Tata Starbucks has added 12 net new stores during the quarter, taking the total number of stores to 504 across 81 cities
Marking a healthy improvement in its performance, Tata Consumer Products or TCPL has registered a 36 per cent year-on-year (YoY) uptick in its group net profit for the third quarter of the current financial year. The net profit rose to Rs 385 crore in Q3FY26.
The financial results of the company revealed that the revenue from operations for the quarter was at Rs 5,112 crore, up 15 per cent. Salt business recorded its fourth consecutive quarter of double-digit growth. India Tea business continued to grow with margins back in the normative range as the benefit of lower input costs was passed on to consumers.
Consolidated earnings before interest, taxes, depreciation and amortisation (ebitda) for the quarter was at Rs 728 crore, up 26 per cent. Tata Sampann accelerated its growth momentum and Ready-to-Drink (RTD) business delivered healthy performance, the company said in a regulatory filing.
“Q3FY26 marked another quarter of strong, broad-based performance for Tata Consumer Products, led by healthy volume-led growth and sustained momentum across our core as well as growth businesses. Our India branded business delivered double-digit underlying volume growth, with foods and beverages continuing on a strong trajectory driven by strong execution, portfolio expansion and premiumisation,” stated Sunil D’Souza, Managing Director and Chief Executive Officer (CEO), Tata Consumer Products.
For the quarter, India packaged beverages business revenue grew 3 per cent. Coffee continued its strong trajectory with a revenue growth of 40 per cent for the quarter. For the quarter, India Foods business revenue grew 19 per cent. Tata Sampann portfolio continued to build on its momentum and grew 45 per cent for the quarter with strong performance from new offerings and innovations.
For the quarter, the International business revenue grew 11 per cent in constant currency terms, led by strong coffee performance in the USA. In the USA, the coffee business registered strong growth. Eight O’Clock coffee continues to gain market share.
In line with its store addition plans, Tata Starbucks added 12 net new stores during the quarter. This brings the total number of stores to 504 across 81 cities. The key growth drivers for the quarter were Beverage collaborations with Baileys, continued innovation in the food program and the enhanced Diwali gifting portfolio.
With improving margins, disciplined execution and a sharper focus on high-growth categories, D’Souza said that the company remains confident in its strategy to build a more agile, innovation-led and profitable consumer business for the long term.
