Tata Global Beverages Ltd (TGBL) - who own brands such as the Tetley teas - announced their Q2 results on Tuesday, reporting a 48.19 per cent increase in its consolidated net profit at Rs 108.14 crore for the quarter ended on September 30, 2016. The company had posted a net profit of Rs 72.97 crore in July-September quarter a year ago, the company said in a BSE filing.
The company benefited from volume growth and lower commodity prices, it said. Its joint ventures Tata Starbucks and NourishCo also continue to show steady growth.