TGBL.L Regulatory News (TGBL)

Tata Global Beverages Limited

(Formerly Tata Tea Limited)

Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020

Audited Financial Results

For three months ended June 30, 2011

Rs. in Lakhs

Notes:

1. During the quarter, the company's overseas subsidiary increased its stake in The Rising Beverage LLC to 43.1%, calculated on a fully diluted basis. The Rising Beverages Company LLC is the owner of ActivateTM a performance beverage in the USA. The subsidiary has an option to further increase its stake in this company.

2. Total Operating Income for the quarter at Rs 519.46 crores grew by 14% over the corresponding quarter of the previous year driven mainly by higher volumes, better price realization and export incentive. Profit before exceptional items at Rs 62.10 crores is higher by 23% from the corresponding quarter of the previous year driven by improved performance of the branded tea operations, lower interest charge partly offset by hardening commodity cost. Profit before Tax at Rs 171.70 crores and the Profit after Tax at Rs 164.49 crores are also higher compared to the corresponding quarter of the previous year due to impact of exceptional items and better operational performance.

3. Exceptional items during the quarter represents profit arising out of sale of non-core investments aggregating to Rs. 137.21 crores net of provision for future payment under contractual obligation of Rs. 17.67 crores, estimated loss on discard of assets Rs 4.23 crores and provision for settlement of claims of Rs. 5.71 crores.

4. Current tax for the quarter is after considering MAT credit entitlement of Rs 17.14 crores.

5. Earnings per share (EPS) (basic and diluted) for the quarter of Rs. 2.66 is higher than Rs 0.58 reported for the corresponding quarter of the previous year mainly due to the impact of exceptional items. Net of the impact of exceptional items, EPS (basic and diluted) for the current quarter is Rs. 0.74 as compared to Rs 0.58 for the corresponding quarter of the previous year.

6. 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.

7. The Company had no investor complaints pending resolution as on April 01, 2011. Seven investors' complaints were received during the three months ended June 30, 2011 and were resolved during the period. There were no investor complaints pending resolution as on June 30, 2011.

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

9. The aforementioned results were reviewed by the Audit Committee of the Board on August 09, 2011 and subsequently taken on record by the Board of Directors at its Meeting held on August 10, 2011. The statutory auditors of the company have audited these results.

R K Krishna Kumar

Mumbai, August 10, 2011 (Vice Chairman)

for the three months ended June 30, 2011

Rs. in Lakhs

Notes:

1. During the quarter, one of the Holding Company's overseas subsidiary increased its stake in The Rising Beverage LLC to 43.1%, calculated on a fully diluted basis. The Rising Beverages Company LLC is the owner of ActivateTM a performance beverage in the USA. The subsidiary has an option to further increase its stake in this Company.

2. Total operating income for the quarter at Rs 1467 crores increased by 6% as compared to the corresponding period of the previous year, reflecting the impact of price increases in some markets coupled with a favourable translation impact.

3. The Company continues to focus on building new capabilities and invest behind new products and brands. Profit after interest but before exceptional items for the quarter at Rs 99 crores was lower compared to the corresponding period of the previous year mainly due to higher commodity costs, higher expenditure on growth initiatives partly offset by lower interest costs. Profit before tax at Rs 188 crores is higher as compared to a corresponding period of the previous year mainly due to the impact of exceptional items.

4. Exceptional items for the quarter represents profit arising out of sale of non-core investments aggregating to Rs 137 crores offset by estimated loss on discard of assets Rs 4 crores, provision for future payment under contractual obligation of Rs 20 crores, redundancy costs incurred in relation to business restructure Rs 14 crores, provision for settlement of claims Rs 6 crores and other business restructure/reorganisation costs of Rs 4 crores. In the corresponding period of the previous year exceptional items consisted translation loss on foreign currency hedges in overseas subsidiaries of Rs 5 crores, redundancy costs in relation to business restructure of Rs 5 crores and expenses relating to restructuring of business Rs 4 crores.

5. Earnings per share (EPS) (basic and diluted) for the quarter of Rs. 2.60 is higher than Rs 0.74 reported for the corresponding period of the previous year mainly due to the impact of exceptional items. Net of the impact of exceptional items, EPS (basic and diluted) for the quarter at Rs. 0.84 is at the same level as compared corresponding period of the previous year.

6. 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 period 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 Operating Income, Net Profit after Tax and Earnings per share of the Holding Company's standalone financial results are given below:

7. Figures for the corresponding period of the previous year have been regrouped / rearranged, to the extent necessary, to conform to current period figures.

8. The aforementioned results were reviewed by the Audit Committee of the Board on August 9, 2011 and subsequently taken on record by the Board of Directors at its Meeting held on August 10, 2011 The statutory auditors of the company have conducted a limited review of these results.

Mumbai, August 10, 2011 R K Krishna Kumar

(Vice Chairman)

Unaudited Consolidated Segment wise Revenue, Results and Capital Employed, underClause 41, of the Listing Agreement for the three months ended June 30, 2011

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 : Growing of coffee, pepper and other plantation crops and conversion of coffee into value added products such as roast and ground coffee & instant coffee.

Others : Sale of Natural Mineral Water , other minor crops and 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 include expenses incurred on common services at the corporate level, interest and exceptional expenditure. Unallocable income includes income from investments & exceptional income.c.Previous period figures have been regrouped/rearranged ,to the extent necessary ,to confirm to current period.

Mumbai, August 10, 2011 R K Krishna Kumar

(Vice Chairman)

* Not annualised for the quarter