Tata Consumer Products FY26 March-quarter profit rises 21.6% on broad-based volume growth

Tata Consumer Products Ltd (TCPL) reported higher profit and revenue for the March quarter of FY26. Consolidated net profit rose 21.6 per cent to Rs 424.02 crore, helped by volume growth. Revenue from operations increased 18 per cent to Rs 5,433.62 crore. Shares of Tata Consumer Products Ltd settled at Rs 1,175.95, up 2.04 per cent on BSE.

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Costs also moved up during the quarter. Total expenses climbed 15.9 per cent to Rs 4,844.81 crore. Total income, including other income, rose 17.6 per cent to Rs 5,486.18 crore. A year earlier, consolidated net profit stood at Rs 348.72 crore. Revenue from operations in that quarter was Rs 4,608.22 crore.

TCPL volume growth supports FY26 results

Ashish Goenka linked the performance to steady demand and said growth stayed broad-based. "This is the tenth consecutive quarter when TCPL has delivered a double-digit top-line growth, sustaining the momentum,\" Goenka told after earnings. Goenka added that the gains were driven by volumes. India recorded almost a 16 per cent underlying volume growth.

For the full FY26, TCPL profit increased 20.17 per cent to Rs 1,546.8 crore. Total consolidated income rose 14.84 per cent to Rs 20,455.18 crore. \"We delivered a strong finish to FY26 with another quarter of consistent double-digit topline growth. Performance was broad-based across our core and growth businesses, reflecting sustained momentum in execution, innovation and brand building,\" said Managing Director & CEO Sunil DSouza.

TCPL India business and branded business expand

Revenue from the India business rose 13.32 per cent to Rs 3,327.91 crore in the quarter. TCPL’s overall branded business grew 14.9 per cent to Rs 4,746 crore, from Rs 4,130.4 crore earlier. Branded operations cover tea, coffee, water, and other value-added categories. Revenue from non-branded business increased 42.7 per cent to Rs 714.41 crore.

Tea volumes rose 4 per cent, while prices fell during the period. \"Given the fact that tea prices have subsided, we have passed on the benefit to the consumer; therefore, the top-line came in at minus 1. But the volume was strong at 4 per cent growth. Salt is also having a great run,\" Goenka said. The ready-to-drink business posted 23 per cent topline growth and 28 per cent volume growth.

TCPL international business and Tata Starbucks update

International revenue stood at Rs 1,418.09 crore for the quarter. \"The international business recorded strong performance with revenue growth of 21 per cent 11 per cent in constant currency in Q4, reflecting the sustained strength of our execution across key markets,\" said DSouza. In the US, Eight OClock coffee gained market share and grew at more than double the category rate.

Tata Starbucks, a 50:50 joint venture between Tata Consumer Products Ltd and Starbucks Corporation, recorded another quarter of positive same-store sales growth. \"It has around 7 per cent growth,\" Goenka said. Goenka said performance improved sequentially and the business health strengthened. \"We had seen stress in the past quarters,\" Goenka said. Tata Starbucks had 502 stores across 80 cities.

Goenka said some export shipments faced disruption during the quarter. \"because of geopolitical events during the quarter, export sales were significantly impacted.\" Goenka pointed to Capital Foods and the Middle East export portfolio. \"We had a huge decline in Capital Foods. For example, on the export portfolio, a lot of it also goes to the Middle East. And some of the shipments were impacted,\" Goenka said.

TCPL dividend recommendation and product launches

TCPL said it maintained its innovation push through the year. The company made 80 new launches in FY26 across Health & Wellness, Convenience and Premiumisation. \"What we had done in the last 3-5 years, we have now been able to do in the last 2 years. And our innovation to sales ratio, I would say, is one of the best in class,\" Goenka said.

The board recommended a dividend of Rs 10 per equity share of Re 1 each, or 1,000 per cent, for FY 2025-26. TCPL’s quarterly performance reflected volume-led growth across several categories. It also showed higher costs and export challenges during the period. The company reported steady progress in India, international markets, and its joint venture café business.

With inputs from PTI