Tata Consumer Products’ share price jumped 4 percent when it was opened on 5 August, the day after the company revealed its quarter numbers in June. The company reported an increase of 81.78 percent in net profit to Rs 345.55 crore for the quarter of June, which helped to increase demand in some categories. In April-June a year ago, TCPL, formerly known as Tata Global Beverages, filed a net profit of Rs 190.09 crore.
Revenue from operations rose by 13.44 percent to Rs 2.713.91 crore in the quarter under review, compared to Rs 2.392.36 crore in the same portion of the last fiscal year. During the quarter, revenue from operations is 13 percent higher than the corresponding quarter of the previous year, led by volume and value growth in branded companies both in India and Global.
Tata Starbucks’ Q1 activities were unfavorably impacted by COVID-19. As of June, approximately 60 percent of the number of 186 stores have been reopened. The stock price was Rs 467.50, Rs 17.75, or 3.95 percent at 09:20. It was a 52-week Rs 471.70 record. It was also one of NSE’s most active stocks in terms of volumes, with 36,29,219 shares being traded.
