Tata Consumer Products Q4 net profit up 15.17% at Rs 81.69 cr
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The company reported standalone net profit of Rs 81.69 crore for the quarter ended March 31, 2021 as compared to Rs 70.93 crore in the same period last year, registering a year-on-year growth of 15.17 per cent. Net revenue of the company rose substantially by 38.55 per cent at Rs 1,850.06 crore in January-March quarter of this fiscal as against Rs 1,335.31 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 45.37 per cent to Rs 1,708.01 crore from Rs 1,174.93 crore in year ago period. Other Income grew by 71.98 per cent at Rs 28.72 crore versus (Mar'20 Rs 16.70 crore).
Operating Profit slipped by 11.43 per cent to Rs 142.05 crore as against Rs 160.38 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 36.05 per cent in March quarter. Interest grew by 16.64 per cent y-o-y to Rs 7.92 crore, while Taxation increased by 33.71 per cent at Rs 33.36 crore (Mar'20 Rs 24.95 crore).
