Tata Consumer’s profit for the financial year 24 drops by 3%, turnover increases by 10%; declares a dividend of ₹7.75

“We delivered good revenue growth of 10% in FY24, but more importantly, EBITDA growth of 24% and significant EBITDA margin expansion,” said Sunil D’Souza, Managing Director & CEO, Tata Consumer.

For the January-March period of the current financial year (Q4 FY24), consolidated revenue from operations increased 9% year-on-year to ₹3,927 crore, with strong performance in the India operations, which grew 10%. The company’s PAT fell 23% to ₹268 crore versus ₹346 crore in Q4 FY23. However, EBITDA rose 22% year-on-year to ₹631 crore, while margin improved to 13.1% from 12% in the corresponding period last fiscal.

During the year, the company recorded growth in its Indian tea and salt business. “In FY24, the premium and sub-premium segments outperformed the overall business and accounted for more than two-thirds of India Tea revenue. The Gold, Premium and Tetley green franchises delivered strong results,” the company said in its earnings report.

According to the company, the premiumization agenda continues to make good progress, with the premium portfolio in both tea and salt showing good growth and contributing to an increasing share of the total portfolio. “Our growth businesses (Tata Sampann, RTD, Tata Soulfull, Tata SmartFoodz) continued their strong growth trajectory with 40% revenue growth in FY24.