TATA CONSUMER PRODUCTS LIMITED has informed the Exchange about Investor Presentation
January 30, 2025
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: Investor Presentation on Unaudited Financial Results for the quarter and nine months
period ending December 31, 2024
Dear Sir/Madam,
In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting the Investor Presentation concerning the Unaudited Financial Results of the Company for the quarter and nine months period ending December 31, 2024.
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
We request you to take this on record and treat the same as compliance with the applicable provisions of the Listing Regulations.
Thanking you,
Yours Truly,
For Tata Consumer Products Limited
Delnaz Dara Harda Company Secretary & Compliance Officer ACS73704
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 December 2024
30th January 2025
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
Largest salt brand in India
2nd Largest tea brand in India
3rd largest tea brand in UK & largest tea brand in Canada
#1 natural mineral water brand in India
₹ 15.2k crore consolidated revenue in FY24 with a market cap of ~₹91k* Cr
Reach of 263mn+ households in India and distribute to 4mn retail outlets
National brand in pulses, spices, dry fruits and other staples
* As of 31st December 2024 # Does not include plantation workers
India’s leading Desi-Chinese brand
4th largest R&G coffee brand in USA
Leading organic F&B and herbal supplements brand
Among the top 10 FMCG companies in India
~4,500+ employees worldwide#
4
Executive Summary
▪ Consolidated revenue growth was 17% in Q3FY25 (9% organic). During the quarter,
o India Beverages1 grew 16% (+9% organic), with tea volumes growing 7% YoY.
o India Foods2 revenue grew 31% (+11% organic).
o International business3 recorded 8% revenue growth (4% in constant currency). Profitability improved significantly, +35% YoY.
▪
India Tea: Prioritizing long-term competitiveness resulted in robust volume growth during the quarter. Calibrated price increases undertaken across
the portfolio have helped partially offset significant increase in tea cost.
▪ Salt delivered a strong quarter post price increase with 7% value and 1% volume growth. Market share4 strengthened further, with 110 bps gain.
▪
Tata Sampann continued its strong performance with 23% growth. The RTD business improved MoM and delivered double-digit volume growth
while Capital Foods and Organic India continue to build momentum.
▪ Consolidated EBITDA was flat YoY with margin contracting 210 bps driven by significant inflation in tea costs in India. Assuming India tea margins at
Q3FY24 level, consolidated EBITDA margin for the quarter would have expanded 75-100 bps.
▪ Progress towards building a sustainable future continues with improvements in DJSI & Sustainalytics’ scores.
Note: Organic growth excludes Capital Foods and Organic India. 1 Includes Packaged Beverages, Ready-to-Drink (RTD), and Organic India revenues. 2 Includes Salt, Tata Sampann, Tata Soulfull, and Capital Foods revenues. Volume growth excludes Capital Foods. 3 Does not include the export revenues of Capital Foods and Organic India. 4 Source: Nielsen – MAT basis, Dec’24 vs Dec’23
66
Key Businesses Snapshot – Q3FY25
In ₹ Cr (unless specified)
Revenue
India Beverages
1,519
India Foods
1,391
Revenue growth
16% [9%]
31% [11%]
Constant currency growth
International
Non-Branded
Consolidated
1,107
8%
4%
446
9%
8%
4,444
17% [9%]
16% [8%]
Key Brands
Notes:
a) India Beverages includes Packaged Beverages, Ready-to-Drink (RTD), and Organic India revenues (including overseas revenue). [ ] denotes organic revenue growth, excluding the impact of Organic India.
b) India Foods Includes Salt, Tata Sampann, Tata Soulfull, Tata Sampann Yumside, and Capital Foods revenues. [ ] denotes organic revenue growth, excluding the impact of Capital Foods.
c) International includes International Tea and US Coffee businesses.
d) Non-Branded incl. solubles and plantations businesses.
e) Consolidated revenue after Inter-segment eliminations. [ ] denotes organic revenue growth, excluding the impact of Capital Foods and Organic India.
f) The classification of our businesses in the table above has been provided for historical context and differs from that disclosed in the segment information in our financial results.
8 8
Key Businesses Snapshot – 9MFY25
In ₹ Cr (unless specified)
Revenue
India Beverages
4,423
India Foods
4,105
Revenue growth
8% [2%]
30% [11%]
Constant currency growth
International
Non-Branded
Consolidated
3,111
8%
6%
1,409
20%
19%
13,010
15% [8%]
15% [7%]
Key Brands
Notes:
a) India Beverages includes Packaged Beverages, Ready-to-Drink (RTD), and Organic India revenues (including overseas revenue) w.e.f. 16th April 2024. [ ] denotes organic revenue growth, excluding the impact of Organic India.
b) India Foods Includes Salt, Tata Sampann, Tata Soulfull, Tata Sampann Yumside, and Capital Foods revenues. [ ] denotes organic revenue growth, excluding the impact of Capital Foods.
c) International includes International Tea and US Coffee businesses.
d) Non-Branded incl. solubles and plantations businesses.
e) Consolidated revenue after Inter-segment eliminations. [ ] denotes organic revenue growth, excluding the impact of Capital Foods and Organic India.
f) The classification of our businesses in the table above has been provided for historical context and differs from that disclosed in the segment information in our financial results.
9 9
Summary of Group Performance – Q3FY25
₹ 4,444 Cr.
₹ 578 Cr.
₹ 408 Cr.
₹ 287 Cr.
₹ 282 Cr.
₹ 881 Cr.
Revenue
EBITDA
PBT (bei)^
Group Net Profit (bei)^
Group Net Profit
Net Cash$
Growth (YoY)
17%
Margin
0%
13.0%
-20%
9.2%
-23%
6.5%
-6%
6.3%
Margin expansion (YoY)
-210bps
-430bps
-330bps
-160bps
EPS (Basic)
EPS growth (YoY)
^ before exceptional items.
2.87
-22.9%
2.82
-5.2%
$ Cash and cash equivalents (net of total borrowings) as of 31 December 2024.
* Group Net Profit (bei) and EPS (bei) growth rates differ on account of higher share of non-controlling interests in the previous year.
10 10
Summary of Group Performance – 9MFY25
₹ 13,010 Cr.
₹ 1,878 Cr.
₹ 1,297 Cr.
₹ 976 Cr.
₹ 938 Cr.
₹ 881 Cr.
Revenue
EBITDA
PBT (bei)^
Group Net Profit (bei)^
Group Net Profit
Net Cash$
Growth (YoY)
15%
Margin
11%
14.4%
-14%
10.0%
-10%
7.5%
-6%
7.2%
Margin expansion (YoY)
-60bps
-340bps
-210bps
-170bps
EPS (Basic)
EPS growth (YoY)
^ before exceptional items.
9.95
-8.4%
9.57
-3.8%
$ Cash and cash equivalents (net of total borrowings) as of 31 December 2024.
* Group Net Profit (bei) and EPS (bei) growth rates differ on account of higher share of non-controlling interests in the previous year.
11 11
Refining our Strategic Priorities
Then
Strengthen & accelerate core business
Explore new opportunities
Unlock synergies
Create a future-ready organization
Drive digital & Innovation
Embed sustainability
Now
Strengthen core & accelerate growth businesses
Build on new opportunities
Drive execution excellence everyday
Create a future-ready organization
Drive digital & innovation
Embed sustainability
13
Strengthen core & accelerate growth businesses
India Business – Fueling our brands across platforms
Q3 FY25 A&P-to-Sales*
6.7%
MAT Market share – Salt
Value +110 bps1
MAT Market share – Tea
Value -20 bps1
* India business 1 Source: Nielsen – MAT basis, Dec’24 vs Dec’23
14 14
Strengthen core & accelerate growth businesses
‘Growth’ businesses – Momentum continues
Growth Businesses as a % of India Business
27%
Combined YoY revenue growth
18%
17%
Q3FY25
15%
10%
8%
6%
FY20
FY21
FY22
FY23
FY24
Q3FY24
Q3FY25
Includes overseas revenues for Capital Foods and Organic India. [ ] denotes organic growth, excluding Capital Foods and Organic India
15 15
Drive execution excellence everyday
Strengthening General Trade & driving channels of the future
1.3x
1.3x
1.1x
1.5x
Direct Reach
Modern Trade
Δ 1.8 m
Dec’24
Q3FY25 revenue growth*
E-commerce
Distributors
DSRs (Feet-on-street)
Super-stockists
Sub-distributors
Mar'24
Dec’24
Split-route scale up: Significant improvement in range selling.
New DMS, MAVIC, implementation across super-stockist network.
Automatic replenishment to maximize range selling and optimize Distributor inventory.
Q3FY25 revenue growth*
Food Services and Pharma channel rollout progressing as planned.
*Does not include Capital Foods and Organic India
16 16
Drive Digital & Innovation
Innovating across Convenience, Health & Wellness & Premiumization
Packaged Beverages
Ready-to-Drink
Foods
Capital Foods
1717
Embed sustainability
Striving towards a sustainable future
Sustainability Ratings
✓ Tata Consumer retains its ‘A’ rating in MSCI’s ESG Index for 2024.
✓ Dow Jones Sustainability Index (DJSI) score for 2024 improves to 65 (out of 100), versus 56 last year.
✓ Further improvement in Sustainalytics’ score.
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)
234
217
208
208
210
212
250
229
208
207
177
144
180
197
195
128
117
'
3 2 3 Q
'
3 2 4 Q
112
'
4 2 1 Q
133
109
128
117
102
106
'
4 2 2 Q
'
4 2 3 Q
'
4 2 4 Q
'
5 2 1 Q
'
5 2 2 Q
'
5 2 3 Q
217
214
146
285
220
245
222
221
186
185
119
156
122
174
118
190
149
'
4 2 1 Q
'
4 2 2 Q
'
4 2 3 Q
'
4 2 4 Q
'
5 2 1 Q
'
5 2 2 Q
'
5 2 3 Q
177
173
88
'
3 2 3 Q
93
'
3 2 4 Q
• North India tea prices came off the highs towards the end of the
• Extreme heat and prolonged drought
in Brazil's coffee-growing
plucking season but still remained elevated v/s last year.
regions have caused Arabica prices to continue their surge.
• South India tea prices were also higher YoY.
• Robusta prices remain elevated.
• Kenyan tea prices remain stable.
• Averages prices
for Q3 were 64%/86% higher YoY for
Arabica/Robusta, respectively.
Source: North India and South India tea auction (Tea Board of India) Mombasa tea auction (EATTA) | International Coffee Exchange
20
20
India Packaged Beverages
Performance commentary
• Revenue for the quarter grew 10%, with volumes growing 7%,
• Growth was broad-based across segments.
• Calibrated price increases implemented across the tea portfolio.
• Coffee continued its strong trajectory and grew 28% in Q3.
+10%
Net Revenue
+7%
Volume1
Other updates
• Tata Tea Premium introduced Tata Tea Premium Care, a flavorful tea
enriched with natural ingredients, to drive premiumization.
-20bps
Tea Market Share2
• Tetley launched a Rs. 2 sachet of Instant Green Tea Ready Mix in
select Tier 2 towns to drive category expansion.
• Tata Tea Gold celebrated Durga Puja by bringing alive the ‘Art of
Kumartuli’
• Chakra Gold launched a special edition Pushpa 2 pack as part of a
comprehensive 360° campaign.
1) Packaged beverages volume growth. 2) Source: Nielsen – MAT basis (value), Dec’24 vs Dec’23.
22 22
India Foods
+31%
Revenue Growth
Performance commentary
• Salt revenue grew 7% driven by pricing and modest volume growth.
• Value-added salts continued their strong momentum and grew 31%.
• Tata Sampann had another strong quarter, with 23% growth, bringing
YTD growth to 28%.
• The dry fruits portfolio has achieved an annualized run-rate (ARR) of over Rs. 100 crs. while Tata Simply Better’s cold press oils have achieved an ARR of ~Rs. 50 crs.
Other updates
• Tata Salt relaunched Sendha+ offering consumers a superior and trusted
alternative in mass-premium segment.
• Tata Salt Immuno was awarded the 2024 Breakthrough Innovation Award
by NielsenIQ.
+11%
Organic Revenue Growth1
+1%
Volume Growth2
+110bps Salt Market Share3
1) Organic Revenue Growth excludes Capital Foods. For more details on Capital Foods, refer to slide 25. 2) 3)
Volume growth excludes Capital Foods. Source: Nielsen – MAT basis, Dec’24 vs Dec’23
23 23
Ready-to-Drink (RTD)
RTD Business – YoY Volume Growth
4 2 ' r p A
'
4 2 y a M
'
4 2 n u J
4 2
' l
u J
'
4 2 g u A
'
4 2 p e S
4 2 ' t c O
'
4 2 v o N
'
4 2 c e D
Performance commentary
• During the quarter, the RTD business recorded a volume growth of
14%, with a notable growth of 39% in December.
• However,
revenue for
the quarter declined 2% owing to the
recalibration of trade pricing.
• The premium business grew 12% in Q3 and contributed to 15% of the
total RTD business.
• Tata Copper+ recorded 21% revenue growth, significantly up from the
previous quarter.
Other updates
•
Innovation momentum continues with the scale up of Tata Coffee Grand cold coffee and launch of TGP Jelly Lychee flavor.
• E-com. including Q-Com, registered a strong volume growth of 42%
driven by brand activations and NPDs.
158Cr
Revenue
+14%
Volume growth
+21%
Tata Copper+ revenue growth
24 24
Capital Foods & Organic India
Quarterly net sales trajectory
216Cr
Capital Foods Revenue
93Cr
Organic India Revenue
47.3%
Combined Gross Margin
Performance commentary
• Combined 9MFY25 sales for Capital Foods and Organic India crosses
Rs. 850 cr.
• Capital Foods: The run rate continues to improve with expansion into
white spaces and build-up of the Food Services channel.
• Organic India: Now listed in all major modern trade banners and
pharmacy chains.
• Food Services pilot successful; now being rolled out
to 16 cities.
Pharma pilot roll out extended to 40 markets.
Other updates
• Engagement for Capital Foods via top impact properties continues full
steam – Saregamapa, Big Boss, Indian Idol, etc.
• Activation of
top outlets for Organic India commenced during the
quarter with various consumer initiatives.
• Brand collab: PepsiCo’s Kurkure teams up with Ching’s Secret for
new Schezwan Chutney variant.
25 25
Q1'24
Q2'24
Q3'24
Q4'24
Q1'25
Q2'25
Q3'25
Q1'24
Q2'24
Q3'24
Q4'24
Q1'25
Q2'25
Q3'25
Capital Foods
Organic India
Non-branded Business
Performance commentary
• Revenue for the quarter grew 8%# led by strong coffee realizations in
the plantations business which grew 36% YoY.
• The solubles business grew 2%# as multi-decadal high coffee prices
continued to impact demand.
• EBIT margin for the non-branded business expanded 880bps YoY.
Other updates
• Arabica and Robusta bean prices remain near their all-time highs; a
key monitorable.
+8%#
Revenue Growth
+2%#
Solubles Revenue
# Non-branded business including Vietnam in constant currency terms.
26 26
Tata Starbucks (JV)
16
Net new stores opened during the quarter
Performance commentary
•
Improving demand trends resulted in an 8% YoY growth in Q3. Sequentially, sales grew 10%.
• Store network expansion continued with 16 new stores (net) during the
quarter. Total store count stands at 473 as of Dec’24.
• Expansion in East India was dialed up, with store launches in Patna,
Ranchi, Jamshedpur, Bilaspur, and Gangtok.
473
Total stores
74
Cities present
Other updates
• Classic Menu Launch: Developed based on insights into Indian taste preferences and consumption patterns. Promising trends observed in initial trials and repeat purchase behaviors.
• The Diwali 360-campaign garnered a media reach of over 40m.
• Monsoon Malabar, a reserve small
lot coffee was launched
exclusively for the Indian market.
27
International operations
UK
USA
Canada
➢ Revenue for the quarter was flat (reported growth +7%). YTD, the business has grown 7% (reported growth +11%).
➢ US coffee continued to accelerate its
growth trajectory, up 5%.
➢ The US tea business registered a growth of
➢ The Canada business returned to growth this quarter as supply normalized post Tetley's transition to new and improved sustainable packaging.
➢ Operating margin for the quarter remained
4%.
robust.
➢ Strengthened no. 2 position in the UK.
➢ Good Earth was listed in Tesco.
➢ Eight O’Clock’s Original Blend won an award by Good Housekeeping in the ‘Legendary Roast’ category.
➢ Revenue for
the quarter grew 5% (+4% reported), with a 21% growth in specialty tea.
Revenue growth
0%
Coffee revenue growth
Value market share* Everyday black
20.0%
Tea revenue growth
Value market share* Fruit & herbal
9.5%
Coffee bags market share*
+5%
+4%
4.0%
Revenue growth
+5%
Revenue growth in specialty tea
+21%
Value market share* (overall tea)
26.8%
Note: All numbers in constant currency unless specified *Source: Nielsen – MAT basis, Dec’24 vs Dec’23
28 28
Performance Highlights – Q3FY25
Standalone
(in ₹ Cr)
Consolidated
(in ₹ Cr)
currency terms) to Rs 4,444 Crs.
Consolidated revenue grew 17% (16% in constant
571
3,200
2,629
3,804
640
4,444
acquisitions), growth was 10%.
•
India business grew 23%. Organically (net of
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
+22%
+17%
Q3FY24
Growth
Q3FY25
Q3FY24
Growth
Q3FY25
425
(99)
576
326
-23%
578
2
+0%
Q3FY24
Growth
Q3FY25
Q3FY24
Growth
Q3FY25
• Constant currency (CC) growth in the international
business was 4%.
• The non-branded business grew 8% in CC terms.
Consolidated EBITDA at Rs 578 Crs. (marginally
higher vs PY) with EBITDA margin at 13.0%.
• The India business EBITDA declined 19% YoY with
margin contracting 580 bps. Organically, EBITDA
declined 34% with margin lower by 680 bps.
•
International business EBTIDA grew 26% (CC)
YoY. EBITDA margin was 270 bps higher led by
price increases and lower input costs.
• EBITDA for the non-branded business grew 67%
(CC) with a margin expansion of 860 bps owing to
better realizations and fair value gains on inventory.
30 30
Performance Highlights – 9MFY25
Standalone
(in ₹ Cr)
Consolidated
Consolidated revenue grew 15% (15% in constant
(in ₹ Cr)
currency terms) to Rs 13,010 Crs.
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
1,512
9,448
1,731
13,010
7,936
11,279
+19%
+15%
9MFY24
Growth
9MFY25
9MFY24
Growth
9MFY25
1,216
(135)
1,081
1,692
186
1,878
•
India business grew 18%. Organically (net of
acquisitions), growth was 6%.
• Constant currency (CC) growth in the International
business was 6%.
• Non-branded business grew 19% in CC terms.
Consolidated EBITDA at Rs 1,878 Crs. (+11% YoY)
with EBITDA margin at 14.4%.
•
India business EBITDA declined by 2% YoY with a
margin contraction of 270 bps. Organically, EBITDA
declined 17% with a margin contraction of 350 bps.
•
International business EBTIDA grew 34% (CC)
YoY. EBITDA margin was 360 bps higher led by
-11%
+11%
price increases and lower input costs.
9MFY24
Growth
9MFY25
9MFY24
Growth
9MFY25
• Non-branded business EBITDA grew 70% (CC)
with a margin expansion of 720 bps owing to better
realizations and fair value gains on inventory.
31 31
Financials: Consolidated
Quarter ended Dec’24
Q3FY25
Q3FY24
Change %
Profit and Loss statement
(all nos. in ₹ Crores)
Year-to-date Dec’24
9MFY25
9MFY24
Change %
4.444
578
13.0 %
428
9.6 %
408
(6)
(102)
300
6.7 %
282
3,804
576
15.1%
490
12.9%
513
(92)
(106)
316
8.3%
302
17%
Revenue from operations
0%
EBITDA
%
-13%
EBIT
%
-20%
PBT before exceptional items
Exceptional items
-5%
Tax
PAT
%
-6%
Group Net Profit (incl. JVs & Associates)
13,010
1,878
14.4%
1,430
11.0 %
1,297
(50)
(274)
973
7.5%
938
11,279
1,692
15.0%
1,431
12.7%
1,513
(111)
(369)
1,033
9.2 %
1,003
15%
11%
0%
-14%
-6%
-6%
Group Net Profit (GNP) for Q3FY25 was Rs 282 Crs, down 6% YoY; GNP (before exceptional items) at Rs 287 Crs, declined 23% YoY.
Group Net Profit (GNP) for 9MFY25 was down by 6% YoY; GNP (before exceptional items) at Rs 976 Crs, declined 10% YoY.
❑ While Group revenues grew 17%, EBITDA remained flat as tea cost inflation led to a
contraction in operating margins.
❑ EBITDA grew 11% as higher revenues and improved margins for the international and non-branded businesses were offset by a contraction in India business margins.
❑ EBIT declined 13% given a higher amortization charge related to the acquisition of
❑ EBIT was flat given a higher amortization charge related to the acquisition of Capital
Capital Foods and Organic India.
❑ PBT(bei) declined 20% owing to higher interest costs.
Foods and Organic India.
❑ PBT(bei) declined 14% owing to higher interest costs.
32
32
Financials: Standalone
Quarter ended Dec’24
Q3FY25
Q3FY24
Change %
Profit and Loss statement
(all nos. in ₹ Crores)
Year-to-date Dec’24
9MFY25
9MFY24
Change %
3,200
326
10.2%
272
8.5%
640
-
(70)
570
2,629
425
16.2%
371
14.1%
396
(15)
(95)
285
22%
Revenue from operations
-23%
EBITDA
%
-27%
EBIT
%
62%
PBT before exceptional items
Exceptional items
Tax
PAT
100%
9,448
1,081
11.4%
920
9.7%
1,169
(25)
(167)
978
7,936
1,216
15.3%
1,049
13.2%
1,133
(35)
(293)
805
19%
-11%
-12%
3%
22%
Standalone net profit for Q3FY25 at Rs 570 Crs, grew 100%.
Standalone net profit for 9MFY25 at Rs 978 Crs, grew 22%.
❑ EBITDA declined 23% despite a 22% growth in revenues as operating margins were
❑ EBITDA declined 11% despite a 19% growth in revenues as operating margins were
impacted by tea cost inflation.
impacted by tea cost inflation.
❑ PBT (bei) however, increased 62% led by higher dividend income from subsidiaries
❑ PBT (bei) increased by 3%, driven by higher dividend income from subsidiaries (TCP
(TCP UK and TCP Capital), partly offset by higher interest costs.
❑ The effective tax rate for the quarter was lower YoY due to the receipt of non-taxable
dividends from subsidiaries.
UK and TCP Capital). This was partially offset by increased interest costs due to bridge financing for acquisitions and working capital borrowings.
❑ The effective tax rate for the period was lower YoY on account of a one-time credit on the merger of wholly-owned subsidiaries coupled with the receipt of non-taxable dividends from subsidiaries.
33
33
Segment-wise Performance Q3FY25
Particulars
Segment Revenue
Segment Results
₹ Cr
Q3 FY25 Q3 FY24
Change
Q3 FY25 Q3 FY24
Change
Revenue – Branded business
India Business
2,834
2,375
19%
International Business*
1,192
1,028
16%
Total Branded Business
4,026
3,403
18%
Non-branded Business
Others / Unallocated items
446
(29)
411
(10)
9%
210
167
377
93
368
109
477
-43%
53%
-21%
49
89%
70% India Business
30% International Business
(68)
(105)
Segment Results – Branded business
Total
4,444
3,804
17%
402
422
-5%
*International business includes the export sales of Capital Foods and Organic India worth Rs. 85 crs.
56% India Business
44% International Business
34 34
Segment-wise Performance 9MFY25
Particulars
Segment Revenue
Segment Results
₹ Cr
9M FY25
9M FY24
Change
9M FY25
9M FY24
Change
Revenue – Branded business
India Business
8,304
7,257
14%
779
1,028
-24%
International Business*
3,355
2,873
17%
509
320
59%
71% India Business
29% International Business
Total Branded Business
11,659
10,130
15%
1,289
1,348
-4%
Non-branded Business
1,409
1,176
20%
295
156
89%
Others / Unallocated items
(58)
(27)
(337)
(102)
Segment Results – Branded business
Total
13,010
11,279
15%
1,247
1,402
-11%
*International business includes the export sales of Capital Foods and Organic India worth Rs. 244 crs.
60% India Business
40% International Business
35 35
To conclude
▪ Continue to prioritize a longer-term competitive market position in the India tea business. As a result, the India packaged beverages
business delivered robust double-digit growth backed by strong volume growth – a multi quarter high.
▪ EBITDA margin was impacted by tea cost inflation; Assuming normative India tea margins (same as Q3FY24), the consolidated
EBITDA margin for the quarter would have expanded 75-100 bps.
▪
India foods, International, and non-branded businesses delivered another strong quarter of topline and market share.
▪ The trade pricing interventions in the RTD business revived volume growth with a strong sequential improvement month-on-month.
▪ Having stabilized the Capital Foods and Organic India businesses, the focus shifts to accelerating growth with innovations, food
services and pharma channels.
▪ Tata Starbucks witnessed improved growth, and new initiatives are showing promise.
37 37
Q&A
Quarter Ended June’20
38
Shareholding information
Pattern as on 31st December 2024
Others 4%
Individual 19%
MFs/ UTI/ AIFs 8%
Insurance Companies/ Banks 10%
Quarter Ended June’20
Stock data
BSE Ticker
NSE Ticker
500800
TATACONSUM
Promoter and promoter Group 34%
Market Capitalization (Dec 31, 2024)
₹ 905.1 bn
Number of Shares Outstanding
989.5 Mn
Foreign Institutional Investors 25%
4040
Thank You
For more information Institutional investors – Contact Nidhi Verma Head – Investor Relations & Corporate Communication nidhi.verma@tataconsumer.com
Kaiwan Olia Senior 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
tataconsumer.com
TataConsumer
tata-consumer-products/
tataconsumerproducts/
41