Anubhav SahuMoneycontrol research
The earnings report from Tata Global Beverage revealed a continuation of improving profitability of its Indian operations and restructuring of the international businesses. Despite GST, the company witnessed growth supported by volumes.
In our view, Tata Globals latest initiatives on restructuring are directionally positive steps. We believe that the latest developments have the potential to unlock value for the shareholders.
Q1 results aided by better performance of branded business
At the consolidated level, the company posted sales de-growth of -2 percent, wherein underlying constant currency growth was at 1 percent driven by improved performance of its Indian operations. Branded business…
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