McLeod Russel narrows loss in Q1

World’s biggest tea planter McLeod Russel has reported lower net loss in the first (April-June) quarter ₹23.22 crore against a net loss of ₹32 crore in the corresponding period last year. “Outlook for the second quarter, however, appears better. International business is also looking up as tea prices showed improvement,” said KK Baheti, Whole Time Director & CFO. Our Bureau