Tata Consumer Products Ltd (NSE:TATACONSUM)
₹ 1215.25 14.4 (1.2%) Market Cap: 1.20 Til Enterprise Value: 1.21 Til PE Ratio: 102.69 PB Ratio: 7.29 GF Score: 88/100
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Q4 2024 Tata Consumer Products Ltd Earnings Call Transcript

Apr 24, 2024 / 06:30AM GMT
Release Date Price: ₹1096.52 (-5.39%)

Key Points

Positve
  • Tata Consumer Products Ltd (BOM:500800) reported a 9% increase in top-line revenue for Q4 FY '24, with a 10% increase for the full year.
  • India Foods segment showed strong growth, with a 20% increase in revenue, including Capital Foods, and 11% like-for-like volume growth.
  • International business saw a 7% revenue growth, with a significant improvement in profitability.
  • The company achieved a consolidated EBITDA growth of 24% and margin expansion of 170 basis points to 15.3%.
  • Strong performance in modern trade and e-commerce channels, contributing 25% to the business, with significant growth in new SKUs and premium salt sales.
Negative
  • India Beverages segment experienced flat volumes with only a 3% revenue growth.
  • The company reported exceptional items of over INR 200 crores, leading to a negative 27% reported group net profit for the quarter.
  • NourishCo's growth was subdued due to the delayed onset of summer, resulting in lower-than-expected revenue.
  • The U.S. Coffee segment faced significant volatility in coffee prices, impacting revenue and profitability.
  • The company experienced a marginal share loss in the India business on a MAT basis, with softness in tea market share.
Operator

Ladies and gentlemen, good day, and welcome to the Q4 FY '24 Earnings Conference Call of Tata Consumer Products Limited, hosted by ICICI Securities. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Manoj Menon from ICICI Securities. Thank you, and over to you, sir.

Manoj Menon
ICICI Securities Limited, Research Division - Research Analyst

Hi, everyone. As always, it's our absolute pleasure at ICICI Securities to host the results conference call of Tata Consumer Products. A wonderful good morning, good afternoon, good evening to you, depending on the part of the world you are joining from.

Now handing over the call to Nidhi Verma from the management for the introduction and for further proceedings. Thank you.

Nidhi Verma
Tata Consumer Products Limited - Head of IR & Corporate Communication

Thank you, Manoj. Thanks for hosting us. Welcome, everyone to the Q4 and FY '24 conference call for Tata Consumer. I am joined by Mr. Sunil D'Souza,

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