India's Tata Consumer Products beats first-quarter profit view on steady beverage, food demand
India's Tata Consumer Products beats first-quarter profit view on steady beverage, food demand July 24 (Reuters) - India's Tata Consumer Products TACN.NS reported a bigger-than-expected quarterly profit on Friday, helped by resilient demand for its beverages and packaged foods businesses.
The Tata Salt maker's consolidated net profit rose 27.84% year-on-year to 4.27 billion rupees ($44.22 million) in the three months ended June 30, above analysts' estimate of 4.20 billion rupees, per data compiled by LSEG.
($1 = 96.5625 Indian rupees)
(Reporting by Surbhi Misra in Bengaluru)
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