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Results: Tata Consumer Products net profit at Rs 930.46 crore for FY 2021; final dividend of Rs 4.05 per share recommended


The company in its filing stated, “Group Consolidated Net Profit is higher as compared to corresponding quarter of the previous year on account of lower exceptional items and lower share of losses in Associates and Joint Ventures.” In Q4 2020, the company had reported a loss of Rs 122.48 crore.
Mumbai-based company in its filing stated that in FY 2021, the company reported Group consolidated net profit of Rs 930.46 crore as against Rs 460.11 crore in FY 2020, a rise of over 100 per cent. In FY 2021, the consolidated income of the company was at Rs 11,723.41 crore.
In FY 2021, the company’s consolidated expenses were up at Rs 10,381.70 crore from Rs 8,664.84 crore. ....

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Investegate |Tata Consumer Prod. Announcements | Tata Consumer Prod.: 3rd Quarter Results


 
1.  For the quarter, Revenue from operations increased by 23% (21% in constant currency) as compared to corresponding quarter of the previous year, led by volume and value growth in the branded business. The Group s business segments catering to out of home consumption continue to be adversely impacted, with progressive recovery from the earlier lows. Profit before exceptional items and tax at Rs 298 Crores is higher by 13% as compared to corresponding quarter of the previous year, mainly on account of growth in revenue and good control over expenditure despite record tea cost inflation in India. Lower tax provision in the current quarter is on account of one time credits and profit mix. Group Consolidated Net Profit is higher by 29%. ....

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