Tata Consumer Beats Profit Views
Tata Consumer Products reported a better-than-expected second-quarter profit driven by strong growth in its packaged foods and beverages. Revenue rose 14 percent despite subdued tea demand.
Insights:
Tata Consumer Products posted a consolidated net profit of 4.69 billion rupees ($49.26 million) for the quarter ended September 30, beating estimates. The maker of Tata Salt benefited from strong packaged food and beverage demand in India. Growth came despite subdued domestic tea consumption during the period.
