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Informist, Wednesday, Apr. 23, 2025

 

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--Tata Consumer Jan-Mar consol net profit INR 3.45 bln vs INR 2.17 bln
--Analysts saw Tata Consumer Jan-Mar consol net profit INR 3.11 bln
--Tata Consumer Jan-Mar consol revenue INR 46.08 bln vs INR 39.27 bln yr ago
--Tata Consumer to pay INR 8.25 per share dividend
--Tata Consumer FY25 consol PAT INR 12.78 bln vs INR 11.50 bln year ago
--Tata Consumer FY25 consol sales INR 176.18 bln vs INR 152.06 bln year ago
--Tata Consumer Jan-Mar India branded sales INR 29.37 bln vs INR 24.80 bln
--Tata Consumer Jan-Mar Intl branded sales INR 11.94 bln vs INR 10.52 bln
--Tata Consumer Jan-Mar consol EBITDA INR 6.25 bln, down 1% on year
--Tata Consumer Jan-Mar India branded ops underlying volume growth 5.9% YoY
--Tata Consumer FY25 India branded ops underlying volume growth 4.5% YoY 
--Tata Consumer Jan-Mar consol sales up 16% on year in constant currency 
--Tata Consumer FY25 consol sales up 15% on year in constant currency 
--Tata Consumer Jan-Mar consol EBITDA margin 13.6%, down 250 bps on year 
--Tata Consumer Jan-Mar consol EBITDA down YoY on higher input costs 
--Tata Consumer Jan-Mar packaged beverages revenue up 9%, volumes up 2% 
--Tata Consumer Jan-Mar India foods sales INR 14.64 bln, up 27% on year 
--Tata Consumer Jan-Mar India beverage sales INR 15.51 bln, up 17% on year 
--Tata Consumer Jan-Mar Intl ops revenue INR 11.04 bln, up 5% on year 
--Tata Consumer Jan-Mar Intl ops revenue up 2% in constant currency 
--Tata Consumer Jan-Mar non-branded ops sales INR 5.01 bln, up 25% on year 
--Tata Consumer Jan-Mar salt market share up 30 bps on year
 

 

By Narayana Krishna

 

HYDERABAD - Robust growth in branded sales in both international and Indian markets helped the Tata Group's flagship consumer goods company, Tata Consumer Products Ltd., to report better-than-expected earnings for the March quarter. The country's second-largest tea retailer reported a consolidated net profit of INR 3.45 billion for Jan-Mar, up 59.2% on year. Its revenue for the quarter was up 17.3% on year at INR 46.08 billion.

 

Analysts had estimated Tata Consumer's Jan-Mar net profit at INR 3.10 billion on a revenue of INR 45.50 billion. The company's net profit growth is its best in the past 11 quarters, and revenue growth was also higher than at any time in the past 15 quarters. Sequentially, the company's net profit was up 23.7% and revenue was up 3.7%.

 

The company's India branded sales figure for the reporting quarter was INR 29.40 billion, against INR 24.80 billion a year ago, while the international branded sales were INR 11.90 billion, against INR 10.50 billion, the company said in an exchange filing.

 

Tata Consumer said that in constant currency terms, its Jan-Mar consolidated sales were up 16.0% on year. The underlying volume growth for India branded business in the quarter was 5.9% on year, while growth for the financial year 2024-25 (Apr-Mar) was 4.5%, the company said in a press release.

 

 

India packaged beverages, a key contributor to the company's overall performance, recorded 9.0% year-on-year growth in the March quarter, while volumes were up 2.0%. Overall, India beverage sales were up 17.0% on year at INR 15.51 billion, the company said. The India foods segment recorded 27.0% on-year growth in revenue for the reporting quarter at INR 14.64 billion. Sales of the non-branded operations for the quarter were up 25.0% on year at INR 5.01 billion.

 

The international branded business continued its growth momentum with 5.0% year-on-year rise in sales to INR 11.04 billion for the quarter, Tata Consumer said. In constant currency terms, the revenue growth was 2.0%, the company added.

 

Tata Consumer said the company witnessed robust growth in the tea, coffee, and ready-to-drink beverage categories in India. In the India foods segment, salt revenue for the reporting quarter grew by 13.0% on year, led by value-added salt brands, while the company's market share increased by 30 basis points on year, the company said. The staples business under the Tata Sampann brand saw 30.0% on-year growth for the quarter, the company said.

 

Tata Consumer's Jan-Mar consolidated earnings before interest, tax, depreciation, and amortisation was INR 6.25 billion, a decline of 1.0% on year on higher input costs, but better than estimated. Analysts had expected the company's March quarter EBITDA to be INR 6.00 billion. The EBITDA margin for the quarter fell by 250 bps to 13.6%. The company reported 19.0% year-on-year rise in input costs to INR 18.70 billion.

 

The company's total expenditure for the quarter was up by 21.0% on year at INR 41.80 billion. The depreciation and amortisation costs for the quarter were up by 32.3% on year at INR 1.50 billion.

 

For FY25, Tata Consumer reported a consolidated net profit of INR 12.78 billion, up 11.0% on year, and its revenue rose nearly 16.0% on year to INR 176.20 billion. In constant currency terms, the company's consolidated sales were up 15.0% on year while the underlying volume growth in India branded operations was 4.5%, the company said.

 

The company's board recommended a dividend of INR 8.25 per share. On Wednesday, shares of Tata Consumer Products ended 1.2% higher at INR 1,150.10 on the National Stock Exchange. The company detailed its earnings after market hours.  End

 

Edited by Rajeev Pai

 

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