Tata Consumer Products today posted a 38% rise in consolidated PAT for the Q1Fy23 period at Rs. 255 crore versus Rs. 185.2 crore in Q1Fy22. In the March ended quarter, the figure was at Rs. 217.5 crore.
Revenue of the company grew 10.6% to Rs. 3,327 crore for the review period as against Rs 3,009 crore in the same period of the previous year. Sequentially, revenue registered 4.8% growth.
The growth on a year-on-year basis was owing to the increase in revenue of its domestic tea business, foods business, international coffee business and growth logged by its subsidiaries.
"We delivered double digit revenue growth and improved profitability for the company despite a challenging macro environment and inflation impact in some of our categories", Managing Director and CEO Sunil D'Souza said.
The company's scrip ahead of its results closed at Rs. 790.55, up by 0.23% on the NSE.