Tata Consumer Products shares surge 5.5% post Q3 results; profit slips 6.5% YoY, check other details

The FMCG major on Thursday reported a 6.5% decline in its consolidated net profit to ₹281.92 crore for the third quarter of the current fiscal year.

According to a regulatory filing from TCPL, the company posted a consolidated net profit of ₹301.51 crore in the corresponding quarter of the previous fiscal.

Revenue from operations rose by 16.81% to ₹4,443.56 crore during the quarter under review. It was ₹3,803.92 crore in the year-ago period.

TCPL's "India Foods and International business delivered another strong quarter of topline and market share," the company said in its earnings statement.

Total expenses of TCPL in the December quarter were at ₹4,087.07 crore, up 22%.

Tata Consumer's total income, which includes other income, was at ₹4,495.16 crore, up 16.34%.

In the December quarter, TCPL's overall branded business was up 18.3% to ₹4,026.15 crore. It was ₹3,403.31 crore in the corresponding quarter last fiscal.

TCPL's branded businesses include tea, coffee, water, and other various value-added businesses.

Its revenue from the branded business in India was up 19.31% to ₹2,833.68 crore in the December quarter.

TCPL's international branded business was up 15.95% to ₹1,192.47 crore.

While its revenue from non-branded business was at ₹446.12 crore, up 8.66% during the quarter. This segment includes TCPL's plantation and extraction business of tea and coffee.

Commenting on the results, Managing Director & CEO Sunil D'Souza said, We delivered a topline growth of 17% in Q3 FY25; growth was broad-based with strong performance in India Beverages and Foods. During the quarter, we recorded robust double-digit growth in the Indian tea business, backed by strong volume growth. There has been continued momentum & market share gain in the India salt business and strong growth in Tata Sampann," he said.

TCPL's recent acquisitions—Capital Foods and Organic India—performed well and are expanding these businesses in the food service and pharma channels, respectively.

Tata Consumer Products share price

Shares of Tata Consumer Products have declined over 13% in the past 12 months.

Tata Starbucks -- a 50:50 joint venture between Tata Consumer Products Ltd and Starbucks Corporation -- continued to expand its stores across India with a total store count of 473 stores across 74 cities.

It added 16 net new stores during the quarter and entered 4 new cities.