Tata Global Beverages posts robust Q1FY17

Tata Global Beverages has declared its Q1FY17 results on August 9. The company’s revenue has increased by 4 per cent to Rs 1734 crore in Q1FY17 as compared to same period in previous fiscal year. The company’s EBITDA has risen by 30.6 per cent to Rs 239 crore in Q1FY17 on a yearly basis. Its EBITDA margin has expanded by 284 basis points to 13.78 per cent in Q1FY17 as compared to same period in previous financial year. Tata Global Beverages’ net profit also has increased by 51.95 per cent to Rs 120 crore in Q1FY17 on a yearly basis. The company’s net profit margin has expanded by 219 basis points to 6.89 per cent in Q1FY17 as compared to same period in previous fiscal year.

On the segmental revenue front, Tata Global Beverages has earned 69.37 per cent from tea, 16.96 per cent from coffee, 0.39 per cent from others and 13.28 per cent from non-branded business during Q1FY17.

The share price of Tata Global Beverages has increased by 0.35 per cent on an intraday basis; and has closed at Rs 143.4.

Tata Global Beverages is a global beverage business with brand presence in over 40 countries. The company has significant interest in tea, coffee and water and is the world’s second largest tea company. It serves over 300 million brands, which are consumed everyday around the world.