Tata Consumer Proudcts News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Shares of Tata Consumer Products dipped 6 per cent to Rs 614.25 on the BSE in the intra-day trade on Friday after the company reported a per cent rise in its consolidated earnings before interest, taxes, depreciation, and amortization (Ebitda) at Rs 317 crore for the quarter ended March 2021 (Q4FY21). Ebitda margin, too, contracted by 253 basis points (bps) to 10.44 per cent from 12.97 per cent in Q4FY20.
During the quarter under review, Tata Consumer Products revenue grew by 26 per cent (24 per cent in constant currency terms) on year-on-year (YoY) basis to Rs 3,037 crore from Rs 2,405 crore in the year-ago quarter. The company incurred Rs 63.9 crore expenses on account of loss from disposal of overseas business entity. With lower Ebitda margins and extraordinary expenses, profit after tax was at Rs 74 crore as against a loss of Rs 133 crore YoY. ....

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