EBITDA slipped 6.5 percent at Rs 188 crore in Q1 from Rs 201 crore while EBITDA margin was at 9.3 percent Versus 10.5 percent (Y-o-Y).
Tata Global Beverages net profit fell 15.3 percent at Rs 82.3 crore in April-June quarter from Rs 97 crore in the year-ago period. During the period, consolidated total income was up 6.2 percent at Rs 2029 crore against Rs 1913 crore on an annual basis.
EBITDA slipped 6.9 percent at Rs 188 crore in Q1 from Rs 202 crore while EBITDA margin was at 9.3 percent versus 10.6 percent (Y-o-Y).
According to a CNBC-TV18 poll, it was expected to report consolidated net profit at Rs 104 crore in June quarter, up 7 percent and revenue was seen rising 5.8 percent year-on-year to Rs 2,025 crore.
Margins were under pressure over high input costs and advertising spends. Gross margins contracted 100 basis points (bps) to 50 percent while ad spends jumped 14.4 percent at Rs 326 crore against Rs 285 crore (Y-o-Y).
Raw material costs also increased 10.2 percent at Rs 905 crore compared to Rs 821 crore (Y-o-Y).
Segment-wise, tea business fetched revenue of Rs 1525 crore, up 5 percent from Rs 1451 crore (Y-oY). Coffee business did a little better with revenues inching up 9.6 percent at Rs 469 crore against Rs 428 crore (Y-o-Y).
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