The company had posted a net profit of Rs 706.23 crore in the April-June quarter of 2014-15.
In an interview to CNBC-TV18, McLeod Russel's CFO Kamal Baheti says, on a lower side, company expects tea prices to increase by Rs 10-15 per kilogram this season.
The Kolkata-based company had reported a net profit of Rs 138.33 crore in January-March a year-ago.
The company said earnings before interest, tax, depreciation and amortisation fell 39 percent to USD 1.29 billion for the six months ended September 30.
UBS AG expects revenue at motor racing business Formula One to grow 9.2% a year from 2011 to 2016, driven by an increase in the number of races and rising advertising and sponsorship sales, a research note seen by Reuters on Wednesday showed.