Tata Consumer Products hits new high after Q1 results

Published On: Wednesday, August 5, 2020 | By: Team KnowMyStock

Tata Consumer Products' shares hit an all-time high of Rs 471.70 apiece on Wednesday after the Tata Group FMCG major reported a robust June quarter, with net profit rising 82 per cent year-on-year (YoY) to Rs 346 crore helped by an increase in demand in some categories. The company posted a net profit of Rs 190.09 crore in April-June a year ago. Revenue from operations was up 13.44 per cent to Rs 2,713.91 crore during the quarter as against Rs 2,392.36 crore in the corresponding period of the last fiscal. Tata Starbucks' operations for Q1 were adversely impacted due to COVID-19. As of June 30 2020, close to 60 per cent of the total 186 stores have reopened, it said. The company has acquired 50 per cent stake of PepsiCo India in NourishCo Beverages Ltd, making it a wholly-owned subsidiary with effect from May 18, 2020, and hence TCPL has shown a gain of Rs 84 crore.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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