4 per cent drop in Tata Global Beverages’s net

August 01, 2014 12:29 am | Updated 12:29 am IST - MUNNAR:

Tata Global Beverages has registered a 5 per cent increase in income from operations at Rs.1,913 crore for the quarter ended June 30, 2014.

The profit before exceptional items, at Rs.169 crore, was 4 per cent lower than the corresponding quarter in the previous year.

Announcing the results, the company noted that it should continue to focus on strengthening its brands across tea, coffee and water.

In a release here, it said that while the branded business performed well, profitability was impacted by lower crops available for sale in the plantation sector and investment in new ventures.

It also noted that the Tetley Green Tea in the country continued to make good response, giving the trend of a prosperous market for green tea. Tetley Green Tea offers six delicious flavours, which are customised to the India palate.

Company Managing Director Ajoy Misra said innovation, category expansion and strategic alliances would be the future focus for the company’s business expansion.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.