Tata Consumer Products Ltd Q3FY21 consolidated net profit at Rs. 218.17 crores

Tata Global Beverages Limited has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.3089.05 crores during the period ended December 31, 2020 as compared to Rs.2807.56 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.218.17 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.257.06 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.2.37 for the period ended December 31, 2020 as compared to Rs.2.79 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 3089.05 crs	₹ 2807.56 crs	10.03%
Net Profit	₹ 218.17 crs	₹ 257.06 crs	-15.13%
EPS	₹ 2.37	₹ 2.79	-15.05%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.3089.05 crores during the period ended December 31, 2020 as compared to Rs.2521.50 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.218.17 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.169.35 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.2.37 for the period ended December 31, 2020 as compared to Rs.1.84 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 3089.05 crs	₹ 2521.50 crs	22.51%
Net Profit	₹ 218.17 crs	₹ 169.35 crs	28.83%
EPS	₹ 2.37	₹ 1.84	28.8%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.8643.23 crores during the 9 months period ended December 31, 2020 as compared to Rs.7322.05 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.802.79 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.536.25 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.8.71 for the 9 months period ended December 31, 2020 as compared to Rs.5.82 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 8643.23 crs	₹ 7322.05 crs	18.04%
Net Profit	₹ 802.79 crs	₹ 536.25 crs	49.7%
EPS	₹ 8.71	₹5.82	49.66%

Sunil D'Souza, Managing Director & CEO of Tata Consumer Products said "We delivered strong volume and revenue growth during the quarter driven by broad based performance across our major markets and categories. Despite unprecedented inflation in our tea costs in the India business, we managed to deliver strong growth in earnings by leveraging all lines of the P&L. The integration of our food and beverage business in India is progressing ahead of plan and several initiatives on end to end digitization are underway. We have completed the redesign of our S&D system with significantly higher feet on street, increased focus on modern trade and e commerce, 100% channel partner automation and expanded outlet reach.

We have stepped up the pace of innovation with new launches across markets and activated new engines of growth. We have also stepped up investment behind our brands to further strengthen their reach and relevance to consumers. Overall, despite a challenging external environment this year, we have delivered industry leading growth while putting in place building blocks for the future."

Shares of Tata Global Beverages Limited was last trading in BSE at Rs.575.55 as compared to the previous close of Rs. 584.45. The total number of shares traded during the day was 271731 in over 11036 trades.

The stock hit an intraday high of Rs. 596.3 and intraday low of 567.25. The net turnover during the day was Rs. 156566034.

Source : Equity Bulls

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