TATA CONSUMER PRODUCTS LIMITED has informed the Exchange about Investor Presentation
July 26, 2023
National Stock Exchange of India Limited Exchange Plaza, C-1, G Block Bandra Kurla Complex, Bandra (E) Mumbai 400 051 Scrip Code – TATACONSUM
BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400001
Scrip Code - 500800
The Calcutta Stock Exchange Limited 7 Lyons Range Kolkata 700 001 Scrip Code – 10000027 (Demat) 27 (Physical)
Sub: Investors Presentation on Financial Results for the quarter ended June 30, 2023
Dear Sir/Madam,
In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we are submitting the Investors Presentation concerning the Unaudited Financial Results of the Company for the quarter ended June 30, 2023.
Additionally, the above presentation is also being made available on the website of the Company at https://www.tataconsumer.com/investors/investor-relations/results-and-presentation/analyst- presentation
Thanking you,
Yours Truly,
For Tata Consumer Products Limited
Neelabja Chakrabarty Company Secretary & Compliance Officer
Encl as above
11/13 Botawala Building 1st Floor Office No 2-6 Horniman Circle Fort Mumbai 400 001 India Tel: 91-22-6121-8400 | Fax: 91-22-61218499 Registered Office: 1, Bishop Lefroy Road, Kolkata – 700 020 Corporate Identity Number (CIN): L15491WB1962PLC031425 Email: investor.relations@tataconsumer.com Website: www.tataconsumer.com
Public
Investor Presentation
For the quarter ended June 2023
26th July 2023
Disclaimer
Certain statements made in this presentation relating to the Company’s objectives, projections, outlook, expectations, estimates, among others may constitute ‘forward-looking statements’ within the meaning of applicable laws and regulations. Actual results may differ from such expectations, projections etc., whether express or implied. These forward-looking statements are based on various assumptions, expectations and other factors which are not limited to, risk and uncertainties regarding fluctuations in earnings, competitive intensity, pricing environment in the market, economic conditions affecting demand and supply, change in input costs, ability to maintain and manage key customer relationships and supply chain sources, new or changed priorities of trade, significant changes in political stability in India and globally, government regulations and taxation, climatic conditions, natural calamity, commodity price fluctuations, currency rate fluctuations, litigation among others over which the Company does not have any direct control. These factors may affect our ability to successfully implement our business strategy. The company cannot, therefore, guarantee that the ‘forward-looking’ statements made herein shall be realized. The Company, may alter, amend, modify or make necessary corrective changes in any manner to any such forward looking statement contained herein or make written or oral forward-looking statements as may be required from time to time on the basis of subsequent developments and events.
2
Agenda
Executive summary
Performance overview
Progress against strategic priorities
Macro environment
Business performance
Financial performance
Concluding remarks
Other
33
We are Tata Consumer Products
In a nutshell
Integrated F&B company with rich heritage of Tata, aspiring for a larger share of the FMCG World
#2 branded tea player globally
₹ 13.8K crore consolidated revenue in FY23 with a market cap of ~₹80k* Cr
Reach north of 200mn households in India and distribute to ~3.9mm retail outlets
Largest salt brand in India
2nd Largest tea brand in India
4th largest tea brand in UK & largest tea brand in Canada
4th largest R&G coffee brand in USA
National brand in pulses, spices and mixes
#1 natural mineral water brand in India
Among the top 10 FMCG companies in India
~3500+ employees worldwide
* As of 30th June 2023
4
Executive Summary
We had another strong quarter with consolidated revenue growth of 12% (11% constant currency) driven by strong growth in India business.
Consolidated EBITDA grew 19%. During the quarter,
o India Beverages1 grew 10%, with tea volumes growing 3% YoY. NourishCo continued its momentum with a 60% revenue growth YoY. o India Foods2 grew 24% with volumes up 6%. Tata Sampann delivered yet another strong quarter, growing 51% YoY. o International business recorded 7% revenue growth (-4% ex-acquisitions in constant currency)3, with EBIT growth of 11%. o Tata Starbucks opened 16 new stores during the quarter. Its top line grew 21% YoY.
We continued to drive “India Growth” 4 businesses – combined, they grew 58% and accounted for 20% of the India business during Q1FY24. While volume market share in tea was slightly lower on a MAT basis, it was broadly stable vs the same quarter last year. While the Tata Salt
franchise gained share, overall salt market share saw a marginal dip led by the lower-priced brands in the portfolio.
At the company level, the EBITDA margin expanded by 80bps YoY, led by improvement in both the India as well as International business. The
profitability profile of our growth businesses improved significantly, primarily led by NourishCo.
We continued to invest behind our brands with A&P-to-sales for our India Branded business at 7.1%. This was yet another busy quarter in terms of new launches with Innovation-to-Sales at 5%. Tata Soulfull entered several new categories. We are strengthening distribution in Rurban towns and are on track to reach 4m outlets (numeric reach) by Sep’23.
1 Includes NourishCo revenue, but volume doesn’t include Nourishco volumes 2 Includes Tata Soulfull, Sampann Yumside revenues. Volume doesn’t include Soulfull/Sampann Yumside volumes 3 Excluding the impact of Joekels and Bangladesh stake consolidation that happened in Q4FY23 4 Includes Nourishco, Tata Sampann, Tata Soulfull, and Tata Sampann Yumside businesses.
66
US Coffee
International Tea*
Tata Coffee (incl. Vietnam)
Consolidated
Key Businesses Snapshot – Q1FY24
In ₹ Cr (unless specified)
Revenue
Revenue growth
Constant currency growth
India Beverages
1,444
10%
India Foods
1,033
24%
364
2%
-5%
530
10% [0%]*
8% [-4%]*
Volume growth
3%
6%
-12%
7% [-11%]*
Key Brands
Notes:
a) India Beverages revenue includes India Packaged Beverages and NourishCo, but volume doesn’t include NourishCo volumes
b) India Foods revenue includes Tata Soulfull and Tata SmartFoodz
c) International tea business includes UK, Canada, USA, Australia, Europe, Middle East, South Africa and Bangladesh
d) Tata Coffee incl. Vietnam and excl. USCoffee (EOC)
e) Consolidated revenue includes other non-branded business and Inter-segment eliminations
* [ ] Revenue growth on a like-to-like basis, excluding the impact of Joekels and Bangladesh stake consolidation that happened in Q4FY23
3,741
12% [11%]*
11% [9%]
340
13%
11%
-6%
8 8
Summary of Group Performance – Q1FY24
₹ 3,741 Cr.
₹ 547 Cr.
₹ 495 Cr.
₹ 338 Cr.
₹ 341 Cr.
₹ 2,320 Cr.
Revenue
EBITDA
PBT (bei)^
Group Net Profit
Group Net Profit (bei)^
Net Cash$
Growth (YoY)
12% [11%]
Margin
Margin expansion (YoY)
EPS (Basic)
EPS growth (YoY)
[ ] Constant currency growth.
^ before exceptional items.
19%
14.6%
80bps
23%
13.2%
110bps
16%
9.1%
30bps
22%
9.0%
70bps
3.41
23%*
$ Cash and cash equivalents (net of total borrowings) as of 30 June 2023.
* EPS growth and Group Net Profit growth rates differ owing to acquisition of residual minority stake in Tata Consumer Products UK Group Limited from Tata Enterprises (Overseas) AG (TEO) in FY23
9 9
Strategic Priorities
The picture can't be displayed.
Strengthen & accelerate core business
Drive Digital & Innovation
Unlock synergies
Create Future Ready Org
Explore new opportunities
Embed sustainability
11 11
Progress on S&D; Momentum continues in alternative channels
Domestic Total Reach (outlets m)
Modern Trade
4.0
3.9
3.8
Mar'23
Jun'23
Sep'23 (P)
On track to reach 4m outlets by Sep’23, effectively doubling
our total reach since Sep’20.
We continue to increase bandwidth at the front end through split routes for salesmen in Ten Lac Plus Population (TLP) towns. The results have been encouraging so far.
Rurban focus – expanding direct distribution in smaller towns by upgrading sub-distributors/appointing new distributors.
Q1FY24 revenue growth
E-commerce
Q1FY24 revenue growth
12 12
India Business – Powering our Brands
Tata Tea Gold Care celebrated Mother’s Day through a personalized tea packaging campaign. The campaign reached an audience of 90mn +
Tata Tea’s new Jaago Re campaign is an appeal to dial up the public consciousness and inspire mobile mass action in the fight against climate change.
To aid category building in unpolished pulses, Tata Sampann launched the “I am Sorry” digital campaign featuring celebrity chefs Ranveer Brar and Sanjeev Kapoor to showcase the difference that quality ingredients make to a dish.
1 Source: Nielsen – MAT basis, Jun’23 vs Jun’22
Q1FY24 A&P-to-Sales (India Branded Business)
7.1%
Market share – Tea
Volume -50 bps1 Value -110 bps1
Market share – Salt
Value -30 bps1
13
Tata Soulfull: Expanding the portfolio
Tata Soulfull entered new categories with exciting new launches, expanding its Total Addressable Market (TAM)
NutriDrink+ Kids is a smoothie mix with the goodness of 6 natural grains sweetened with Jaggery in mouth- watering flavors designed for kids.
NutriDrink+ offers grain-based drinks in two flavours, Almond and Cocoa Lite. It is aimed at adults and offers 10g of protein per serve.
Millet Granola, packed with 20% crunchy millets and
24% Fruit & Nut, launched to complement the existing Muesli range further strengthening our offerings in the premium cereal category
Tata Soulfull Oats+ is a plain oats + 20% millets
offering, that can be prepared in under 5 minutes, and offers the benefits of high fiber, high protein, and lasting energy.
14 14
Continuing the momentum on innovation (1/2)
Tata Coffee Gold Cold Brew Steeped for more than 12 hours for a strong, rich velvety taste. Launched in 3 flavours – Mocha, Classic and Hazelnut
Tata Spring Alive Pristine packaged water with natural minerals intact, competitively priced
1868 Range Extension and Tea Bags Adding to our premium 1868 range with 4 variants of milk teas and 3 green teas. Launch of tea bags ensures flavour with convenience
15
Continuing the momentum on innovation (2/2)
Tata Sampann Rava Idli, Rava Dosa Popular breakfast mixes to offer our consumers healthier options in a convenient format
Tata Sampann Daliya Launched raw Daliya, marking our entry into a highly salient category in the North making it the perfect fit for Tata Sampann
Tata Sampann South Hing Expanding our range of South Spices with a high value product – Asafoetida Powder (Hing) in line with our hyperlocal strategy
Tata Sampann Yumside International Cuisine Global cuisine-based RTEs viz. pastas, noodles are currently only offered by Yumside in the Indian market and are a strong differentiated play
16 16
Momentum continues in the new Engines of Growth
Growth Businesses as a % of India Branded Business
20%
15%
15%
10%
8%
6%
FY20
FY21
FY22
FY23
Q1'23
Q1'24
Combined YoY revenue growth Q1FY24
Growth businesses include Tata Sampann, NourishCo, Tata Soulfull, the RTE/RTC business (Tata Smartfooz). Tata Soulfull & Tata SmartFoodZ became subsidiaries effective Feb’21 & Nov’21, respectively.
17 17
Striving towards a sustainable future
Published Business Responsibility and Sustainability Report (BRSR) and a section
dedicated to our Sustainability strategy, as part of the Integrated Annual Report
FY23.
Completed third-party verification of Tata Consumer’s global GHG footprint for
Scope 1 and 2 for FY23 as per ISO 14064.
Tata Consumer was recognized among the Top 5 Most Sustainable Companies in
BW Businessworld’s annual ranking of India's Most Sustainable Companies.
A campaign on “Let’s Commit to Beat Plastic Pollution” on World Environment Day
(WED) saw active employee- participation in various initiatives organized across
various facilities.
1818
Key Commodities’ movement
Tea
Coffee
N. India Tea (INR/kg)
S. India Tea (INR/kg)
Kenya Tea ($c/kg)
Arabica Coffee ($c/lbs)
Robusta Coffee ($c/lbs)
233
186
191
188
100
'
2 2 2 Q
101
'
2 2 3 Q
215
180
122
'
2 2 1 Q
246
149
115
'
2 2 4 Q
229
224
212
195
101
'
3 2 1 Q
104
'
3 2 2 Q
234
177
117
'
3 2 3 Q
217
217
197
112
'
4 2 1 Q
144
128
'
3 2 4 Q
236
225
223
222
177
86
'
2 2 2 Q
147
68
'
2 2 1 Q
105
103
94
96
'
2 2 3 Q
'
2 2 4 Q
'
3 2 1 Q
'
3 2 2 Q
177
173
88
'
3 2 3 Q
93
'
3 2 4 Q
185
119
'
4 2 1 Q
• North India tea prices increased in line with annual trends, as we
• Arabica prices for the quarter saw a slight uptick QoQ but were
entered the plucking season. Prices were 7% lower YoY.
17% lower YoY.
• South India tea prices during the quarter were 11% higher YoY.
• Robusta saw a sharp increase with average prices for the quarter
• Kenyan tea prices remained rangebound sequentially.
reaching $c119/lbs owing to tight global supplies, up 27% YoY.
Source: North India and South India tea auction (Tea Board of India) Mombasa tea auction (EATTA) | International Coffee Exchange
20
20
Market context – category growth rates (value)
15.5% 15.5%
4.0% 3.9% 4.2%
5.8% 5.8%
7.9%
-0.6%
-4.9%
UK Regular Black Tea
UK Fruit & Herbals Tea
Canada Regular Black Tea
Canada Speciality Tea
India Branded Tea
US Regular Black Tea
US Bags Coffee
US K-cup Coffee
Source: Nielsen: 12 weeks (Value) – Jun’23
21
India Packaged Beverages
Tata Tea Premium launched a new Jharkhand pack, with a good initial response
Tata Tea Premium Dust Elaichi has seen good response since launch.
Performance commentary • Revenue for the quarter grew 2%, with 3% volume growth, recording
another consecutive quarter of positive volume growth.
• This brings the 4-year revenue CAGR of
the business to 7% in
Q1FY24.
• Both our largest brands, Tata Tea Premium and Tata Tea Agni
recorded strong volume growth during the quarter.
• TCPL maintained market leadership in tea in the e-com channel for
the 26th consecutive month.
• Coffee revenue grew 21% YoY during the quarter.
Other updates •
In the modern trade channel, our tea growth was 1.7x category growth across our top 4 customers.
• Tata Tea Premium won two silvers at the Shark Awards ‘23.
+2%
Revenue Growth
+3% Volume Growth1
-110bps Market Share gain2
Note: all numbers in the grey panel are for Q1FY24, and growth is vs Q1FY23 unless specified otherwise 1 Tea volume growth 2 Source: Nielsen – Value share, Moving Annual Total (MAT) basis Jun’23 vs Jun’22
23 23
India Foods
Tata Sampann Yumside launched its new campaign – Aap Prem Se Khaiye, Duniya Rukegi to legitimize taste credentials in a convenience driven category.
Tata Salt’s new campaign ‘Tez Baccho Se Hi Toh Tez Desh Banta Hain’ emphasizes the crucial role of iodine as a key micronutrient, vital for the cognitive development of children.
+24%
Revenue Growth
+6%
Volume Growth
-30bps Salt Market share1
Performance commentary • Salt revenue grew 18% during the quarter, on a high base of last year (Q1FY23 salt grew 20%). This brings the 4-year revenue CAGR of salt to 17%.
• Tata Sampann delivered strong performance during the quarter, growing 51% YoY, albeit on a soft base (Q1FY23 growth was 6%).
• Salt business margin remained in the normative range.
• The Tata Soulfull portfolio continued its strong trajectory during the quarter, led by distribution gains for the existing portfolio and new innovations.
Other updates • Soulfull saw its highest-ever quarterly revenue in modern trade which
was also its fastest-growing channel.
• Rock salt clocked its highest-ever monthly volumes in Jun’23.
• Both Tata Salt
Immuno (Zinc fortified) and Shuddh by Tata Salt
continued seeing strong traction with consumers
• Dry fruits had yet another strong quarter growing 100%+.
Note: all numbers in the grey panel are for Q1FY24, and growth is vs Q1FY23 unless specified otherwise 1 Source: Nielsen – Value share, Moving Annual Total (MAT) basis Jun’23 vs Jun’22
24 24
NourishCo (100% Subsidiary)
National Campaign
I
G N M A G
Tata Gluco+ National campaign
293Cr
Revenue*
Performance commentary • The business recorded strong revenue growth of 60% during the quarter, on an elevated base (Q1FY23 growth was 110%), and despite adverse weather conditions.
• Our flagship drink Tata Gluco+ registered a growth of 61%. Tata
Copper+ continues to do well and recorded a growth of 71%.
• Profitability for the business improved significantly led by lower costs
and operating leverage.
C V T y l l
e J P G T
+60%
Revenue growth
Other updates
• GTM expansion and capacity addition drive continues to build
national footprint.
• Tata Gluco+ Jelly saw its highest production and sale in Jun’23 on the
back of capacity ramp-up.
• Seen a strong initial response to NPDs - Tata Spring Alive as well as
Tata Coffee Cold Brew.
10 mil
Cases each of Tata Gluco+ and Tata Copper+
Building Himalayan Spreads
Note: all numbers in the grey panel are for Q1FY24, and growth is vs Q1FY23 unless specified otherwise
2525
Tata Coffee (inc Vietnam ex EOC) (~58% Subsidiary)
+11%#
Revenue Growth
+31%
Plantations Revenue Growth
Performance commentary • Revenue for the quarter grew 11%# led by the plantations business.
• The plantations business recorded 31% revenue growth during the quarter, primarily led by higher Arabica sales and coffee trading revenues.
• Overall extractions business grew 2%# YoY, due to unprecedented
inflation in coffee prices impacting demand.
• The Vietnam business performed well, with strong sales and improved
profitability, supported by increased sales of premium products.
• Profitability for the business improved driven by higher realization and
lower costs.
Other updates
+2% #
Extractions Revenue Growth
• The process of obtaining regulatory approvals for
the proposed merger of TCPL with Tata Coffee is underway. The matter is currently in the final stages of the process with the NCLTs.
• Tata Coffee Vietnam received the “Food Safety Excellence Award” from the Confederation of Indian Industry at the 13th CII Food safety awards.
Note: all numbers in the grey panel are for Q1FY24, and growth is vs Q1FY23 unless specified otherwise # Tata Coffee including Vietnam in constant currency terms. Does not include EOC
26 26
Tata Starbucks (JV)
Tata Starbucks’ national campaign “It starts with your name” reached 78 million customers.
16
Net new stores opened during the quarter
Performance commentary
• Revenue for the quarter grew 21% YoY.
• Added 16 new stores and entered 4 new cities during the quarter.
• The business remained EBIT positive, despite strong store addition.
‘
We entered 4 new cities during the quarter including Agra and Aurangabad
348
Total stores
46
Cities present
Other updates • Following the success of our pilot to enhance the relevance of Tata
Starbucks to more consumer segments, the program was rolled out in select stores nationally and supported by a national-level campaign.
• My Starbucks Rewards loyalty program tender was at 25%.
27
International operations
UK
USA
Canada
•
•
•
Revenue for the quarter grew 1% in constant currency terms (reported revenue growth of 6%).
All three of our brands, Tetley, Teapigs, and Good Earth gained value market share.
Benefits of restructuring are beginning to flow through.
•
•
•
Coffee revenue for the quarter declined 5%^ due to lapping of price increases as well as continued softness in the coffee category.
Tetley continued its outperformance vs the mainstream black category during the quarter.
Teapigs growth significantly outpaced the specialty tea category growth in volume and value terms.*
•
•
•
Revenue for the quarter declined 7%^ driven by tea category softness.
Tetley continued to outperform the regular tea category during the quarter.
Confirmed the listing for Live Teas 2.0 launch in Metro and Walmart.
Revenue growth^
+1%
Value market share* (everyday black)
19.4%
Coffee revenue growth^
Tea revenue growth^
Coffee bags market share*
-5%
-3%
4.1%
Revenue growth^
Revenue growth in specialty tea^
-7%
-13%
Value market share* (overall tea)
27.5%
Note: all numbers in the grey boxes are for Q1FY24, and growth is vs Q1FY23 unless specified otherwise ^ Constant currency * Nielsen – Value share, Moving Annual Total (MAT) basis – Jun’23
2828
Tetley’s transformation in the UK Project Andromeda
TCP UK launched the new Tetley tea with a superior blend, plant-based tea bags, and recyclable packaging, delivering a step-change in future-proofing the business and driving the sustainability agenda.
Better Product
Better Factory
Better Planet
Superior blend
State-of-the-art facility
Improved packaging design & logo
Stand-out secondary packaging
Patented manufacturing process for tea bags that don’t split in the mug
100% Green energy
Zero-waste-to-landfill
100% recyclable box
Plant-based tea bags
No plastic outers unlike key competitors
Designed to be 25% smaller vs key competitors, resulting in lower carbon footprint
29
29
Performance Highlights – Q1FY24
Standalone
(in ₹ Cr)
Consolidated
(in ₹ Cr)
2,077
239
2,316
3,327
414
3,741
+12%
+12%
[11%]
Consolidated Revenue at Rs 3,741 Crs
• The India business grew 16%.
• Constant Currency
(CC)
growth
in
the
International Business was 3%, It was -4% on a
like-to-like basis (excluding acquisitions).
• The non-branded business grew 5% in CC
terms.
Q1FY23
Growth
Q1FY24
Q1FY23
Growth
Q1FY24
Consolidated EBITDA at Rs 547 Crs (+19% YoY)
and EBITDA margin at 14.6%
87
547
•
India business EBITDA grew 19% YoY. EBITDA
margin expanded 45bps, mainly driven by an
307
49
356
460
+16%
+19%
Q1FY23
Growth
Q1FY24
Q1FY23
Growth
Q1FY24
improvement in gross margin.
•
International business EBITDA grew 9% YoY.
The EBITDA margin was higher by 80bps mainly
due to strong cost control.
• EBITDA for the non-branded business grew 18%.
EBITDA margin expanded 200bps mainly due to
better realizations.
31 31
m o r f
e u n e v e R
s n o i t a r e p o
A D T B E
I
[ ] constant currency growth
Financials: Standalone and Consolidated
Standalone
Q1FY24
Q1FY23
Change %
Profit and Loss statement
(all nos. in ₹ Crores)
Consolidated
Q1FY24
Q1FY23
Change %
2316
356
15.4 %
318
13.7 %
379
(5)
(89)
285
2077
307
14.8%
272
13.1%
319
(11)
(75)
233
12 %
16 %
Revenue from operations
EBITDA
%
17 %
EBIT
%
19 %
PBT before exceptional items
Exceptional items
23 %
Tax
PAT
%
Group Net Profit (incl. JVs & Associates)
Net Profit at Rs 285 Crs, up 23% YoY led by: • • •
Revenue growth of 12%, Margin improvement driven by price increases taken in salt Lower exceptional costs and higher net finance income on account of higher yields and higher deployment
3,741
547
14.6 %
465
12.4 %
495
(5)
(131)
359
9.6 %
338
3,327
460
13.8 %
387
11.6 %
403
(24)
(103)
277
8.3 %
277
12 %
19 %
20 %
23 %
30 %
22 %
Group Net Profit at Rs 338 Crs, up 22% YoY led by: • •
Revenue growth of 12%, EBITDA margin expansion led by price increases taken in Salt and International business and higher realisation in non-branded business. Lower exceptional costs and higher net finance income partly offset by adverse performance of APPL
•
32
32
Segment-wise Performance Q1FY24
Particulars
Segment Revenue
Segment Results
₹ Cr
Q1 FY24 Q1 FY23
Change
Q1 FY24 Q1 FY23
Change
India Business
2,478
2145
16%
International Business
895
837
7%
Total Branded Business
3,373
2,982
13%
Non Branded Business
Others / Unallocated items
377
(9)
352
(7)
7%
328
116
444
50
(5)
Total
3,741
3,327
12%
489
273
104
378
20%
11%
18%
39
27%
(38)
379
29%
Revenue – Branded business
73% India Business
27% International Business
Segment results – Branded business
74% India Business
26% International Business
33 33
To conclude
Macros
We continue to see improving demand trends for our core categories and remain cautiously optimistic going forward, subject to rural
recovery and a normal monsoon.
While global inflation begins to plateau, category demand trends in our key International markets need to be monitored.
Business
In Q1FY24, we delivered double-digit topline growth with EBITDA margin expansion.
The interventions we put in place for our India tea business have yielded positive results resulting in volume-led growth. However, the volume growth is still below our medium-term aspiration.
In Salt business, despite steep price increases taken earlier, we have seen volume growth. Growth for the salt business in the remainder of FY24 will be led by volumes and premiumization.
Our ‘growth businesses’ have been on a strong growth trajectory and have increased their contribution significantly over the last couple of years.
Nourishco (our RTD business) continued its standout performance despite adverse weather conditions.
Our JV, Tata Starbucks recorded a 21% growth during the quarter and now has 348 stores across 46 cities.
In the international business, pricing actions and structural interventions have led to a sequential improvement in margins for 3 quarters now. However, demand softness continues to be an area to watch.
Post NCLT approval, we expect to complete the integration of the Tata Coffee business in this financial year.
Our EBITDA margin improved despite continuing investments in new businesses. Going forward we will continue to stay focused on driving
profitable growth.
3535
Q&A
Quarter Ended June’20
3636
Shareholding information
Quarter Ended June’20
Stock data
BSE Ticker
NSE Ticker
500800
TATACONSUM
Market Capitalization (Jun 30, 2023)
₹ 799.8 bn
Number of Shares Outstanding
929.0 Mn
Pattern as on 30th June, 2023
Others 6%
Individual 20%
MFs/ UTI/ AIFs 6%
Insurance Companies/ Banks 9%
Promoter and promoter Group 34%
Foreign Institutional Investors 25%
3838
Thank You
For more information Institutional investors – Contact Nidhi Verma Head – Investor Relations & Corporate Communication nidhi.verma@tataconsumer.com
Kaiwan Olia Manager – Investor Relations Kaiwan.olia@tataconsumer.com
Retail investors - Contact investor.relations@tataconsumer.com
Call us at +91-22-61218400
For media queries nidhi.verma@tataconsumer.com satya.muniasamy@tataconsumer.com
Last 10-year financials are available on Historical financial data
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