Q3 2026 Tata Consumer Products Ltd Earnings Call Transcript
Key Points
- Tata Consumer Products Ltd (BOM:500800) reported a 15% revenue growth for the quarter, with India-branded business showing a 15% volume growth.
- The Salt segment experienced a strong quarter with 14% revenue and 15% volume growth due to targeted consumer pricing and trade promotions.
- Growth businesses, which account for 30% of the company's portfolio, grew by 29%, with Tata Sampann achieving a 45% growth driven by volume.
- Consolidated EBITDA increased by 26%, with margins expanding by 60 basis points quarter-on-quarter and 120 basis points year-on-year to 14.2%.
- The company launched 15 new products during the year, with innovation contributing to 4.8% of sales, nearing their target of 5%.
- The international business margins remain impacted by US coffee pricing, despite some improvements from pricing interventions.
- Non-Branded business margins contracted due to the absence of inventory gains and fair valuation gains from the previous year.
- The tea segment saw only a 3% volume growth, which is below the company's target, attributed to competition and market conditions.
- The company faced challenges in the US market due to tariffs impacting 20% of Capital Foods' international business.
- International margins are not yet at normative levels, with the full impact of coffee cost increases not yet passed through.
Ladies and gentlemen, good day and welcome to Tata Consumer Products Q3 FY '26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Nidhi Verma, Head - Investor Relations and Corporate Communications. Thank you, and over to you.
Thank you so much and welcome, everyone, to the Q3 FY '26 results for Tata Consumer. As we usually do, we will first walk through the key highlights of the quarter for the first 10 to 15 minutes, and then we'll open the floor for Q&A.
Today, I'm joined in the room by Mr. Sunil D'Souza, Managing Director and CEO; Mr. Ashish Goenka, Group CFO; Mr. Ajit Krishnakumar, Executive Director and COO. I'll just draw your attention to the disclaimer statement, which is on your screen.
With that, I'll hand it over to Sunil.
'
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
