Tata Consumer Products (TATACONSUM) Q3 24/25 earnings summary

Executive summary

• Consolidated revenue grew 17% year-over-year (9% organic), with India Beverages up 16% and India Foods up 31%.

• International business revenue increased 8% (4% in constant currency), with a 35% year-over-year swing in profitability.

• Group consolidated net profit for the quarter was Rs 282 Crores, down 6% year-over-year, impacted by higher finance and amortisation costs from acquisitions.

• Ready-to-drink (RTD) business rebounded, with December volume growth at 39% and double-digit growth for the quarter.

• Amalgamation of Tata Coffee Limited and other subsidiaries completed, with comparatives restated as per Ind AS 103.

Financial highlights

• Q3FY25 revenue: Rs 4,444 Crores (+17% YoY); EBITDA: Rs 578 Crores (flat YoY); PAT: Rs 282 Crores (-6% YoY).

• 9MFY25 revenue: Rs 13,010 Crores (+15% YoY); EBITDA: Rs 1,878 Crores (+11% YoY); PAT: Rs 938 Crores (-6% YoY).

• Profit before tax (before exceptionals) declined 20% year-over-year.

• Standalone net profit after tax: Rs 569.81 Crores, aided by Rs 390 Crores dividend income from overseas subsidiaries.

• Net cash position at Rs 881 Crores as of Dec 31, 2024.

Outlook and guidance

• Margin pressure from high tea costs expected to ease after Q1/Q2 as price hikes flow through and new crop arrives.

• Strategic focus on accelerating both core and growth businesses, with execution and cost takeouts prioritized.

• Capital Foods and Organic India expected to accelerate in Q4 as new channels and innovations roll out.

• Integration of recent acquisitions and amalgamations is ongoing, with restated comparatives reflecting business combinations.