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Tata Consumer Products Results: Latest Quarterly Results & Analysis

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Tata Consumer Products Ltd. 23 Jul 2025 17:28 PM
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Q1FY26 Quarterly Result Announced for Tata Consumer Products Ltd.

Tea & Coffee company Tata Consumer Products announced Q1FY26 results

  • Revenue from Operations for the quarter at Rs 4,779 crore, up 10%.
  • India business recorded double digit growth; enabled by strong growth in both core categories of tea and salt, supported by underlying volume gains.
  • Tata Sampann continued its strong momentum, but the RTD business volume growth was impacted by unseasonal rains.
  • The international business continued its momentum with a 5% constantcurrency revenue growth.
  • Consolidated EBITDA for the quarter at Rs 615 crore, declined 8% due to higher tea costs in India and coffee price corrections in the non branded business.
  • Group Net Profit for the quarter at Rs 332 crore, up 15%.

Sunil D’Souza, Managing Director & CEO of Tata Consumer Products said: “We delivered a steady topline growth of 10% in Q1FY26, with double-digit net profit growth.

During the quarter, we recorded double-digit growth in the core India business across both tea and salt backed by volume growth. Tata Sampann continued its strong trajectory, with new launches & innovations performing well. However, unfavourable weather impacted volume growth in the RTD business. While transitory issues impacted growth in Capital Foods and Organic India, our focus now turns to delivering on our aspirations in these businesses through ramping up advertising, innovation and distribution expansion.

We delivered yet another quarter of strong performance in the International Business; with margin being accretive to the India business margins.

In India, we continued to strengthen omni channel capabilities including food services and pharmacy, with channels of the future (e-commerce and modern trade), demonstrating robust growth.

Tata Starbucks continued to expand its store footprint across metros and smaller cities across India with a total store count of 485 stores across 80 cities.”

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Tea & Coffee company Tata Consumer Products announced Q4FY25 & FY25 results

  • Revenue from Operations for the quarter at Rs 4,608 crore, up 17% YoY (12% organic). For the year at Rs 17,618 crore, up 16% YoY (9% organic).
  • Consolidated EBITDA for the quarter at Rs 625 crore, down 1%, For the year at Rs 2,502 crore, up 8%.
  • Group Net Profit for the quarter at Rs 349 crore, up 64%, For the year at Rs 1,287 crore, up 6%.
  • Underlying Volume Growth (UVG) for India Branded Business (excluding acquisitions) was 5.9% for the quarter and 4.5% for the year.
  • India Beverages recorded a strong growth of 17% ( 9% organic) for the quarter; bringing FY25 growth to 10% ( 3% organic).
  • India Foods had another strong quarter with 27% growth ( 17% organic); bringing FY25 growth to 29% ( 13% organic).
  • International business continued its momentum with 5% (2% in constant currency) growth during the quarter, delivering a strong growth of 7% (5% in constant currency) during FY25.
  • ‘Growth businesses’ crossed Rs 3,200 crore of revenue for the year, accounting for 28% of India business.

Sunil D’Souza, Managing Director & CEO, Tata Consumer Products, said: "We ended the year with a strong quarter, accelerating the momentum further. We delivered a topline growth of 17% during the quarter, bringing FY25 growth to 16%. The growth was broad based across India and the International business in line with the earlier trend.

During the year, we recorded growth in our core businesses of India tea and salt in addition to driving strong growth in Tata Sampann and Tata Soulfull. While the RTD business was impacted in the earlier part of the year, we have seen a strong rebound as we exit the year. Our recent acquisitions- Capital Foods and Organic India performed well, and we are accelerating growth momentum through innovation and expansion into new channels of Food Services and Pharma.

We delivered strong performance in the International Business with all our geographies demonstrating growth. Importantly, we delivered strong margin expansion, in line with our guidance.

In India, we continued to strengthen our Sales & Distribution infrastructure and completed rollout of a next gen Go-to-Market platform. Channels of the future i.e. Ecommerce and Modern trade continue to fuel growth momentum.

We maintained momentum in our innovation agenda, with several product launches across categories, focusing on Health & Wellness, Convenience and Premiumization. We launched 41 new products during the year and our innovation to sales ratio was 5.2%.

Overall, despite a tough operating environment, we delivered strong growth across businesses, and we will continue to drive consistent profitable growth as we move forward".

Result PDF

Tea & Coffee company Tata Consumer Products announced Q3FY25 results

  • Revenue from Operations for the quarter at Rs 4,444 crore, up 17% (9% organic).
  • Consolidated EBITDA for the quarter at Rs 578 crore, flat YoY, impacted by significant inflation in India tea costs.
  • Group Net Profit for the quarter at Rs 282 crore, down 6% impacted by interest costs and higher amortization.

Other Highlights:

  • The India business delivered a robust performance during Q3FY25 with a 23% growth YoY ( 10% organic).
  • India packaged beverages grew 10%, with volumes growing 7%.
  • Strengthened salt market share by 110 bps (MAT).
  • Profitability for the International business improved significantly, 35% YoY.

Sunil D’Souza, Managing Director & CEO of Tata Consumer Products, said: “We delivered a topline growth of 17% in Q3FY25, growth was broad based with strong performance in India Beverages and Foods.

During the quarter, we recorded robust double digit growth in the India tea business, backed by strong volume growth. There has been continued momentum & market share gain in the India salt business and strong growth in Tata Sampann. Our recent acquisitions- Capital Foods and Organic India performed well and we are expanding these businesses in the Food Service and pharma channels respectively. We delivered yet another quarter of strong performance in the International Business, strengthening our No.2 position in branded tea in the UK.

In India, we continued to strengthen our Sales & Distribution infrastructure with the scale-up of split routes for our salesforce, resulting in significant improvement in range selling. Channels of the future i.e. e-commerce and Moden trade continue to fuel growth momentum.

Tata Starbucks recorded improved sequential performance and continued to expand its stores across India with a total store count of 473 stores across 74 cities.”

Result PDF

Tea & Coffee company Tata Consumer Products announced H1FY25 & Q2FY25 results

Q2FY25 Financial Highlights:

  • Consolidated revenue grew 13% (12% in constant currency terms) to Rs 4,214 crore.
  • India business grew 15%. Organically (net of acquisitions), growth was 2%.
  • Constant currency (CC) growth in the international business was 5%.
  • The non-branded business grew 19% in CC terms

H1FY25 Financial Highlights

  • Consolidated EBITDA at Rs 629 crore. ( 11% YoY) with EBITDA margin at 14.9%.
  • The India business EBITDA declined 4% YoY with margin contracting 250 bps. Organically, EBITDA declined 23% with margin contracting 380 bps led by tea cost inflation.
  • International business EBTIDA grew 40% (CC) YoY. EBITDA margin was 420 bps higher led by price increases and lower input costs.
  • EBITDA for the non-branded business grew 70% (CC) with a margin expansion of 810 bps owing to better realizations.

Performance Highlights:

  • Consolidated revenue growth was 13% in Q2FY25 (5% organic). During the quarter,
    • India Beverages grew 3% (-4% organic), with tea volumes declining 4% YoY.
    • India Foods revenue grew 28% ( 9% organic). Volume growth was 1%.
    • International business recorded 7% revenue growth (5% in constant currency). Profitability improved significantly, 53% YoY.
  • Growth businesses grew 15% organically. The RTD business was impacted by unfavourable weather and competitive actions.
  • The newly acquired growth businesses of Capital Foods and Organic India continue to deliver improving quarterly run-rates with strong EBITDA expansion YoY. Capital Foods revenue grew 25% QoQ and Organic India revenue grew 45% QoQ.
  • Consolidated EBITDA grew 11% with margin contracting 30bps to 14.9%. This was primarily led by higher input costs for the India tea business.
  • Salt market share strengthened further, with 150bps gain on a MAT basis; India tea business saw a marginal value share loss of 20bps.
  • The incubation of the food services channel and pharma channel continues as planned with the pilots having started in September.
  • The merger of our wholly-owned subsidiaries in India viz. NourishCo, Tata Soulfull, and Tata Smart Foodz was successfully completed during the quarter in line with our ambition to simplify, synergise and scale the business.
  • Tata Starbucks is now the largest cafe operator in India with 457 stores across 70 cities.

Result PDF

Tea & Coffee company Tata Consumer Products announced Q1FY25 results:

  • Revenue from Operations for the quarter at Rs 4,352 crore, up 16%.
  • Consolidated EBITDA for the quarter at Rs 671 crore, up 23%.
  • Profit before exceptional items for the quarter at Rs 465 crore, down 6%.

Sunil D’Souza, Managing Director & CEO of Tata Consumer Products said “We delivered good topline growth of 16% in Q1FY25 ( 10% organic growth), with an EBITDA growth of 23%.

During the quarter, we recorded strong growth in the India salt business, our India tea business was impacted by an intense summer. Our growth businesses (Tata Sampann, RTD, Tata Soulfull, Tata SmartFoodz, Capital Foods, Organic India) recorded 66% growth (20% organic growth). Tata Starbucks sustained momentum in its expansion agenda with its store count now at 438 stores spanning a total of 65 cities.

We also delivered strong performance in our International markets, along with significant margin expansion, led by structural interventions and pricing actions.

In India, we continue to strengthen our Sales & Distribution infrastructure and have implemented split routes as announced earlier, this is expected to add about 35% additional feet on street. Channels of the future (modern trade and e-commerce) continue to be strong contributors to our growth algorithm. In addition, we are piloting our go-to-market in the pharma channel (for our health & wellness portfolio) and in the food service channel.

We have completed the end-to-end integration of our recent acquisition -Capital Foods and are on track to complete the integration of Organic India. Identified synergy benefits have started accruing in both businesses.

Going forward, we will continue to execute against our strategic priorities and deliver consistent and profitable growth.”

Result PDF

Tea & Coffee manufacturing company Tata Consumer Products announced consolidated Q4FY24 & FY24 results: 

Q4FY24 Financial Highlights:

  • Revenue Growth: The quarter saw revenue from operations at Rs 3,927 crore, marking a 9% increase.
  • EBITDA Performance: EBITDA for the quarter was at Rs 631 crore, a 22% increase.
  • Profit Before Exceptional Items: The quarterly profit before exceptional items was Rs 509 crore, up by 12%.
  • Group Net Profit: Profits before exceptional items for the group at Rs 427 crore in the quarter, had a notable 46% rise due to strong operational performance and one-time tax credits.

FY24 Financial Highlights:

  • Revenue Growth: The annual revenue stood at Rs 15,206 crore, registering a 10% growth.
  • EBITDA Performance: The year's EBITDA was at Rs 2,323 crore, up 24%.
  • Profit Before Exceptional Items: The annual profit before exceptional items figure reached Rs 2,023 crore, showing a 24% increase.

Business Updates:

India:

  • Packaged Beverages: Revenue growth of 2% was delivered in this sector for the quarter.
  • Market Leadership: The company continued to hold the lead in the E-commerce tea market.
  • Coffee Segment: A significant 45% growth in revenue was recorded for the quarter.
  • Premium Segments: The premium and sub-premium segments accounted for over two-thirds of India Tea revenue, showing strong results.

International:

  • The international business observed a 7% revenue growth ( 5% in constant currency) during the quarter.
  • Tata Starbucks Store Expansion: There was a net increase of 29 new stores in the quarter, entering six new cities. The total reached 421 stores across 61 cities.

Commenting on the results, Sunil D'Souza, Managing Director & CEO of Tata Consumer Products said, “We delivered good topline growth of 10% in FY24, but importantly an EBITDA growth of 24% and significant expansion in EBITDA margin.

During the year, we recorded growth in India tea and salt businesses. Our premiumization agenda continues to progress well with the premium portfolio in both tea and salt showing good growth and contributing to an increasing share of the overall portfolio. Our growth businesses (Tata Sampann, RTD, Tata Soulfull, Tata SmartFoodz) continued their strong growth trajectory with a revenue growth of 40% in FY 24. Tata Starbucks made consistent progress in its expansion agenda with a store footprint spanning 61 cities.

We also delivered strong performance in our International markets, along with significant margin improvement. The UK business saw its EBITDA margin touch historic highs led by restructuring initiatives taken during the year.

In India, we solidified our Sales & Distribution infrastructure; our total reach has expanded to 4 million outlets as of March ’24. We implemented split routes in all 1 million population towns and have seen significant improvement in assortment and growth. We are strengthening our Rurban focus and are deepening reach into rural areas. Alternate channels (modern trade and e-commerce) recorded significant momentum and continue to be strong growth drivers.

We significantly accelerated innovation momentum to cater to key consumer trends such as Health & Wellness, Premiumisation and Convenience. On an average, in FY24, we launched a new product almost every seven days.

There has been a step change in our Digital Transformation agenda with the launch of a best-in-class commodity procurement platform as well as a Go-to-market platform leveraging AI. This will enable greater agility; better decision making and help drive business growth.

Our recently announced acquisitions- Capital Foods and Organic India will be significant value creators for the company, enabling expansion into high growth, high margin categories. The front end and back-end integration for Capital Foods was completed within 60 days of transaction close. The transaction for Organic India closed on 16th April and we will focus on fast tracking integration of the business to unlock value.”

Result PDF

Packaged Foods company Tata Consumer Products announced Q3FY24 & 9MFY24 results:

Financial Performance Summary

  • Revenue from Operations: Reported at Rs 3,804 crore for the quarter, marking an increase of 9%. The consolidated revenue for the nine-month period stood at Rs 11,279 crore, reflecting an 11% increase.
  • EBITDA: The consolidated EBITDA for the quarter reached Rs 576 crore, growing by 26%, and for the nine-month period, it amounted to Rs 1,692 crore, achieving a 25% growth.
  • Profit Before Exceptional Items: For the quarter, profit before exceptional items was reported at Rs 513 crore, a 27% increase, while for the nine-month period, it was Rs 1,513 crore, up by 29%.
  • Group Net Profit Before Exceptionals: It stood at Rs 372 crore, registering a 31% increase, driven by a strong operating performance.

India Business Highlights

  • Market Leadership: Retained market leadership in the E-commerce tea segment.
  • India Packaged Beverages: Quarter revenue growth was at 4%.
  • Coffee Performance: Notable revenue growth of 32% for the quarter.
  • Distribution Expansion: Reached 3.9 million outlets as of December '23.
  • Alternate Channels Performance: Modern Trade and E-commerce channels continued to support growth, with E-commerce accounting for 10.7% of the India business.

International Business Highlights

  • Revenue Growth: International business revenue saw an 11% increase (6% in constant currency).

New Product Launches and Business Updates

  • Sonnets by Tata Coffee: Launched new Easy Pour coffee packs and premium spices and honey.
  • Tata Tea Premium: Strengthened its quality proposition with the 'No Compromise' TVC campaign.
  • Tata Salt: Continued premiumization with a 23% revenue growth in its value-added portfolio and launched a new campaign highlighting the superiority of Tata Salt.
  • Tata Sampann: Extended its Dry Fruits range and introduced A1 grade cooking soda.
  • NourishCo: Recorded robust revenue growth with Himalayan, Tata Gluco , and Tata Copper contributing significantly.

Tata Starbucks Expansion

  • New Stores: Added 22 net new stores, extending the footprint to 392 stores across 55 cities.
  • International Coffee Week: Hosted virtual and in-store customer interactions.

Mergers and Acquisitions

  • Merger with Tata Coffee: The merger became effective from January 1, 2024.
  • Acquisition of Capital Foods and Organic India: Will help expand the addressable market into high-growth and high-margin categories.

Sunil D’Souza, Managing Director & CEO of Tata Consumer Products said, “We delivered strong operating performance with revenue growth of 9% and EBITDA growth of 26%.

Our India tea business continued to benefit from our earlier interventions, yielding positive results resulting in a fourth consecutive quarter of volume-led growth. We continued to see volume-led growth in salt and recorded the highest ever quarterly volume market share in salt. In both tea and salt, we saw premiumization at play with the premium portfolio in tea and the value-added salt portfolio recording good growth. Our growth businesses (Tata Sampann, Tata Soulfull, NourishCo, and Tata SmartFoodz) continued their strong momentum and have steadily increased their contribution. Tata Starbucks made consistent progress in its expansion agenda expanding its footprint to 55 cities.

Our Sales & Distribution buildout is progressing well, our total reach has expanded to 3.9 million outlets as of December ’23. We have been focused on driving depth in existing geographies and widening our distribution in lower population strata towns and rurban areas and will now focus on rural areas as well. Alternate channels (modern trade & e-commerce) recorded good momentum and continue to be instrumental to our growth agenda.

We recently announced two acquisitions- Capital Foods and Organic India, which will enable us to expand our total addressable market into high-growth, high-margin spaces. Both these businesses are gross margin accretive, and we see potential to drive significant revenue and cost synergies over the medium term. We closed the Capital Foods transaction on 1st February and in line with our focus on execution, the first primary as well as secondary billing was done on 2nd February. Additionally, the front-end sales integration has been substantially completed already, with rest of the integration to be completed within the next 100 days.”

Result PDF

Packaged Foods company Tata Consumer Products announced Q2FY24 & H1FY24 results:

  • Revenue from Operations for Q2FY24 at Rs 3,734 crore up 11%.
  • For H1FY24, Revenue at Rs 7,475 crore up 12%
  • Consolidated EBITDA for Q2FY24 at Rs 569 crore, grew 30% and
  • For H1FY24 EBITDA at Rs 1,116 crore grew 24%
  • Group Net Profit before exceptional items for Q2FY24 at Rs 375 crore higher by 24%
  • Group Net Profit before exceptional items for H1FY24 at Rs 716 crore up 20%

Sunil D’Souza, Managing Director & CEO of Tata Consumer Products said, “We delivered yet another strong quarter with a revenue growth of 11% along with an EBITDA growth of 30%. During the quarter, our India tea business continued to benefit from our earlier interventions, resulting in a third consecutive quarter of volume-led growth. In our salt business, we have seen consistent revenue growth and premiumisation at play. We continued our strong momentum on innovation with several new product launches across categories, further expanding our total addressable market. Our growth businesses (Tata Sampann, Tata Soulfull and NourishCo and Tata Smartfoodz) continued their strong momentum and have increased their contribution significantly in line with our portfolio transformation ambition. Tata Starbucks also delivered strong overall performance while continuing its expansion agenda.

During the quarter, our India tea business continued to benefit from our earlier interventions, resulting in a third consecutive quarter of volume-led growth. In our salt business, we have seen consistent revenue growth and premiumisation at play. We continued our strong momentum on innovation with several new product launches across categories, further expanding our total addressable market. Our growth businesses (Tata Sampann, Tata Soulfull and NourishCo, and Tata Smartfoodz) continued their strong momentum and have increased their contribution significantly in line with our portfolio transformation ambition. Tata Starbucks also delivered strong overall performance while continuing its expansion agenda.

Our transformation journey to becoming a premier FMCG company is on track. Going forward, we will continue to focus on driving profitable growth along with building future-ready capabilities. In tandem, we are progressing our Sustainability roadmap with our recently announced sustainability targets for FY26 which are in line with our long-term sustainability commitments.”

 

Result PDF

Packaged foods company Tata Consumer Products announced Q1FY24 results:

  • Revenue from operations for Q1FY24 at Rs 3,471 crore higher by 12% YoY
  • Consolidated EBITDA for Q1FY24 at Rs 547 crore grew by 19% YoY
  • Profit before exceptional items and tax at Rs 495 crore is higher by 23% YoY
  • Group net profit for Q1FY24 at Rs 338 crore grew by 22% YoY

Sunil D’Souza, Managing Director & CEO of Tata Consumer Products, said, “We delivered strong topline growth of 12% along with earnings growth of 23% this quarter. Additionally, we were able to expand the EBITDA margin despite continuing investments in new businesses.

During Q1FY24 we saw positive results from the interventions put in place for the branded tea business, which grew volumes for the second consecutive quarter. Despite the pricing actions taken earlier to manage inflation, we continue to maintain volume growth momentum in Salt. We continued to accelerate innovation across categories with several new launches to expand our total addressable market. Our growth businesses (Tata Sampann, Tata Soulfull, and Nourish Co) continued their strong growth trajectory, they grew by 58% this quarter and accounted for 20% of the India-branded business. Tata Starbucks continued to deliver a strong performance along with store expansion.

Our innovation agenda fired on all cylinders with Innovation-to-Sales reaching 5% during Q1FY24. In our sales & distribution expansion, we are on track to achieving a total reach of 4 million outlets by September 2023 and we will continue to expand direct distribution in smaller towns. We continue to record strong growth momentum in alternative channels- modern trade and e-commerce.

Going forward, we will stay focused on driving profitable growth while making consistent progress in our transformation journey towards becoming a leading FMCG company.”

 

 

Result PDF

Packaged Foods company Tata Consumer Products announced FY23 & Q4FY23 results:

  • Consolidated FY23:
    • Revenue at Rs 13,783 crore, up 11%
    • EBITDA at Rs 1,874 crore, up 7%
    • Net profit at Rs 1,320 crore grew by 30%
  • Consolidated Q4FY23:
    • Revenue from operations for Q4FY23 at Rs 3,619 crore, up 14%
    • EBITDA for Q4FY23 at Rs 518 crore grew by 13%
    • Net profit for Q4FY23 at Rs 290 crore grew by 21%

Sunil D’Souza, Managing Director & CEO of Tata Consumer Products, said “We delivered strong topline growth of 11% while balancing margins in an extremely volatile macro environment this fiscal. Importantly, we delivered a strong earnings growth of 28%.

During the quarter, we saw early signs of green shoots in our branded tea business, with the interventions we put in place starting to yield positive results. In our other core business of salt, we continued to execute strongly and have gained market share despite pricing actions taken to mitigate inflation. Our innovation across categories has picked up pace significantly with the number of new product launches in FY23 being almost 2X of FY22. Our growth businesses (Tata Sampann, Tata Soulfull, and NourishCo) continued their strong growth trajectory and have increased their salience significantly over the past couple of years, accounting for 15% of India business this fiscal. Tata Starbucks recorded a strong performance, hitting a 4-digit topline along with achieving its highest-ever number of annual store additions.

We reached new milestones in our Sales & Distribution expansion and are on track to achieving a total reach of 4 million outlets by this year as per our earlier guidance. We are embedding digital transformation across the business and will be using this to drive decision-making in areas such as new product development, procurement, and revenue growth management.

Our transformation journey to becoming a leading FMCG company is on track and we will continue to stay focused on driving profitable growth along with building futureready capabilities.”

 

 

Result PDF

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