Q1FY21 results: Tata Consumer Products net profit rises by 81.78 per cent YoY

Tata Consumer Products Limited, uniting the food and beverage interests of the Tata Group, announced its quarterly results on August 4, 2020. The company posted a consolidated net profit of Rs 345.55 crore for Q1FY21, which increased by 81.78 per cent, as compared to Q1FY20 when it reported Rs 190.09 crore.                                                                                                                                                            

The consolidated net sales reported in Q1FY21 came in at Rs 2,713.91 crore, which increased by 13.44 per cent YoY from Rs 2,392.36 crore in Q1FY20. At EBITDA level, the company stood at Rs 482.65 crore in Q1FY21 that increased by 37.56 per cent YoY. For Q1FY20, it posted an EBITDA of Rs 350.87 crore.                                                                                                                                                               

EBITDA margin as of Q1FY21 was at 17.78 per cent that increased by 3.11 per cent YoY. The net profit margin in Q1FY21 came in at 12.73 per cent, which increased by 4.78 per cent YoY. The net profit margin in Q1FY20 was at 7.95 per cent.

The share closed with gains of 3.63 per cent at Rs 449.75 on BSE. The share, today, reached its 52 week high of Rs 452.30. It has a 52 week low of Rs 214 on BSE.