Tata Consumer Products slides 6%; Find out what’s driving the losses

Shares of Tata Consumer Products slumped 6% to an intra-day low after the company reported a 19% drop in its net profit at Rs 217 crore in Q4 FY24 against Rs 269 crore in Q4 FY23. The FMCG major’s revenue from operations came in at Rs 3,927 crore, up 8% year-over-year, compared to Rs 3,618 crore it reported a year ago in the same quarter.

Its consolidated EBITDA stood at Rs 631 cr…

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