Tata Consumer Products Q1FY24 Results: Consolidated PAT of Rs. 316.59 Cr

Tata Consumer Products Q1FY24 Results: Consolidated PAT of Rs. 316.59 Cr

Tata Consumer Products Q1 results show revenue up from 3674.03 crores to 3798.96 crores, a 3.40% increase in growth. EPS rise from ₹2.89 to ₹3.41, up by 17.99%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Tata Consumer Products shared its Q1 results on Wednesday. They earned 3798.96 crores in revenue this quarter, but that’s more than the 3674.03 crores they made last quarter. The company’s growth increased by 3.40 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 316.59 crores, up from 268.59 crores in the previous quarter. Their quarter-to-quarter growth increased by 17.87 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹3.41, which is an increase of 17.99% from the ₹2.89 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 3798.96 crores this year (2023), which is 12.99 percent higher than last year’s total revenue of 3362.17 crores.

This year’s PAT (Profit After Tax) is 316.59 crores, which is also 23.93% higher than last year’s PAT of 255.46 crores.

The EPS (Earnings Per Share) for this year is ₹3.41, which is 23.10% more than the EPS of ₹2.77 earned last year.

Also Read: Jindal Stainless Q1FY24 Results: Consolidated PAT of Rs. 745.81 Cr

Tata Consumer Products Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Tata Consumer Products:

Tata Consumer Products, a subsidiary of the Tata Group, is an Indian fast-moving consumer goods company. While its registered office is situated in Kolkata, its corporate headquarters is in Mumbai. The company holds the distinction of being the world’s second-largest manufacturer and distributor of tea, and it also plays a significant role as a major producer of coffee.

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