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regular-article-logo Saturday, 19 October 2024

Tata Consumer Products reports 13 per cent jump in revenue from operations at Rs 4,214 crore

The company reported 11 per cent jump in consolidated EBIDTA at ₹629 crore even as the company experienced a 30 basis point margin contraction to 14.9 per cent. This was primarily led by high input costs for the Indian tea business

Our Special Correspondent Calcutta Published 19.10.24, 06:25 AM
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Tata Consumer Products Ltd (TCPL) has posted 13 per cent growth in revenue from operations at 4,214 crore and a 0.9 per cent rise in profit at 367.21 crore on a consolidated basis for the three-month ended September 30 compared with the same period of last fiscal.

The company reported 11 per cent jump in consolidated EBIDTA at 629 crore even as the company experienced a 30 basis point margin contraction to 14.9 per cent. This was primarily led by high input costs for the Indian tea business.

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While the India beverage business grew 3 per cent, the India foods revenue, buoyed by recent acquisitions, grew 28 per cent (9 per cent organically). International business recorded 7 per cent revenue growth (5 per cent in constant currency). Profitability improved significantly by 53 per cent YoY basis.

The newly-acquired growth businesses of Capital Foods and Organic India delivered improving quarterly run-rates with strong EBITDA expansion YoY.

Capital Foods revenue grew 25 per cent QoQ and Organic India revenue grew 45 per cent QoQ.

TCPL said the joint venture with Starbucks Coffee, Tata Starbuck, has become the largest café operator in India with 457 stores across 70 cities.

Zee profit jumps

Zee Entertainment Enterprises Ltd (ZEEL) on Friday reported a 70.24 per cent jump in consolidated net profit at 209.4 crore for September quarter FY25 as margins improved by effective cost management. It had logged a net profit of 123 crore in July-September FY24.

However, total income declined 18.93 per cent from 2,509.6 crore to 2,034.4 crore.

The profitability increased due to effective cost management, according to an earning presentation from ZEEL.

“Prudent cost discipline and focused execution has enabled us to clock 630 basis points improvement in EBITDA margins in a challenging macro environment,” it said.

In the September quarter, ZEEL’s EBITDA (earnings before interest, taxes, depreciation, and amortization) margin was at 321 crore, up 2.4 per cent year-on-year.

Hind Zinc

Vedanta group firm Hindustan Zinc Ltd (HZL) on Friday reported a 34.5 per cent rise in consolidated net profit at 2,327 crore for the quarter ended September 30 on the back of higher income.

The company had posted a net profit of 1,729 crore in the year-ago period.

Consolidated income rose to 8,522 crore from 7,014 crore in the corresponding quarter of the previous fiscal.

The company earned a revenue of 6,403 crore in the second quarter from the zinc, lead and other segments and 1,550 crore from the silver vertical.

In a statement, the company said that the total revenue from operations during the quarter was 8,252 crore, up 22 per cent Y-o-Y due to better metal and silver volumes and zinc and silver prices, further supported by a strong dollar and marginally offset by lower lead prices.

With inputs from PTI

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