Tata Consumer Products Limited Q4FY25 Result Analysis

Tata Consumer Products Limited is one a leading FMCG company, bringing together the Tata Group’s key food and beverage businesses. Its portfolio includes tea, coffee, water, ready-to-drink beverages, salt, pulses, spices, ready-to-cook and ready-to-eat meals, breakfast cereals, snacks, and mini meals. Key beverage brands include Tata Tea, Tetley, Organic India, Eight O’Clock Coffee, Tata Coffee Grand, Himalayan, Tata Copper+, and Tata Gluco+. The food segment features Tata Salt, Tata Sampann, Tata Soulfull, Ching’s Secret, and Smith & Jones. With a wide distribution network, the company reaches over 275 million Indian households.

Result Analysis:    Tata Consumer Products Limited  (CMP: Rs 1,156)

Result Update: Q4FY25

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Financial Performance:

Shareholding Pattern:

Particulars (In %)	Q4FY25	Q4FY24
Promoter	33.84	33.55
FIIs	23.35	27.27
DIIs	21.95	17.39
Public and Other	20.85	21.79
Government	0.01	0.01

Management Commentary:

• The company has announced Final dividend of Rs. 8.25 per share for FY25.
• The company anticipates mid-single-digit volume growth along with modest pricing gains. If the tea crop remains stable and prices begin to ease, margins are expected to gradually normalize.
• Despite a challenging operating environment, the company has delivered strong growth across its businesses and remains focused on driving consistent, profitable growth going forward.

Outlook:

Tata Consumer Products Limited delivered a robust performance in Q4FY25, marked by strong revenue, EBITDA, and PAT growth. The company continues to strengthen its core India Beverages and Foods businesses while gaining traction in newly acquired brands—Capital Foods and Organic India. Expansion into Food Services and Pharma channels, along with continued investment in innovation and distribution, positions the company for long-term growth. With mid-single-digit volume growth expected and margin normalization likely as input costs stabilize, the outlook remains positive. It has posted an EPS of ₹13.06 in FY25, and the stock is currently trading at a P/E of 88.51x and P/B of 5.7x.

Results:

Particulars (In Rs. Cr.)	Q4FY25	Q4FY24	Q3FY25	YoY%	QoQ%	FY25	FY24	YoY%
Net Sales	4608.22	3926.94	4443.56	17.3	3.7	17618.3	15205.85	15.9
Other Income	101.83	38.45	51.6	164.8	97.3	193.25	245.62	-21.3
Total Income	4710.05	3965.39	4495.16	18.8	4.8	17811.55	15451.47	15.3
Total Expenditure	3987.27	3513.14	3884.99	13.5	2.6	15144.06	13248.79	14.3
EBIDT	722.78	452.25	610.17	59.8	18.5	2667.49	2202.68	21.1
Interest	39.99	42.83	57.92	-6.6	-31.0	290.2	129.81	123.6
EBDT	682.79	409.42	552.25	66.8	23.6	2377.29	2072.87	14.7
Depreciation	153.09	115.76	150.32	32.2	1.8	600.74	377.15	59.3
EBT	529.7	293.66	401.93	80.4	31.8	1776.55	1695.72	4.8
Tax	74.18	119.73	106.34	-38	-30.2	359.33	469.3	-23.4
Deferred Tax	48.45	-93.78	-4.16	151.7	-1264.7	36.91	-74.57	149.5
PAT	407.07	267.71	299.75	52.1	35.8	1380.31	1300.99	6.1

Source: Company website, EWL Research

 

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