Tata Global Beverages Ltd. said its normalized net income for the fiscal first quarter ended June 30 was 1.46 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 1.64 rupees per share.
In the prior-year period, the per-share result came in at a profit of 1.45 rupees.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 905.3 million rupees, an increase from 894.1 million rupees in the prior-year period.
The normalized profit margin dropped to 4.8% from 5.0% in the year-earlier period.
Total revenue increased year over year to 18.84 billion rupees from 17.96 billion rupees, and total operating expenses rose 6.2% on an annual basis to 17.18 billion rupees from 16.18 billion rupees.
Reported net income declined 12.9% from the prior-year period to 972.3 million rupees, or 1.57 rupees per share, from 1.12 billion rupees, or 1.81 rupees per share.
As of July 28, US$1 was equivalent to 60.09 Indian rupees.
