date:May 26, 2016
ore reflects an increase of 32%.
As per a release, during the quarter, the company recognised profit from sale of non-core investments. It also recognised non-cash impairment loss mainly on goodwill relating to the branded businesses in Eastern Europe and branded tea business in the US. While the company is actively pursuing various growth opportunities, the accounting impairment has been recognised due to factors like macro-economic instability, decline in category growth rate and highe