The company is going through a process of reorganisation after the amalgamation of Tata Coffee and the acquisition of Organic India and Capital Foods. The Q4FY24 revenue was ₹3,930 crore, up 8.5 per cent year-onyear (Y-o-Y) in Q4FY24, while the operating profit margin improved 190 basis points Yo-Y to 16 per cent, driven by a better gross margin (up 430 basis points) of 46.1 per cent vs 41.8 per cent Y-o-Y. The operating profit rose 23 per cent Y0-Y to 630 crore.
The Indian branded business grew 10 per cent Y0-Y to 2,480 crore, led by revenue growth of 3 per cent Y-o-Y in the Indian branded beverage and 20 per cent Y-o-Y in the Indian food segment to ₹1,320 crore and ₹1,160 crore, respectively. The segment profit increased 3 per cent Y-o-Y to ₹320 crore during the quarter.
This story is from the April 25, 2024 edition of Business Standard.
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This story is from the April 25, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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