Tata Consumer Products Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Branded: 88.1% • Non Branded: 11.7% • Others: 0.2%
AI Sector View
AI GENERATEDFast Moving Consumer Goods
Rural demand proxies are mixed. Tractor sales rose 18.0% YoY (2026-07) and 2-wheelers were up 23.0% YoY (2026-06), but rural employment slowed to 1.0% YoY (2026-07), fertiliser sales were 0.0% YoY (2026-05), and food inflation of 5.52% (Jul/26) can pressure household budgets. FPI outflows remain heavy at INR -8081 crore over 3 months to 2026-08-31, limiting upside.
PROS
- Company is almost debt free
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 28.8% YoY, showing strong momentum
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.49x)
- Company has been maintaining a healthy dividend payout of 64.2%
CONS
- Company has a low return on equity of 7.9% over last 3 years
- Company has a low return on capital employed of 10.1%
- Receivables are growing faster than sales - a possible quality concern
- Recurring exceptional / one-off items are inflating headline profit
- Expensive relative to growth - PEG of 8.9
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TATACONSUM | 991.55 | 60.02 | 98133.23 | 1.01 | 427.19 | 28.77 | 5348.88 | 11.93 | 10.10 | 13.21 |
| CCL | 1080.05 | 33.34 | 14421.68 | 0.53 | 116.88 | 61.33 | 1200.45 | 13.72 | 15.90 | 16.12 |
| ANDREWYU | 26.11 | 0.00 | 1276.65 | 0.00 | -2.34 | -111.60 | 58.30 | 5.08 | -1.45 | 8.66 |
| GOODRICKE | 217.35 | 7.42 | 469.48 | 0.92 | 40.87 | 1181.19 | 211.30 | 21.08 | 8.28 | 17.90 |
| MCLEODRUSS | 43.34 | 0.00 | 452.71 | 0.00 | -13.38 | 69.23 | 261.11 | 21.02 | -1.03 | 11.16 |
| PKTEA | 1121.75 | 65.08 | 347.28 | 0.07 | 3.69 | 370.56 | 11.60 | -1.11 | 1.28 | 5.17 |
| JAYSREETEA | 92.76 | 0.00 | 267.87 | 0.00 | -5.94 | 33.85 | 206.17 | 8.61 | 1.20 | 2.68 |
| UNITEDTEA | 432.95 | 18.34 | 216.33 | 0.74 | 6.38 | -20.51 | 19.83 | -10.49 | 11.28 | 25.60 |
| NEAGI | 3418.00 | 5.79 | 212.62 | 0.59 | 15.33 | -80.10 | 6.41 | -0.33 | 9.64 | 218.32 |
| ROSSELLIND | 55.26 | 15.02 | 208.31 | 0.72 | 24.30 | 88.37 | 749.30 | 6.51 | 8.99 | 10.68 |
| GROBTEA | 945.85 | 14.34 | 109.94 | 0.21 | 3.27 | 142.07 | 22.86 | 28.04 | 6.96 | 18.05 |
| NORBTEAEXP | 64.15 | 0.00 | 99.72 | 0.00 | 3.23 | 1033.33 | 12.90 | 946.23 | 2.98 | 51.40 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3,741 | 3,734 | 3,804 | 3,927 | 4,352 | 4,214 | 4,444 | 4,608 | 4,779 | 4,966 | 5,112 | 5,434 | 5,349 | |
| 3,196 | 3,197 | 3,232 | 3,297 | 3,685 | 3,588 | 3,879 | 3,987 | 4,172 | 4,294 | 4,391 | 4,641 | 4,829 | |
| Operating Profit | 545 | 537 | 572 | 630 | 667 | 626 | 565 | 621 | 607 | 672 | 721 | 792 | 520 |
| OPM % | 14.57% | 14.38% | 15.05% | 16.03% | 15.33% | 14.86% | 12.71% | 13.47% | 12.70% | 13.53% | 14.10% | 14.58% | 9.73% |
| 53 | 75 | -32 | -177 | 22 | 19 | 45 | 102 | 41 | 38 | 10 | 55 | 72 | |
| Interest | 26 | 28 | 33 | 43 | 94 | 99 | 58 | 40 | 34 | 33 | 32 | 38 | 39 |
| Depreciation | 82 | 94 | 86 | 116 | 148 | 149 | 150 | 153 | 149 | 153 | 159 | 165 | 165 |
| Profit before Tax | 489 | 491 | 422 | 294 | 448 | 397 | 402 | 530 | 465 | 523 | 540 | 644 | 575 |
| Tax % | 26.74% | 26.83% | 25.18% | 8.84% | 29.85% | 9.50% | 25.42% | 23.15% | 25.56% | 24.12% | 25.40% | 23.74% | 25.65% |
| Net Profit | 0 | 0 | 0 | 0 | 289 | 367 | 282 | 349 | 332 | 407 | 385 | 424 | 427 |
| 3.41 | 3.64 | 2.97 | 2.26 | 3.02 | 3.74 | 2.82 | 3.49 | 3.38 | 4.09 | 3.88 | 4.24 | 4.31 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,780 | 6,815 | 7,252 | 9,637 | 11,602 | 12,425 | 13,783 | 15,206 | 17,618 | 20,290 | 20,860 | |
| 5,988 | 5,976 | 6,466 | 8,345 | 10,058 | 10,707 | 11,932 | 12,926 | 15,139 | 17,499 | 18,155 | |
| Operating Profit | 791 | 839 | 786 | 1,292 | 1,544 | 1,719 | 1,852 | 2,280 | 2,479 | 2,792 | 2,705 |
| OPM % | 11.67% | 12.31% | 10.84% | 13.41% | 13.31% | 13.83% | 13.43% | 14.99% | 14.07% | 13.76% | 12.97% |
| 88 | 73 | 124 | -163 | 91 | 88 | 333 | -77 | 188 | 145 | 175 | |
| Interest | 92 | 43 | 52 | 78 | 69 | 73 | 87 | 130 | 290 | 137 | 142 |
| Depreciation | 126 | 116 | 123 | 242 | 255 | 278 | 304 | 377 | 601 | 627 | 643 |
| Profit before Tax | 662 | 753 | 735 | 809 | 1,311 | 1,456 | 1,794 | 1,696 | 1,777 | 2,173 | 2,282 |
| Tax % | 29.96% | 24.68% | 35.51% | 33.88% | 24.20% | 25.90% | 24.92% | 23.28% | 22.30% | 24.64% | 24.70% |
| Net Profit | 464 | 567 | 474 | 535 | 994 | 1,079 | 1,347 | 1,301 | 1,380 | 1,638 | 1,718 |
| EPS | 6.17 | 7.85 | 6.47 | 4.99 | 9.30 | 10.15 | 13.02 | 12.07 | 12.92 | 15.59 | — |
| Dividend Payout % | 38.08% | 31.84% | 38.65% | 54.12% | 43.57% | 59.58% | 65.21% | 64.19% | 63.85% | 64.16% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 12%
- 5 Years:
- 12%
- 3 Years:
- 14%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 12%
- 3 Years:
- 9%
STOCK PRICE CAGR
- 10 Years:
- 22%
- 5 Years:
- 3%
- 3 Years:
- 5%
- 1 Year:
- -10%
RETURN ON EQUITY
- 10 Years:
- 7%
- 5 Years:
- 8%
- 3 Years:
- 8%
- Last Year:
- 8%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 63 | 63 | 63 | 92 | 92 | 92 | 93 | 95 | 99 | 99 |
| Minority Interest | 920 | 1,009 | 1,028 | 1,092 | 1,093 | 1,152 | 850 | 1,379 | 1,389 | 1,401 |
| 6,202 | 6,968 | 7,269 | 13,723 | 14,442 | 15,049 | 16,179 | 15,947 | 19,879 | 21,654 | |
| 793 | 1,074 | 1,149 | 1,562 | 1,676 | 1,455 | 1,706 | 5,114 | 3,969 | 4,038 | |
| Trade Payables | 738 | 706 | 665 | 944 | 1,625 | 1,916 | 2,348 | 2,707 | 3,508 | 3,875 |
| 835 | 640 | 708 | 1,059 | 1,289 | 1,411 | 1,586 | 2,636 | 2,986 | 3,211 | |
| Total Liabilities | 9,551 | 10,460 | 10,881 | 18,473 | 20,218 | 21,075 | 22,762 | 27,879 | 31,831 | 34,279 |
| 4,504 | 4,748 | 4,862 | 11,606 | 11,990 | 12,367 | 12,855 | 19,143 | 21,263 | 21,805 | |
| Capital Work in Progress | 56 | 130 | 413 | 88 | 93 | 209 | 286 | 171 | 207 | 460 |
| 1,451 | 1,161 | 1,188 | 1,323 | 806 | 797 | 1,433 | 871 | 969 | 1,443 | |
| 1,453 | 1,448 | 1,610 | 1,712 | 2,249 | 2,267 | 2,702 | 2,769 | 3,600 | 3,527 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 897 | 870 | 1,148 | |
| Cash & Bank | 575 | 1,238 | 1,034 | 1,621 | 3,075 | 2,600 | 2,797 | 2,454 | 2,818 | 3,420 |
| 1,512 | 1,735 | 1,775 | 2,123 | 2,005 | 2,834 | 2,690 | 1,573 | 2,104 | 2,475 | |
| Total Assets | 9,551 | 10,460 | 10,881 | 18,473 | 20,218 | 21,075 | 22,762 | 27,879 | 31,831 | 34,279 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 952 | 655 | 377 | 1,211 | 1,763 | 1,751 | 1,850 | 1,937 | 2,057 | 2,422 | |
| Cash from Investing | 225 | -74 | 73 | -673 | -408 | -1,322 | -828 | -1,931 | -2,354 | -1,398 |
| Cash from Financing | -816 | -30 | -224 | -308 | -426 | -995 | -714 | 256 | 453 | -1,075 |
| 150 | 251 | 59 | 101 | 822 | -801 | -81 | 261 | 156 | -52 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-10 - TATA CONSUMER PRODUCTS LIMITED has informed the Exchange regarding Allotment of Shares.
2026-09-01 - TATA CONSUMER PRODUCTS LIMITED has informed the Exchange about 'Update on Acquisition of Capital Foods Private Limited '.
2026-08-26 - TATA CONSUMER PRODUCTS LIMITED has informed the Exchange about Schedule of meet
2026-08-26 - TATA CONSUMER PRODUCTS LIMITED has informed the Exchange about Copy of Newspaper Publication
2026-08-21 - TATA CONSUMER PRODUCTS LIMITED has informed the Exchange about KYC Circulars
2026-08-11 - TATA CONSUMER PRODUCTS LIMITED has informed the Exchange about ESG Rating Update
2026-08-08 - TATA CONSUMER PRODUCTS LIMITED has informed the Exchange about Copy of Newspaper Publication
2026-08-07 - TATA CONSUMER PRODUCTS LIMITED has informed the Exchange about Schedule of meet
2026-08-06 - TATA CONSUMER PRODUCTS LIMITED has informed the Exchange about Schedule of meet
News
Recent coverage and analyst commentary for TATACONSUM
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