Tata Global Beverages reports 50% fall in Q4 consolidated net profit
24th Apr 2019

Tata Global Beverages has reported results for fourth quarter and year ended March 31, 2019.

The company has reported a marginal rise of 0.19% in its net profit at Rs 53.26 crore for the quarter under review as compared to Rs 53.16 crore for the same quarter in the previous year. However, total income of the company increased by 9.73% at Rs 810.66 crore for Q4FY19 as compared Rs 738.75 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 49.71% in its consolidated net profit at Rs 35.99 crore for the quarter under review as compared to Rs 71.56 crore for the same quarter in the previous year. However, total income of the company increased by 5.63% at Rs 1,810.69 crore for Q4FY19 as compared Rs 1,714.12 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a fall of 23.09% in its net profit at Rs 410.93 crore as compared to Rs 534.32 crore for the previous year. However, total income of the company increased by 7.35% at Rs 3,612.17 crore for year under review as compared to Rs 3,364.90 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a fall of 17.88% in its consolidated net profit at Rs 456.98 crore as compared to Rs 556.50 crore for the previous year. However, total income of the company increased by 7.22% at Rs 7,408.63 crore for year under review as compared to Rs 6,909.50 crore for year ended March 31, 2018.