Tata Consumer Products has reported a 16.2% year-on-year increase in consolidated net profit to Rs 469.3 crore for the second quarter of FY27, beating the estimate of Rs 469 crore. Net profit stood at Rs 404.46 crore in the year-ago period.Revenue rose 14% to Rs 5,661 crore from Rs 4,966 crore a year earlier, ahead of the estimate of Rs 5,583 crore.
Earnings before interest, taxes, depreciation and amortisation, or EBITDA, increased 19.7% to Rs 804 crore from Rs 671 crore. The figure was higher than the estimate of Rs 769 crore.EBITDA margin expanded to 14.2% from 13.5% a year earlier, beating the estimate of 13.8%.
Tata Consumer Q2 (Cons, YoY)
- Revenue up 14% to Rs 5,661 crore vs Rs 4,966 crore
- EBITDA up 19.7% to Rs 804 crore vs Rs 671 crore
- EBITDA margin at 14.2% vs 13.5%
- Net profit up 16.2% to Rs 469 crore vs Rs 404 crore
Vs Estimates
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- Net profit: Rs 469.3 crore vs est. Rs 469 crore
- Revenue: Rs 5,661 crore vs est. Rs 5,583 crore
- EBITDA: Rs 804 crore vs est. Rs 769 crore
- EBITDA margin: 14.2% vs est. 13.8%
Segment Performance
- India business revenue up 17% YoY to Rs 3,666 crore
- India business EBIT up 14% YoY to Rs 409 crore
- International business revenue up 6% YoY to Rs 1,370 crore
- International business EBIT up 23% YoY to Rs 182 crore
The company recorded an exceptional expense of Rs 7.37 crore during Q2, relating to an adjustment in ‘contingent consideration paid on a business acquisition’.
Segment Breakdown
Tata Cons’ India Branded Business recorded volume growth of 11% in Q2, while India Business revenue increased 17% to Rs 3,666 crore from Rs 3,122 crore YoY. Segment EBIT rose 14% to Rs 409 crore from Rs 359 crore.
Salt revenue grew 15% during the quarter, while Tata Sampann continued its strong growth momentum, recording a 57% increase in revenue. India tea volumes remained flat amid subdued demand, tempering performance in the beverages segment. Tata Starbucks recorded its highest revenue in several quarters, supported by strong same-store sales growth (SSSG).
Revenue from International Business increased 6% YoY to Rs 1,370 crore from Rs 1,288 crore. Segment EBIT rose 23% to Rs 182 crore from Rs 148 crore.
The Non-Branded Business, which includes plantation and soluble tea, coffee and other produce, reported revenue of Rs 659 crore, up 12% from Rs 590 crore YoY.
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