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India's Tata Consumer posts higher Q4 profit before one-time charge on steady local demand [Reuters]
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, opens new tab on Tuesday posted a rise in its fourth-quarter profit before a one-time expense, aided by strength in its domestic business that sells essential items such as pulses, grains and salt. The company's consolidated profit before exceptional items rose to 5.09 billion rupees ($61.08 million) from 4.56 billion rupees a year ago. Tata Consumer incurred a one-time charge of 2.16 billion rupees, relating to costs of acquisition during the quarter. The Tetley tea maker's revenue from its India-branded business increased 10.4% during the quarter. The segment, which includes brands like Tata Sampann pulses and Tata Salt, contributes 63% to the revenue. Its coffee products delivered a revenue growth of 45% during the quarter, the company added. Revenue from international business, including regions like America, the United Kingdom and the Middle East, rose nearly 11%. Consumer goods makers have seen muted volume growth over the financial year 2024 amid increased compet
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