Tata Consumer Q2 Results: Profit rises 3% YoY to Rs 338 crore; revenue up 11%
Revenue from operations during the reporting second quarter jumped 11% year-on-year (YoY) to Rs 3,734 crore. The same was at Rs 3,363 crore in the last year quarter.
The revenue growth was driven by an underlying growth of 11% in the India business, 8% in the International business, and 3% in the non-branded business.
Consolidated EBITDA for the quarter stood at Rs 569 crore, up 30% YoY.
India business
For the quarter, the India packaged beverages business delivered 5% revenue growth and 3% volume growth.
Meanwhile, coffee continued its strong performance with a revenue growth of 17%.
The India Foods business registered 16% revenue growth and 6% volume growth. The value added salt portfolio recorded double-digit revenue growth during the quarter.
Tata Sampann portfolio saw a robust growth of 47% YoY.
International Business
For the quarter, the International business revenue grew 13% (8% in constant currency).
Starbucks
Tata Starbucks recorded strong revenue growth of 14% for the quarter.
A total of 22 new stores were opened during the quarter and entered 2 new cities. This brought the total number of Starbucks stores to 370 across 49 cities.
«We reached newer milestones in our sales and distribution build-out, expanding our total reach to 3.8 million outlets as of September 2023 while also improving throughput through focused initiatives in larger towns,» said Sunil D’Souza, MD and CEO, Tata Consumer.
On Tuesday, Tata Consumer shares ended 0.73% higher at Rs 900 on NSE.
