quarter stood at ₹237 crores, up by 29 per cent, per regulatory filings. Its revenue from operations for the quarter were ₹3,070 crore, up 23 per cent. Consolidated EBITDA for the quarter grew by 12 per cent to ₹365 crore.