Tata Consumer Products reports 17% revenue growth in Q3

The Indian business exhibited impressive growth of 23 per cent year-on-year, supported by a 10 per cent organic increase

Tata Consumer Products Ltd. (TCPL) reported strong financial results for the third quarter and the nine months ending December 31, 2024. The company achieved a 17 per cent year-on-year increase in revenue to Rs 4,444 crore, with 9 per cent of this being organic growth. However, net profit fell by 6 per cent to Rs 282 crore due to higher interest costs and increased amortisation. Consolidated EBITDA remained flat at Rs 578 crore, impacted by rising tea costs.

The Indian business exhibited impressive growth of 23 per cent year-on-year, supported by a 10 per cent organic increase. Packaged beverages, particularly tea and coffee, contributed to this rise, with coffee seeing a notable 28 per cent growth. TCPL focused on innovation, launching products like Tata Tea Premium Care and Tetley’s instant green tea ready mix.

The India Foods division also posted strong figures, with a 31 per cent growth in revenue. Recent acquisitions, Capital Foods and Organic India generated over Rs 850 crore in combined revenue. Additionally, Tata Starbucks continued expanding, adding 16 new stores and reaching 473 locations across 74 cities.

Sunil D’Souza, Managing Director & CEO, expressed pride in the 17 per cent topline growth driven by the India Beverages and Foods segments. He highlighted the strong tea business, increasing market share in salt, and solid performance in the international market, positioning TCPL as the No. 2 branded tea player in the UK.

With a commitment to innovation, premiumisation, and channel expansion, Tata Consumer Products continues to strengthen its position in the fast-growing beverages and foods industry.