Tata Consumer Reports Highest Topline Growth in 18 Quarters on Strong Domestic and Global Sales

Tata Consumer Products Ltd. reported its highest topline growth in 18 quarters during the July–September period, supported by strong sales in India and a recovery in international markets. Consolidated net profit rose nearly 11% on year to a little over ₹4 billion, while revenue increased 17.8% to ₹49.7 billion.

Domestic beverage revenue grew 15% on year to ₹15.9 billion, while foods revenue rose 19% to ₹16.3 billion. The non-branded business, comprising solubles and plantations, expanded 28% to ₹5.9 billion. Overseas revenue from the US, UK, and Canada increased 9% on year to ₹11.7 billion.

Profit before exceptional items and tax rose 23% on year to ₹5.2 billion due to higher operating profit and lower finance costs. EBITDA rose 7% on year to ₹6.8 billion, while the margin narrowed 130 basis points to 13.6%.

In India, both tea and salt businesses recorded double-digit growth for the second consecutive quarter, while the Tata Sampann foods portfolio grew 40% on year. The company launched 25 new products during the quarter across health, wellness, and convenience categories.

Beverage sales rose 12% on year in domestic tea and 56% in coffee, aided by lower auction prices. The ready-to-drink and packaged water portfolios grew 25% and 36%, respectively.

The foods division contributed 33% of the overall revenue, with salt sales up 16% and value-added salts rising 23%. The inorganic foods business, including Capital Foods and Organic India, grew 16% on year, though Capital Foods’ modern trade sales were temporarily impacted by the GST rate revision.

International operations recorded 9% constant-currency growth, led by strong coffee sales in the US and steady performance in Canada. UK revenue declined 5% due to a high base, though Teapigs and Good Earth brands continued to expand.

The Starbucks joint venture, where Tata Consumer holds 50% stake, reported 8% revenue growth and opened seven new stores in the quarter, bringing the total to 492 across 80 cities.

For the first half of 2025-26, Tata Consumer’s revenue rose 13.8% on year to ₹97.35 billion, and profit increased 12.8% to ₹7.4 billion.