Tata Consumer Products (TATACONSUM) Q1 26/27 earnings summary

Executive summary

• Consolidated revenue grew 12% year-over-year to ₹5,349 crore, with India business underlying volume growth at 13%.

• Growth businesses delivered their best-ever quarter, up 47% and now account for 36% of India business; Tata Sampann up 58%, RTD up 41%, Capital Foods and Organic India up 35%.

• EBITDA increased 19% with margin expansion of 70 bps to 13.6%; net profit rose 29% to ₹427 crore.

• Starbucks revenue grew 11% year-over-year, with healthy same-store sales growth and four new cafés opened.

• 14 new product launches and a robust innovation pipeline supported growth.

Financial highlights

• Standalone revenue from operations rose 14% year-over-year to ₹4,028 crore; consolidated revenue grew 12% to ₹5,349 crore.

• EBITDA: ₹730 crore, up 19% YoY; margin expanded 70 bps to 13.6%.

• Net profit: ₹427 crore, up 29% YoY; Adjusted EPS: ₹4.67, up 25%.

• India business revenue: ₹3,540 crore (+13%); International: ₹1,343 crore (+17%); Non-branded: ₹498 crore (-7%).

• Segment margin improved to 11.1% for India and 13.0% for International.

Outlook and guidance

• Double-digit revenue growth expected to continue, with growth businesses targeting 30%+ annual growth.

• Margin expansion of 50-70 bps guided for the full year, driven by pricing actions and cost efficiencies.

• Salt business expected to maintain 5-7% growth; tea volume growth guidance remains mid-single digit.

• Starbucks projected to deliver high single-digit top-line growth through new stores and same-store sales.

• Continued focus on strengthening core brands, accelerating growth businesses, and driving digital and sustainability initiatives.