Mumbai, Jan 30 (IANS) Tata Consumer Products on Thursday posted a consolidated net profit of Rs 299.75 crore, with a 5 per cent decline on a YoY basis, for the third quarter (Q3) of the financial year 2024-25, against Rs 316 crore in the same period of the last fiscal.
Despite the drop in profit, Tata Consumer’s revenue from operations grew 16.8 per cent to Rs 4,444 crore in Q3FY25 from Rs 3,804 crore reported in the same quarter last year, according to its stock exchange filing.
The company stated that excluding recent acquisitions, its revenue grew by 9 per cent year-on-year (YoY).
This was driven by a 10 per cent growth in its India business, a 4 per cent increase in international business, and an 8 per cent rise in its non-branded business.
The company’s operating performance in India was affected by inflation in tea prices. However, improvements in its international and non-branded businesses helped offset some of the pressure.
Tata Consumer’s consolidated earnings before interest, tax, depreciation, and amortisation (EBITDA) remained flat year-on-year at Rs 578 crore.
The company’s India beverages segment performed well, with revenue growing 9 per cent to reach a multi-quarter high. Within this segment, coffee showed a strong 28 per cent revenue growth in Q3 FY25. Meanwhile, the India foods business revenue saw a 31 per cent rise compared to last year.
Tata Starbucks, a joint venture (JV) between Tata Consumer and Starbucks, expanded its presence further during the quarter. The JV added 16 new stores and entered four new cities, bringing its total store count to 473 across 74 cities.
The company’s value-added salt portfolio continued its strong momentum, registering a 31 per cent growth during the last quarter.
The Tata Sampann portfolio also performed well, recording a 23 per cent increase in revenue in Q3FY25.
Tata Consumer’s international business grew by 8 per cent YoY in Q3FY25, with a significant improvement in profitability.
The company also strengthened its position in the UK’s branded tea market, where it holds the second-largest market share.
–IANS
pk/avs/vd
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
