Tata Global Beverages disclosed a steep drop in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 29.93% to Rs 592.60 million from Rs 845.70 million in the same quarter previous year.
Net sales for the quarter rose 6.84% to Rs 7,260.50 million, compared with Rs 6,796 million for the prior year period.
Earnings per share for the quarter stood at Rs 0.96, registering 29.93% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 7,260.50 | 6,795.90 | 6.84 |
| Net Profit | 592.60 | 845.70 | (29.93) |
| Basic EPS | 0.96 | 1.37 | (29.93) |
Shares of the company gained Rs 1.4, or 0.91%, to trade at Rs 155.20. The total volume of shares traded was 275,213 at the BSE (3.53 p.m., Monday).
