Tata Consumer Products shares decline 1.8% after Q1 net profit falls 8.2%; check details

The stock was down 1.8% at ₹1,173 apiece on the National Stock Exchange (NSE) in the early trade. It shed 1.5% to ₹1,175.1 on the BSE.

Tata Consumer Products Q1 results

The consolidated net profit attributable to the company's owners fell 8.2% to ₹290.3 crore in Q1 FY25, as against ₹316.5 crore in the year-ago period.

The FMCG giant reported a 16.3% increase in its revenue from operations to ₹4,352 crore in the latest June quarter as against ₹3,741.2 crore in the corresponding period last year.

The earnings before interest, taxes, depreciation, and amortisation or EBITDA stood at ₹667.4 crore for the quarter that ended June 30, 2024, while the margin was 15.3%.

In the June quarter, the overall branded business of Tata Consumer Products, formerly called Tata Global Beverages Limited, was up 14.5% year-on-year (YoY) to ₹3,861.5 crore.

The company's international business contribution was up 17% to ₹1,046.4 crore. Revenue from non-branded business also increased 32.7% to ₹500.5 crore.

Commenting on the results TCPL Managing Director & CEO Sunil D'Souza said, "Our growth businesses (Tata Sampann, RTD, Tata Soulfull, Tata SmartFoodz, Capital Foods, Organic India) recorded 66 per cent growth."

Tata Starbucks—a 50:50 joint venture between Starbucks Corporation and Tata Consumer Products Ltd—added 17 net new outlets during Q1 FY25 and entered four new cities, bringing the total number of stores to 438 across 65 cities.