Tata Global Beverages net profit down by nearly 35% in Q3
The Group net profit for the quarter is lower mainly on account of deferred tax credit of Rs 53 crores recognised in corresponding quarter of the previous year arising on account of changes in US tax rates, and lower share of profits from associates and joint ventures.
"The company has clocked steady revenue growth in the last quarter. Profits have been impacted due to higher commodity costs, increased brand investment and one-off items. official website