Tata Global Beverages revenue rose 4.2% yoy to Rs1,834.1cr. Net profit fell 18.9% yoy to Rs137.7cr. EBITDA rose 41% to Rs234.7cr. Margin stood at 12.8% vs. 9.5% in Q2FY19.
Consolidated revenue grew by 4% to Rs1,834cr for Q2 and by 5% to Rs3,731cr for H1FY20 with higher overall volume growth of 7% both in Q2 and H1 impacted by lower realisations with commodity price deflation.
Consolidated EBITDA grew by 13% to Rs237cr for Q2 and by 10% to Rs505cr for H1FY20; EBITDA, excluding one time income in last year, is higher by 39% (Q2) and by 20% (H1).
Consolidated Net Profit, excluding one off items, is higher by 45% (Q2) and by 33% for H1FY20.
India Branded Business grew by 8% in volume terms both in Q2 and for H1FY20.
US Coffee grew 4% and Other International Businesses grew 2% in volume terms both in Q2 and for H1FY20.
TGBL and TCL (Consumer Products Business) merger as per schedule.
Acquisition of Branded Business of Dhunseri Tea completed successfully.
Tata Global Beverages Ltd is currently trading at Rs300.25 up by Rs8.35 or 2.86% from its previous closing of Rs291.90 on the BSE.
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