Tata Consumers Q4: Net profit up 21% to ₹289 cr, dividend declared
FMCG Tata Consumers on Tuesday reported a rise of 21 per cent in consolidated net profit to ₹289.6 crore in the quarter ended 31 March, 2023. This is against ₹239 crore in the corresponding quarter last year.
The consolidated revenue from operations during the fourth quarter rose by 14 per cent to ₹3,619 crore, as compared to ₹3,175 crore in the year-ago period.
The board has recommended a final dividend of ₹8.45 per equity share of ₹1 each (845%), for the financial year 2022-23.
The revenue growth was mainly driven by underlying growth of 15% in India business, 6% in international business and 9% in non-branded business.
For the quarter, the India Packaged Beverages business delivered 1% revenue growth and 3% volume growth, recording a sequential recovery. The India Foods business delivered 26% revenue growth and 8% volume growth, bringing to close a strong year for the foods business when revenue grew 26%.
Coffee continued its strong performance with a revenue growth of 31% YoY.
Tata Starbucks recorded strong revenue growth of 48% for the quarter, bringing FY23 growth to 71%, albeit on a base that was impacted by the pandemic
(This is a developing story, more to come)
Know your inner investor
Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.
Take the test
Download Finplay News App to get Daily Market Updates.
More
Less
Ganesh
http://ganesh@finplay.inFinance enthusiast, Mutual fund expert.