First cut | Tata Global Beverages Q3: Pricing pressure, lower contribution from associates hurt earnings

The consolidated net profit for Q3 was lower mainly due to a deferred tax credit of Rs 53 crore recognised in Q3 FY18.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/first-cut-|-tata-global-beverages-q3-pricing-pressure-lower-contributionassociates-hurt-earnings_12065201.html