Stock of this packaged foods company has zoomed 208 pc in six months: 6 महीने में 208 फीसदी चढ़ चुका है इस पैकेज्ड फूड कंपनी का शेयर indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
1. For the quarter, Revenue from operations increased by 23% (21% in constant currency) as compared to corresponding quarter of the previous year, led by volume and value growth in the branded business. The Group s business segments catering to out of home consumption continue to be adversely impacted, with progressive recovery from the earlier lows. Profit before exceptional items and tax at Rs 298 Crores is higher by 13% as compared to corresponding quarter of the previous year, mainly on account of growth in revenue and good control over expenditure despite record tea cost inflation in India. Lower tax provision in the current quarter is on account of one time credits and profit mix. Group Consolidated Net Profit is higher by 29%.
On a consolidated basis, Tata Consumer Products reported a 29% rise in net profit to Rs 237 crore on 23% increase in revenue from operations to Rs 3,070 crore in Q3 FY21 over Q3 FY20.
The growth in revenue was driven by strong growth across India and International business. Sequential recovery continues for our out-of-home India businesses i.e. NourishCo & Tata Starbucks.
On the segmental front, total branded business revenue rose by 26% to Rs 2,832 crore while the non branded business revenue increased by 4% to Rs 246 crore in Q3 December 2020 over Q3 December 2019. In the Branded business, the growth was led by India Beverages (up 46% YoY), followed by India Foods (up 19% YoY) and International Beverages (up 9% YoY).
Benchmark indices scaled record high levels as Union Budget euphoria continued. The Nifty scaled 14,750 mark and inched higher. At 10:24 IST, the barometer index, the S&P BSE Sensex, was up 390.63 points or 0.78% at 50,189.66. The Nifty 50 index was up 126.70 points or 0.86% at 14,774.75.
The Sensex scaled record high of 50,231.39 while the Nifty recorded an all time high of 14,792.
The rally was broad based. The S&P BSE Mid-Cap index was up 1.26%. The S&P BSE Small-Cap index was up 1.21%.
The Union Budget 2021 unveiled on 1 February 2021 supported all the essential aspects of growth by an increase in government spending without an increase in indirect taxes. The Budget offered huge stimulus to infrastructure, capex, healthcare and boosted the credit flow by taking out the toxic assets of the banking system. Increased FDI limit in insurance improved the overall outlook of the sector.
Benchmark indices surged for third consecutive session on Wednesday, as euphoria surrounding the Union Budget continued. The Nifty closed tad below the crucial 14,800 mark after scaling that level in intraday trade. The BSE Sensex closed above 50,000 mark for the first.
As per the provisional closing data, the S&P BSE Sensex, soared 458.03 points or 0.92% at 50,255.75. The Nifty 50 index surged 142.1 points or 0.97% at 14,789.95.
The Sensex scaled record high of 50,526.39 while the Nifty recorded an all-time high of 14,868.85 in intraday trade.
The Union Budget 2021 unveiled on 1 February 2021 supported all the essential aspects of growth by an increase in government spending without an increase in indirect taxes. The Budget offered huge stimulus to infrastructure, capex, healthcare and boosted the credit flow by taking out the toxic assets of the banking system. Increased FDI limit in insurance improved the overall outlook of the sector.