Q1 2025 Tata Consumer Products Ltd Earnings Call Transcript
Key Points
- Tata Consumer Products Ltd (BOM:500800) reported a consolidated revenue growth of 16% in Q1 FY '25, with organic growth contributing 10%.
- India Foods segment showed strong performance with a 30% revenue increase, 14% of which was organic, and a 10% volume growth.
- The International business recorded a 10% revenue growth, with an 8% increase in constant currency and a 46% EBIT growth.
- Starbucks opened 17 new stores during the quarter, bringing the total to 438 stores, aligning with the company's expansion plans.
- The integration of Capital Foods and Organic India is progressing well, with expected synergies starting to materialize, contributing positively to EBITDA margins.
- India Beverages segment experienced only a 6% growth, with organic growth at a mere 1% and flat tea volumes year-on-year.
- The ready-to-drink business was negatively impacted by intense summer heat, affecting out-of-home single-serve sales.
- Group net profit before exceptionals decreased by 11% year-on-year to INR302 crores, and net profit fell to INR289 crores.
- The company faced challenges in the NourishCo segment, with tactical pricing decisions delayed and out-of-home consumption impacted by the heat wave.
- The non-branded business, despite strong revenue growth, faced volatility in commodity prices, particularly in tea and coffee, which could impact future margins.
Ladies and gentlemen, good day, and welcome to the Tata Consumer Products Limited Q1 FY '25 Earnings Conference Call 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.
Everyone, a wonderful good evening to all of you. Representing ISEC as always, it's our absolute pleasure and privilege to host the management of Tata Consumer Products for the results conference call. Over to Nidhi Verma from the management for further proceedings, please.
Thank you so much, Manoj, for hosting the call. Welcome, everyone, to the Q1 FY '25 call for Tata Consumer. As you would have seen, we've just announced our results this evening. For today's call, I'm accompanied by Mr. Sunil D'Souza, Managing Director and CEO; Mr. Ashish Goenka,
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