Tata Consumer Products Limited has disclosed that its board of directors is actively exploring strategic options for property assets held through its subsidiary operations. The company's board is examining the potential sale of real estate holdings owned by TRIL Constructions Limited, a subsidiary entity.

Strategic Property Review

The exploration encompasses multiple strategic options for the property portfolio. The board's review includes potential divestment of Tata Consumer Products' ownership stake in TRIL Constructions Limited as part of the broader asset optimization strategy.

Current Transaction Status

The company has emphasized that the exploration remains in preliminary stages. No binding agreement has been executed regarding the potential property sale or stake divestment. The board continues to evaluate various options and potential structures for the transaction.

The disclosure reflects Tata Consumer Products' ongoing assessment of its subsidiary operations and asset portfolio optimization strategies. The company maintains transparency regarding the exploratory nature of these discussions while keeping stakeholders informed of potential strategic developments.

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.

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.

Operational Highlights and Exceptional Items

The company's operating performance improved significantly, with branded business benefiting from tapering tea cost inflation, though this was partially offset by coffee cost inflation in international operations and higher brand investments. The quarter included exceptional items totaling ₹22.86 crores, comprising profit on sale of non-core assets of ₹35 crores, incremental impact of New Labour Codes of ₹23 crores, and asset write-offs of ₹35 crores.

Financial Position and Ratios

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. Operating margin stood at 11.13% while net profit margin reached 7.52% for the quarter.

The Board of Directors approved these unaudited financial results at their meeting held on January 27, 2026, with the results being reviewed by the Audit Committee and subjected to limited review by the company's statutory auditors, Deloitte Haskins & Sells LLP.