Promising study on low-salt fasting-mimicking diet for chronic kidney disease
Consolidated EBITDA for the quarter at Rs 629 Crores, grew 11% and for six months EBITDA at Rs 1,300 Crores, grew 16%
Tata Consumer Products announced its results for the quarter and six months ended 30th September 2024.
For the quarter, Revenue from operations grew by 13 per cent (12 per cent in constant currency). Excluding acquisitions the growth is 5 per cent (4 per cent in constant currency). Consolidated EBITDA saw a growth of 11 per cent led by International and Non-Branded business. Profit before exceptional items and tax at Rs 424 Crores is lower by 16 per cent, primarily on account of finance costs and amortisation expenses relating to the acquisitions. The short-term debt taken for the acquisitions has now been paid off. Group Net Profit before exceptional items at Rs 388 Crores is higher by 3 per cent.
India Beverages Business
For the quarter, the India Beverages business revenue grew 3 per cent (-4 per cent excluding Organic India) impacted by the subdued demand environment.
Coffee continued its strong trajectory with a revenue growth of 29 per cent for the quarter.
Tata Tea Premium launched its hyperlocal 2.0 campaign in key markets- Uttar Pradesh, Punjab and Haryana.
Tata Tea Chakra Gold Leaf launched new premium packs in Andhra Pradesh, Telangana and Tamil Nadu.
The RTD (Ready To Drink) premium portfolio was strengthened with its recent launches- Tetley Kombucha and Tata Coffee Grand cold coffee.
Foods Business- Continued momentum in value-added salts, Tata Sampann had another strong quarter
For the quarter, the India Foods business revenue grew +28 per cent (+9 per cent excluding Capital Foods).
The value-added salt portfolio continued its strong momentum and grew 26 per cent during the quarter, with rock salt registering record volumes.
Tata Sampann’s portfolio continued its strong momentum and grew 26 per cent for the quarter. Whole Spices was launched under the Tata Sampann umbrella.
New acquisitions: Capital Foods and Organic India- Started realising strong synergy benefits
With the integration completed for the newly acquired businesses, there was a strong sequential growth of 25 per cent in Capital Foods and 45 per cent in Organic India.
Additionally, we are starting to realise strong synergy benefits in both businesses, with strong EBITDA margin expansion.
Building a future ready organisation- Continued momentum on innovation and sales & distribution
Momentum on innovation continued with a focus on value-added offerings. Below is a snapshot of some of the launches during the quarter.
Sales & Distribution infrastructure was further strengthened, with the implementation of an auto-replenishment system, centralised planning & dispatch and rollout of a new Distributor Management System to all distributors.
Channels of the future continued to fuel our growth and innovation agenda. The E-commerce channel grew 51 per cent and Modern Trade recorded 17 per cent growth in the quarter.
New channels- Food Services/HoReCa and Pharmacies are being incubated to fuel growth. Pilot rollouts are in progress.