Tata Consumer Products Ltd (TCPL) on Wednesday (February 7) reported a 17.3% year-on-year (YoY) decline in net profit at ₹301.5 crore for the third quarter that ended December 31, 2023.
In the corresponding quarter last year, Tata Consumer Products posted a net profit of ₹364.4 crore, the company said in a regulatory filing. CNBC-TV18 poll had predicted a profit of ₹350 crore for the quarter under review.
The company's revenue from operations increased 9.5% to ₹3,803.9 crore against ₹3,474.5 crore in the corresponding period of the preceding fiscal. CNBC-TV18 poll had predicted revenue of ₹3,800 crore for the quarter under review.
At the operating level, EBITDA increased 26.1% to ₹572.4 crore in the third quarter of this fiscal over ₹453.7 crore in the corresponding period in the previous fiscal. CNBC-TV18 poll had predicted an EBITDA of ₹546 crore for the quarter under review.
The EBITDA margin stood at 15.1% in the reporting quarter compared to 13.1% in the year-ago period. EBITDA is earnings before interest, tax, depreciation, and amortisation. CNBC-TV18 poll had predicted a margin of 14.4% for the quarter under review.
India & International business
The results came after the close of the market hours. Shares of Tata Consumer Products Ltd ended at ₹1,170, up by ₹7.25, or 0.62% on the BSE.
