Tata Consumer Products Limited has announced an earnings call scheduled for February 17, 2025, to discuss the company's financial performance for Q3FY25. The announcement comes as part of the company's regulatory compliance under Regulation 30 of the Securities and Exchange Board of India (SEBI).

Earnings Call Details

The upcoming earnings call will provide investors and stakeholders with insights into the company's Q3FY25 financial results. This quarterly disclosure is a standard practice for listed companies to maintain transparency and keep shareholders informed about business performance.

Regulatory Compliance

The announcement has been made under Regulation 30 of SEBI regulations, which requires listed companies to disclose material events and information that could impact investor decisions. This regulation ensures that all stakeholders have access to relevant financial information in a timely manner.

Investor Engagement

The scheduled earnings call represents an important opportunity for investors, analysts, and other stakeholders to gain detailed insights into the company's quarterly performance. Such calls typically include management commentary on financial results, business developments, and responses to investor queries.

Super Tannery Limited has received a rating reaffirmation from CARE Ratings Limited, with the credit rating agency maintaining its BBB- stable outlook on the company's banking facilities worth ₹108.80 crore. The rating reflects the leather manufacturer's resilient operational performance and experienced management team despite challenging market conditions.

Rating Details and Facility Breakdown

CARE Ratings reaffirmed ratings across multiple facility categories for Super Tannery Limited:

The rating agency highlighted the company's ability to sustain operational performance despite sluggish demand in global markets, particularly noting the announcement made on November 12, 2025, regarding a potential business demerger as a key monitoring factor.

Financial Performance and Growth Trajectory

Super Tannery demonstrated robust financial performance in FY25, with significant improvements across key metrics:

The company's revenue growth was driven by its strategic shift towards higher value-added leather footwear and components, which accounted for more than 50% of FY25 revenue. However, H1FY26 showed softer demand conditions in key European markets, with operating income declining to ₹129.66 crore compared to ₹136.02 crore in H1FY25.

Improved Capital Structure and Coverage Metrics

Super Tannery's financial position strengthened considerably during FY25, with notable improvements in debt management and coverage ratios:

The improvement in capital structure was supported by healthy profit accretion, reduced working capital borrowings, and scheduled term loan repayments. The company's enhanced debt-servicing ability was evident from the improved coverage indicators and reduced total debt levels.

Operational Efficiency and Working Capital Management

Super Tannery achieved significant improvements in working capital efficiency, addressing one of its historical challenges:

The sharp improvement in operating cycle management translated into the highest net cash flow from operations in five years at ₹44.26 crore in FY25, demonstrating enhanced operational discipline and inventory management.

Key Strengths and Risk Factors

CARE Ratings identified several strengths supporting the rating, including experienced promoters with four decades of industry experience, long operational track record since 1953, and export presence across 40+ countries. The company exports approximately 81% of its total income, though this creates concentration risk with top ten customers contributing 81% of total sales.

Key challenges include intense competition from organized and unorganized players in the leather industry, elongated operating cycles despite recent improvements, and foreign exchange fluctuation risks. The company partially hedges 45-50% of its export exposure through forward contracts, with an additional 10% naturally hedged, though the absence of a formal hedging policy remains a concern.

Outlook and Liquidity Assessment

CARE Ratings maintained a stable outlook, expecting Super Tannery to sustain its operating and financial performance with adequate liquidity over the medium term. The company's liquidity position is supported by expected gross cash accruals of ₹14-15 crore against scheduled repayment obligations of ₹0.49 crore in FY26, with free cash and bank balance of ₹3.27 crore as of September 30, 2025.