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Stock 360: Here's what's driving Tata Consumer's after Q1 performance

Updated : August 06, 2020 04:33 PM IST

On CNBC-TV18's brand new segment - Stock 360, Anuj Singhal takes a 360 degree stock check on Tata Consumer.

Tata Consumer stock is up about 11 percent for the month and 48 percent for the year. The company posted a net profit of Rs 190.09 crore in the same period a year ago in this quarter.

Revenue from operations rose 13.44 percent YoY to Rs 2,173.91 crore as against Rs 2,392.36 crore in the corresponding quarter last year led by the volume and value growth in both India and international business.

The company also intimated that Tata Starbucks' operations for Q1 was adversely impacted due to COVID-19. As of June 30, 2020, about 60 percent of the total 186 stores have reopened, it said
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