Latest news with #TCPL
&w=3840&q=100)
Business Standard
5 days ago
- Business
- Business Standard
CCL Products hits record high, stock zooms 97% from April low; Here's why
Shares of CCL Products hit a record high of ₹934, surging 4.5 per cent on the BSE in Monday's intra-day trade ahead of June quarter results on Tuesday, August 5, 2025. The stock price of the tea and coffee company has surpassed its previous high of ₹915.20 touched on June 4, 2025. It has nearly doubled or zoomed 97 per cent from its 52-week low of ₹475, touched on April 7, 2025. CCL Products Q1 results CCL Products informed that a meeting of its board is scheduled to be held on Tuesday, August 5, 2025, to consider and approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2025 (Q1FY26). Meanwhile, for the quarter, India's packaged beverages business revenue of Tata Consumer Products (TCPL) grew 12 per cent. Coffee continued its strong trajectory with a revenue growth of 67 per cent for the quarter. TCPL is a peer group company of CCL Products. TCPL's portfolio of products includes tea, coffee, water, RTD, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks and mini meals. CCL Products (India) is engaged in the production, trading and distribution of Coffee. The company has business operations mainly in India, Vietnam and Switzerland. Track LIVE Stock Market Updates Here CCL Products outlook Ongoing automation and digital transformation initiatives, including predictive maintenance tools and real-time production monitoring systems, have improved operational efficiency. CCL also intensified its internal transformation, rolling out digital manufacturing dashboards, predictive maintenance frameworks, and automated blending systems to enhance throughput and reduce waste. Looking ahead to FY 2025-26, CCL in its FY25 annual report said that the company will focus on optimizing global capacity post-Vietnam expansion; premiumizing the product portfolio via specialty and flavoured SKUs; scaling branded retail domestically and entering key overseas markets and driving green energy adoption, aiming for a 40–50 per cent renewable share in operations. According to Euromonitor, the global instant coffee market was valued at $35.7 billion in 2024 (retail value RSP) and is projected to reach $43 billion by 2029, growing at a compounded annual growth rate (CAGR) of 3.8 per cent in value terms. This growth is underpinned by shifting consumer preferences toward premium coffee, increased café culture, and strong demand from emerging markets, offering both opportunities and complexities for industry players. Meanwhile, India Ratings and Research (Ind-Ra) anticipates an improvement in EBITDA margins over FY26-FY27 with an improvement in the capacity utilisation, better product mix, and an increase in the share of the branded business. Also, CCL Products has increased spending towards improving awareness about its brands, including above-the-line campaigns and below-the-line sampling activities during the past couple of years, the results of which are likely to be seen in subsequent years, the rating agency said in its rationale.
India.com
24-07-2025
- Business
- India.com
Good news for Noel Tata, this company earns Rs 3310000000 in…, to compete with Mukesh Ambani, Isha Ambani's…
Tata Consumer Products Ltd (TCPL), the FMCG arm of the Tata Group, reported a 14.7% rise in consolidated net profit to Rs 331.75 crore for the June quarter, driven by strong performance in its India business. In the same quarter last year, the company had posted a net profit of ₹289.25 crore, according to its regulatory filing. Revenue from operations grew 9.8% year-on-year to Rs 4,778.91 crore, up from Rs 4,352.07 crore in the corresponding period last year. TCPL Q1 Results The growth was led by India business, which was up 11 per cent. Core businesses of tea and salt had a very good quarter, supported by underlying volume gains, TCPL Group Chief Financial Officer Ashish Goenka told PTI in a post-results interaction. In the June quarter, TCPL's overall branded business was up 10.6 per cent to Rs 4,270.9 crore. It was at Rs 3,861.51 crore in the corresponding quarter last fiscal year. TCPL's branded businesses include tea, coffee, water and other various value-added businesses. Its revenue from the branded business in India was up 11 per cent to Rs 3,125.7 crore in the June quarter. 'However, for us, RTD (ready-to-drink) got impacted by unseasonal rain, which has to be seen from the other beverages as well. Apart from higher competitive intensity in that category, the good news there is that we still had a volume growth of 3 per cent,' he said. TCPL's water business had a volume growth of 13 per cent. TCPL International Business Revenue TCPL's international branded business was up 9.44 per cent to Rs 1,145.20 crore. 'On the international side, business continues to grow in line with our expectations. The overall growth on an underlying basis was 5 per cent and within that, the US is coming back on growth,' said Goenka. Besides, TCPL's revenue from non-branded business was at Rs 535.76 crore, up 7.02 per cent during the quarter. This segment includes TCPL's plantation and extraction business of tea and coffee. Total expenses of TCPL in the June quarter were at Rs 4,354.66 crore, up 10.9 per cent. Tata Consumer's total income, which includes other income, was at Rs 4,820.08 crore, up 9.76 per cent. Tata Consumer Products and Reliance Consumer Products are direct competitors in the Indian FMCG market. Reliance Consumer Products has been rapidly expanding and has reached a scale comparable to Tata Consumer Products. But now growth of TCPL can create a challenge in front of Mukesh Ambani, Isha Ambani led Reliance Consumer Products. (With Inputs From PTI)
&w=3840&q=100)
Business Standard
24-07-2025
- Business
- Business Standard
Tata Consumer Products shares rise 4% post Q1: Should you stay invested?
Tata Consumer Products Q1 review: Tata Consumer Products (TCPL) shares rose 3.9 per cent in trade, logging an intraday high at ₹1,104.8 per share on BSE. The buying on the counter came after the company reported its Q1 numbers on Wednesday, after market hours. At 9:19 AM, TCPL share price was trading 3.1 per cent higher at ₹1,095.55 per share on BSE. In comparison, BSE Sensex was down 0.11 per cent at 82,639.14. The market capitalisation of the company stood at ₹1,08,373.74. Tata Consumer Products Q1 results In the June quarter (Q1FY26), Tata Consumer Products registered a 15 per cent jump in the consolidated net profit year-on-year (Y-o-Y) to ₹334.15 crore as compared to ₹290.32 crore. Its revenue from operations stood at ₹4,778.91 crore, up 9.8 per cent, from ₹4,352.07 crore a year ago. The company's Earnings before interest, tax, depreciation and amortisation (Ebitda) declined 8 per cent to ₹615 crore, as against ₹671 crore a year ago. Brokerages' view on Tata Consumer Products Q1 numbers Nuvama Institutional Equities has maintained a 'Buy' call on Tata Consumer Products, but has cut the target price to ₹1,285 per share from ₹1,335 owing to the company posting below-estimate revenue and a fall in Earnings before interest, tax, depreciation, and amortisation (Ebitda) and Ebitda margins. Tata Consumer Products reported Q1FY26 revenue growth of 9.8 per cent, which was slightly below Nuvama's expectation. Earnings before interest, tax, depreciation and amortisation (Ebitda) declined, and margins contracted sharply with gross margin down 482 basis points (bps) and Ebitda margin down 263 bps Y-o-Y, impacted by elevated tea costs and coffee price corrections in the non-branded segment, according to Nuvama. Similarly, Motilal Oswal continued with 'Buy', but cut the target to ₹1,270 per share from ₹1,300. However, it raised FY26/FY27 Ebitda estimates by 7 per cent/3 per cent. The brokerage sees moderation in tea prices to support margin expansion from Q2FY26 and expects international business to sustain FY26 performance. In Q1, the company's international business revenue grew 5 per cent in constant currency terms, driven by strong coffee performance in the US. Besides, the India food business revenue also grew over 14 per cent, and its value-added salt portfolio grew 31 per cent. ICICI Securities also iterated its 'Add' rating with no chnage in target price of ₹1,220 per share. The brokerage believes that margin headwind is bottoming out and is expected to recover in H2FY26. Tata Consumer Products management commentary The management of the Tata group company expects Ebitda growth to be higher than revenue growth H2FY26 onwards and Ebitda margins to revert to historical levels Q2FY26 onwards due to potential moderation in tea prices. Further, a mid-single-digit volume growth in the tea business, with 6–8 per cent value growth, is expected going ahead. The company is aiming to increase Advertising and Promotion (A&P) spends to 7.5 per cent of revenue in the near term (6.8 per cent of revenue in Q1FY26). Capital Foods and Organic India is anticipated to grow 30 per cent Y-o-Y in FY26 and the ready-to-drink (RTD) business is expected to deliver 30 per cent top-line growth in FY26, driven by volume and product launches. The company aims to expand its growth business to 30 per cent of India business (currently at 28 per cent in Q1) and to expand value-added Stock Keeping Units (SKUs) of dry fruits to enhance margins.
Mint
23-07-2025
- Business
- Mint
Tata Consumer Reports Coffee Prices Decline Amid Ongoing Volatility
Packaged food and beverage maker Tata Consumer Products Ltd (TCPL) on Wednesday said that coffee prices are currently on a downward trajectory, though ongoing volatility necessitates close monitoring following a period of significant surge. In the March quarter, TCPL had noted that prices of Arabica coffee were 97% higher year-on-year, while Robusta coffee prices were up 56%. Prices of Arabica and Robusta— types of coffee beans—have moderated significantly, yet remain volatile, according to the company's investor presentation released Wednesday. 'The issue with falling coffee prices is your trailing inventory, that is the whole catch, because you're sitting with inventory and selling it at a lower price. It will stabilize at a point in time. We are probably close to the bottom on the margins front. We are fairly well hedged in coffee, we've taken a small charge this quarter on the mark to market. We'll have to see one more quarter, and of course it largely depends on where the coffee prices finally settle. If they are roundabout where they are currently, we'll see probably one more quarter of pain, and then we should get back to the historical margins that we had in business,' Sunil D'Souza, Managing Director and chief executive officer of Tata Consumer Products said during the company's post-earnings call on Wednesday evening. Despite the global price drop impacting profitability, TCPL's India coffee business reported revenue growth of 67% on the back of a 33% increase in volumes. The company sells coffee under brands such as Tata Coffee Grand, Eight O'Clock Coffee, Sonnets by Tata Coffee and Tata Coffee Gold, competing with players like Nestle India and Hindustan Unilever in the packaged coffee market. The maker of Tata Salt and Tata Tea reported a 15% jump in quarterly net profit, reaching ₹ 332 crore, up from ₹ 289.25 crore in the corresponding period last year. Consolidated revenue for the three months ended 30 June grew 10% year-on-year to ₹ 4,779 crore. The India branded business recorded a 6.8% volume growth, with the core India business, encompassing both tea and salt, reporting double-digit 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 ready-to-drink 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,' D'Souza said. On the tea front, where the company sells brands like Tata Tea and Tetley, TCPL stated that prices remain favourable, though the outlook is cautiously optimistic. According to the company's investor presentation, North India tea prices are moderately lower compared to the same period last year due to robust crop supply in the region, while South India tea prices continued to soften. Consolidated Ebitda (earnings before interest, taxes, depreciation and amortization) for the June quarter declined by 8%, primarily attributed to higher tea costs in India and coffee price corrections in the non-branded segment. TCPL also has a large overseas business. It also sells staples and breakfast cereals. 'If you look at the crop itself, I think we are already ahead in North India compared to last year... Now, we do expect this year to be normal, even the IMD forecast a normal rainfall season, and if that happens, there's no reason for us not to go back to the tea cropping levels of 2023, and therefore the pricing to start unwinding,' he said. Meanwhile, the company's cafe chain business under Starbucks reported positive same-store sales growth during the quarter, with overall revenue for the segment growing 6%. Same-store sales growth was positive, except during May when regional geopolitical tensions flared up and impacted store operating hours in specific geographies. Starbucks operates 485 stores in India. 'We tempered store opening for the quarter adding only six new stores. We are focusing on footprint growth across metros as well as smaller cities,' he said.
Economic Times
23-07-2025
- Business
- Economic Times
Tata Consumer Products posts 10% jump in Q1 PAT driven by tea, salt sales
Tata Consumer Products Ltd (TCPL) on Wednesday reported a 9.8% year-on-year (yoy) jump in its consolidated revenue from operations at Rs 4778.91 crore for the first quarter ending June, while net profit grew by 10.2% yoy at Rs 346.44 crore in the period under review. ADVERTISEMENT The manufacturer of Tata Tea and Tata Salt said the India business recorded double digit growth in the quarter driven by the tea and salt categories, while the ready to drink business volume growth was impacted by unseasonal rains. The company's international business grew 5% at constant currency revenue growth. TCPL's standalone revenue from operations increased by 10% yoy during the quarter to Rs 3529 crore, while net profit after taxes grew by 285.9% to Rs 713.9 crore. The company said the significantly high growth in net profit is due to dividend income of Rs 464 crore received from its overseas subsidiaries. The company's managing director Sunil D'Souza told analysts on Wednesday that tea price right now is 13-15% below last year and he does not expect it to trend lower. 'Coffee, while trending downwards, is not a uniform trend, there is still a bit of volatility there that we need to manage,' he said. D'Souza further said while TCPL is still a relatively small player in coffee, there was 33% growth in terms of volume and 67% in terms of value during the Wednesday, TCPL closed at Rs 1064 per share at the NSE, down 1.92% from the previous closing company's joint venture with international coffee chain Starbucks added six net new stores during the quarter taking the total Starbucks store count to 485 across 80 cities. ADVERTISEMENT TCPL said there was a 6% revenue growth for Tata Starbucks during the quarter and positive same store sales growth except in May when 'the regional geopolitical tensions flared up and impacted store operating hours in specific geographies'. (You can now subscribe to our ETMarkets WhatsApp channel)
