Tata Global Beverages net profit falls By Swastika Investmart Limited

Tata Global Beverages Ltd reported a 28% drop in merged net benefit to Rs.69 crore for the quarter finished 31 March, as the Tetley Tea maker used all the more on supporting its new brand launches and expanded promotion using.

Net benefit was Rs.95.76 crore a year back.

Income for the financial Q4 was Rs.1, 910 crore, an expand of 3% over Rs.1,849.50 crore in the same period a year ago.

A Bloomberg survey of research evaluated net benefit of Rs.110.4 crore and net offers of Rs.1, 950.6 crore.

For the year finished 31 March, the organization reported a 29% improvement in net benefit to Rs.480.51 crore from Rs.372.75 crore. Income was Rs.7, 738 crore, rising 5% year-on-year.

Tata Starbucks Ltd, a joint wander between Tata Global Beverages and US spot chain Starbucks Corp., now runs 46 Starbucks stores in Mumbai, Delhi, Bangalore and Pune.

Tata Water Plus is currently sold in Tamil Nadu, Andhra Pradesh and Gujarat. Tata Gluco Plus launched another flavor variant, Apple Cinnamon, last quarter, which was been generally welcomed in the business sector, said the organization.

"In a testing business nature, we keep on contributing highly behind our brands. We have made great advancement on classification venture into coffee and the single-serve business in Australia with the procurement of the MAP brand," said Ajoy Misra, overseeing chief and CEO, Tata Global Beverages.

At 9.16 am on Thursday, Tata Global Beverages was exchanging at Rs.153, down around by 2.08%, while the benchmark Sensex was exchanging around 0.13% at 24,523.13 points.

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swastika Investmart Limited

 

[Dhruv Bindhani]

Tata Global Beverages Ltd reported a 28% drop in merged net benefit to Rs.69 crore for the quarter finished 31 March, as the Tetley Tea maker used all the more on supporting its new brand launches and expanded promotion using.

Net benefit was Rs.95.76 crore a year back.

Income for the financial Q4 was Rs.1, 910 crore, an expand of 3% over Rs.1,849.50 crore in the same period a year ago.

A Bloomberg survey of research evaluated net benefit of Rs.110.4 crore and net offers of Rs.1, 950.6 crore.

For the year finished 31 March, the organization reported a 29% improvement in net benefit to Rs.480.51 crore from Rs.372.75 crore. Income was Rs.7, 738 crore, rising 5% year-on-year.

Tata Starbucks Ltd, a joint wander between Tata Global Beverages and US spot chain Starbucks Corp., now runs 46 Starbucks stores in Mumbai, Delhi, Bangalore and Pune.

Tata Water Plus is currently sold in Tamil Nadu, Andhra Pradesh and Gujarat. Tata Gluco Plus launched another flavor variant, Apple Cinnamon, last quarter, which was been generally welcomed in the business sector, said the organization.

"In a testing business nature, we keep on contributing highly behind our brands. We have made great advancement on classification venture into coffee and the single-serve business in Australia with the procurement of the MAP brand," said Ajoy Misra, overseeing chief and CEO, Tata Global Beverages.

At 9.16 am on Thursday, Tata Global Beverages was exchanging at Rs.153, down around by 2.08%, while the benchmark Sensex was exchanging around 0.13% at 24,523.13 points.

Regarding

swastika Investmart Limited

The article from May 29, 2014, reports on Tata Global Beverages Ltd's financial performance for the quarter and fiscal year ended March 31, 2014. It highlights a significant drop in quarterly net profit, attributed primarily to increased investment in new brand launches and promotional activities.

Here's a breakdown of the key information:

• Q4 FY2014 Performance:
  
  • Net Benefit (Profit): Reported a 28% drop to Rs. 69 crore, down from Rs. 95.76 crore in the same quarter last year. This was lower than the Bloomberg survey's estimate of Rs. 110.4 crore.
  • Income (Revenue): Increased by 3% to Rs. 1,910 crore, up from Rs. 1,849.50 crore in the prior year's Q4. This was slightly below the Bloomberg survey's estimate of Rs. 1,950.6 crore.
  • Reason for Profit Drop: The company stated that the decrease in net profit was due to higher spending on "supporting its new brand launches and expanded promotion using."
• Full Year FY2014 Performance (Year ended March 31):
  
  • Net Benefit (Profit): Showed a 29% improvement, rising to Rs. 480.51 crore from Rs. 372.75 crore in the previous fiscal year.
  • Income (Revenue): Increased by 5% year-on-year to Rs. 7,738 crore.
• Business Developments and Strategic Focus:
  
  • Tata Starbucks Ltd: The joint venture with Starbucks Corp. had expanded to 46 stores across Mumbai, Delhi, Bangalore, and Pune.
  • Water Brands: Tata Water Plus was being sold in Tamil Nadu, Andhra Pradesh, and Gujarat. Tata Gluco Plus had launched a new Apple Cinnamon flavor, which was "generally welcomed in the business market."
  • Acquisitions and Expansion: Ajoy Misra, Managing Director and CEO, stated that despite a "testing business nature," the company continued to invest heavily in its brands. He noted good progress in category expansion into coffee and the single-serve business in Australia with the acquisition of the MAP brand.
• Stock Market Reaction: On the day of the report (Thursday, presumably May 29, 2014), Tata Global Beverages' stock was trading at Rs. 153, down approximately 2.08%, while the Sensex (benchmark index) was trading around 0.13% higher at 24,523.13 points.

The report indicates a strategic decision by Tata Global Beverages to invest in brand building and new product launches, which impacted short-term profitability (Q4) but aligned with a broader strategy for long-term growth and category expansion, as reflected in the positive full-year profit growth.