The consolidated revenue from operations rose to Rs 4,443.56 crore in the third quarter of the current fiscal (Q3FY25)
Driven by growth in the India Foods business, Tata Consumer Products, a fast-moving consumer goods (FMCG) major has marked a 17 per cent year-on-year (YoY) increase (nine per cent organic) in its consolidated revenue from operations in the third quarter of the current fiscal (Q3FY25). The revenue rose to Rs 4,443.56 crore in Q3FY25 as compared to Rs 3,803.92 crore in Q3FY24.
The consolidated net profit for the period (attributable to the owners of the parent) remained flat at Rs 278.88 crore in Q3FY25 as compared to Rs 278.87 crore in Q3FY24. However, the net profit dipped on a sequential basis from Rs 364.42 crore in Q2FY24.
The India business delivered a healthy performance during the quarter with a 23 per cent growth YoY (+10 per cent organic). For the quarter, India Beverages business revenue grew 9 per cent. The company said that coffee continued its strong trajectory with a revenue growth of 28 per cent for the quarter.
For the quarter, India Foods business revenue grew 31 per cent (+11 per cent excluding Capital Foods). The company stated that its value-added salt portfolio continued its strong momentum and grew 31 per cent during the quarter. Capital Foods and Organic India continued to build momentum with combined revenue crossing Rs 850 crore in the nine months of the current fiscal (9MFY25).
The International business revenue grew 8 per cent during the quarter. As far as the status of Tata Starbucks is concerned, the company stated that in line with its store addition plans, it added 16 net new stores during the quarter and entered four new cities. This brings the total number of stores to 473 across 74 cities.
“We delivered a topline growth of 17 per cent in Q3FY25, growth was broad-based with strong performance in India Beverages and Foods. During the quarter, we recorded robust double-digit growth in the India tea business, backed by strong volume growth. There has been continued momentum and market share gain in the India salt business and strong growth in Tata Sampann,” stated Sunil D’Souza, Managing Director and Chief Executive Officer (CEO) of Tata Consumer Products.
Impacted by significant inflation in India tea costs, the consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter stood at Rs 578 crore, flat YoY.
