Tata Consumer Products reports net profit of Rs 133 crore in

Tata Consumer Products reports net profit of Rs 133 crore in Q4


Tata Consumer Products on Thursday reported a consolidated net profit of Rs 133.34 crore for the March quarter as against a loss of Rs 50 crore in the year-ago period, mainly on account of growth in revenue and good control over expenditure.
However, margins were impacted by tea cost inflation in India. The company's board has recommended a final dividend of Rs 4.05 per equity for the financial year 2020-21.
Its revenue from operations rose 26.2 per cent to Rs 3,037 crore from Rs 2,405 crore reported in the same quarter last year.
The company said it has an exceptional item for the current quarter mainly representing costs relating to the business restructure and reorganisation of Rs 18 crore and loss on disposal of an overseas subsidiary of Rs 46 crore.

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