Tata Global Beverages Ltd today reported a 65.31 per cent decline in consolidated net profit at Rs 62.45 crore for the second quarter ended September 30.
The company had posted a net profit of Rs 180.03 crore for the same period of previous fiscal, aided by exceptional income of Rs 92.05 crore.
Net sales during the quarter under review stood at Rs 1,964.41 crore, up 3.05 per cent, compared to Rs 1,906.23 crore during the same period in the previous fiscal, Tata Global Beverages Ltd (TGBL) said in a BSE filing.
TGBL Managing Director and CEO Ajoy Misra said: “We will continue to focus on innovations based on strong consumer insight across tea, coffee and water. The last quarter has seen new launches and campaigns across geographies inspite of a challenging market environment.”
Shares of TGBL closed at Rs 161.65 apiece on BSE, down 1.25 per cent from their previous close.