Tata Tea registers higher profit

Driven by improved branded sales and favourable exchange rate movements, the company’s consolidated world wide total operating income for the year at Rs 4,874 crore grew by 12 per cent over the previous year.

The profit before exceptional items at Rs 531 crores has risen by 21 per cent after absorbing the adverse impact of hardening commodity prices and costs relating to new initiatives partly offset by savings in interest costs, said Tata Tea in a release. The consolidated net profit after tax at Rs 701 crores and is not comparable to the previous year due to the impact of one time profit on sale of investments in Energy Brands Inc and North India Plantations in the previous year.

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