● Tata Consumer Products reported a consolidated net profit of Rs 396.45 crore for the quarter ended December 2022, up by 28% YoY ● Revenue from operations jumped 8 percent YoY to Rs 3,475 crore ● Consolidated EBITDA at Rs 458 crore for the quarter, declining by 2 % YoY
● The government is likely to sell a part of its residual stake in Hindustan Zinc Ltd by next month to help it achieve the revised sell-off target of Rs 50,000 crore for the current fiscal ● The government currently holds a 29.54 percent stake in Hindustan Zinc or HZL.
● The company reported a standalone net profit of ₹951 crores for the third quarter, which is a decline of 3.7% over the previous year's period of ₹987 crores. ● The sale of products grew 11% to ₹10,444 crore as against ₹9,381 crores in the December quarter of the year-ago period.
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