Tata Consumer Products reported its earnings for the quarter ended March in the after-market hours of Tuesday.

What Happened: Tata Consumer’s revenue from operations went up 8% year-over-year to ₹3,926 crore in the March quarter as compared to the ₹3,619 crore posted in the same quarter last year.

The Tata Group company’s net profit slumped 20% to ₹216 crore from the ₹268 crore posted in the same quarter last year. The number was below street estimates of around ₹4,000 crore revenue, and ₹330 crore profit.

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The company’s operating margin expanded to 13.13% from 12.03% reported at the end of March 2023. The company also announced a final dividend of ₹7.75.

The FMCG giant’s India business saw a 10.3% YoY increase at ₹2,479 crore. International business revenue grew by 7% YoY to ₹1,052 crore. Analysts across the board are expecting muted earnings for the entire FMCG sector in the March quarter.

Price Action: Tata Consumer’s share price was up 0.07% to close at ₹1,173.25 on Tuesday.

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