Tata Consumer Products Q3 Results: Net profit drops 5% YoY to ₹300 crore | Stock Market News
Tata Consumer Products Q3 Results: The fast-moving consumer goods (FMCG) company Tata Consumer Products on Thursday reported a 5% decline in its consolidated net profit to ₹299.75 crore in Q3 of financial year 2-24-25 (FY 25) from ₹316 crore in the same period last year.
Meanwhile, the revenue from operations witnessed a 16.8% increase in consolidated revenue from operations to ₹4,444 crore as against ₹3,804 crore reported in the corresponding quarter last fiscal.
The company said excluding acquisitions its revenue grew 9% YoY, driven by underlying growth of 10% in India Business, 4% in International Business and 8% in Non-Branded Business.
Operating performance in India was impacted by tea cost inflation offset by an improvement in International and Non-Branded Business, said the Tata Group company, with the consolidated earnings before interest, tax, depreciation and amortisation coming in at ₹578 crore, flat YoY.
India Business Highlights
The India beverages business revenue grew 9% to a multi-quarter high, with the coffee segment witnessing a strong revenue growth of 28% for the quarter.
For the quarter, India foods business revenue grew 31% YoY, and 11% excluding the recently-acquired Capital Foods business.
The value-added salt portfolio continued its strong momentum and grew 31% during the quarter, said the consumer products company, adding that the Tata Sampann portfolio continued its strong momentum and grew 23% for the quarter.
International Business
In Q3 FY25, international business revenue grew by 8% YoY, with a significant improvement in profitability.
The business strengthened its second position in the UK in branded tea, Tata Consumer said.
Tata Starbucks Business Update
In line with our store addition plans, we added 16 net new stores during the quarter and entered 4 new cities. This brings the total number of stores to 473 across 74 cities, said the Tata Group company.
