ANI
02 Feb 2023, 22:56 GMT+10
New Delhi [India], February 2 (ANI) Tata Consumer Products on Thursday posted a 28 per cent jump in its profit after tax to Rs 369 crore for the quarter ended December 31, 2022, against Rs 288 crore in the year-ago period.
The company posted a surge of 8 per cent in its revenue from operations to Rs 3,475 crore, against Rs 3,208 crore in the corresponding quarter a year ago. Its earnings before interest, taxes, depreciation, and amortisation (Ebitda) declined 2 per cent to Rs 458 crore to Rs 468 crore in the year-ago period.
Ebitda margin was 13.2 per cent in the reviewed quarter while it was 14.6 per cent a year ago.
The company also posted a 27 per cent increase in its profit after tax to Rs 1,001 crore for the first nine-month of FY22, against Rs 790 crore in the year-ago period.
Revenue of the company for 9M FY23 went up 10 per cent to Rs 10,164 crore, against Rs 9,250 crore in the year-ago period.
Sunil D'Souza, Managing DirectorCEO of Tata Consumer Products, said "We delivered strong earnings growth this quarter while balancing revenue growth and margins in an extremely challenging macroeconomic environment."He said, "We have enhanced our RD capability and infrastructure to better support our innovation agenda across categories. Going forward, we will continue to stay focused on driving consistent and profitable growth for the business." (ANI)
Get a daily dose of The US News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to The US News.
More InformationIn Warsaw last February, President Joe Biden condemned the lawless Russian invasion of Ukraine: "The idea that over 100,000 forces ...
TOKYO, Japan: Fears over intensifying Chinese military activity directed towards Taiwan could escalate into war have prompted Japan, the United ...
TEGUCIGALPA, Honduras: After Honduran President Xiomara Castro severed ties with Taiwan in favor of China to gain more investment and ...
NEW YORK, New York - A Manhattan grand jury has indicted Former U.S. President Donald Trump for his role in ...
MEMPHIS, Tennessee: Tennessee authorities are slowly releasing information about a weekend car crash on a freeway that killed six young ...
JAKARTA, Indonesia: Officials from Indonesia's Aceh province said that more than 180 Rohingya Muslims landed this week by boat, in ...
NEW YORK, New York - U.S. stocks finished the third quarter with a bang on Friday. Despite a volatile start, ...
CUPERTINO, California: In a move aimed at disrupting the fintech sector dominated by Affirm Holdings and Sweden's Klarna, this week ...
BURBANK, California: Walt Disney has begun its planned lay off of 7,000 staff, which was announced earlier this year.A letter ...
NEW YORK CITY, New York: A study published this week reported that China spent $240 billion between 2008 and 2021 ...
NEW YORK, New York - U.S. stocks posted a decent rally on Thursday with all the major indices making good ...
FREMONT, California: Neuralink, Elon Musk's brain implant company, has approached the Barrow Neurological Institute, one of the largest US neurosurgery ...