Latest news with #TataConsumerProducts'
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Business Standard
6 days ago
- Business
- Business Standard
Tata Consumer Q1 profit up 15.1% on strong tea, salt, Sampann sales
Fast-moving consumer goods major Tata Consumer Products on Wednesday reported a 15.1 per cent rise in net profit attributable to shareholders at Rs 334 crore in the first quarter of the current financial year (Q1FY26). Net sales in the reported quarter were up 9.8 per cent compared to the same period last year at Rs 4,779 crore, backed by strong growth in both the tea and salt segments of its India business. In the India business, revenue from the packaged beverages segment grew 12 per cent, while coffee posted robust growth of 67 per cent during the April–June quarter. The India foods business revenue rose over 14 per cent, with the value-added salt portfolio growing 31 per cent. The Tata Sampann portfolio maintained strong momentum, growing 27 per cent for the quarter. Tata Consumer Products' international business revenue grew 5 per cent in constant currency terms, driven by strong coffee performance in the US. 'We delivered steady topline growth of 10 per cent 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 and 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,' Sunil D'Souza, managing director and chief executive officer of Tata Consumer Products, said in the results release. He added that the company delivered yet another quarter of strong performance in the international business, with margins being accretive to those of the India business. '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 in India, with a total store count of 485 across 80 cities,' he said.
Mint
6 days ago
- Business
- Mint
Tata Consumer Products Q1 Results: Profit jumps 15% YoY to ₹332 crore; revenue up 10%
Tata Consumer Products Q1 Results: The fast-moving consumer goods (FMCG) company of the Tata group — Tata Consumer Products — posted a jump in its topline and bottomline for the first quarter of the financial year 2025-26 (Q1 FY26) post market trading hours on Wednesday, July 23. Its consolidated net profit saw a 15% year-on-year (YoY) rise to ₹ 331.75 crore in the said quarter, as against ₹ 289.25 crore in the same period last year. However, on a sequential basis, the figure was lower than ₹ 348.72 crore profit the blue-chip company posted in the preceding March quarter. The revenue from operations saw a 9.8% YoY rise to ₹ 4,778.91 crore in the April-June quarter of FY26. The company had posted a revenue of ₹ 4,352.07 crore in the same period last fiscal. Quarter-on-quarter, too, revenue rose by 3.7% from ₹ 4,608.22 crore in the previous quarter. However, the consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter came in at ₹ 615 crore, a decline of 8% due to higher tea costs in India and coffee price corrections in the non-branded business. The company, in a press release following the earnings announcement, said its India business recorded double-digit growth, enabled by strong growth in both core categories of tea and salt, supported by underlying volume gains. Meanwhile, the international business also continued its momentum with a 5% constant currency revenue growth. During the quarter, Tata Consumer Products' domestic packaged beverages business revenue grew 12% YoY, with coffee sales continuing on a strong trajectory, recording a revenue growth of 67% for the quarter. However, the RTD (Ready to Drink) business was impacted by unseasonal rains and recorded a moderate volume growth of 3%, the Tata group company said. As for the India food business, revenue grew 14% YoY. 'Tata Sampann portfolio continued to perform well and grew 27% for the quarter. Dry fruits and cold-pressed oil continued to build on their growth momentum,' the company said. In line with its store addition plans, Tata Starbucks added 6 net new stores during the quarter, bringing the total number of stores to 485 across 80 cities. The Cold Brew category saw growth and contributed to a larger share of the beverage menu mix. 'We delivered a steady topline growth of 10% in Q1 FY26, 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," said Sunil D'Souza, Managing Director & CEO of Tata Consumer Products. 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, said D'Souza. Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
