Tata Consumer Products Ltd - 500800 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of schedule of Analyst/Institutional Investors call/meet14-02-2024
14-02-2024
Tata Consumer Products Ltd - 500800 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcripts of Conference Call pertaining to financial results for the quarter and period ended December 31, 202314-02-2024
Volume growth to be in focus as costs cool: Tata Consumer CEO
Tata Consumer Products anticipates a shift in focus from value growth to volume growth in the food and beverages sector as commodity costs stabilize.09-02-2024
Tata Consumer Products Ltd - 500800 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Copy of newspaper publication in enclosed09-02-2024
Tata Consumer Q3 FY24 Results Live : profit falls by 20.71% YOY
Tata Consumer Q3 FY24 Results Live : Revenue increased by 9.48% YoY & profit decreased by 20.71% YoY09-02-2024
Tata Consumer Products Ltd - 500800 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Intimation of schedule of Analyst/Institutional Investors call/meet08-02-2024
Tata Consumer Products Ltd - 500800 - Audio Recording Of Conference Call Pertaining To Financial Results For The Quarter And Period Ended December 31, 2023.
Audio Recording of Conference Call pertaining to Financial Results for the Quarter and Period ended December 31, 2023.08-02-2024
Tata Consumer Products Ltd. Results Earnings Call for Q3FY24
Conference Call with Tata Consumer Products Ltd. Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.08-02-2024
Tata Consumer Products Ltd - 500800 - Disclosure Under Regulation 30(5) Of The Listing Regulations
Disclosure under Regulation 30(5) of the Listing Regulations07-02-2024
Q3FY24 Quarterly & 9MFY24 Result Announced for Tata Consumer Products Ltd.
Packaged Foods company Tata Consumer Products announced Q3FY24 & 9MFY24 results: Financial Performance Summary Revenue from Operations: Reported at Rs 3,804 crore for the quarter, marking an increase of 9%. The consolidated revenue for the nine-month period stood at Rs 11,279 crore, reflecting an 11% increase. EBITDA: The consolidated EBITDA for the quarter reached Rs 576 crore, growing by 26%, and for the nine-month period, it amounted to Rs 1,692 crore, achieving a 25% growth. Profit Before Exceptional Items: For the quarter, profit before exceptional items was reported at Rs 513 crore, a 27% increase, while for the nine-month period, it was Rs 1,513 crore, up by 29%. Group Net Profit Before Exceptionals: It stood at Rs 372 crore, registering a 31% increase, driven by a strong operating performance. India Business Highlights Market Leadership: Retained market leadership in the E-commerce tea segment. India Packaged Beverages: Quarter revenue growth was at 4%. Coffee Performance: Notable revenue growth of 32% for the quarter. Distribution Expansion: Reached 3.9 million outlets as of December '23. Alternate Channels Performance: Modern Trade and E-commerce channels continued to support growth, with E-commerce accounting for 10.7% of the India business. International Business Highlights Revenue Growth: International business revenue saw an 11% increase (6% in constant currency). New Product Launches and Business Updates Sonnets by Tata Coffee: Launched new Easy Pour coffee packs and premium spices and honey. Tata Tea Premium: Strengthened its quality proposition with the 'No Compromise' TVC campaign. Tata Salt: Continued premiumization with a 23% revenue growth in its value-added portfolio and launched a new campaign highlighting the superiority of Tata Salt. Tata Sampann: Extended its Dry Fruits range and introduced A1 grade cooking soda. NourishCo: Recorded robust revenue growth with Himalayan, Tata Gluco+, and Tata Copper+ contributing significantly. Tata Starbucks Expansion New Stores: Added 22 net new stores, extending the footprint to 392 stores across 55 cities. International Coffee Week: Hosted virtual and in-store customer interactions. Mergers and Acquisitions Merger with Tata Coffee: The merger became effective from January 1, 2024. Acquisition of Capital Foods and Organic India: Will help expand the addressable market into high-growth and high-margin categories. Sunil D’Souza, Managing Director & CEO of Tata Consumer Products said, “We delivered strong operating performance with revenue growth of 9% and EBITDA growth of 26%. Our India tea business continued to benefit from our earlier interventions, yielding positive results resulting in a fourth consecutive quarter of volume-led growth. We continued to see volume-led growth in salt and recorded the highest ever quarterly volume market share in salt. In both tea and salt, we saw premiumization at play with the premium portfolio in tea and the value-added salt portfolio recording good growth. Our growth businesses (Tata Sampann, Tata Soulfull, NourishCo, and Tata SmartFoodz) continued their strong momentum and have steadily increased their contribution. Tata Starbucks made consistent progress in its expansion agenda expanding its footprint to 55 cities. Our Sales & Distribution buildout is progressing well, our total reach has expanded to 3.9 million outlets as of December ’23. We have been focused on driving depth in existing geographies and widening our distribution in lower population strata towns and rurban areas and will now focus on rural areas as well. Alternate channels (modern trade & e-commerce) recorded good momentum and continue to be instrumental to our growth agenda. We recently announced two acquisitions- Capital Foods and Organic India, which will enable us to expand our total addressable market into high-growth, high-margin spaces. Both these businesses are gross margin accretive, and we see potential to drive significant revenue and cost synergies over the medium term. We closed the Capital Foods transaction on 1st February and in line with our focus on execution, the first primary as well as secondary billing was done on 2nd February. Additionally, the front-end sales integration has been substantially completed already, with rest of the integration to be completed within the next 100 days.” Result PDF07-02-2024