Tata global bev FY11 net drops

Tata Global Beverages’ consolidated net profit for fiscal year 2010-11 fell by 25.7% to Rs 393.3 crore over the same period last year.

Tata Global Beverages’ consolidated net profit for fiscal year 2010-11 fell by 25.7% to Rs 393.3 crore over the same period last year.

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Consolidated net profit for the quarter ended March fell 34.8% to R254.3 crore, as input costs and advertising expenses surged. Sales from tea business grew 2.4% to Rs 4519.5 crore for the quarter, and coffee sales rose 6.4% to Rs 1429.9 crore.