India business recorded double-digit growth, enabled by strong growth in both core categories of tea and salt
Marking an improvement in its performance, Tata Consumer Products or TCPL has seen 15 per cent growth in its group net profit for the first quarter of the current financial year (Q1FY26). The group net profit rose to Rs 331.75 crore in Q1FY26 from Rs 289.25 crore in Q1FY25.
The financial results of the company revealed that the revenue from operations grew 10 per cent to Rs 4,779 crore in the recently concluded quarter. India business recorded double-digit growth; enabled by strong growth in both core categories of tea and salt, supported by underlying volume gains.
Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 615 crore during the quarter, marking a decline of 8 per cent due to higher tea costs in India and coffee price corrections in the non-branded business, the company said in a regulatory filing.
During the quarter, we recorded double-digit growth in the core India business across both tea and salt, backed by volume growth. In India, we continued to strengthen omnichannel capabilities, including food services and pharmacy, with channels of the future (ecommerce and modern trade), demonstrating robust growth,” highlighted Sunil D’Souza, Managing Director and Chief Executive Officer (CEO) of Tata Consumer Products.
In line with its store addition plans, Tata Starbucks added 6 net new stores during the quarter. This brings the total number of stores to 485 across 80 cities. The cold brew category continued to grow, contributing to a larger share of the beverage menu mix. For the quarter, the international business revenue grew 5 per cent in constant currency terms, driven by strong coffee performance in the United States of America (USA).
India packaged beverages business revenue grew 12 per cent during the quarter. Coffee continued its strong trajectory with a revenue growth of 67 per cent for the quarter, the company added. RTD (ready to drink) business was impacted by unseasonal rains and recorded a moderate volume growth of 3 per cent.
