Tata Consumer Products Q4 Results: Gross Revenue at ₹ 3927 Crores, up 9%

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Synopsis:

With strong performance in Indian Business, which grew 10%, Tata Consumer Products’ Revenue from operations grew by 9% (8% in constant currency) as compared to the corresponding quarter of the previous year. With a consolidated EBITDA for the quarter at Rs 631 Crores which rose by 22%, and for the year at Rs 2323 Crores, rising by 24%, the company has seen a steady climb this quarter and the past year.

Introduction

Tata Consumer Products is home to well-loved brands like Tata Tea, Tetley, Tata Salt, Eight O’Clock Coffee, Himalayan Water etc. The company has only continued to get bigger and better in Q4 FY2023-24. Having gained much growth and success in the fourth quarter of this fiscal year, along with its annual performance, the company thrives on implementing growth initiatives across all its businesses. Due to these initiatives, Tata Consumer Products has also contributed greatly to the growth of the Indian economy. The Company has a consolidated annual turnover of Rs. 15,206 Crs with operations in India and International markets. 

Explore: Tata Consumer Product Share Price

5 Key Financial Highlights

Tata Consumer Products’ Q4 FY2023-24 results have been very significant this time around. These are the five key financial highlights of Tata Consumer Products Q4 results:

  • Gross Revenue at ₹15,206 Crore, rising 10% YoY 
  • EBITDA made a jump of 24% YoY reaching ₹2323 Crore
  • Profit before exceptional items for the quarter at Rs 509 Crores higher by 12%
  • Group Net Profit before exceptional items at Rs 427 Crores is up 46%
  • Profit before exceptional items for the year at Rs 2023 Crores, higher by 24%. 

Additional Read: Tata Consumer Products Ltd.

Key Business Updates:

  • India Packed Beverages had a revenue growth of 2% for the quarter
  • Tata Consumer Products continued as the market leader in tea on e-commerce platforms
  • Coffee also saw a revenue growth of 32%
  • Tata Coffee Grand was also a special partner of Koffee With Karan Season 8
  • The company also partnered with Tamil rap artist, Arivu, in the launch of his song ‘Kaapi Pattu’
  • Tata Starbucks added 29 new stores during the quarter and entered 6 new cities

Profitability Analysis:

In FY 24, Tata Consumer Products’ both their premium and sub-premium segments outperformed the overall business. This accounted for over two-thirds of India’s Tea revenue. Coffee saw a revenue growth of 45% in Q4 along with India Foods which saw a business growth of 20%. Tata Consumer Products’ sale & distribution also saw major growth expanding to reach 4 million outlets as of March ‘24. To add to this, 1300+ distributors were brought on board in FY24, primarily in Rurban markets. Q4 also saw the growth of international business by 7% with strong share gains across major retail partners in the UK.  

Additional Read: Quarterly Results

Major Financial Metrics - Consolidated Q4 (FY2023-24) Financial Results of Tata Consumer Products (in ₹ Crore)


Metrics

Three Month Ended

Year Ended

Q4 FY24

Q3 FY24

Q4FY24

Q4FY23

Revenue from Operations

3926

3803

15205.85

13783.16

Other Income

38.45

59.59

245.52

168.88

Total Income

3965.39

3863.51

15451

13952

Profit Before Tax

293.66

421.74

1695.72

1793.56

Group Consolidated Net Profit After Tax 

212.26

301.51

1215.40

1320.14

Tax Expenses

25.95

106.21

394.73

447.04

Inventory Turnover

5.60

5.58

5.56

5.55

Operating Margin %

13.13%

12.89%

12.80%

11.39%

Net Profit Margin %

5.41%

7.93%

7.99%

9.85%

The Future of Tata Consumer Products

With greater gains and revenue increase in Q4 for Tata Consumer Products, the company is looking forward to FY 2025 and is positive about achieving greater growth and expansion. The company has seen a strong growth momentum across all its businesses in both the Indian as well as International markets leading to a consolidated annual turnover of Rs. 15,206 Crores. The company has a digital transformation agenda that will help empower its distributors and salesforce with real-time data. This will help them make informed decisions, manage tasks effectively and, ultimately, drive business growth further. 

Additional Read: Annual Results

Conclusion

Achieving growth with every quarter and climbing the success ladder steadily at every turn, Tata Consumer Products has truly come a long way. The Company is only looking at getting bigger and better in FY2025 and ensuring that its consumers have the best experience every single time they decide to contribute to the company’s growth.

Results for the Fourth Quarter and Full Year Ended March 31, 2024

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Source: Tata Consumer Products Press Release on BSE

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