Its net profit stood at Rs 65.49 crore in the year-ago period.
Formation of Tata Consumer Products Limited (TCPL) "marks a new strategic direction, an accelerated expansion into India's FMCG market" said TGBL adding that it would "meet evolving consumer needs across the food and beverages spectrum".
Revenue from operations in the third quarter stood at Rs 1,961.9 crore as compared with Rs 1,912.58 crore in the corresponding period last fiscal, it added.
D'Souza, who holds a post-graduate diploma in management from the IIM Calcutta, was leading Whirlpool India for last four years.
The consolidated revenue from operations during the quarter under review stood at Rs 1,834.06 crore as against Rs 1,760.87 crore in the year-ago period, a growth of 4.12 per cent, it added.
The company posted 11.61 per cent rise in consolidated net profit at Rs 149.11 crore in the first quarter ended June 30, 2019.
The company had entered into a non-binding term sheet to acquire the branded tea business of Dhunseri Tea & Industries.
The ratio chart of BankNifty/Nifty indicates a possibility of underperformance in the BankNifty in coming days, said Jay Purohit of Centrum Broking
TGBL, world's second largest player in the branded tea category has entered the branded coffee space at a time when coffee consumption has started rising rapidly across India.
Tata Starbucks on Monday said it is suspending the use of ingredients not approved by food regulator FSSAI in certain products served at its India outlets.
Tata Global Beverages Ltd (TGBL) said it has fully acquired SuntyCo Holding, the owner of the ‘Grand‘ business in Russia.
Tata Global Beverages Ltd has reported their first quarter earnings today. The company’s net profit jumped to Rs 161 crore for the quarter ended June 30, 2011.