Tata Consumer shares slumped following the release of its Q2 results
- The India Beverages segment reported a 3% decline in revenue and a 4% drop in volumes, driven by softer market demand, impacting overall performance.
- The ready-to-drink business, although fast-growing, faced challenges from competitive pricing pressures and unfavorable weather conditions.
- Growth businesses posted a 15% rise, while the tea business struggled due to subdued category trends.
- Group net profit rose 1% year-on-year (Y-o-Y) to Rs 367 crore.
- EBITDA stood at Rs 629 crore with margins contracting by 30 bps to 14.9%.
- Revenue grew 13% Y-o-Y to Rs 4,214 crore, boosted by acquisitions of Organic India and Capital Foods (excluding these, growth was 5%).
- Coffee business posted 29% revenue growth, while the India foods segment grew 28% (9% without Capital Foods).
- Strong performance from Tata Sampann (26% growth) and record volumes in rock salt.
- Tata Starbucks became India’s largest café operator with 457 stores.
- E-commerce grew by 51%, and modern trade by 17%.
- International revenue increased by 7%, with improved profitability in the UK.
| Subscribe To Our Free Newsletter |
