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Last Updated : Nov 12, 2013 11:55 AM IST | Source: CNBC-TV18

Tata Global Beverage Q2 PAT seen up 26% to Rs 149 cr: Poll

Consolidated profit after tax is expected to rise 25.5 percent year-on-year to Rs 149 crore and total income is seen increasing 8.1 percent Y-o-Y to Rs 2,011 crore in three-month period ended September 2013.

 
 
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Tata Group-owned tea company Tata Global Beverage (TGBL) will announce its second quarter (July-September) earnings today. According to a CNBC-TV18 poll, analysts expect forex tailwinds to contribute more than half of TGBL's topline growth.


They believe moderation in prices of international tea, coffee and benign domestic tea prices should drive around 200 basis points gross margin expansion. TGBL's ongoing cost management initiatives are also likely to lead to a surge in operating profit growth.


Consolidated profit after tax is expected to rise 25.5 percent year-on-year to Rs 149 crore and total income is seen increasing 8.1 percent Y-o-Y to Rs 2,011 crore in three-month period ended September 2013.


During the same quarter, earnings before interest, tax, depreciation and amortisation may jump 47.9 percent on a yearly basis to Rs 238 crore and operating profit margin may expand 320 basis points to 11.9 percent.



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First Published on Nov 12, 2013 11:55 am
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