Tata Consumer

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Tata Consumer Business Overview

Tata Consumer is one of the leading companies of the Tata Group, with a presence in the food and beverages business in India and internationally. It is the second-largest tea company globally and has a significant market presence and leadership in many markets. In addition to South Asia (mainly India), it is in various other geographies including Canada, the UK, North America, Australia, Europe, the Middle East, and Africa.

The story of Tata Consumer Products has always been one of continuous transformation, fueled by innovation and agility to meet evolving consumer needs and aspirations. As an integrated F&B company, backed by the Tata group’s strong heritage, it aspires for a larger share of the FMCG world.

Tata is the largest salt brand in India, the 2^nd largest Tea brand in India, 3rd largest tea company in the UK, Largest tea brand in Canada.

Business Performance
Packaged Beverages Performance
• Tea delivered a four-year CAGR of 9%.
• It maintained its market leadership in tea in the E-commerce channel for the 36th consecutive month.
• Both its largest brands, Tata Tea Premium, and Tata Tea Agni, recorded strong value growth during the year.
• Coffee revenue grew by 45% YoY.
• Tata Consumer launched Tetley Premium Black Leaf Tea with added long leaves and Tata Coffee Quick Filter Range of Decoction.
• Launched Tea Gold Vita Care, a vitamin-enriched black tea, along with Immuno Chai, catering to health and wellness trends.

Packaged Foods Performance
• Salt revenue grew by 9% during the year, recording the 4-year revenue CAGR of salt at 17%.
• Value-added salts grew by 34% and their contribution to the overall salt business was 9%.
• During the year, the contribution from brands outside the classic Tata Salt (Orange bag) improved, accounting for over 12% of the salt business.
• Tata Sampann delivered yet another strong year, growing by 45% YoY, with robust volume growth. The four-year revenue CAGR stands at 31%, in line with our targets.
• By leveraging Tata Sampann’s equity, it entered a high-value, trust deficit category during the year such as Saffron, and expanded the Dry Fruits range.
• Tata Soulfull entered new categories with exciting new launches, expanding its total addressable market. Key launches during the year were No Maida Choco Stix, NutriDrink+, Millet Granola, and Tata Soulfull Oats+.

Tata Starbucks (50:50 JV)
• During the year, it added 95 new stores and entered 20 new cities during the year.
• Store expansion included expansion into Tier 2 cities, introducing more drive-thus, extending presence in airports, and enhancing 24-hour store footprint.
• Partnered with Netflix India to collaborate on the movie ‘Archies’ for new Christmas Promotional drinks.

Capital Foods Acquisitions
The acquisitions of Capital Foods (owner of brands Ching’s Secret and Smith and Jones) and Organic India fit seamlessly into its identified platforms and would aid in building a robust portfolio of high-growth, high-margin products. With Tata Sampann, Ching’s Secret, and Smith and Jones, it now cater to all the major cuisine blocks and a wide gamut of the Indian culinary palate.

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Tata Consumer Financial Performance

	FY 2022	FY 2023	FY 2024
Revenue	12,425	13,783	15,206
Expense	10,707	11,927	12,922
OPM (%)	14%	13%	15%
Net income	1,015	1,320	1,215
EPS	9.78	12.48	11.63

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Tata Consumer Financial Ratios

PE Ratio	ROCE	ROE	PEG Ratio
90.7	10.6 %	12.0  %	3.36
Book Value	ROA	Debt to equity	Piotroski score
₹ 162	5.61 %	0.22	5.00

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Tata Consumer Shareholding Pattern

Check out the last 3-year trend of the shareholding Pattern.

	Mar 2022	Mar 2023	Mar 2024
Promoters	34.72%	34.44%	33.55%
FIIs	17.17%	19.44%	18.23%
DIIs	13.71%	15.85%	17.39%
Public	26.20%	24.65%	23.58%

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Tata Consumer Stock Price

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Tata Consumer Peer comparison

	PE ratio	ROCE %	OPM %
Tata Consumer	90.68	10.65	15.21
CCL Products	38.77	12.39	16.93
Vintage Coffee	95.99	8.94	17.77

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