Tata Global Beverages announced a substantial drop in consolidated net profit for the quarter ended September 2014. During the quarter, the profit of the company declined 65.31% to Rs 624.50 million from Rs 1,800.30 million in the same quarter previous year.
Net sales for the quarter rose marginally 4.56% to Rs 20,217.00 million, compared with Rs 19,335 million for the prior year period.
Earnings per share for the quarter stood at Rs 1.01, registering 65.29% decline over previous year period.
| Quarterly Results - consolidated (Rs in mn) |
| As at | Sep - 14 | Sep - 13 | %Change |
| Net Sales | 20,217.00 | 19,334.80 | 4.56 |
| Net Profit | 624.50 | 1,800.30 | (65.31) |
| Basic EPS | 1.01 | 2.91 | (65.29) |
Shares of the company declined Rs 2.05, or 1.25%, to settle at Rs 161.65. The total volume of shares traded was 444,319 at the BSE (Wednesday).
