Tata global bev net up 25%

Riding on the back of improved sales for its tea and coffee business, Tata Global Beverages on Thursday reported a 25% surge in consolidated net profit to Rs. 80 crore for the quarter ended December. HT reports.

Riding on the back of improved sales for its tea and coffee business, Tata Global Beverages on Thursday reported a 25% surge in consolidated net profit to Rs. 80 crore for the quarter ended December. Total income surged 6% to Rs. 1,9328 crore.

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“The growth in operating profits is led by an unrelenting focus on margins, costs, innovation and execution,” said Harish Bhat, MD, Tata Global Beverages.