Tata Global Beverages will publish its third quarter performance report today
NEW DELHI: an Indian multinational non-alcoholic beverage company, Tata Global Drinks He will declare his earnings for the third quarter of today, that is, on Tuesday, February 4.
The company has been on the radar of investors since early 2020, as expectations of the company being included in the MSCI index and the appointment of a new executive director have revived interest in the action.
For long-term growth, the company's main focus will be on a solid portfolio of branded products, improving distribution and scope, restructuring initiatives, expected revenue and cost synergies of the merger with the consumer business of TCL and favorable macro traits.
For the quarter ended September 2019, the company's consolidated revenues from operations reached Rs 1,834.06 rupees compared to Rs 1,760.87 rupees in the same period of the previous year, a growth of 4.12 percent. While there was a decline of 17.12 percent in consolidated net profit in Rs 152.47 crore.
As told to PTI while declaring the Q2 results, Tata Global Drinks executive director and group CFO L Krishna Kumar said, "Currently, we are not looking at new markets. We are working on the integration and that is our focus in the short term."
While the shares of Tata Global Drinks closed trade at Rs 378.85 (NSE) on Monday, February 03 and on Tuesday, February 04, the scrip opened at Rs. 384 (NSE), it would be interesting to see how it performs in the quarter ended December 2019.