The consolidated net income, however, during the period under review remained almost flat at Rs.1,922.65 crore compared with Rs.1,909.93 crore during the 2013-14 fiscal, the company said in a statement on Thursday.
Tata Global Beverages on Friday reported 29.53 per cent decline in consolidated net profit at Rs 84.24 crore for the quarter ended December 31, 2014, impacted by slow sales growth, tax credit taken for restructuring and currency fluctuations.
World Bank's audit arm Compliance Advisor Ombudsman (CAO) will investigate claims of labour and human rights abuses at a tea plantation project in Assam that is jointly financed by IFC and Tata Global Beverages.
Tata Global Beverages on Tuesday reported 76.64 percent increase in its consolidated net profit for the fourth quarter ended March 31, 2013 at Rs 95.76 crore on the back of robust performance in both tea and coffee segments.
Tata Global Beverages, which has a joint venture with the US-based Starbucks, Monday said it will meet its target of opening 50 outlets of the world's largest coffee chain in India by this year, a delay of one year from the original schedule.
Tata Group firm Tata Global Beverages on Thursday reported a 25.28 percent rise in its consolidated net profit to Rs 80.26 crore for the quarter ended December 31, 2012, mainly on account of robust sales in tea and coffee verticals.
LIC sold over 1.28 crore shares, representing around 2.08 percent stake, in the Tata group firm. These scrips were offloaded between August 23 and December 26, 2012, through open market sale, Tata Global Beverages said in a filing to the BSE.