TATA CONSUMER PRODUCTS LIMITED has informed the Exchange about Investor Presentation
April 23, 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 400 001
Scrip Code – 500800
The Calcutta Stock Exchange Limited 7 Lyons Range Kolkata 700 001 Scrip Code – 10000027 (Demat) 27 (Physical)
Sub: Investor Presentation on Audited Financial Results for the quarter and year ended
March 31, 2025
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 Audited Financial Results of the Company for the quarter and year ended March 31, 2025.
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 to 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 ACS 73704
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 & year ended March 2025
23rd April 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
₹ 17.6k crore consolidated revenue in FY25 with a market cap of ~₹99k* Cr
Reach of 275mn+ households in India and distribute to 4.4mn retail outlets
National brand in pulses, spices, dry fruits and other staples
* As of 31st March 2025 # 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
5,000+ employees worldwide#
4
Executive Summary
▪ For Q4FY25, consolidated revenue grew 17% (12% organic). Organic UVG for the India branded business was 5.9%.
o India Beverages1 grew 17% (+9% organic), with tea volumes growing 2% YoY. o India Foods2 grew 27% (+17% organic). Salt volumes grew 5% YoY. o International business3 recorded 5% revenue growth (2% constant currency).
▪ For FY25, consolidated revenue grew 16% (9% organic). Organic UVG for the India branded business was 4.5% in FY25.
o India Beverages1 grew 10% (+3% organic), with 1% tea volume growth. o India Foods2 grew 29% (+13% organic). Salt volumes grew 4%. o International business3 was up 7% (5% constant currency).
▪
‘Growth’ businesses grew 24% (organic) in Q4FY25 and crossed Rs. 3,200 crores of revenue for the year, accounting for 28% of the India business in FY25.
▪ Consolidated EBITDA for the quarter declined 1% on account of higher input costs in the India and international businesses. For the year, EBITDA grew 8% to Rs. 2,502 crs; EBITDA margin for the year was 14.2%, down 110 bps, primarily impacted by tea cost inflation in India. Adjusted for tea inflation, EBITDA margin would have expanded c.80 bps YoY.
▪
41 new products launched during the year. Innovation-to-sales for India was 5.2% in FY25, up >6x since FY20 on a growing revenue base.
▪ Net working capital (NWC) reduced to 26 days as of March’25. Net working capital for the India business turned negative at (1) day.
▪ Final dividend of Rs. 8.25 per share.
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. 3 Does not include the export revenues of Capital Foods and Organic India.
66
Key Businesses Snapshot – Q4FY25
In ₹ Cr (unless specified)
Revenue
India Beverages
1,551
India Foods
1,464
Revenue growth
17% [9%]
27% [17%]
Constant currency growth
International
Non-Branded
Consolidated
1,104
5%
2%
501
25%
23%
4,608
17% [12%]
16% [11%]
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 – FY25
In ₹ Cr (unless specified)
Revenue
India Beverages
5,974
India Foods
5,569
Revenue growth
10% [3%]
29% [13%]
Constant currency growth
International
Non-Branded
Consolidated
4,215
7%
5%
1,910
21%
20%
17,618
16% [9%]
15% [8%]
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 – Q4FY25
₹ 4,608 Cr.
₹ 625 Cr.
₹ 484 Cr.
₹ 281 Cr.
₹ 349 Cr.
₹ 1,808 Cr.
Revenue
EBITDA
PBT (bei)^
Group Net Profit (bei)^
Group Net Profit
Net Cash$
Growth (YoY)
17%
-1%
-5%
Margin
13.6%
10.5%
-34%
6.1%
64%
7.6%
Margin expansion (YoY)
-250bps
-250bps
-480bps
220bps
EPS (Basic)
EPS growth (YoY)
^ before exceptional items.
2.84
-37.0%
3.49
54.4%
$ Cash and cash equivalents (net of total borrowings) as of 31 March 2025.
* Group Net Profit (bei) and EPS (bei) growth rates differ on account of the increased number of shares outstanding from the rights issue.
10 10
Summary of Group Performance – FY25
₹ 17,618 Cr.
₹ 2,502 Cr.
₹ 1,782 Cr.
₹ 1,252 Cr.
₹ 1,287 Cr.
₹ 1,808 Cr.
Revenue
EBITDA
PBT (bei)^
Group Net Profit (bei)^
Group Net Profit
Net Cash$
Growth (YoY)
16%
Margin
8%
14.2%
-12%
10.1%
-17%
7.1%
6%
7.3%
Margin expansion (YoY)
-110bps
-320bps
-290bps
-70bps
EPS (Basic)
EPS growth (YoY)
^ before exceptional items.
12.79
-16.8%
13.06
7.0%
$ Cash and cash equivalents (net of total borrowings) as of 31 March 2025.
* Group Net Profit (bei) and EPS (bei) growth rates differ on account of 1) higher share of non-controlling interests in the previous year, and 2) the increased number of shares outstanding from the rights issue.
11 11
Strategic Priorities
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
A&P-to-Sales*
Q4FY25
7.1%
FY25
7.2%
MAT Market share – Salt
Value +30 bps1
MAT Market share – Tea
Value -40 bps1
* India business 1 Source: Nielsen – MAT basis, Mar’25 vs Mar’24
14 14
Drive execution excellence everyday
Building omni-channel capabilities
3x
2x
Modern Trade
E-commerce
Q4FY25 26%*
FY25 18%*
Q4FY25 66%*
FY25 57%*
x
x
CAGR (FY21-25) 19%
CAGR (FY21-25) 43%
4x
2x
Mar'21
Mar'25
Mar'21
Mar'25
Mar’25 Direct Reach 2m
Mar’25 Total Reach 4.4m
*Does not include Capital Foods & Organic India
x
x
FY21
FY25
FY21
FY25
15 15
Strengthen core & accelerate growth businesses
‘Growth’ businesses cross INR 3,200 crs1 of revenue in FY25
Growth businesses: YoY revenue growth
Q4 FY25
+66% [+24%]
FY25
+76% [+18%]
Consistent growth
Growth Businesses as a % of India Business*
5x
4.7x
28%
3.8x
18%
15%
10%
8%
6%
X
X
X
FY20
FY25
FY21
FY25
FY21
FY25
FY20
FY21
FY22
FY23
FY24
FY25
CAGR (FY20-25) 31%
CAGR (FY21-25) 49%
CAGR (FY21-25) 47%
1) Includes Capital Foods and Organic India including their international operations. *Includes overseas revenues for Capital Foods and Organic India. [ ] denotes organic growth, excluding Capital Foods and Organic India
16 16
Drive Digital & Innovation
New product launches in Q4
Beverages
Foods
Capital Foods
Soulfull
Organic India
1717
Embed sustainability
Striving towards a sustainable future
FY 24
FY 23
FY 22
FY 21
65
56
55
30
ESG Risk Exposure – Medium
ESG Risk Management – Strong
29.99 Medium Risk
30.63 High Risk
26.00 Medium Risk
2022
2023
2024
Consistent ESG rating despite an expanding scope of business
Robust risk management leading to an improved ESG risk outlook
Improving scores YoY given better performance and transparency
18
Embed sustainability
Distinct improvement in Thematic Sustainability assessments
2024
2023
Improving water security rating and consistent climate change rating YoY
Tata Consumer Products was included in the S&P Global Sustainability Yearbook, 2025
1919
5 years of TCPL: Driving consistent profitable growth
Revenue – India Branded
Revenue – International
Revenue – Consolidated
115.7
54.0
32.7
42.2
176.2
96.4
FY20
FY25
FY20
FY25
FY20
FY25
FY25 +19%
CAGR 16%
FY25 +7%*
CAGR 5%*
FY25 +16%*
CAGR 13%*
Cons. EBITDA
Cons. Group Net Profit
25.0
FY25
13.1
FY20
12.9
FY24
4.6
FY20
FY25 +8%
CAGR 14%
FY25 +6%
CAGR 23%
All figures in INR billion *INR terms
20
Unlocking efficiencies while delivering shareholder returns
Net working capital (NWC) days
EPS
India business NWC at -1 day
50
FY20
26
FY25
5.0
FY20
13.1
FY25
Operating cash flow to EBITDA
Steady dividends (Rs. per share)
92%
FY20
101%
FY25
FY25
FY24
FY23
FY22
FY21
8.25
7.75
8.45
6.05
4.05
21 21
21
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)
217
208
208
210
212
250
229
208
207
197
195
180
133
109
128
117
102
106
217
214
146
215
152
137
144
128
'
3 2 4 Q
112
'
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
'
5 2 4 Q
374
246
285
245
222
220
221
186
'
5 2 1 Q
'
5 2 2 Q
'
5 2 3 Q
'
5 2 4 Q
173
185
156
93
'
3 2 4 Q
119
122
'
4 2 1 Q
'
4 2 2 Q
174
118
'
4 2 3 Q
190
149
'
4 2 4 Q
• North India tea prices came off the highs given the lean season, in
• Arabica prices continued to surge during the quarter with prices
line with the yearly trend.
peaking at above $c 400/lbs.
• South India tea prices came off sequentially as well.
• Robusta prices also remain elevated.
• Kenyan tea prices remain stable.
• Averages prices
for Q4 were 97%/65% 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
23
23
India Packaged Beverages
Performance commentary
• Revenue for the quarter grew 9%, with volumes growing 2%.
• Revenue for the year grew 4% with a 1% volume growth. 5-year
CAGR stood at 8%.
• Further price increases were implemented across the tea portfolio in a
calibrated manner.
• Coffee continued its strong trajectory and grew 44% in Q4, bringing
FY25 growth to 33%.
+9%
Net Revenue
+2%
Volume1
Other updates
• Continue to remain leaders in the E-commerce channel with a 42%
value market share.
-40bps
Tea Market Share2
• Tata Tea Premium introduced a new Care variant and actively
supported its launch through marketing efforts.
• Tata Tea Gold launched All-in-1 instant tea premix to offer consumers
their favorite tea in a convenient format.
1) Packaged beverages volume growth. 2) Source: Nielsen – MAT basis (value), Mar’25 vs Mar’24.
25 25
India Foods
Performance commentary
• Salt revenue grew 13% in Q4 driven by a mid-single digit volume
growth as well as pricing.
•
•
In FY25, salt revenues grew 8% with a volume growth of 4%.
In line with the company’s premiumization agenda, value-added salts grew 31% in Q4 and 31% in FY25.
• Tata Sampann finished the year on a strong note with a 30% YoY growth in Q4. Full-year revenue growth for Tata Sampann was 29%.
• Tata Soulfull grew 32% in FY25.
Other updates
• Tata Salt Iron Health, double-fortified with Iron and Iodine, relaunched at an accessible price point to tackle widespread iron deficiency in India.
• Tata Salt won 11 renowned Industry awards for its 'Namak ho Tata ka,
Tata Namak' campaign at the prestigious EMVIES 2025.
+27%
Net Revenue
+17%
Organic Revenue Growth1
+6%
Volume2
+30bps Salt Market Share3
1) Organic Revenue Growth excludes Capital Foods. For more details on Capital Foods, refer to slide 28. 2) 3)
Volume growth excludes Capital Foods. Source: Nielsen – MAT basis, Mar’25 vs Mar’24
26 26
Ready-to-Drink (RTD)
Value Growth – Improving trajectory
Q1FY25
Q2FY25
Q3FY25
Q4FY25
Performance commentary
• During the quarter, the RTD business recorded a volume growth of 17%, notably revenue growth was 10%; up from -2% in Q3, showing a continued sequential improvement.
• RTD volumes for the year grew 13%. FY25 revenue stood at Rs. 835
crs, up 2% YoY, primarily impacted by trade price actions.
• The premium business grew 29% in Q4. For the year, the premium
segment grew 19%.
• Tata Copper+ recorded a 23% revenue growth in Q4, bringing FY25
growth to 18%.
Other updates
• The RTD business strengthened its portfolio with the launch two new
Tata Gluco+ flavors (Berry Blast and Green Apple).
• Tata Lyfe Alkaline water was launched during the quarter to cater to the growing consumer demand for premium, functional, and health- oriented beverages, especially in the bottled water category.
212Cr
Net revenue
+17%
Volume
+23%
Tata Copper+ revenue growth
27 27
Capital Foods & Organic India
Performance commentary
• Capital Foods and Organic India grew 19%1 in FY25 on a combined
basis (including international operations).
• For the year, the combined revenue of Capital Foods and Organic
India came in at Rs. 1,173 crs.
• Combined gross margin at 50% for Q4 and 49% for the year is
significantly accretive to the base India businesses.
• New channels of Food Services and Pharma continue to be rolled out
and delivering in line with expectations.
Other updates
•
Innovation momentum for Capital Foods continued with the launch of Ching’s Secret Momo Chutney and Rs 10 instant noodles.
• Organic India’s innovation pipeline was kicked off with the launch of
two new products, Desi Khandsari Sugar and Gokshura.
213Cr
Capital Foods Revenue
109Cr
Organic India Revenue
50%
Combined Gross Margin
1) On a like-for-like basis including pre-acquisition revenue.
28 28
Non-branded Business
Performance commentary
• Revenue for the quarter grew 23%# YoY, led by strong realizations in
both, the solubles and plantations businesses.
• The solubles business grew 12%# even as multi-decadal high coffee
prices continued to impact demand globally.
• Plantations delivered a robust 60% YoY growth in Q4.
• FY25 has been a record year for the non-branded business with
revenue growing 20%# and operating profit growing 63%# YoY.
Other updates
• Coffee prices remain near all-time highs; a key monitorable going into
FY26.
+23%#
Revenue Growth
+12%#
Solubles Revenue
# Non-branded business including Vietnam in constant currency terms.
29 29
Tata Starbucks (JV)
Performance commentary
• Revenue for the year grew 5%. Growth improved sequentially, with 7%
growth in H2 vs 3% in H1.
• Store network expansion continued with 58 net new stores added in FY25. Notably, the café footprint was expanded to 80 cities, vs 61 at the end of last year.
6
Net new stores opened during the quarter
479
Total stores
80
Cities present
Other updates
• Celebrated 100 stores in the city of Mumbai with a 360-degree
campaign.
• Achieved the milestone of opening 50 stores in Bengaluru and
launched the city's first drive-thru store.
• Recognized as the ‘Best Workplaces For Women’ By Great Place To
Work in the large companies’ category, 2024.
30
International operations
Performance commentary
• Revenue for international operations grew 2% (constant currency) in
Q4FY25.
+2%#
Net revenue
• For the year FY25, revenue was up 5% (CC) with all geographies demonstrating growth. South Africa and the Middle East delivered exceptional performances, both growing over 20% for the year.
• For the full year, EBIT grew 21% with margin expanding 190bps,
primarily driven by a 350 bps expansion in UK’s operating margin.
12.6%
EBIT margin
#Constant currency
Other updates
• Enhanced distribution and routes-to-consumer have expanded the
brand portfolio reach across markets.
•
•
Integration of Capital Foods & Organic India’s international operations has opened further opportunities for growth outside the core beverages business.
Investment efficiencies and extended capabilities for the future.
in product and manufacturing facilities has driven
31
International operations
UK
USA
Canada
➢ Revenue for the quarter declined 7%.
In
FY25, the business grew 3%.
➢ FY25 EBIT grew 31%; resulting in 350 bps
operating margin expansion.
➢ Teapigs and Good Earth continued to deliver sustained growth as extended distribution resulted in strong sales growth.
➢ The US tea business registered a strong
➢ Revenue for the quarter grew 5%.
15% growth during the quarter.
➢ US coffee grew 3% in Q4FY25.
➢ For the year, overall US revenue grew 2%
with EBIT growing 11%.
➢ Eight o’clock gained market share during
the 2nd half of the year.
➢ The Canada business had another good
year with FY25 revenues growing 5%.
➢ Expanding the portfolio by introducing select India-based World Foods products to diversify beyond beverages.
Revenue
-7%
Coffee revenue growth
Value market share* Everyday black
19.8%
Tea revenue growth
Value market share* Fruit & herbal
9.7%
Coffee bags market share*
+3%
+15%
4.0%
Revenue growth
Revenue growth in specialty tea
+5%
+2%
Value market share* (overall tea)
26.8%
Note: All numbers in constant currency unless specified *Source: Nielsen – MAT basis, Mar’25 vs Mar’24
32 32
Performance Highlights – Q4FY25
Standalone
(in ₹ Cr)
Consolidated
(in ₹ Cr)
constant currency) to Rs 4,608 Cr.
Consolidated revenue increased by 17% YoY (16% in
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
681
4,608
acquisitions) stood at 13%.
❑ India Business grew 22% YoY; organic growth (excluding
2,773
581
3,354
3,927
+21%
+17% [16%]
Q4FY24
Growth
Q4FY25
Q4FY24
Growth
Q4FY25
392
(53)
339
631
(6)
625
❑ International Business reported a 2% YoY growth (CC).
❑ Non-Branded Business grew 23% YoY (CC).
Consolidated EBITDA stood at Rs 625 Cr, a 1% decline
YoY, with an EBITDA margin of 13.6%.
❑ India Business EBITDA declined 6% YoY, with margin
contracting by 360bps, largely led by higher tea costs.
❑ International Business EBITDA declined 15% YoY (CC),
with margins down 310bps, driven by lower gross margins
and higher operating expenses.
-14%
-1%
❑ Non-Branded Business EBITDA grew 18% YoY, though
margins contracted 110bps, primarily due to higher
operating expenses, partially offset by fair valuation gains.
Q4FY24
Growth
Q4FY25
Q4FY24
Growth
Q4FY25
34 34
Performance Highlights – FY25
Standalone
(in ₹ Cr)
Consolidated
(in ₹ Cr)
currency) to Rs 17,618 Cr.
Consolidated revenue grew by 16% YoY (15% in constant
2,093
12,802
10,709
15,206
2,412
17,618
(excluding acquisitions) at 8%.
❑ India Business reported 19% growth, with organic growth
+20%
+16% [15%]
FY24
Growth
FY25
FY24
Growth
FY25
1,609
(189)
1,420
2,323
179
2,502
❑ International Business delivered 5% growth (CC).
❑ Non-Branded Business grew 20% YoY (CC).
Consolidated EBITDA stood at Rs 2,502 Cr, reflecting an
8% YoY increase, with an EBITDA margin of 14.2%.
❑ India Business EBITDA declined 3% YoY, with margin
contracting by 290bps, largely led by higher tea costs.
❑ International Business EBITDA grew 18% YoY (CC),
with a margin expansion of 180bps, driven by price
increases and benign input costs.
-12%
+8%
❑ Non-Branded Business EBITDA rose 51% YoY (CC),
with a margin expansion of 510bps, supported by
improved realizations and fair valuation gains.
FY24
Growth
FY25
FY24
Growth
FY25
35 35
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
Financials: Consolidated
Quarter ended Mar’25
Q4FY25
Q4FY24
Change %
Profit and Loss statement
(all nos. in ₹ Crores)
4.608
625
13.6%
471
10.2%
484
45
(123)
407
8.8%
349
3,927
631
16.1%
516
13.1%
509
(216)
(26)
268
6.8%
212
17%
-1%
Revenue from operations
EBITDA
%
-9%
EBIT
%
-5%
PBT before exceptional items
Exceptional items
52%
Tax
PAT
%
64%
Group Net Profit (incl. JVs & Associates)
Year ended Mar’25
FY25
17,618
2,502
14.2%
1,902
10.8%
1,782
(5)
(396)
1,380
7.8%
1,287
FY24
Change %
15,206
2,323
15.3%
1,946
12.8%
2,023
(327)
(395)
1,301
8.6%
1,215
16%
8%
-2%
-12%
6%
6%
Group Net Profit (GNP) stood at Rs 349 Cr, an increase of 64% YoY. GNP (before exceptional items) was Rs 281 Cr, reflecting a 34% YoY decline.
Group Net Profit (GNP) increased by 6% YoY. GNP (before exceptional items) stood at Rs 1,252 Cr, reflecting a 17% YoY decline.
❑ EBITDA declined as margins contracted, primarily due to tea cost inflation in India and
higher coffee costs in the US. This was partially offset by improved realizations in the non-branded business.
❑ EBITDA grew 8% YoY, supported by higher revenue and margin expansion in the International and Non-Branded businesses. This was partially offset by margin contraction in the India business.
❑ EBIT declined 9% YoY, largely driven by amortization expenses related to acquisitions.
❑ EBIT declined 2% YoY, primarily due to amortization expenses related to acquisitions.
❑ Profit Before Tax (before exceptional items) declined 5% YoY, as lower EBIT was
❑ Profit Before Tax (before exceptional items) declined 12% YoY, driven by higher
partially offset by higher net interest income.
interest costs.
36
36
Financials: Standalone
Quarter ended Mar’25
Q4FY25
Q4FY24
Change %
Profit and Loss statement
(all nos. in ₹ Crores)
3,354
339
10.1%
284
8.5%
279
80
(82)
277
2,773
392
14.2%
345
12.5%
404
(167)
(87)
150
21%
Revenue from operations
-14%
EBITDA
%
-18%
EBIT
%
-31%
PBT before exceptional items
Exceptional items
Tax
PAT
85%
Year ended Mar’25
FY25
12,802
1,420
11.1%
1,204
9.4%
1,448
55
(248)
1,255
FY24
Change %
10,709
1,609
15.0%
1,395
13.0%
1,537
(202)
(380)
955
20%
-12%
-14%
-6%
31%
Standalone Net Profit stood at Rs 277 Cr, marking a strong 85% YoY increase.
Standalone Net Profit for the year stood at Rs 1,255 Cr, reflecting a 31% YoY increase.
❑ EBITDA declined 14% YoY, despite a 21% growth in revenue, as margins were
❑ EBITDA declined 12% YoY, despite 20% revenue growth, primarily due to tea cost
impacted by tea cost inflation in India.
inflation in India.
❑ Profit Before Tax (before exceptional items) declined 31% YoY due to lower other
income.
❑ The effective tax rate was lower, driven by tax-neutral exceptional gains.
❑ Profit Before Tax (before exceptional items) declined 6% YoY, impacted by higher interest costs related to bridge financing for acquisitions and working capital borrowings, partially offset by dividend income received from a subsidiary.
❑ The effective tax rate was lower, benefiting from a one-time credit arising from the
merger of wholly-owned subsidiaries and non-taxable dividend income.
37
37
Segment-wise Performance Q4FY25
Particulars
Segment Revenue
Segment Results
₹ Cr
Q4 FY25 Q4 FY24
Change
Q4 FY25 Q4 FY24
Change
Revenue – Branded business
India Business
2,937
2,480
18%
International Business*
1,194
1,052
13%
Total Branded Business
4,130
3,532
17%
Non-branded Business
Others / Unallocated items
501
(23)
402
25%
242
157
399
112
320
164
484
-25%
-4%
-18%
92
22%
71% India Business
29% International Business
(7)
19
(283)
Segment Results – Branded business
Total
4,608
3,927
17%
530
294
80%
*International business includes the export sales of Capital Foods and Organic India worth Rs. 90 crs.
61% India Business
39% International Business
38 38
Segment-wise Performance FY25
Particulars
Segment Revenue
Segment Results
₹ Cr
FY25
FY24
Change
FY25
FY24
Change
Revenue – Branded business
India Business
11,241
9,736
15%
1,021
1,348
-24%
International Business*
4,549
3,925
16%
667
485
38%
71% India Business
29% International Business
Total Branded Business
15,789
13,662
16%
1,688
1,832
-8%
Non-branded Business
1,910
1,577
21%
407
248
64%
Others / Unallocated items
(80)
(33)
(318)
(385)
Segment Results – Branded business
Total
17,618
15,206
16%
1,777
1,696
5%
*International business includes the export sales of Capital Foods and Organic India worth Rs. 333 crs.
60% India Business
40% International Business
39 39
To conclude
❑ Delivered strong growth across India, international, and non-branded business during the year despite a tough operating environment.
❑ India tea business saw 4% growth in FY25 with strong performance in H2FY25, up 10% YoY driven by strong execution.
❑ India Foods had another strong year, up 29% (+13% organic), driven by broad-based performance across salt, Sampann and Soulfull.
❑ Growth businesses ended the year with over Rs. 3,200 crs. of revenue, accounting for 28% of India business.
o Tata Sampann finished the year on a strong note. FY25 revenue growth for Tata Sampann was 29%.
o The interventions in the RTD business have led to strong sequential improvements and a return to positive value growth in Q4.
o Capital Foods and Organic India continue to show steady progress, with a focus on accelerating growth through innovation and
expanding distribution—particularly in the food service and pharma channels.
o The newly incubated beverage vending business ended the year with a 5% market share.
❑ The international business delivered robust all-round performance with FY25 revenue up 5% (CC) and EBIT growing 21% (CC).
❑ The non-branded business had a record year with revenue growing 20% (CC) and operating profit growing 63% (CC) YoY.
❑ Tata Starbucks continues to be the largest organised café chain in India with 479 stores across 80 cities.
41 41
Q&A
Quarter Ended June’20
42
Shareholding information
Quarter Ended June’20
Pattern as on 31st March 2025
Others 5%
Individual 19%
Stock data
BSE Ticker
NSE Ticker
500800
TATACONSUM
Promoter and promoter Group 34%
Market Capitalization (Mar 31, 2025)
₹ 991.4 bn
Number of Shares Outstanding
989.5 Mn
MFs/ UTI/ AIFs 9%
Insurance Companies/ Banks 11%
Foreign Institutional Investors 22%
4444
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
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