Tata Consumer Products Ltd.'s consolidated net profit stayed flat in the second quarter of the current financial year but beat analysts' estimates.
The Tata Tea-maker's profit rose a mere 0.8% to Rs 367 crore in the quarter ended Sept. 30, according to an exchange filing on Friday. That compares with the Rs 343-crore consensus estimate of analysts tracked by Bloomberg.
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TCPL Q2 FY25 Earnings Highlights (Consolidated, YoY)
Revenue up 13% to Rs 4,214 crore versus Rs 3,734 crore (Bloomberg estimate: Rs 4,340 crore).
Ebitda up 17% to Rs 626 crore versus Rs 538 crore (Bloomberg estimate: Rs 626 crore).
Margins at 14.9% versus 14.4% (Bloomberg estimate: 14.4%).
Net profit up 0.8% to Rs 367 crore versus Rs 364 crore. (Bloomberg estimate: Rs 343 crore).
(This is a developing story).
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