Tata Consumer Products, among the top FMCG companies, announced its results on May 4, 2022.
The company reported revenue growth of 5% y-o-y to Rs 3175 crore during the March quarter of FY22. This was mainly driven by growth in India branded business segments. Its profit stood at Rs 289 crores in March 2022 versus Rs 133.93 crores in the same period last year. Adjusted profit (adjusted for exceptional items) grew about 54% y-o-y.
The EBITDA for the company registered a growth of 45% y-o-y during the quarter. Despite the significant inflationary pressure, the EBITDA margin (as a percentage of revenue) of the company grew 14% in Q4 FY22 versus 10% in the same period last year.
Tata Consumer’s volume grew 3% in the India beverages business. And it registered a marginal decline in the case of India foods business. US Coffee and International Tea business segments registered a volume growth of 3% and 5% respectively during the recent March quarter.
The company announced a dividend of Rs 6.05 per share.
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Sunil D’Souza, Managing Director & CEO of Tata Consumer Products said that the company dynamically managed the P&L to expand the EBITDA margin. The company continued increasing the A&P in India business and investing in new businesses to accelerate future growth.
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Research Analyst: Bavadharini KS