Tata Consumer Products Limited has delivered robust financial performance in the third quarter of fiscal year 2026, demonstrating strong growth momentum across its diversified business portfolio. The company's consolidated revenue from operations reached ₹5,112.00 crores, marking a significant 15% increase compared to ₹4,443.56 crores in the corresponding quarter of the previous year.

Consolidated Financial Performance

The company's consolidated results showcase impressive growth across key metrics. Net profit after tax surged 36% to ₹384.52 crores from ₹281.92 crores in Q3FY25, reflecting improved operational efficiency and market expansion.

For the nine months ended December 31, 2025, consolidated revenue grew to ₹14,856.81 crores from ₹13,010.08 crores, while net profit increased to ₹1,122.78 crores from ₹938.38 crores in the corresponding period.

Segment-wise Business Performance

The company's branded business segment demonstrated strong momentum across both domestic and international markets. India Business revenue reached ₹3,203.12 crores, representing 13% underlying growth, while International Business generated ₹1,399.67 crores with 11% growth.

The Non-Branded Business, encompassing plantation and extraction operations, achieved notable growth of 20%, contributing ₹546.67 crores to total revenue.

Management Commentary and Strategic Initiatives

During the earnings conference call held on January 27, 2026, Managing Director and CEO Sunil D'Souza highlighted the company's strategic focus on growth businesses, which now contribute 30% of India business revenue while growing at 29%. The company has successfully completed a nationwide go-to-market transformation, with 82% implementation achieved and full rollout expected by early February.

Key operational highlights include India Tea volume growth of 3% as tea prices normalized, Salt business delivering strong performance with 14% revenue and 15% volume growth, and Tata Sampann achieving impressive 45% growth driven entirely by volume expansion.

International Operations and Market Expansion

International business maintained strong trajectory with 11% constant currency revenue growth, primarily driven by robust US coffee performance. The company's US operations delivered 31% revenue growth supported by both volume expansion and strategic pricing initiatives. Tata Starbucks achieved second consecutive quarter of same-store sales growth at 3%, with 12 new store openings during the quarter, bringing the total to 504 stores across 81 cities.

Standalone Results Analysis

On a standalone basis, Tata Consumer Products reported revenue from operations of ₹3,684.02 crores, up 15% from ₹3,200.14 crores in the previous year quarter. However, net profit declined to ₹320.84 crores from ₹569.81 crores, primarily attributed to dividend income of ₹390 crores from overseas subsidiaries received in the corresponding quarter of the previous year.

Financial Position and Future Outlook

Tata Consumer Products maintains a strong financial position with consolidated net worth of ₹22,140.67 crores and a healthy debt-equity ratio of 0.11. The company's current ratio improved to 1.62, indicating strong liquidity management. EBITDA margins expanded 120 basis points year-on-year to 14.2%, with management targeting normative levels of 15% by quarter-end.

The company's innovation pipeline remains robust with 55 new product launches year-to-date, contributing 4.8% to total sales and approaching the target of 5%. Management expressed confidence in maintaining double-digit topline growth while delivering bottom-line growth ahead of revenue expansion, supported by scale leverage and portfolio premiumization initiatives.

Tata Consumer Products Limited has disclosed its Environmental, Social, and Governance (ESG) ratings for the financial years 2024-25 and 2023-24, as mandated under regulatory compliance requirements. The disclosure was made on January 22, 2026, following information received by the company on January 21, 2026.

ESG Rating Performance

NSE Sustainability Ratings & Analytics Limited has assigned specific ESG ratings to Tata Consumer Products for the two financial years under review:

The ratings show a marginal decline of one point from FY2023-24 to FY2024-25, reflecting the company's sustainability performance across environmental, social, and governance parameters.

Rating Methodology and Independence

Tata Consumer Products has clarified that it did not directly engage NSE Sustainability Ratings & Analytics Limited for the ESG rating assessment. The rating agency independently prepared the evaluation report using data pertaining to FY2023-24 and FY2024-25 that was available in the public domain. This independent assessment approach ensures objectivity in the rating process while utilizing publicly disclosed company information.

Regulatory Compliance Framework

The disclosure was made in accordance with Regulation 30 of the SEBI Listing Regulations, read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has fulfilled its obligation under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring transparency for stakeholders.

Information Accessibility

The ESG rating information has been made available on the company's official website at www.tataconsumer.com , providing easy access for investors and other stakeholders. This digital disclosure complements the formal regulatory filing and enhances transparency in the company's sustainability reporting practices.

The disclosure was signed by Delnaz Dara Harda, Company Secretary & Compliance Officer, demonstrating proper corporate governance procedures in the communication process.