RNS Number : 7454L
Tata Consumer Products Limited
17 May 2022
 

Tata Consumer Products Limited

Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020

CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com

Consolidated Financial Results for the quarter and year ended March 31, 2022

  Rs. in Crores

Particulars

Three months ended

Year ended

March 31, 2022

December 31, 2021

March 31, 2021

March 31, 2022

March 31, 2021

Refer Note 6

Unaudited

Refer Note 6

Audited

Audited

 i) Items that will not be reclassified to profit or loss (Net of Tax)

 



 


 Reserves excluding Revaluation Reserve

 



15027.92

14420.49

Diluted - Rs

2.36

2.88

0.58

10.15

9.30

 

Notes:

1.   For the quarter, Revenue from operations increased by 5% (4% in constant currency) as compared to corresponding quarter of the previous year, mainly driven by growth in the India branded business. Profit before exceptional items and tax at Rs 403 Crores is higher by 54%. Group Consolidated Net Profit at Rs 239 Crores is higher by 222% mainly aided by growth in underlying profitability and lower exceptional costs.

 

2.   a) The Board of Directors of the Holding Company in its meeting held on March 29, 2022, have approved the composite scheme of arrangement (the scheme), amongst the Holding Company and its subsidiaries, Tata Coffee Limited (TCL) and TCPL Beverages & Foods Limited (TBFL), in terms of Section 230-232 and other applicable provisions of Companies Act, 2013.

 

The Scheme inter alia provides for the demerger of the Plantation Business (as defined in the Scheme) of TCL into TBFL and as consideration, issue equity shares of the Holding Company to all the shareholders of TCL (other than to itself) in accordance with the Share Entitlement Ratio mentioned in the Scheme. This would be followed immediately by the amalgamation of the TCL comprising of the Remaining Business (as defined in the Scheme) with the Holding Company and as consideration, issue equity shares of the Holding Company to all the shareholders of TCL (other than to itself) in accordance with the Share Exchange Ratio mentioned in the Scheme.

 

The Scheme would become effective after receipt of all requisite approvals as mentioned in the Scheme. Pending receipt of necessary approvals, no effect of the Scheme has been given in the financial results for the quarter and year ended March 31, 2022.

 

b) The Board of Directors of the Holding Company in its meeting held on March 29, 2022 have also approved acquisition of additional 10.15% stake in Tata Consumer Products UK Group Limited, an overseas subsidiary, through an issue of equity shares of the Holding Company on a preferential basis, as consideration for the acquisition. Post completion of this acquisition after requisite approvals, Tata Consumer Products UK Group Limited will become a wholly owned subsidiary of the Holding Company.

 

3.   Exceptional item for the current quarter mainly represent costs relating to the business restructure and reorganisation of Rs 15 Crores and cost relating to the proposed scheme of arrangement of Rs 4 Crores. Exceptional items for the corresponding quarter of the previous year represent costs relating to the business restructure and reorganisation of Rs 18 Crores and loss on disposal of an overseas subsidiary/Joint Venture of Rs 46 Crores.

 

4.   Share of profits/(loss) in Associates and Joint Ventures include the profits/(loss) of an Associate operating in North India plantations, which are seasonal in nature.

 

5.   The Consolidated Statement of Assets and Liabilities as at March 31, 2022 and Consolidated Cash Flow Statement for the year ended March 31, 2022 is annexed.

 

6.   Figures of the quarter ended March 31, 2022 and March 31, 2021 are the balancing figures between audited figures in respect of the full financial year and year to date figures up to the third quarter of the relevant financial year.

 

7.   The Board of Directors has recommended a dividend payment of Rs 6.05 per share (Face value Re. 1 each) for the year ended March 31, 2022.

 

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

 

9.   The aforementioned results were reviewed by the Audit Committee of the Board on May 03, 2022 and subsequently taken on record by the Board of Directors at its Meeting held on May 04, 2022. The Statutory Auditors of the Company have audited the annual results.

 

10.  The Consolidated and Standalone result for the quarter and year ended March 31, 2022 are available on the BSE website (URL: www.bseindia.com), the National Stock Exchange website (URL: www.nseindia.com) and on the Company's website (URL: www.tataconsumer.com).

 

Sd/-

Sunil D'Souza

                                                                                                                                                                        Managing Director and CEO

Mumbai: May 4, 2022



Tata Consumer Products Limited

Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020

CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com

Consolidated Segment wise Revenue, Results, Assets and Liabilities for the year ended March 31, 2022

  Rs. in Crores

Particulars

  Three months ended

  Year ended

March 31, 2022

December 31, 2021

March 31, 2021

March 31, 2022

 March 31, 2021

Refer Note 6

Unaudited

Refer Note 6

Audited

Audited

 Segment Revenue

 

 

 



 Branded Business

 

 

 



       India Business

1953.66

2010.04

1841.82

7913.54

7003.24

       International Business

890.19

896.62

879.91

3335.66

3508.43

 Total Branded Business

2843.85

2906.66

2721.73

11249.20

10511.67

 Non Branded Business

344.64

312.25

323.64

1214.44

1122.17

Total Segment Revenue

3188.49

3218.91

3045.37

12463.64

11633.84

Others

0.27

4.50

0.75

13.78

13.45

Less: Inter segment Sales

(13.35)

(15.03)

(8.90)

(52.05)

(45.26)

Revenue from Operations

3175.41

3208.38

3037.22

12425.37

11602.03

Segment Results

 



 


 Branded Business

 



 


       India Business

257.53

262.89

140.63

1011.67

875.53

       International Business

128.47

144.21

108.60

478.37

467.32

 Total Branded Business

386.00

407.10

249.23

1490.04

1342.85

 Non Branded Business

29.31

23.17

38.47

92.65

90.89

 Total Segment Results

415.31

430.27

287.70

1582.69

1433.74

 Add/Less

 



 


   Other Income

33.75

18.94

26.45

109.94

95.82

   Finance Cost

(16.41)

(16.16)

(15.45)

(72.78)

(68.69)

   Unallocable items

(29.45)

(32.31)

(36.86)

(111.80)

(119.16)

   Exceptional Items

(18.65)

(13.18)

(63.93)

(52.06)

(30.65)

 Profit Before Tax

384.55

387.56

197.91

1455.99

1311.06

Segment Assets

 



 


 Branded Business

 



 


       India Business

9099.75

9391.59

8754.30

9099.75

8754.30

       International Business

5384.58

5338.40

5206.59

5384.58

5206.59

 Total Branded Business

14484.33

14729.99

13960.89

14484.33

13960.89

 Non Branded Business

1752.27

1646.85

1577.24

1752.27

1577.24

 Total Segment Assets

16236.60

16376.84

15538.13

16236.60

15538.13

 Unallocable Corporate Assets

4880.99

4072.81

4717.74

4880.99

4717.74

 Total Assets

21117.59

20449.65

20255.87

21117.59

20255.87

 Segment Liabilities

 



 


 Branded Business

 



 


       International Business

785.88

716.98

756.98

785.88

756.98

 Total Branded Business

2541.91

2408.28

2359.87

2541.91

2359.87

 Non Branded Business

178.91

158.58

174.35

178.91

174.35

 Total Segment Liabilities

2720.82

2566.86

2534.22

2720.82

2534.22

 Unallocable Corporate Liabilities

2103.21

1809.38

2094.61

2103.21

2094.61

 Total Liabilities

4824.03

4376.24

4628.83

4824.03

4628.83

 

Notes:

a.   The Group has organised business into Branded Segment and Non Branded Segment. Branded Segment is further sub-categorised as India Business and International Business. 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 -

India Business : Sale of branded Tea, Coffee & Water and sale of food products in various value added forms

International Business : Sale of branded Tea, Coffee & Water and sale of food products in various value added forms

 

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 excludes allocable income to segment results.

 

d.     The Group has revised the composition of its reportable segments to align with the changes in the manner in which the Group's CODM allocates resource and reviews performance. The corresponding segment information for the earlier periods has been restated as per the requirements of Ind AS 108 - Operating Segments.



 

 

Tata Consumer Products Limited

Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020

CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com

Audited Consolidated Statement of Assets and Liabilities as at March 31, 2022

Rs in Crores

 

March 31, 2022

March 31, 2021

 ASSETS

 


Non-Current Assets

 


Property Plant and Equipment

1480.31

1222.67

Capital Work in Progress

209.44

93.17

Investment Property

17.31

33.17

Investment Property under Development

214.78

                    -  

Right of Use Assets

378.44

386.41

Goodwill

7754.11

7596.57

Other Intangible Assets

2754.40

2784.31

Intangible Assets under Development

37.53

19.68

Investments accounted for using Equity method

234.31

207.27

Financial Assets

 


Investments

364.94

275.46

Loans

14.01

21.87

Other Financial Assets

35.69

74.92

Deferred Tax Assets (Net)

42.72

38.05

Non-current Tax Assets (Net)

141.66

142.30

Other Non Current Assets

302.26

311.39


13981.91

13207.24


 


Current Assets

 

 

Inventories

2266.51

2249.16

Financial Assets

 

 

Investments

198.03

323.16

Trade Receivables

835.15

761.32

Cash and Cash Equivalent

1497.97

2041.99

Other Bank balances

1101.92

1032.89

Loans

659.94

185.12

Other Financial Assets

184.30

116.35

Current Tax Assets (net)

1.33

1.37

Other Current Assets

390.53

337.27


7135.68

7048.63

TOTAL ASSETS

21117.59

20255.87

EQUITY AND LIABILITIES

 


Equity

 


Equity Share Capital

92.16

92.16

Other Equity

15049.78

14442.35

Equity attributable to the equity holders of the company

15141.94

14534.51

Total Equity

16293.56

15627.04

Non-Current Liabilities

 

 

Financial Liabilities

 

 

Borrowings

241.87

287.54

Lease Liability

350.91

389.10

Other Financial Liabilities

93.14

80.24

Provisions

175.59

192.46

Deferred Tax Liabilities (Net)

776.41

570.16

Non Current Tax Liabilities

13.49

14.87

 

1651.41

1534.37

Current Liabilities

 

 

Financial Liabilities

 

 

Borrowings

768.72

919.10

Lease Liability

50.51

37.81

Trade Payables

1915.85

1625.47

Other Financial Liabilities

211.78

250.19

Other Current Liabilities

132.15

136.09

Provisions

73.21

101.71

Current Tax Liabilities (net)

20.40

24.09

 

3172.62

3094.46

TOTAL EQUITY AND LIABILITIES

21117.59

20255.87

 

Tata Consumer Products Limited

Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020

CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com

Audited Consolidated Statement of Cash Flows for the year ended March 31, 2022

Rs. In Crores

 Particulars

March 31, 2022

March 31, 2021

A.    Cash Flow from Operating Activities



 Net Profit before Tax

1455.99

1311.06

   Adjusted  for  :

 

 

 Depreciation and amortisation

278.01

254.74

 Finance Cost

72.78

68.69

 Dividend Income

(2.12)

(2.02)

 Profit on sale of current investments (net)

(8.94)

(13.00)

 Fair value movement in Financial instruments at fair value through profit and loss

(13.49)

(8.11)

 Interest Income

(85.39)

(72.70)

 Unrealised foreign exchange (gain) / loss

(0.51)

4.13

 Impairment loss recognised in trade receivables and advances (net of reversal)

1.23

21.49

 (Profit) / Loss on sale of Property, Plant & Equipment including investment property (net)

1.61

(11.75)

 Rental Income from Investment Property

(2.42)

(3.81)

Exceptional Items -



Gain on conversion of a Joint Venture into a Subsidiary

                       -  

(84.30)

Impairment of Asset

                       -  

46.45

Loss on disposal of a business

                       -  

4.25

Other Exceptional Items

52.06

64.25

 Operating Profit before working capital changes

1748.81

1579.37

 Adjustments for:

 


      Trade Receivables & Other Assets

(148.78)

186.14

      Inventories

(0.91)

(533.45)

Trade payables & Other Liabilities

151.96

530.74

Cash generated from /(used in) operations

1751.08

1762.80

 Net Cash from Operating Activities

1515.81

1656.37

B.   Cash Flow from Investing Activities



Payment for Property, Plant and Equipment including Intangibles

(273.34)

(210.68)

Sale of Property, Plant and Equipment

27.26

31.50

Rental Income from Investment Property

2.42

3.81

Sale of Non Current Investments carried at Fair value through OCI

1.20

0.02

Acquisition of Subsidiaries

(465.00)

(168.80)

Investments in Joint Ventures

(86.00)

(112.32)

Investments in Associate

(150.00)

                       -  

Purchase of additional stake in a Subsidiary

(46.45)

                       -  

Proceeds from disposal of Subsidiary / Joint Venture

                       -  

56.99

Deferred consideration pertaining to disposal of a Subsidiary

11.30

                       -  

Dividend Income received (including dividend from Associates & JVs)

12.84

5.10

Interest Income received

75.21

67.96

(Purchase) / Sale of Current Investments (net)

135.27

523.39

(Placement) / Redemption Fixed deposits (net)

(67.80)

(532.38)

Inter Corporate Loans and Deposits including FX (net)

(498.75)

(73.00)

 Net cash from /(used in) Investing Activities

(1321.84)

(408.41)

C.   Cash Flow from Financing Activities



      Proceeds from / (Repayment of) Long term borrowings (net)

(493.00)

(69.16)

      Proceeds from  / (Repayment of) short term borrowings (net)

(1.71)

11.82

      Payment of Lease Liabilities

(52.78)

(45.06)

      Dividend & Dividend Tax paid

(398.19)

(267.29)

      Finance Cost paid

(62.51)

(65.41)

     Refund of Dividend Distribution Tax paid in an earlier year

13.42

9.07

Net Cash from/(used in) Financing Activities

(994.77)

(426.03)

 Net increase/ (decrease)  in Cash and Cash Equivalents  (A+B+C)

(800.80)

821.93

Opening balance of Cash & Cash Equivalent

1773.18

889.34

Add: Cash and Cash equivalent of the acquired companies

0.90

44.08

Less: Cash and Cash equivalent on disposal of a subsidiary

                       -  

(22.80)

Exchange Gain/ (Loss) on translation of foreign currency cash/cash equivalents

3.83

40.63

 Closing Cash & Cash Equivalent

977.11

1773.18

 Reconciliation with Balance Sheet



      Cash  and  Cash  Equivalents

977.11

1773.18

      Add : Bank Overdraft

520.86

268.81

 Balance at the end of the year

1497.97

2041.99

 

Tata Consumer Products Limited

Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020

CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com

Standalone Financial Results for the quarter and year ended March 31, 2022

Rs. in Crores

Particulars

Three months ended

Year ended


March 31, 2022

December 31, 2021

March 31, 2021

March 31, 2022

March 31, 2021


Refer Note 5

Unaudited

Refer Note 5

Audited

Audited

Revenue from Operations

1948.42

2030.48

1850.06

7932.29

7154.36

Other Income

37.88

23.80

28.72

238.96

133.01

Total Income

1986.30

2054.28

1878.78

8171.25

7287.37

Cost of materials consumed

735.95

746.38

892.96

3195.72

3421.65

Purchase of stock-in-trade

441.18

440.47

363.65

1701.63

1425.63

Changes in inventories of finished goods, work-in-progress & stock-in-trade

(10.18)

57.64

22.65

46.40

(116.90)

Employees benefits expense

80.27

90.91

92.18

348.41

321.58

Finance costs

7.19

7.28

7.92

29.78

28.13

Depreciation and amortisation expense

35.05

35.73

33.37

141.75

126.21

Advertisement and sales charges

142.07

150.14

123.66

511.25

396.83

Total Expenses

1703.04

1792.85

1749.30

6992.93

6390.13

Profit before Exceptional Items and Tax

283.26

261.43

129.48

1178.32

897.24

272.63

252.02

115.05

1151.09

836.14

Tax Expense

 



 


      Current Tax

(28.70)

(28.31)

(1.10)

(130.09)

1.05

    Deferred Tax

(37.74)

(36.23)

(32.26)

(135.25)

(217.68)

Total Tax Expense (net of reversals)

(66.44)

(64.54)

(33.36)

(265.34)

(216.63)

 Net Profit after Tax (A)

206.19

187.48

81.69

885.75

619.51

Other Comprehensive Income

 



 


i) Items that will not be reclassified to profit or loss

 



 


     Remeasurement of defined benefit plans

31.46

2.62

10.67

30.15

(4.44)

     Changes in fair valuation of equity instruments

0.29

(0.18)

0.93

4.98

5.87


 31.75

 2.44

 11.60

 35.13

 1.43

Tax impact of above items

 (8.51)

 (0.69)

 (3.79)

 (9.06)

 0.01


 23.24

 1.75

 7.81

 26.07

 1.44

ii) Items that will be reclassified to profit or loss

 



 


Gains/(loss) on effective portion of cash flow hedges

 (2.54)

 (0.61)

 1.43

 (1.65)

 2.62

Tax impact of above item

 0.63

 0.16

 (0.36)

 0.41

 (0.66)


 (1.91)

 (0.45)

 1.07

 (1.24)

 1.96

Other Comprehensive Income (B)

 21.33

 1.30

 8.88

 24.83

 3.40

Total Comprehensive Income (A+B)

 227.52

 188.78

 90.57

 910.58

 622.91

Paid-up equity share capital (Face value of Re. 1 each)

              92.16

92.16

               92.16

92.16

92.16

Reserves excluding Revaluation Reserves

 



11647.89

11110.08

Earnings per Shares ( not annualised for the quarter)

 



 


 



Notes

1.     For the quarter, Revenue from operations at Rs 1948 Crores increased by 5% over corresponding quarter of the previous year driven by growth in branded business. Profit before tax at Rs 273 Crores is higher by 137% as compared to corresponding quarter of previous year mainly on account of revenue growth and improved gross margins which have been partly offset by higher spends behind brands. Profit after tax is also higher by 152% over the corresponding quarter of previous year.

 

2.     (a) The Board of Directors of the Company in its meeting held on March 29, 2022, have approved the composite scheme of arrangement (the scheme) , amongst the Company and its subsidiaries, Tata Coffee Limited (TCL) and TCPL Beverages & Foods Limited (TBFL), in terms of  Section 230-232 and other applicable provisions of Companies Act, 2013.

 

The Scheme inter alia provides for the demerger of the Plantation Business (as defined in the Scheme) of TCL into TBFL and as consideration, issue equity shares of the Company to all the shareholders of TCL (other than to itself) in accordance with the Share Entitlement Ratio mentioned in the Scheme. This would be followed immediately by the amalgamation of the TCL comprising of the Remaining Business (as defined in the Scheme) with the Company and as  consideration, issue  equity shares of the Company  to all the shareholders of TCL (other than to itself) in accordance with the Share Exchange Ratio mentioned in the Scheme.

 

The Scheme would become effective after receipt of all requisite approvals as mentioned in the Scheme. Pending receipt of necessary approvals, no effect of the Scheme has been given in the financial results for the quarter and year ended March 31, 2022.

 

b) The Board of Directors of the Company in its meeting held on March 29, 2022 have also approved acquisition of additional 10.15% stake in Tata Consumer Products UK Group Limited, an overseas subsidiary, through an issue of equity shares of the Company on a preferential basis, as consideration for the acquisition. Post completion of this acquisition after requisite approvals, Tata Consumer Products UK Group Limited will become a wholly owned subsidiary of the Company.

 

3.     Exceptional item for the current quarter represent costs relating to the business restructure and reorganization of Rs 8 crores and cost pertaining to the proposed Scheme of arrangement of Rs 3 Crores. Exceptional costs for the corresponding quarter of previous year of Rs 14 Crores represent costs relating to the business restructure and reorganization.

 

4.     In accordance with Ind AS 108 "Operating Segments", segment information has been given in the consolidated financial results, and therefore, no separate disclosure on segment information is given in these Standalone financial results.

 

5.     Figures of the quarter ended March 31, 2022 and March 31, 2021 are the balancing figures between audited figures in respect of the full financial year and year to date figures up to the third quarter of the relevant financial year.

 

6.     Statement of Assets and Liabilities as at March 31, 2022 and Cash flow Statement for the year ended March 31, 2022 is annexed.

 

7.     The Board of Directors has recommended a dividend payment of Rs 6.05 per share (Face value Re. 1 each) for the year ended March 31, 2022.

 

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

 

9.     The aforementioned results were reviewed by the Audit Committee of the Board on May 03, 2022 and subsequently taken on record by the Board of Directors at its meeting held on May 04, 2022. The Statutory Auditors of the Company have audited the annual results.                                                                                                                      


 

                Sunil D'Souza

Managing Director and CEO

Mumbai: May 4, 2022



 

Tata Consumer Products Limited

Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020

CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com

Audited Statement of Assets and Liabilities as at March 31, 2022

Rs. In Crores

 

 

March 31, 2022

March 31, 2021

ASSETS

 

 

Non-Current Assets

 

 

Property, Plant and Equipment

296.93

258.30

Capital work-in-progress

2.58

46.46

Right of Use Assets

210.97

224.64

Goodwill

3578.51

3578.51

Other Intangible Assets

2477.64

2509.90

Intangible Assets under development

37.18

16.44

Financial Assets

 


Investments

3368.76

2605.19

Loans

13.80

21.71

Other Financial Assets

104.44

103.59

Non-Current Tax Assets (Net)

121.97

122.61

Other Non-Current Assets

86.27

88.91


10299.05

9576.26

Inventories

1271.94

1408.37

Financial Assets

 


Investments

156.94

287.77

Trade Receivables

281.76

257.23

Cash and Cash Equivalents

327.40

644.74

Other Bank Balances

1001.21

968.95

Loans

559.70

3.79

Other Financial Assets

48.75

31.57

 Other Current Assets

279.46

253.08


3927.16

3855.50

TOTAL ASSETS

14226.21

13431.76

EQUITY AND LIABILITIES

 


Equity

 


Equity Share Capital

92.16

92.16

TOTAL EQUITY

11761.91

11224.10

Non-Current Liabilities

 


Financial Liabilities

 


       Lease Liability

205.19

215.30

      Other Financial Liability

76.91

76.20

Provisions

135.32

148.21

Deferred Tax Liabilities

511.22

367.55


928.64

807.26

Current Liabilities

 


Financial Liabilities

 


Borrowings

 


Lease Liability

29.71

28.94

Total outstanding dues of Micro enterprises and Small enterprises

29.64

13.96

Total outstanding dues of creditors other than Micro enterprises and Small enterprises

1234.10

1088.67

TOTAL EQUITY AND LIABILITIES

14226.21

13431.76

 



Tata Consumer Products Limited

Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020

CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com

Audited Statement of Cash Flows for the year ended March 31, 2022

Rs. In Crores

Particulars

March 31, 2022

March 31, 2021

A.        Cash  Flow  from  Operating  Activities



 Net Profit before Tax

1151.09

836.14

 Adjusted  for  :

 

 

Depreciation and Amortisation

141.75

126.21

Dividend Income

(145.97)

(55.20)

Unrealised Exchange (Gain) / Loss

(0.03)

0.27

Finance Cost

29.78

28.13

Fair value movement in Financial instruments at fair value through profit and loss

(13.49)

(8.11)

Interest Income

(71.95)

(57.96)

Profit on sale of Current Investments (net)

(7.39)

(11.57)

Impairment loss recognised in trade receivables (net of reversal)

-

20.46

(Profit) / Loss on sale of Property, Plant & Equipment (net)

3.27

0.49

Exceptional Items

27.23

61.10

    Operating Profit before working capital changes

1114.29

939.96

 Adjustments for:

 


    Trade Receivables & Other Assets

(60.59)

36.02

 Inventories

136.43

(488.42)

 Trade payables & Other Liabilities

111.29

586.19

 Cash generated from Operations

1301.42

1073.75

 Net  Cash  from/(used in)  Operating  Activities

1158.32

1064.23

B.   Cash  Flow  from  Investing  Activities

 

 

Payment for  Property, Plant and Equipment and Intangibles

(93.25)

(146.89)

Sale of Property, Plant and Equipment

4.40

0.17

Sale of Non Current Investments carried at Fair value through OCI

1.05

-

Investment in Associate

(150.00)


Acquisition of Subsidiaries

(465.00)

(168.80)

Investment in Joint Venture

(86.00)

(97.50)

Investments in Subsidiary

(45.13)

-

Dividend Income received

145.97

55.20

Interest Income received

64.35

54.17

(Purchase) / Sale of Current Investments (net)

138.22

448.31

(Placement) / Redemption Fixed deposits (net)

(30.92)

(473.71)

Inter Corporate Deposits and Loans (net)

(548.00)

(3.00)

 Net  cash from / (used in) Investing  Activities

(1064.31)

(332.05)

C.   Cash  Flow  from  Financing  Activities

 


Working Capital facilities (net)

-

(35.00)

Payment of Lease Liabilities

(31.21)

(27.81)

Dividend paid

(373.23)

(248.82)

Finance Cost paid

(20.33)

(19.05)

Refund of Dividend Distribution Tax paid in an earlier year

13.42

-

 Net Cash from / (used in) Financing  Activities

(411.35)

(330.68)

 Net increase / (decrease) in  Cash and Cash Equivalents  (A+B+C)

(317.34)

401.50

 Opening balance of Cash & Cash equivalent

644.74

243.24

Exchange Gain/ (Loss) on translation of foreign currency cash/cash equivalents

 

 

 Closing Cash & Cash Equivalent

327.40

644.74

 

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