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Informist, Friday, May 8, 2026

 

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--Tata Consumer Jan-Mar consol net profit INR 4.19 bln
--Analysts saw Tata Consumer Jan-Mar consol net profit at INR 4.10 bln
--Jan-Mar consol net revenue INR 54.34 bln
--Analysts saw Tata Consumer Jan-Mar consol revenue at INR 52.68 bln
--Jan-Mar consol PAT INR 4.19 bln vs INR 3.45 bln year ago
--Jan-Mar consol revenue INR 54.34 bln vs INR 46.08 bln yr ago
--To pay INR 10 per share dividend
--Jan-Mar India branded sales INR 33.28 bln vs INR 29.37 bln
--Q4 international branded sales INR 14.18 bln vs INR 11.94 bln
--Q4 non-branded sales INR 7.14 bln vs INR 5.01 bln yr ago
--FY26 consol PAT INR 15.42 bln vs INR 12.78 bln year ago
--Jan-Mar consol operating margin 11.61% vs 10.23% yr ago
--FY26 consol revenue INR 202.90 bln vs INR 176.18 bln yr ago
--Operating performance in Q4 aided by branded business
--Q4 branded business growth aided by lower tea cost inflation
--Margin in Q4 improved on lower tea cost inflation
--US tariff, coffee inflation had negative impact on margin
--Q4 India branded ops underlying volume growth 16% YoY
--Jan-Mar consol EBITDA INR 7.96 bln, up 27% on yr
--Jan-Mar consol EBITDA margin 14.6%, up 100 bps on year
--Jan-Mar consol sales up 15% on year in constant currency
--Q4 intl sales INR 13.36 bln, up 11% YoY in constant currency
--Jan-Mar India foods sales INR 17.66 bln, up 21% on yr
--Jan-Mar India beverage sales INR 16.15 bln, up 4% on yr
--Jan-Mar salt revenue up 12% YoY, volumes up 13%
--Jan-Mar salt market share up 100 bps on year
--Jan-Mar tea market share down 50 bps on year
--Jan-Mar packaged beverages revenue dn 1% YoY, volumes up 4%
--Jan-Mar packaged beverages revenue down YoY due to price cuts
--Jan-Mar India coffee revenue up 20% on year
--Q4 ready-to-drink ops revenue up 23% YoY, volume up 28%
--To set up instant tea mfg unit in India for INR 1.60 bln
--New instant tea mfg unit capacity to be 2,000 tn
 

 

By Avishek Rakshit 

 

KOLKATA – Backed by decent volume growth in India across its major portfolios, Tata Consumer Products Ltd. reported around 18% on-year consolidated top line growth in the March quarter to over INR 54 billion and over 21% on-year rise in bottom line to INR 4.2 billion. While the top line was ahead of the Steet's estimate by around INR 2 billion, the net profit was marginally ahead. 

 

During the quarter, Tata Consumer Products reported robust underlying volume growth for the India branded business at 16%. Consolidated sales in constant currency terms were up 15% on year. 

 

The foods business in India delivered 21% on-year growth during the quarter to around INR 18 billion, bringing the segment's growth for 2025-26 (Apr-Mar) to 18% on year. The beverages business in India grew 4% on year for the quarter to over INR 16 billion, bringing FY26 growth to 8%.

 

The growth businesses, or the new product divisions which the company is banking on to lead future growth, crossed INR 40 billion in FY26, accounting for 31% of the domestic business. 

 

International business continued its momentum with 21% on-year growth in the March quarter and delivered 16% revenue growth in FY26. In constant currency terms, the revenue growth from international operations rose 11% on year to over INR 13 billion in the March quarter and 9% during FY26. 

 

The company's consolidated earnings before interest, tax, depreciation, and amortisation for the March quarter was INR 8 billion, up 27% on year. The metric rose 12% on year to INR 28 billion in FY26. The EBITDA margin increased 100 basis points on year to 14.6% in the March quarter. The consolidated operating margin for the quarter increased to 11.61% as against 10.23% in the year-ago quarter. 

 

For FY26, the company's consolidated revenue rose above 15% on year to nearly INR 203 billion and net profit rose 21% on year to over INR 15 billion. The company Friday approved a dividend of INR 10 per share. 

 

During the March quarter, packaged beverages volumes in India grew 4% on year, but revenue declined around 1% as the benefit of lower input costs were passed on to consumers. However, the company lost its market share in tea business, which fell 50 basis points on year during the quarter. Coffee continued its strong trajectory with revenue growth of 20% for the quarter. Summer-led premixes - Tata Tea Gold Iced tea, Tetley Matcha Latte, and Tata Coffee cold coffee -- were launched across the beverages portfolio.

 

The ready-to-drink business delivered its third consecutive quarter of double-digit growth, recording 23% revenue growth and 28% volume growth in the March quarter. The business entered the electrolyte beverages category, with the small-pack launch of Tata Electrolyte targeting affordability, trial and high frequency consumption occasions, Tata Consumer said in a statement.

 

In a filing with bourses, Tata Consumer said it is setting up a 2,000-tonne instant tea manufacturing unit with an investment of INR 1.60 billion. The plant will be set up in two years and will be financed from internal accruals. 

 

"Performance was broad-based across our core and growth businesses, reflecting sustained momentum in execution, innovation and brand building," Sunil D'Souza, managing director and chief executive officer at Tata Consumer, said in a statement. 

 

Branded sales in India rose 13% on year to over INR 33 billion and international branded sales rose nearly 19% on year to INR 14 billion in the March quarter. Non-branded sales rose nearly 43% on year to over INR 7 billion. Tata Consumer said its operating performance in the March quarter was aided by branded business and lower tea cost inflation, which also led to an improvement in margins. However, the US tariffs and higher coffee procurement costs had a negative effect on margins. 

 

"Our India branded business delivered robust underlying volume growth driven by strengthening distribution, portfolio expansion and innovation," D'Souza said. "The foods business continued its strong trajectory with Tata Sampann recording exceptional growth momentum."

 

The company's revenue from the salt business grew 12% on year in the March quarter, backed by 13% volume growth. This marked the fifth consecutive quarter of double-digit growth in the company's salt business and its market share in salts increased 100 bps on year. 

 

"As we move into the next phase of growth, we remain focused on building scale, strengthening our portfolio and consistently delivering value to consumers, customers and shareholders," D'Souza said. On Friday, shares of Tata Consumer closed 2.1% higher at INR 1,176.20 on the National Stock Exchange. The company announced its earnings post marker hours.  End

Edited by Tanima Banerjee

 

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