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Tata Consumer Products Limited has reported a 19% decline in its net profit for the fourth quarter of the fiscal year.

The company's net profit stood at Rs 217 crore in the quarter ended March 31, compared to Rs 269 crore in the corresponding period last year. However, revenue increased by 8.5% to Rs 3,927 crore in the three months ended March 31, driven by growth in its beverages and foods segments.

Tata Consumer also announced a dividend of Rs 7.75 per share, which is subject to the approval of the company's shareholders. The dividend payout will be made to shareholders whose names appear on the company's register as of the record date.

The decline in net profit was attributed to higher expenses, including raw material costs and marketing expenses. Despite this, the company remains optimistic about its future prospects, driven by its strategic initiatives and growth plans.

Tata Consumer's performance is closely watched by investors, as it is one of the leading consumer goods companies in India. The company's stock price has been volatile in recent times, and the latest earnings announcement is expected to have an impact on the stock market.

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