Tata Consumer Board has announced a final dividend of Rs 8.45 for the financial year 2022-23. It will be paid within 30 days from the date of approval in the AGM.
Tata Group is a business ranging from water to aeroplane. There is no such thing in the country which she is not selling after making, and she is trying to establish her presence even in those which she is not selling. Even Tata Group is making profit of crores of rupees by selling tea, coffee and salt. Yes, the quarterly results of Tata Consumer Products have been released. In which the company has got a profit of Rs 268 crore. This is 23 percent more than the loss of Rs 217 crore in the same quarter of the previous year.
During the fourth quarter, there has been a 14 percent year-on-year increase in operational revenue and has increased to Rs 3,619 crore. It was Rs 3,175 crore in the same period a year ago. The board has declared a final dividend of Rs 8.45 for the financial year 2022-23. This will be paid within 30 days after the AGM.
Increase in growth from India to International
Brand India business in the last quarter saw a revenue of Rs 2,246 crore, which is 15 percent higher than Rs 1,953 crore in the same period last year. Meanwhile, the international branded business achieved a revenue growth of 20 per cent to Rs 984 crore. While it was Rs 890 crore in the year-ago period. Non-branded business revenue for the fourth quarter stood at Rs 385 crore, up 12 per cent over the previous year period. The company has achieved an operating profit of Rs 518 crore with a year-on-year growth of 13 per cent.
Earned record revenue by selling coffee
Tata Starbucks has achieved 48 percent revenue for the quarter. Brought the growth of FY 2023 to 71 percent. It has been a historic year for the business, the company said in a release. Tata Starbucks opened 71 new stores and entered 15 new cities during the year – the highest ever annual store addition. This takes the total number of stores to 333 in 41 cities. According to the company, India’s packaged beverages business registered 1 per cent revenue growth and 3 per cent volume growth in the quarter. The company said its salt portfolio continued its strong momentum and saw double-digit revenue growth during the quarter and during the year.