Tata Consumer Products Profit Zooms
Tata Consumer Products, the maker of TATA Salt, TATA Tea, Tetley, Eight O' clock and Himalayan Water's First quarter profit up 80% at Rs 346 crores compared to 190 crores last year.
Looks like Tata consumer (Tata beverages) has immensely benefited from covid 19 crisis. People have consumed a lot of Tata products this quarter!
Company had acquired Nourishco beverages and as a result of which profit increased by 84 crores.
But at the same time the profit was reduced by Tata Starbucks due to the impact of COVID-19 on closure.