Q4 Results 2022: Tata Consumer Products, Havells, Castrol India announce March quarter results; here are key highlights

Q4 Results 2022: Listed companies including Tata Consumer Products Ltd (TCPL), Havells India Ltd and Castrol India Limited announced their March quarter results on Wednesday. Here are the key highlights of the results.  

Tata Consumer Products Q4 profit rises to Rs 239 crore

Tata Consumer Products Ltd (TCPL) on Wednesday reported an over three-fold jump in consolidated net profit at Rs 239.05 crore for the fourth quarter ended March.

The company had posted a net profit of Rs 74.35 crore in the January-March quarter a year ago, said TCPL, earlier known as Tata Global Beverages Ltd, in a BSE filing.

Its revenue from operations was up 4.54 per cent at Rs 3,175.41 crore during the quarter under review as against Rs 3,037.22 crore in the same period a year ago.

Total expenses of the Tata Group's FMCG arm were at Rs 2,819.60 crore, marginally up in Q4/FY 2021-22, as against Rs 2,818.34 crore in the corresponding period of the preceding fiscal.

TCPL's revenue from the Indian market in the January-March quarter was at Rs 1,953.66 crore, while its international business contributed Rs 890.19 crore.

Shares of Tata Consumer Products Ltd on Wednesday settled at Rs 803.90 on BSE, down 2.49 per cent from the previous close. 

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Havells Q4 net profit up 16% to Rs 352.48 cr, sales up 32.5% to Rs 4,426.26 cr

Consumer electrical goods maker Havells India Ltd on Wednesday reported a 16.01 per cent increase in its consolidated net profit to Rs 352.48 crore for the fourth quarter ended in March 2022.

The company had posted a consolidated net profit of Rs 303.83 crore in the January-March quarter a year ago, Havells said in a regulatory filing.

Its revenue from operations was up 32.55 per cent to Rs 4,426.26 crore during the period under review as against Rs 3,339.21 crore in the corresponding period last fiscal.

Commenting on the results, Havells India Chairman and Managing Director Anil Rai Gupta said, ?Sales momentum was regained in Q4 with encouraging performance across verticals. Sustained inflation impacting the margins, however, expect margins to improve with the calibrated price increase and cost optimization."

Havells total expenses were at Rs 3,996.12 crore, up 36.87 per cent at Q4/FY 2021-22 as against Rs 2,919.54 crore.

The Board of Directors of the Company has approved a Final Dividend of Rs. 4.50 per equity share, for the financial year 2021-22.

Shares of Havells India Ltd on Wednesday settled at Rs 1,253 on BSE, down 2.82 per cent from the previous close.

Castrol India reports 6 pc dip in PAT in Q1

Lubricant maker Castrol India on Wednesday said its profit after tax (PAT) declined by 6 per cent to Rs 229 crore for the first quarter ended March.

The company had posted a PAT of Rs 244 crore in the January-March period of last year.

The company follows the January-December financial year.

Revenue from operations, however, rose to Rs 1,236 crore in the quarter under review as against Rs 1,139 crore in the year-ago period, Castrol India said in a statement.

"Continuing our growth momentum from Q4 2021, Castrol India delivered a strong performance in first quarter 2022, achieving double-digit growth in volumes, revenues, gross profit and profit before tax, marking a significant growth over the previous quarter," Castrol India Managing Director Sandeep Sangwan said.

Despite a brief impact from the third wave of COVID-19 in January, business operations resumed normalcy and Q1 2022 witnessed a good resurgence in demand, he added.

"While inflationary and supply side pressures continued to be high, the company was able to serve its customers' needs by leveraging its strong distribution network and supplier relationships," Sangwan noted.

Castrol India shares today ended at Rs 107.10 on the NSE, down by over 1 per cent from the Monday closing price. 

Inputs from PTI