TGBL.L Regulatory News (TGBL)

Tata Global Beverages Limited

Registered Office: 1 Bishop Lefroy Road Kolkata-700020

CIN - L15491WB1962PLC031425, Email : investor.relations@tgbl.com,

Website : www.tataglobalbeverages.com

Standalone Financial Results for the quarter ended June 30, 2017

Rs. in Crores

Notes:

1. For the quarter, Revenue from operations at Rs 859 crores increased over corresponding quarter of the previous year reflecting improved performance in the branded tea operations. Sales growth in the quarter was muted due to the implementation of GST. Profit before exceptional items at Rs 196 crores is higher by 76% as compared to corresponding quarter of previous year reflecting improved operating performance, higher dividend income and lower finance costs. Total income for the quarter included Rs 40 crores of dividend from overseas subsidiaries (Previous year Nil). After exceptional items, profit after tax at Rs 152 crores was higher by 108%.

2. Exceptional item for the current quarter represents gain on disposal of stake in Zhejiang Tata Tea Extractions Company Limited.

3. The Company has organized its business into Branded Segment and Non Branded Segment. Branded Segment is further categorized as Branded Tea, Branded Coffee and the residual as Branded Others. As per the threshold limits prescribed under Indian Accounting Standard (Ind AS-108) on "Segment Reporting", the Company's reportable activity falls within a single business segment and hence, the segment disclosure requirements are not applicable.

4. Figures for the quarter ended March 31, 2017 are the balancing figures between audited figures in respect of the full financial year and published year to date figures up to the third quarter of the relevant financial year.

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

6. The aforementioned results were reviewed by the Audit Committee of the Board on August 10, 2017 and subsequently taken on record by the Board of Directors at its meeting held on August 11, 2017. The Statutory Auditors of the Company have conducted limited review on these results.

Tata Global Beverages Limited

Registered Office: 1 Bishop Lefroy Road Kolkata-700020

CIN - L15491WB1962PLC031425, Email : investor.relations@tgbl.com,

Website : www.tataglobalbeverages.com

Consolidated Financial Results for the quarter ended June 30, 2017

Rs. in Crores

Notes:

1. For the quarter, Revenue from operations at Rs 1704 Crores grew by 1% in underlying terms. However, the reported number reflects a decrease of 2% due to adverse translation impact. Sales growth during the quarter was muted due to introduction of GST in India and phasing of promotions in developed markets.

2. Profit before exceptional items at Rs 218 Crores is higher by 9% as compared to the corresponding quarter of the previous year reflecting good cost management, lower commodity and finance costs partially offset by higher advertising spends. The Groups Consolidated net profit for the quarter at Rs 142 Crores increased by 19% due to improved operating performance, higher exceptional income and lower losses from its Joint Ventures and Associates. The Company's Joint Ventures had a strong quarter with a turnover growth in excess of 20%.

3. Exceptional item for the current quarter represent a gain from disposal of stake in its Chinese Joint venture, Zhejiang Tata Tea Extraction Company Limited. Exceptional items for the corresponding quarter of the previous year represents cost relating to business restructuring.

4. 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 Total Income, Profit before tax and Profit after tax of the Holding Company's standalone financial results are given below :

In Rs Crores

Total income for the quarter includes Rs 40 Crores of dividend from overseas subsidiaries (Previous year - Nil).

5. The Group has decided to restructure its operating model in Russia, by selling its business units along with all assets and operating liabilities for a consideration and to license the brand to the purchaser, Skhodnya Grand LLC and Coffee Pack LLC, Russia. The transaction is subject to completion of conditions precedent including regulatory approvals and expected to be closed over the next 3-4 months.

6. Figures for the quarter ended March 31, 2017 are the balancing figures between audited figures in respect of the full financial year and published year to date figures up to the third quarter of the relevant financial year.

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 August 10, 2017 and subsequently taken on record by the Board of Directors at its Meeting held on August 11 2017. The Statutory Auditors of the company have conducted limited review of these results. 

9. The Consolidated and Standalone result for the quarter ended June 30, 2017 are available on the Bombay Stock Exchange website (URL: www.bseindia.com), the National Stock Exchange website (URL: www.nseindia.com) and on the Company's website (URL: www.tataglobalbeverages.com ).

Tata Global Beverages Limited

Registered Office: 1 Bishop Lefroy Road Kolkata-700020

CIN - L15491WB1962PLC031425, Email : investor.relations@tgbl.com,

Website : www.tataglobalbeverages.com

Consolidated Segment wise Revenue, Results, Assets and Liabilities

for the quarter ended June 30, 2017

Rs. in Crores

Notes:

a. The group has organised business into Branded Segment and Non Branded Segment. Branded Segment is further sub-categorised as Branded Tea, Branded Coffee and the residual as Branded Others. Accordingly, the group has reported its segment results for these segments.

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

i) Branded Business -

Branded Tea : Sale of branded tea and various value added forms

Branded Coffee : Sale of coffee in various value added forms

Branded Others : Sale of water products

ii. Non Branded Business - Plantation and Extraction business for Tea, Coffee and other produce.

c. The segment wise revenue, results, assets and liabilities figures relate to the respective amounts directly identifiable to each of the segments. Unallocable items includes expenses incurred on common services at the corporate level, other income and exceptional items.