Tata Consumer Products Limited · NSE:TATACONSUM
Tata Consumer Products — Q2 FY2026 Earnings Presentation
37 slides from Tata Consumer Products's earnings presentation, Nov 3, 2025
Slide 1: Investor Presentation
Investor Presentation For the quarter ended September 2025 3rd November 2025
Slide 2: Disclaimer
Disclaimer Certain statements made in this presentation relating to the Company’s objectives, projections, outlook, expectations, estimates, among others may constitute ‘forward-looking statements’ within the meaning of applicable laws and regulations. Actual results may differ from such expectation
Slide 3: Agenda
Agenda 02 03 Executive summary Performance overview Progress against strategic priorities 04 05 06 Macro environment Business performance Financial performance 07 Other 33
Slide 4: We are Tata Consumer Products
We are Tata Consumer Products In a nutshell Integrated F&B company #2 branded tea player with rich heritage of Tata, globally aspiring for a larger share of the FMCG World ₹ 17.6k crore consolidated Reach of 275mn+ Largest salt brand in India 2nd Largest tea brand 3rd largest tea brand in UK #1 natu
Slide 5: Executive Summary
Executive Summary ❑ During Q2FY26, consolidated revenue grew 18% YoY. India branded business reported a 14% UVG. ❑ Core India business saw second consecutive quarter of double-digit growth in both tea and salt. ❑ There was significant sequential acceleration in ‘Growth’ businesses; with 27% growth;
Slide 6: Performance Overview
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Slide 7: Key Businesses Snapshot – Q2FY26
Key Businesses Snapshot – Q2FY26 In ₹ Cr India Beverages India Foods International Non-Branded Consolidated (unless specified) Revenue 1,586 1,632 1,170 590 4,966 Revenue growth 15% 19% 15% 28% 18% Constant currency growth 9% 26% 16% Key Brands Notes: a) India Beverages includes Packaged Beverages,
Slide 8: Key Businesses Snapshot – H1FY26
Key Businesses Snapshot – H1FY26 In ₹ Cr India Beverages India Foods International Non-Branded Consolidated (unless specified) Revenue 3,233 3,166 2,245 1,126 9,745 Revenue growth 11% 17% 12% 17% 14% Constant currency growth 7% 16% 12% Key Brands Notes: a) India Beverages includes Packaged Beverages
Slide 9: Summary of Group Performance – Q2FY26
Summary of Group Performance – Q2FY26 ₹ 4,966 Cr. ₹ 675 Cr. ₹ 523 Cr. ₹ 407 Cr. ₹ 407 Cr. ₹ 968 Cr. Group Net Group Net Revenue EBITDA PBT (bei)^ Net Cash$ Profit (bei)^ Profit Growth (YoY) 18% 7% 23% 5% 11% Margin 13.6% 10.5% 8.2% 8.2% Margin expansion (YoY) -130bps +40bps -100bps -50bps EPS (Basic
Slide 10: Summary of Group Performance – H1FY26
Summary of Group Performance – H1FY26 ₹ 9,745 Cr. ₹ 1,291 Cr. ₹ 989 Cr. ₹ 738 Cr. ₹ 738 Cr. ₹ 968 Cr. Group Net Group Net Revenue EBITDA PBT (bei)^ Net Cash$ Profit (bei)^ Profit Growth (YoY) 14% -1% 11% 7% 12% Margin 13.2% 10.1% 7.6% 7.6% Margin expansion (YoY) -200bps -30bps -50bps -10bps EPS (Bas
Slide 11: Progress against Strategic Priorities
03 Progress against Strategic Priorities
Slide 12: Strategic Priorities
Strategic Priorities Strengthen core & Build on new Drive execution Create a Drive digital & Embed accelerate growth opportunities excellence future-ready innovation sustainability businesses everyday organization 12
Slide 13: India Business – Fueling our brands across businesses
Strengthen core & accelerate growth businesses India Business – Fueling our brands across businesses A&P-to-Sales* Q2FY26 7.4% MAT Market share – Salt Value Flat1 MAT Market share – Tea Value -80 bps1 * India business 1 Source: Nielsen – MAT basis, Sep’25 vs Sep’24 13 13
Slide 14: ‘Growth’ Businesses – Delivering in line with our aspiration
Strengthen core & accelerate growth businesses ‘Growth’ Businesses – Delivering in line with our aspiration Growth Businesses as a % of India Business 32% Combined YoY 28% 29% revenue growth Q2FY26 18% 15% 10% 8% 27% 6% FY20 FY21 FY22 FY23 FY24 FY25 Q2FY25 Q2FY26 Includes overseas revenues for Capit
Slide 15: New product launches during the quarter
Drive Digital & Innovation New product launches during the quarter 15
Slide 16: Strengthening Our Commitment to Responsible Business Practices
Embed sustainability Strengthening Our Commitment to Responsible Business Practices ❖ Achieved a notable improvement in the S&P DJSI assessment for FY25, scoring 71/100 over the previous year’s score of 65. ❖ Released the Tata Consumer Products Human Rights Code of Practice, aligned with the UN Guid
Slide 17: Macro environment
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Slide 18: Key Commodities’ movement
Key Commodities’ movement Tea Coffee N. India Tea (INR/kg) S. India Tea (INR/kg) Kenya Tea ($c/kg) Arabica Coffee ($c/lbs) Robusta Coffee ($c/lbs) 250 374 364 229 342 217 221 204 195 180 285 212 214 215 208 207 200 193 245 210 221 208 152 246 190 146 174 222 220 217 133 137 156 128 186 187 117 121 1
Slide 19: Business performance – Q2FY26
05 Business performance – Q2FY26
Slide 20: India Packaged Beverages
India Packaged Beverages Performance commentary • Revenue for the quarter grew 12%, with 5% volume growth. +12% • Growth was broad-based across brands and segments. Net Revenue • Margins showed a healthy recovery, supported by favourable input costs beginning to flow through. • Coffee continued its
Slide 21: India Foods
India Foods Performance commentary • Salt revenue grew 16% during the quarter, backed by strong 9% +19% volume growth. Net Revenue • Value-added salts grew 23% in Q2. • Tata Sampann delivered a notable 40% sales growth during the quarter. New launches and innovations continue to perform well. +11% V
Slide 22: Ready-to-Drink (RTD)
Ready-to-Drink (RTD) Performance commentary • In Q2FY26, RTD delivered 31% volume growth and 25% value growth 192Cr despite headwinds from unseasonal rains and heightened competitive intensity. Net revenue • Tata Copper+ sustained its strong performance, recording a 36% growth during the quarter. +2
Slide 23: Capital Foods & Organic India
Capital Foods & Organic India Performance commentary • Capital Foods and Organic India grew 16% in Q2FY26 on a combined 223Cr basis (including international operations). Capital Foods • Capital Foods’ sales, especially in Modern Trade, were adversely Revenue impacted in September following the GST r
Slide 24: Non-branded Business
Non-branded Business Performance commentary • Revenue for the quarter grew 26%#. • The Solubles business grew 34%# while Plantations delivered 17% growth. +26%# • After a brief hiatus, coffee prices began climbing higher during the Revenue Growth quarter. • Profitability for the business remains hea
Slide 25: Tata Starbucks (JV)
Tata Starbucks (JV) Performance commentary • Revenue for the quarter grew 8% YoY with a positive same store sales 7 growth (SSSG). Net new stores • Added 7 new stores in Q2, with footprint growth across both, metros and smaller cities, including new store formats. opened during the quarter • Extende
Slide 26: International operations
International operations UK USA Canada ➢ Revenue for the quarter declined 5%, ➢ The US business registered a 21% ➢ Revenue for the quarter grew 7%, cycling a high base. growth YoY. primarily driven by growth in specialty. ➢ Teapigs penetration expanded ➢ Eight O’clock continued to gain ➢ Tetley cont
Slide 27: Financial Performance
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Slide 28: Performance Highlights – Q2FY26
Performance Highlights – Q2FY26 Standalone (in ₹ Cr) Consolidated (in ₹ Cr) Consolidated revenue grew 18% (16% in constant currency terms) to ₹4,966 Cr. Revenue from ❑ India business grew 18%. operations 752 549 ❑ International business delivered 9% constant currency (CC) growth. 3,595 4,966 +18% +1
Slide 29: Performance Highlights – H1FY26
Performance Highlights – H1FY26 Standalone (in ₹ Cr) Consolidated (in ₹ Cr) Consolidated revenue grew 14% (12% in constant currency terms) to ₹9,745 Cr. Revenue from 1,178 ❑ India business grew 14%. operations 876 ❑ International business delivered 7% constant currency +14% +14% 9,745 (CC) growth. 7
Slide 30: Financials: Consolidated
Financials: Consolidated Quarter ended Sep’25 Profit and Loss statement Year-to-date Sep’25 Q2FY26 Q2FY25 Change % (all nos. in ₹ Crores) H1FY26 H1FY25 Change % 4,966 4,214 18% Revenue from operations 9,745 8,567 14% 675 629 7% EBITDA 1,291 1,300 -1% 13.6% 14.9% % 13.2% 15.2% 522 480 9% EBIT 989 1,0
Slide 31: Financials: Standalone
Financials: Standalone Quarter ended Sep’25 Profit and Loss statement Year-to-date Sep’25 Q2FY26 Q2FY25 Change % (all nos. in ₹ Crores) H1FY26 H1FY25 Change % 3,595 3,046 18% Revenue from operations 7,124 6,248 14% 437 343 27% EBITDA 840 755 11% 12.2% 11.3% % 11.8% 12.1% 382 290 32% EBIT 731 648 13%
Slide 32: Segment-wise Performance Q2FY26
Segment-wise Performance Q2FY26 Particulars Segment Revenue Segment Results Revenue – Branded business ₹ Cr Q2 FY26 Q2 FY25 Change Q2 FY26 Q2 FY25 Change India Business 3,122 2,655 18% 359 243 47% 71% India Business International Business 1,288 1,116 15% 148 167 -12% 29% International Business Total
Slide 33: Segment-wise Performance H1FY26
Segment-wise Performance H1FY26 Particulars Segment Revenue Segment Results Revenue – Branded business ₹ Cr H1 FY26 H1 FY25 Change H1 FY26 H1 FY25 Change India Business 6,248 5,470 14% 649 569 14% 72% India Business International Business 2,433 2,162 13% 302 343 -12% 28% International Business Total
Slide 34: Q&A
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Slide 35: Other
08 Other
Slide 36: Shareholding information
Shareholding information Quarter Ended June’20 Pattern as on 30th September 2025 Stock data BSE Ticker 500800 Others 2% Individual NSE Ticker TATACONSUM 19% Promoter and Market Capitalization (Sep 30, 2025) ₹ 111.7k Cr promoter Group 34% Number of Shares Outstanding 98.95 Cr MFs/ UTI/ AIFs 11% Insur
Slide 37: Thank You
Thank You For more information Institutional investors – Contact Nidhi Verma Head – Investor Relations & Corporate Communication nidhi.verma@tataconsumer.com Kaiwan Olia Senior Manager – Investor Relations Kaiwan.olia@tataconsumer.com Retail investors - Contact Call us at investor.relations@tatacons
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