BAJAJ BROKING
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.
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
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:
Additional Read: Tata Consumer Products Ltd.
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% |
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
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
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Source: Tata Consumer Products Press Release on BSE
Share this article:
Gold Price in India | Gold Rises 1% to $2,719 Ahead of U.S. PPI Data
12 Dec, 2024 | 39 Min. read
Coca-Cola Sells 40% Stake in Bottling Arm to Jubilant Bhartia Group
12 Dec, 2024 | 2 Min. read
Indian Overseas Bank Receives ₹808.3 Crore Income Tax Refund
12 Dec, 2024 | 2 Min. read
Shakti Pumps Secures ₹754.3 Crore Solar Water Pump Order in Maharashtra
12 Dec, 2024 | 2 Min. read
Vedanta to Consider Fourth Interim Dividend on December 16
12 Dec, 2024 | 2 Min. read
Share Market Today | Flat to Positive Start Expected for Indian Markets Amid Global Cues
12 Dec, 2024 | 4 Min. read
Securities Transaction Tax: Meaning & Charges
12 Dec, 2024 | 7 Min. read
International Gemological Institute India IPO Issue Date & Pricing
12 Dec, 2024 | 4 Min. read
How to Apply for International Gemological Institute India IPO?
12 Dec, 2024 | 3 Min. read
Robo Trading: Meaning, Examples, Features & Types
12 Dec, 2024 | 6 Min. read
India’s Leading Infrastructure Stocks for 2024
12 Dec, 2024 | 6 Min. read
India’s Leading Government Stocks in 2024
12 Dec, 2024 | 6 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading