Tata Consumer Products Q1 Results: Profit Rises 15% But Misses Estimates
Margin narrows to 12.7% versus 15.3% in the year-ago period.
Tata Consumer Products Ltd.'s consolidated net profit rose 15% in the first quarter of fiscal 2026, missing analysts' estimates.
The FMCG company posted a bottom line of Rs 334 crore, according to an exchange filing on Wednesday. That compares with the Rs 355-crore estimate that analysts tracked by Bloomberg had projected.
TCPL Q1 FY26 Highlights (Consolidated, YoY)
Revenue up 9.8% to Rs 4,779 crore versus Rs 4,352 crore (Bloomberg estimate: Rs 4,813 crore).
Ebitda down 9% to Rs 607 crore versus Rs 667 crore (Estimate: Rs 648 crore).
Margin narrows to 12.7% versus 15.3% (Bloomberg estimate: 13.4%).
Net profit up 15.1% to Rs 334 crore versus Rs 356 crore (Bloomberg estimate: Rs 355 crore).
Business Updates
The firm's India business recorded a double-digit growth due to strong growth in core categories of tea and salt on the back of underlying volume gains, according to a press release.
The firm's Tata Sampann business that sells farm-based products like spices and pulses had its ready-to-drink business volume growth impacted by unseasonal rain. The company maintained that the business still continued "strong momentum" in growth.
Its international business similarly continued its growth momentum with a 5% constant-currency revenue growth. The company reported that its consolidated Ebitda declined 8% due to higher tea costs in India and coffee price corrections in the non-branded business.
The company also reported that its value-added salt portfolio continued its strong growth and grew 31% during the quarter. Its Tata Sampann portfolio grew 27% for the quarter. The company's dry fruits and cold pressed oil "continued to build on their growth momentum".
Shares of TCPL closed 1.92% lower at Rs 1,062.6 apiece on the NSE, compared to a 0.63% rise in the benchmark Nifty. The stock has fallen 15.53% in the last 12 months and 16.17% on a year-to-date basis.
