Tata Consumer Products Limited's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 8, 2026. The company reported a landmark milestone, crossing ₹20,000 crores in consolidated revenue for FY26, reflecting broad-based, volume-led growth across its India and International businesses. The Board has recommended a final dividend of ₹10 per equity share of face value ₹1 each (1000%), up 21% year-on-year, for FY 2025-26, subject to shareholder approval at the ensuing Annual General Meeting.

Consolidated Financial Performance

On a consolidated basis, revenue from operations for Q4 FY26 grew 18% year-on-year to ₹5,433.62 crores. For the full year FY26, revenue from operations stood at ₹20,280.43 crores. Consolidated EBITDA for the quarter stood at ₹796 crores, up 27% YoY, with an EBITDA margin of 14.57% compared to 13.47% in Q4 FY25. For the full year, consolidated EBITDA reached ₹2,815 crores, up 12%. Profit before exceptional items and tax at ₹641.37 crores was higher by 32% for the quarter. Group Consolidated Net Profit for the quarter was ₹424.02 crores, higher by 22% year-on-year, while for the full year, it reached ₹1,546.80 crores.

The following table presents the key consolidated financial metrics:

The consolidated balance sheet as of March 31, 2026, reflected total assets of ₹34,452.96 crores and total equity of ₹23,188.86 crores. Key consolidated financial ratios for FY26 include an operating margin of 10.78%, net profit margin of 7.62%, current ratio of 1.57, and a debt-equity ratio of 0.12.

Consolidated Exceptional Items

Exceptional items for Q4 FY26 include fair value gains of ₹56 crores on remeasurement of contingent consideration, asset write-down of ₹34 crores, impairment of goodwill of ₹16 crores, and statutory impact of New Labour Codes of ₹3 crores. For the full year, exceptional items include fair value gains of ₹56 crores on remeasurement of contingent consideration, profit on sale of non-core assets of ₹35 crores, asset write-down of ₹69 crores, impairment of goodwill of ₹16 crores, and statutory impact of New Labour Codes of ₹26 crores.

Standalone Financial Performance

On a standalone basis, revenue from operations for Q4 FY26 grew to ₹3,591.78 crores. For the full year FY26, revenue from operations stood at ₹14,700.05 crores. Profit before exceptional items and tax for the quarter stood at ₹421.11 crores. Net profit after tax for the quarter was ₹315.16 crores. For the full year, net profit after tax reached ₹1,635.15 crores.

The following table summarises the key standalone financial metrics:

The standalone balance sheet as of March 31, 2026, showed total assets of ₹22,629.90 crores and total equity of ₹17,804.81 crores. Key standalone financial ratios for FY26 include an operating margin of 10.92%, net profit margin of 11.12%, current ratio of 1.40, and a debt-equity ratio of 0.04.

Standalone Exceptional Items

Exceptional items for Q4 FY26 include fair value gains on remeasurement of contingent consideration of ₹56 crores, fair value loss on financial instruments of ₹33 crores, impairment of investment in an associate of ₹21 crores, asset write-down of ₹34 crores, and statutory impact of New Labour Codes of ₹3 crores. For the full year, exceptional items include fair value gains on remeasurement of contingent consideration of ₹56 crores, profit on sale of non-core assets of ₹35 crores, fair value loss on financial instruments of ₹33 crores, impairment of investment in an associate of ₹21 crores, asset write-down of ₹34 crores, and statutory impact of New Labour Codes of ₹20 crores.

Segment Performance

The group's business is organised into Branded and Non-Branded segments, with the Branded segment further sub-categorised into India Business and International Business. The following table presents segment-wise revenue and results for FY26:

The 'Growth businesses' crossed ₹4,000 crore in FY26, accounting for 31% of India business, and grew 24% during the year. An executive has further indicated that the 'Growth' segment is expected to rise by 30%, reflecting continued confidence in the portfolio's expansion trajectory.

Innovation and Management Commentary

Innovation remained a core growth driver, with 80 new launches in FY26 across Health & Wellness, Convenience, and Premiumisation themes. Innovation-to-sales stood at 4.5%, described as best-in-class, with revenue from innovation having scaled 7X since FY21.

Commenting on the results, Sunil D'Souza, Managing Director & CEO of Tata Consumer Products, said: "We delivered a strong finish to FY26 with another quarter of consistent double-digit topline growth. Performance was broad-based across our core and growth businesses, reflecting sustained momentum in execution, innovation and brand building. The Foods business continued its strong trajectory with Tata Sampann recording exceptional growth momentum. Our 'Growth' businesses grew 24% in FY26 and accounted for 31% of the India business, demonstrating the steady transformation of our portfolio. Innovation continued to fuel our growth agenda with 80 new launches in FY26 across categories. As we move into the next phase of growth, we remain focused on building scale, strengthening our portfolio and consistently delivering value to consumers, customers and shareholders."

Tata Consumer Products Limited has announced the grant of the third tranche of Performance Share Units (PSUs) to eligible employees. The Nomination and Remuneration Committee of the Board approved the grant of 3,25,020 PSUs on May 08, 2026. This decision follows the authority granted by shareholders through a postal ballot conducted on May 4, 2024.

Grant Details

The allocation is made under the Tata Consumer Products Limited- Share-based Long Term Incentive Scheme 2024 (TCPL-SLTI Scheme 2024). The scheme is fully compliant with the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The total number of PSUs granted corresponds to an equal number of fully paid-up equity shares, each with a face value of Re. 1/-.

The specific number of units granted to each employee was determined by dividing the Long Term Incentive Pay amount awarded to the employee by the Closing Market Price of the shares on the National Stock Exchange (NSE). The reference price used was from May 07, 2026, which was one trading day prior to the committee's approval.

Pricing and Exercise Terms

The exercise price for the PSUs has been fixed at Re. 1/- per unit, which represents the face value of the underlying equity shares. As this is a grant announcement, details regarding vested options, exercised options, and money realized are not applicable at this stage.

The exercise period for these units will commence from the date of vesting. Generally, this period will expire at the end of twelve months from the vesting date. However, exceptions exist for events such as the death or permanent incapacity of a participant. Additionally, the Nomination & Remuneration Committee retains the discretion to extend the exercise period by a further two years if deemed appropriate.

Scheme Information

Significant terms and conditions of the PSUs were previously disclosed as part of the Explanatory Statement in the Postal Ballot Notice dated March 14, 2024. The company has made this information available on its official website. The disclosure ensures compliance with the applicable provisions of the SEBI Listing Regulations.