Tata Consumer Products, a leading player in the FMCG sector, reported an 8% decline in its consolidated net profit for the first quarter ending June 2024. The company’s profit fell to Rs 290 crore, down from Rs 317 crore in the same quarter last year. This figure also missed news bihar times forecast of Rs 338 crore.
On a positive note, the company experienced a 16% increase in revenue from operations, reaching Rs 4,352 crore compared to Rs 3,741 crore in the previous year. EBITDA for the quarter was Rs 668 crore, with margins at 15.3%.