Shares of Tata Consumer witnessed a 4% decline on Thursday morning of February 8, driven by the FMCG firm’s latest financial report. Tata Consumer Products revealed a notable 17.26% decrease in its consolidated net profit for the December quarter, totaling Rs 301.51 crore.
This decline was primarily attributed to reduced contributions from associate and joint venture firms.
As of 12:52 pm, Tata Consumer shares continued to trade lower, down by 3.30% at ₹1,127.75, reflecting investor concerns over the company’s recent performance.
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Tata Consumer