Tata Consumer Products Ltd (TCPL) on Thursday reported a 4.62 per cent rise in consolidated net profit at Rs 285.80 crore for the September quarter, helped by growth in domestic beverages and food businesses.

The company had posted a net profit of Rs 273.18 crore in the July-September period a year ago, TCPL, earlier known as Tata Global Beverages Ltd, said in a BSE filing.

Revenue from operations increased 9.05 per cent to Rs 3,033.12 crore against Rs 2,781.34 crore a year ago.

Total expenses of the Tata Group’s FMCG arm were at Rs 2,708.91 crore, up 10.02 per cent from Rs 2,462.20 crore in the second quarter of FY2021.

Biocon net dips

Biocon on Friday said its consolidated net profit declined 18 per cent to Rs 138 crore for the September quarter from Rs 169 crore a year ago.

Revenue from operations, however, increased by 5 per cent in the second quarter to Rs 1,840 crore from Rs 1,750 crore in the year-ago period, Biocon Ltd said in a statement.

Hind Zinc profit up

Vedanta group firm Hindustan Zinc Ltd (HZL) has reported a 3.9 per cent rise in its net profit at Rs 2,017 crore for the September quarter, on the back of higher revenue from operations. The company had posted net profit of Rs 1,940 crore a year ago.

Revenue from operations in the July-September quarter increased to Rs 5,958 crore, from Rs 5,533 crore in the year-ago period, the filing said.

The total expenses of the company during the quarter increased to Rs 3,571 crore against Rs 3,428 crore in the year-ago period.

Federal Bank

Federal Bank’s net profit jumped 55 per cent to Rs 488 crore for the second quarter of this fiscal ended September 30. The bank had posted a net profit of Rs 315.70 crore in the year-ago period.

Total income (consolidated) however, was down at Rs 4,013.46 crore against Rs 4,071.35 crore in the same period of 2020-21. PTI