Shares of Tata Consumer Products fell up to 5 percent on Friday’s trading session. The shares of the FMCG company declined following the announcement of its results for the quarter ended March 2021.
The shares of Tata Consumer Products opened at Rs 636 per share. Tata Consumer Products shares declined to Rs 614 per share on Friday from the previous close of Rs 653.10 per share.
Tata Consumer Products March quarter results:
Tata Consumer Products reported an increase in net profit in the March quarter of FY21. The net profit of the FMCG company is at Rs 53.9 crore in the quarter ended March 31, 2021. The net loss in the corresponding quarter of the previous fiscal was recorded at Rs 76.5 crore. The net profit of Adani Enterprises rose by 282.2 percent year-on-year basis.