Tata Consumer Products reported a net profit of Rs 359 crore, unchanged from the previous year. However, revenue for the three months ending September 30 rose by 13 per cent to Rs 4,214 crore, up from Rs 3,734 crore in the same period last year, according to an exchange filing on Friday.
Revenue from operations for the reported quarter reached Rs 4,214 crore, representing a 13 per cent increase from Rs 3,734 crore in the same quarter of the previous financial year. The company’s India beverages segment experienced a 3 per cent growth, although tea volumes fell by 4 per cent year-on-year. In contrast, the India Foods segment saw a significant revenue increase of 28 per cent (with a 9 per cent organic growth). Overall, volume growth for the reported quarter was 1 per cent, according to the company’s filing.
The international business reported a 7 per cent increase in revenue (5 per cent in constant currency), along with a profitability boost of over 53 per cent YoY.
Sunil D'Souza, Managing Director and CEO of Tata Consumer Products, said, "We delivered a topline growth of 13 per cent in Q2 FY25, with an EBITDA growth of 11 per cent. During the quarter, we recorded continued growth and market share gain in the India salt business, strong growth in Tata Sampann and Tata Soulful.”
“In India, we continued to strengthen our Sales and Distribution infrastructure with the rollout of a new Distributor Management system, centralised planning & dispatch capability and an auto replenishment system. Modern trade and e-commerce continue to be strong contributors to our growth. In addition, we are incubating new channels (Food Services/HoReCa and Pharmacies) to fuel growth,” he added.
On the same day, Tata Consumer's shares closed at Rs 1,097 apiece on the BSE, reflecting a 0.63 per cent increase.
In other news, Tata Trust chairperson and one of the most celebrated industrialists, Ratan Tata, took his last breath on October 9 at Mumbai’s Breach Candy Hospital at the age of 86.