Latest news with #TataConsumerProductsLtd
Time of India
27-05-2025
- Business
- Time of India
India remains bright spot of economic growth amidst volatile global environment: N Chandrasekaran
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India remains "one of the bright spots of economic growth" amidst a volatile global economic environment, said Tata Consumer Products Ltd (TCPL) Chairman N Chandrasekaran in the company's annual report. Chandrasekaran, who is also the chairman of Tata Sons and Tata Group, said the group would have a lesser impact from the new US tariff regime under the Trump administration."India's direct exposure to the US is limited as its goods exports to the US are just over 2 per cent of its GDP, one of the lowest among emerging markets," he said while addressing the shareholders of Tata Group FMCG arm stated that India's long-term growth is underpinned by strong demographic and economic fundamentals and ongoing structural reforms."India's near-term macro-outlook remains strong with stable growth expectations in 2025, falling inflation, and ongoing monetary easing," he the consumer trends, Chandrasekaran said premiumisation, health & wellness, and convenience are gathering pace in the FMCG industry. Quick commerce has seen exponential growth, yet physical distribution remains extremely relevant at the same time," he said adding to tap these opportunities, TCPL has adopted an omnichannel also highlighted that Gen Z and Millennials are expected to contribute to an increasing share of consumption, by some estimates, 76 per cent of the total consumption by 2030."This presents an opportunity for cooking aids, packaged food, healthier & guilt-free snacking, and mini-meal options, all of which we have added to our portfolio in the last few years. The innovation capability we have built along with our portfolio transformation initiatives over the past few years positions us well to leverage these emerging trends," he which has brands like Tata Salt, Tetly, Sampann, Soulfull, Tata Coffee, and Eight O'clock, has an "overarching ambition" to evolve into a full-fledged fast-moving consumer goods (FMCG) company, he said."With the FMCG landscape evolving rapidly, it is critical for brands to be present everywhere the consumer is. In India, we continued to make strong progress in our sales and distribution expansion, with a total reach of 4.4 million retail outlets," said company has completed the implementation of a next-gen Distributor Management System to further enhance salesforce productivity."Modern trade and E-commerce/Quickcommerce continue to be strong growth drivers, and we have started building pharmacy and HoReCa channels," he said.
India.com
27-05-2025
- Business
- India.com
Bad news for Noel Tata, this company losses widen to Rs 1350000000, still plans to open 1000…
Tata Starbucks reported a widened net loss of Rs 135.7 crore in FY25, despite a 5% increase in revenue to Rs 1,277 crore, as per the latest annual report from Tata Consumer Products Ltd (TCPL). The quick-service restaurant (QSR) chain, a 50:50 joint venture between TCPL and US-based Starbucks Corporation, had posted a net loss of Rs 82.16 crore in FY24. TCPL, which aims to have a network of 1,000 cafes by the end of FY28, is experiencing revenue growth, helped by the expansion of a number of stores. Starbucks has opened 58 net new stores and entered 19 new cities in FY25, taking the count to 479 stores across 80 cities. 'The revenue from operations stood at Rs 1,277 crore, improved by 5 per cent…driven by a higher number of stores,' TCPL, the FMCG arm of Tata Group, said adding that it has now become the largest organised cafe operator in India based on store count. The year witnessed demand softness in the overall QSR (Quick Service Restaurant) space. Consequently, the sales growth was subdued, and profitability remained muted. 'Tata Starbucks is the largest organised cafe operator in India based on store count, though the industry is significantly under-penetrated in comparison to similar per capita income GDP countries,' it said. Despite a more moderate number of store openings in the short term, the JV 'remains committed to increasing our store base in India and get to 1,000 outlets by FY28,' it added. In FY25, TCPL has invested Rs 125 crore in Tata Starbucks. Besides, it also expects growth from its vending business 'Tata MyBistro', a new entrant in the segment offering a variety of coffee, tea and other drinks mainly to institutional customers. (With Inputs From PTI)
Time of India
26-05-2025
- Business
- Time of India
Tata Starbucks reports Rs 135.7 crore loss in FY25; revenue rises 5%
Tata Starbucks, the joint venture between Tata Consumer Products Ltd (TCPL) and US-based Starbucks Corporation, reported a net loss of Rs 135.7 crore in FY25, widening from Rs 82.16 crore in FY24, according to TCPL's latest annual report. The company saw its revenue from operations rise by 5 per cent to Rs 1,277 crore, driven primarily by continued store expansion. In FY25, Tata Starbucks launched 58 new outlets and entered 19 additional cities, bringing its total footprint to 479 stores across 80 cities. This solidified its position as India's largest organised café chain by store count. 'The revenue from operations stood at Rs 1,277 crore, improved by 5 per by a higher number of stores,' TCPL noted in the report. However, the broader quick service restaurant (QSR) sector faced overall demand weakness, contributing to modest sales growth and subdued profitability. TCPL highlighted that while Tata Starbucks leads in store count, the Indian café industry remains significantly under-penetrated compared to countries with similar per capita GDP. Looking ahead, the joint venture remains committed to its long-term goal of operating 1,000 stores by FY28, although it anticipates a slower pace of expansion in the near term. TCPL invested Rs 125 crore into the venture during FY25. The company also expects future growth from 'Tata MyBistro', a newly launched vending business catering to institutional clients with a range of beverages. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
23-04-2025
- Business
- Time of India
Tata Consumer Products Q4 net profit jumps 52% to Rs 407 crore
New Delhi: Tata Consumer Products Ltd (TCPL), on Wednesday, has reported a robust 52 per cent year-on-year rise in consolidated net profit to Rs 407.07 crore for the fourth quarter (Q4) ended March 2025, propelled by higher income. It had reported a net profit of Rs 267.71 crore in the corresponding quarter of the previous fiscal, according to a regulatory filing. The FMCG major's total income for the January–March period stood at Rs 4,664.73 crore, marking a strong increase from Rs 3,965.39 crore in the year-ago quarter. Total expenses during the quarter rose to Rs 4,180.35 crore, compared to Rs 3,455.93 crore in the same period last fiscal. For the full financial year FY25, Tata Consumer Products posted a consolidated net profit of Rs 1,380.31 crore, slightly higher than Rs 1,300.99 crore reported in FY24. Commenting on the performance, Sunil D'Souza, Managing Director & CEO of 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.' He added that core categories like India tea and salt continued to grow, alongside robust gains in emerging brands like 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,' D'Souza said. TCPL's international business also saw strong growth across geographies, alongside margin expansion in line with earlier 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,' he noted. The company launched 41 new products during the year, focusing on health, wellness, convenience, and premiumization, with an innovation-to-sales ratio of 5.2%. 'Despite a tough operating environment, we delivered strong growth across businesses, and we will continue to drive consistent profitable growth as we move forward,' D'Souza emphasized.
News18
23-04-2025
- Business
- News18
Tata Consumer Q4 Results: Net Profit Jumps 59% YoY To Rs 345 Crore; Rs 8.25 Dividend Declared
Last Updated: Tata Consumer Q4 Results: Tata Consumer Products Ltd has declared a dividend of Rs 8.25 per share of face value Re 1 each for 2024-25. Tata Consumer Q4 Results: Tata Consumer Products Ltd on Wednesday reported a 59 per cent YoY jump in its net profit to Rs 345 crore for the fourth quarter ended March 31, 2025. The company's has declared a dividend of Rs 8.25 per share of face value Re 1 each for 2024-25. The dividend will be paid on or after June 21, 2025, Tata Consumer said in BSE filing. Its consolidated EBITDA for the quarter at Rs 625 crore, down 1 per cent YoY. Sunil D'Souza, managing director of TCPL, said, '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." On a standalone basis, profit rose 85 per cent to Rs 277 crore, while revenue jumped 20 per cent to Rs 3354.2 crore. For the entire FY25, the net profit was at Rs 1,380.31 crore, up from Rs 1,300.99 crore in FY24. Shares of Tata Consumer Products on Wednesday rose 0.73 per cent to close at Rs 1,145 apiece on the NSE, ahead of the results.
