The companys consolidated world wide turnover for the first quarter was Rs 707 crore, an improvement by 4 per cent over the preceding years turnover for the corresponding period. The net profit for the group were Rs 56 crore, an improvement of 5 per cent over the first quarter of the preceding year.
Managing director PT Siganporia said, Despite the extreme adversity in the tea business, the company has outperformed the industry. Branded tea business is becoming very competitive. However, we are working on various strategies and looking at all opportunities to expand our business.