Tata Tea Ltd announced its results for quarter ended June,2008 this afternoon. The Company’s Consolidated world wide Income from Operations for the quarter was Rs 1134.69 crores, an improvement by 12% over the preceding year’s turnover driven by strong brand performance across all key markets. Whilst the Profit before Tax at Rs 129.43 crores increased by 108%, Group Consolidated Profit after Tax at Rs 85.39 crores is 75% higher then the corresponding quarter of the previous year. A company spokesman said that profits have been impacted by increases in commodity prices and other input costs and higher level of advertisement expenditure during the quarter.

The stand alone Tata Tea results reported Income from Operations of Rs 314.97 crores, an improvement of approx 12% over the corresponding quarter of the previous year. Domestic improvement has been driven by strong branded tea performance. Profit before Tax and exceptionals at Rs 56.75 crores have improved by 3% despite hardening of commodity prices and inflation led increases in other input costs compared to the corresponding period of the previous year. However profit after tax at Rs 37.71 crores is lower than the previous year due to exceptional income in the previous year and higher effective tax rate in the current year.

Tata Tea had earned record profits for the year ended March 31,2008 and declared dividends of 350% – the highest ever in the Company’s history in May 2008.

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