Tata Consumer Products Limited announced its unaudited financial results for the quarter and nine-month period ending December 31, 2024.
On January 31, 2025, Tata Consumer share price (NSE: TATACONSUM) opened at ₹970.00, up from its previous close of ₹966.70. At 11:03 AM, the share price of Tata Consumer Products was trading at ₹1,000.70, up by 3.52% on the NSE.
The company reported a solid performance, with revenue from operations for Q3 FY25 standing at ₹4,444 crore, marking a 17% year-on-year growth, with 9% of that coming from organic growth.
The India business showed strong results, delivering a 23% YoY growth, with organic growth at 10%. The India packaged beverages segment grew by 10%, driven by a 7% increase in volumes. Additionally, Tata Consumer strengthened its salt market share by 110 basis points (MAT).
While the overall profitability for the quarter was impacted by the inflation in India tea costs, the international business experienced a 35% YoY improvement in profitability. The consolidated EBITDA for the quarter was ₹578 crore, remaining flat compared to the previous year.
The group’s net profit for the quarter was ₹282 crore, a 6% decline, primarily due to higher interest costs and increased amortization expenses.
Tata Consumer continued to focus on expanding its business through acquisitions, with Capital Foods and Organic India making substantial progress. Combined revenue from these acquisitions crossed ₹850 crore during 9M FY25. The company is also expanding its food services and pharma channels, with successful pilots now being rolled out to 16 cities and 40 markets, respectively.
Additionally, PepsiCo’s Kurkure collaborated with Ching’s Secret to launch a new Schezwan chutney-flavoured Kurkure, further enhancing Tata Consumer’s portfolio.
Commenting on the performance for the quarter, the Managing Director & CEO of Tata Consumer Products, Sunil D’Souza, said, “We delivered a topline growth of 17% in Q3 FY25, growth was broad-based with strong performance in India Beverages and Foods. During the quarter, we recorded robust double-digit growth in the Indian tea business, backed by strong volume growth. There has been continued momentum & market share gain in the India salt business and strong growth in Tata Sampann.”
He further added, “Channels of the future i.e. e-commerce and Modern trade continue to fuel growth momentum. Tata Starbucks recorded improved sequential performance and continued to expand its stores across India with a total store count of 473 stores across 74 cities.”
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Published on: Jan 31, 2025, 11:27 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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