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Tata Consumer Faces ₹98 Crore Tax Demand
14 Mar
Summary
- Tata Consumer received a ₹98.03 crore income tax demand for FY23.
- The company disputes the demand and plans to file an appeal.
- The tax assessment order was issued by Kolkata's Assistant Commissioner.
Tata Consumer Products has received a significant income tax demand totaling approximately ₹98.03 crore. This assessment order, issued on March 13, 2026, by the Assistant Commissioner of Income Tax in Kolkata, relates to the company's tax return for the financial year 2022-23. The demand includes accrued interest and stems from certain additions and disallowances made by the tax authorities.
The company, a prominent player in India's packaged food and beverage sector with brands such as Tata Tea, Tetley, and Tata Salt, has publicly stated its disagreement with the tax assessment. Tata Consumer Products asserts that the demand is "not maintainable" and is currently preparing to file an appeal against the order.
Despite the substantial tax demand, Tata Consumer Products has assured stakeholders that this matter will not have any immediate impact on its financial standing or day-to-day operations. The company reported consolidated revenues exceeding ₹15,000 crore in FY25 and is progressing towards a ₹20,000 crore revenue run rate by FY26.
