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Tata Global Beverages fiscal Q4 profit climbs 32.0% YOY

Tata Global Beverages Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 came to 1.44 Indian rupees per share, compared with the S&P Capital IQ consensus estimate of 1.67 rupees per share.

EPS rose 25.6% year over year from 1.15 rupees.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 938.8 million rupees, a gain of 32.0% from 711.4 million rupees in the year-earlier period.

The normalized profit margin climbed to 4.6% from 3.6% in the year-earlier period.

Total revenue increased year over year to 20.35 billion rupees from 19.81 billion rupees, and total operating expenses grew on an annual basis to 18.80 billion rupees from 18.28 billion rupees.

Reported net income fell 94.4% from the prior-year period to 39.0 million rupees, or 6 paise per share, from 693.0 million rupees, or 1.12 rupees per share.

For the year, the company's normalized net income totaled 5.73 rupees per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 6.45 rupees.

EPS rose from 5.65 rupees in the prior year.

Normalized net income was 3.61 billion rupees, a rise from 3.49 billion rupees in the prior year.

Full-year total revenue grew on an annual basis to 79.93 billion rupees from 77.38 billion rupees, and total operating expenses rose year over year to 73.59 billion rupees from 71.15 billion rupees.

The company said reported net income declined 48.4% year over year to 2.48 billion rupees, or 3.93 rupees per share, in the full year, from 4.81 billion rupees, or 7.77 rupees per share.

As of July 10, US$1 was equivalent to 63.32 Indian rupees.