Good news for Noel Tata, this company earns Rs 3310000000 in…, to compete with Mukesh Ambani, Isha Ambani's…
In the same quarter last year, the company had posted a net profit of ₹289.25 crore, according to its regulatory filing.
Revenue from operations grew 9.8% year-on-year to Rs 4,778.91 crore, up from Rs 4,352.07 crore in the corresponding period last year. TCPL Q1 Results
The growth was led by India business, which was up 11 per cent. Core businesses of tea and salt had a very good quarter, supported by underlying volume gains, TCPL Group Chief Financial Officer Ashish Goenka told PTI in a post-results interaction.
In the June quarter, TCPL's overall branded business was up 10.6 per cent to Rs 4,270.9 crore. It was at Rs 3,861.51 crore in the corresponding quarter last fiscal year.
TCPL's branded businesses include tea, coffee, water and other various value-added businesses.
Its revenue from the branded business in India was up 11 per cent to Rs 3,125.7 crore in the June quarter.
'However, for us, RTD (ready-to-drink) got impacted by unseasonal rain, which has to be seen from the other beverages as well. Apart from higher competitive intensity in that category, the good news there is that we still had a volume growth of 3 per cent,' he said. TCPL's water business had a volume growth of 13 per cent. TCPL International Business Revenue
TCPL's international branded business was up 9.44 per cent to Rs 1,145.20 crore.
'On the international side, business continues to grow in line with our expectations. The overall growth on an underlying basis was 5 per cent and within that, the US is coming back on growth,' said Goenka.
Besides, TCPL's revenue from non-branded business was at Rs 535.76 crore, up 7.02 per cent during the quarter. This segment includes TCPL's plantation and extraction business of tea and coffee.
Total expenses of TCPL in the June quarter were at Rs 4,354.66 crore, up 10.9 per cent. Tata Consumer's total income, which includes other income, was at Rs 4,820.08 crore, up 9.76 per cent.
Tata Consumer Products and Reliance Consumer Products are direct competitors in the Indian FMCG market. Reliance Consumer Products has been rapidly expanding and has reached a scale comparable to Tata Consumer Products. But now growth of TCPL can create a challenge in front of Mukesh Ambani, Isha Ambani led Reliance Consumer Products.
(With Inputs From PTI)
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