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Tata Consumer Profit Soars 16% on Strong India Sales
26 Oct
Summary
- Profit grew 16% to Rs 470 crore, revenue up 14% to Rs 5,661 crore.
- India business saw 11% volume growth, driven by salt and growth segments.
- Tata Starbucks achieved 15% revenue growth with 505 stores across India.
Tata Consumer Products announced a significant 16% year-on-year increase in net profit for the September quarter of FY27, reaching Rs 470 crore. Revenue from operations also saw a healthy 14% rise, totaling Rs 5,661 crore.
The company's India business demonstrated strong momentum, with underlying volume growth of 11%. This expansion was primarily driven by the salt business, which reported a 15% revenue increase, and the company's "growth businesses" that collectively expanded by 40% year-on-year.
Key growth segments within India, including Tata Sampann and the ready-to-drink business, posted impressive revenue growth of 57% and 47%, respectively. Internationally, the business reported a 7% revenue growth.
Tata Starbucks in India also performed commendably, with revenue up 15% and the strongest same-store sales growth in multiple quarters. The joint venture concluded the quarter operating 505 stores across 81 cities in India.
