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Tata Consumer's net profit up 5%, revenue grows 9%

Tata Consumer Products reported a 5 per cent rise of its consolid-ated net profitto t286 crore year-on-year (YoY) in the quarter ended September. Profit before exceptional items and tax stood att364 crore, also higher by 5 per cent on account of improved gross margin, partly offset by higher spends behind brands.

The company's revenue from operations, increased 9 per cent YoY, driven by growth of14 per cent in the beverages segment and 23 per cent in the foods segment. Net of exits, operating revenue, grew by11 per cent YoY.

The company said its international business' revenues growth, excluding exited businesses, was flat in underlyingterms (like for like, adjusted forfoodservice business exits last year), cycling an elevated base, driven by increased in home consumption oftea and coffee lastyear. Sunil D'Souza, MD & CEO, said:

"While the worst oftea inflation seems to be behind us, we are now seeing inflationarytrends in packaging and freight costs. We will address these by further strengthening operating efficiencies." BS REPORTER

25 Oct, 2021

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