Tata Chemicals on Thursday reported a 54.67 per cent decline in its consolidated net profit at Rs 194 crore during the second quarter ended September 2024. The company’s net profit stood at Rs 428 crore during the corresponding period of the previous fiscal, Tata Chemicals said in a regulatory filing.
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The profitability also suffered on account of inflationary prices of coffee and cocoa. The operating profit margin corrected by 100 bps to 23.4%. Raw material