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Tata Consumer Q4 PAT stands at Rs 133 cr

Tata Consumer Products consolidated net profit stood at Rs 133.34 crore in Q4 FY21 compared with net loss of Rs 50.21 crore in Q4 FY20.The company reported an exceptional loss of Rs 63.93 crore during the quarter. It mainly represents the costs relating to the business restructure and re-organisation of Rs 18 crore and loss on disposal of an overseas subsidiary/joint venture of Rs 46 crore.
Net sales soared 26.28% (24% in constant currency) to Rs 3,037.22 crore in Q4 FY21 from Rs 2,405.03 crore in Q4 FY20, mainly driven by strong volume and value growth in the India Food & Beverage business.
Profit before exceptional items and tax at Rs 262 crore in Q4 FY21 is higher by 6%, as compared to corresponding quarter of the previous year, mainly on account of tea cost inflation in India and higher investment behind brands which partly offset the revenue growth and strong control on overheads. ....

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Specialty Coffee Market May Set New Growth Story | Caribou Coffee, Lavazza, Keurig Green Mountain, Bulletproof

Specialty Coffee Market May Set New Growth Story | Caribou Coffee, Lavazza, Keurig Green Mountain, Bulletproof
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