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Tata Global Beverages Limited

Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020

Audited Financial Results

for three months ended June 30, 2013

 Rs. In Lakhs

Notes:

1. Total Operating Income for the quarter at Rs 680 crores grew by 19% over the corresponding quarter of previous year driven mainly by improvement in branded operations. Profit before exceptional items at Rs. 89 crores is higher by 11% from the corresponding quarter of the previous year driven by improved operating performance and higher other income. After considering the favourable impact of exceptional items, the Profit after tax for the Quarter at Rs. 85 crores improved by 51% over the corresponding quarter of the previous year.

2. Exceptional items during the quarter represent profit from sale of Non Current Investment of Rs 36 crores partly offset by expenditure on new product development and long term initiatives in Joint ventures, aggregating to Rs 7 crores and expenditure on revision of post retirement pension obligations of Rs 4 crores. Exceptional items for the previous period represent expenditure on new product development Rs 2 crores.

3. Earnings per share (EPS) (basic and diluted) for the quarter of Rs. 1.37 is higher than Rs 0. 91 reported for the corresponding quarter of the previous year mainly due to improved operational performance and favorable impact of exceptional items. Net of the impact of exceptional items, EPS (basic and diluted) for the current quarter is Rs. 1.01 as compared to Rs 0.92 for the corresponding quarter of the previous year.

4. As the Company's activity falls within a single business segment, viz "Buying / Blending and Sale of tea in bulk and value added form" the disclosure requirements of Accounting Standard (AS-17) on "Segment Reporting" notified by the Companies (Accounting Standard) Rules 2006, are not applicable.

5. During the month of July 2013, the Company has entered into an agreement with Tata Realty and Infrastructure Limited for the development of the Company's property in Bangalore through a Special Purpose Vehicle (SPV). The consideration for the transfer of the Company's property is Rs. 195 crores which will be discharged by a mix of cash, securities in the SPV and constructed space in the developed property. The necessary transaction documents have been executed by the parties in this regard.

6. Investor complaints :

7. Previous period's figures have been rearranged/ regrouped to the extent necessary, to conform to the current period's figures.

8. The aforementioned results were reviewed by the Audit Committee of the Board on July 31, 2013 and subsequently taken on record by the Board of Directors at its Meeting held on August 01, 2013. The statutory auditors of the company have audited these results.

Mumbai, August 01, 2013 Cyrus P Mistry

(Chairman)

Tata Global Beverages Limited

Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020

Unaudited Consolidated Financial Results

for the three months ended June 30, 2013

 Rs. In Lakhs

Notes:

1. For the quarter, Income from operations at Rs 1813 crores increased by 5% year on year reflecting improved performance in most major businesses. Profit before exceptional items at Rs 176 crores as compared to Rs 153 crores is 15% higher reflecting underlying performance and the impact of cost interventions. After considering exceptional items Profit after tax is 38% higher than the same period in the previous year.

2. Exceptional items for the quarter represents profit on sale of non-current investment of Rs 32 crores, profit on sale of land of Rs 2 crores partly offset by cost relating to new product development and long term initiatives aggregating to Rs 5 crores, expenditure on revision of post retirement pension obligations of Rs 4 crores and cost relating to business restructuring of Rs 3 crores. In the corresponding period of the previous year exceptional items consisted of cost incurred for long term initiative and new projects of Rs 4 crores and reorganization cost relating to business restructuring of Rs 1 crores.

3. Earnings per share (EPS) (basic and diluted) for the quarter at Rs 1.81 is higher than the corresponding period of previous year by 44% mainly due to the improved performance and favourable impact of exceptional items. Net of the impact of exceptional items, EPS (basic and diluted) for the quarter at Rs 1.49 is higher by 15% as compared to the corresponding period of the previous year mainly due to improved operating performance.

4. Actuarial gains relating to defined benefit pension scheme of overseas subsidiaries of Rs 20.53 crores (net of tax and minority interest) for the quarter have been accounted in Reserves in the Consolidated Financial Statement applying the principles of Accounting Standard 21 and in line with the policy followed by the overseas subsidiaries and other companies in compliance with the relevant overseas accounting framework. Had the accounting policy of recognising the actuarial gains and losses of pension scheme of the overseas subsidiaries in the Statement of Profit and Loss been followed, the consolidated Net profit for the Group for the quarter would have been higher by Rs 20.53 crores. The net profit for the interim periods as well as year reported is comparable and excludes the impact of actuarial gain/losses.

The Statutory Auditors have invited attention to this in their Limited Review report.

5. The major part of the Holding Company's business arises from operations outside India and through its subsidiaries. In view of this the Company has opted to publish only consolidated results for the year as permitted under SEBI guidelines. The standalone results shall be available on the Company's website as well as on the website of the stock exchanges where the Company's shares are listed. The Total Income from Operations, Net Profit for the period and Earnings per share of the Holding Company's standalone financial results are given below:

*not annualized for the quarter end

6. During the month of July 2013, the Holding Company has entered into an agreement with Tata Realty and Infrastructure Limited for the development of the Company's property in Bangalore through a Special Purpose Vehicle (SPV). The consideration for the transfer of the Holding Company's property is Rs. 195 crores which will be discharged by a mix of cash, securities in the SPV and constructed space in the developed property. The necessary transaction documents have been executed by the parties in this regard.

7. Previous period's figures have been regrouped / rearranged, to the extent necessary, to conform to current period's classifications.

8. The aforementioned results were reviewed by the Audit Committee of the Board on July 31, 2013 and subsequently taken on record by the Board of Directors at its Meeting held on August 1, 2013. The Statutory Auditors of the company have conducted a limited review of these results.

Mumbai, August 01, 2013 Cyrus P Mistry

(Chairman)

Tata Global Beverages Limited

Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020

Unaudited Consolidated Segment wise Revenue, Results and Capital Employed,

under Clause 41, of the Listing Agreement for the three months ended June 30, 2013

 Rs. In Lakhs

Notes:

a. Business Segments: The internal business segmentation and the activities encompassed therein are as follows:

Tea : Cultivation & manufacture of black tea and instant tea, tea buying/ blending and sale of tea in bulk or value added form. Coffee and Other Produce : Cultivation of coffee, pepper and other plantation crops and conversion of coffee into value added products such as roast and ground coffee & instant coffee and sales thereof.

Others : Sale of Natural Mineral Water, other minor crops, curing operations of coffee and trading of items required for coffee plantations.

b. The segment wise revenue, results, capital employed figures relate to the respective amounts directly identifiable to each of the segments. Unallocable expenditure includes expenses incurred on common services at corporate level, finance costs and exceptional items. Unallocable income includes income from investments and exceptional items.

c. Previous year/quarter figures have been regrouped/rearranged to the extent necessary, to conform to current year/quarter classifications.

Mumbai, August 1, 2013 Cyrus P Mistry

(Chairman)

Rs. In Crores

* Not annualised for the quarter