Tata Consumer Products (TATACONSUM) Q4 25/26 earnings summary

Executive summary

• Consolidated Q4 revenue grew 18% year-over-year, with India business UVG at 16% and full-year revenue surpassing INR 20,000 crore, up 15% year-over-year.

• India tea volumes rose 4% in Q4, but revenue declined 1% due to price cuts; salt revenue grew 12% with strong volume gains.

• Growth businesses exceeded INR 4,000 crore, growing 24% for the year and 33% in Q4.

• International business delivered 11% constant currency growth in Q4, led by U.S. coffee; non-branded business up 41% in Q4.

• Board recommended a dividend of Rs. 10 per share for FY26, subject to shareholder approval.

Financial highlights

• Q4FY26 consolidated revenue: ₹5,434 Cr (+18% YoY); EBITDA: ₹796 Cr (+27% YoY, margin 14.6%).

• FY26 consolidated revenue: ₹20,290 Cr (+15% YoY); EBITDA: ₹2,815 Cr (+12% YoY, margin 13.9%).

• Group Net Profit for Q4FY26: ₹424 Cr (+22% YoY); FY26: ₹1,547 Cr (+20% YoY).

• Adjusted EPS for FY26: ₹17.35 (+23% YoY); reported EPS at ₹15.59.

• Net cash position at ₹2,978 Cr as of March 31, 2026.

Outlook and guidance

• Management confident of delivering double-digit top-line growth and EBITDA ahead of top line.

• Margin expansion of 50-75 bps expected for FY 2027, with seasonality impacting quarterly progression.

• Continued focus on strengthening core brands, accelerating growth businesses, and driving innovation.

• Strategic priorities include digital transformation, sustainability, and execution excellence.

• The impact of new Indian Labour Codes is being monitored, with further adjustments to be made as rules are notified.