Tata Global Beverage's third quarter consolidated profit after tax is expected to increase 1.2 percent year-on-year to Rs 121 crore, according to the average of estimates of analysts polled by CNBC-TV18. Adjusted profit is likely to increase 39.1 percent during the quarter.
Total income of the tea maker is seen rising 3.3 percent to Rs 2,150 crore in the quarter ended December 2014 from Rs 2,081 crore in same quarter last fiscal.
Operating profit may jump 8.2 percent year-on-year to Rs 212 crore and margin may expand 50 basis points to 9.9 percent in the quarter gone by. Expectations
Analysts expect another quarter of muted earnings growth
They see a positive impact from the recovery in the Canadian tea market and lower promotions in the UK tea market, offset partly by poor performance in the plantations business
Analysts expect revenue growth to be subdued on low pricing power and high competitive intensity
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
