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India's Tata Consumer posts higher Q4 profit before one-time charge on steady local demand

Posted on AllSides April 23rd, 2024
From The Center

BENGALURU, April 23 (Reuters) - India's Tata Consumer Products (TACN.NS) on Tuesday posted a rise in its fourth-quarter profit before a one-time expense, aided by strength in its domestic business that sells essential items such as pulses, grains and salt. The company's consolidated profit before exceptional items rose to 5.09 billion rupees ($61.08 million) from 4.56 billion rupees a year ago. Tata Consumer incurred a one-time charge of 2.16 billion rupees, relating to costs of acquisition during the quarter. The Tetley tea maker's revenue from its India-branded business increased 10.4%...

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