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Tata Consumer products reports strong Q2 Growth, driven by NourishCo and cost management
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Thursday, 06 November, 2025, 15 : 00 PM [IST]
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Our Bureau, Mumbai
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Tata Consumer Products Limited (TCPL) has announced robust financial results for the second quarter of the current fiscal year (Q2FY26), reporting an 11% year-on-year (YoY) increase in consolidated profit after tax (PAT) to ?404 crore. The company’s revenue from operations also surged by 17.8% YoY to ?4,966 crore, signaling strength across its diversified portfolio.
The India core business delivered double-digit growth in both tea and salt for the second consecutive quarter. However, a key growth driver for the quarter was its emerging business segments, particularly the Ready-to-Drink (RTD) portfolio under NourishCo. Management noted that the growth businesses are now a significant contributor to the India segment, with the overall food and beverage diversification strategy accelerating top-line expansion.
On the margin front, the company's EBITDA for the quarter stood at ?675 crore. TCPL is benefiting from more favorable procurement conditions. Management commentary suggests they expect benign tea prices going forward, with a significant YoY decline in raw tea costs providing stable margins and potentially supporting future profitability. This relief in tea input costs is crucial, as the company had previously faced margin pressure due to high commodity prices.
In addition to strong domestic performance, the international business continued its positive momentum, particularly driven by its coffee segment in the US. TCPL is accelerating innovation, with 25 new launches during the quarter across categories like Health & Wellness and Premiumisation. The company’s retail footprint is also expanding rapidly through the Tata Starbucks joint venture, which added 29 net new stores during the quarter, bringing the total count to 492 across 80 cities.
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