Tata Consumer Q2 Net Profit Rises Despite Input Costs and Weak Tea Demand
Tea volumes were flat in the September quarter as weak demand and rising commodity costs pressured Tata Consumer Products’ core business. The company leaned on salt and newer businesses to sustain growth.
Aanya Thakur Mumbai: Weak tea demand and rising commodity costs are putting pressure on Tata Consumer Products' core business, prompting the company to lean on salt and newer businesses to sustain growth. Tea volumes remained flat in the September quarter, while unusually hot weather hurt its UK bu…