Interim report
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11/13 Botawala Building 1st Floor Office No 2-6 Horniman Circle Fort Mumbai 400 001 India Tel: 91-22-6121-8400 | Fax: 91-22-61218499 Registered Office: Tata Centre, 1st Floor, 43, Jawaharlal Nehru Road, Kolkata – 700 020 Corporate Identity Number (CIN): L15491WB1962PLC031425 Email: investor.relations@tataconsumer.com Website: www.tataconsumer.com Public January 27, 2026 National Stock Exchange of India Limited Exchange Plaza, C-1, G Block Bandra Kurla Complex, Bandra (E) Mumbai 400 051 Scrip Code – TATACONSUM BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001 Scrip Code - 500800 The Calcutta Stock Exchange Limited 7 Lyons Range Kolkata 700 001 Scrip Code – 10000027 (Demat) 27 (Physical) Subject: Outcome of Board Meeting and Unaudited Financial Results for the quarter and nine months period ended December 31, 2025 Dear Sir/Madam, In accordance with Regulations 30, 33 and 52(4) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( “SEBI Listing Regulations ”), we are pleased to submit the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months period ended December 31, 2025, along with the Limited Review Reports of the Auditors thereon. These results have been approved by the Board of Directors at their meeting held on January 27, 2026. The Board Meeting commenced today at 11:00 a.m. and concluded at 01:10 p.m. The ab ove informati on is al so bei ng m ade availabl e on t he websit e o f th e Compan y at www.tataconsumer.com. We request you to take this on record and to treat the same as compliance with the applicable provisions of SEBI Listing Regulations. Thanking you. Yours Truly, For Tata Consumer Products Limited Delnaz Dara Harda Company Secretary & Compliance Officer ACS 73704 Encl.: as above G TATA TATA CONSUMER PRODUCTS LIMITED
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Deloitte Haskins & Sells LLP Chartered Accountants One International Center, Tower 3, 31st Floor, Senapati Bapat Marg Elphinstone Road (West) Mumbai - 400 013 Maharashtra, India Tel: +91 22 6185 6000 Fax: +91 22 6185 4101 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF TATA CONSUMER PRODUCTS LIMITED 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Tata Consumer Products Limited (the "Company") for the quarter and nine months ended December 31, 2025 (the "Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 & Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and Regulation 52 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ("SRE") 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India ("ICAI"). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted and procedures performed as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. Place: Mumbai Date: January 27, 2026 For Deloitte Haskins & Sells LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) ~4 Mukesh Jain (Partner) (Mem bership No. 108262 UDIN : ib ioi lb2..G1I TC.. '( V4496 Regd. Office: One International Center, Tower 3, 31st floor, Senapati Ba pat Marg, Elphinstone Road (West), Mumbai-400 013, Maharash tra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737
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G TATA Tata Consumer Products Limited Registered Office: Tal3 Centre, 1st Floor, 43 Jawaharlal Nehru Road, Kollcata-70O071 CIN - Ll5491WB1962PLC031425, Email : investor.relation,@tataconsumer.com, Website: www.rntaco nsurner.rnrn Unaudited Standalone Financial Results for the quarter and nine months ended December 31, 2D25 Three months ended Year to date ended Particu lc1 rs December 31, September 30, December 31, December 31, December 31, 2025 2025 2024 2025 2024 Unaudited Unaudited Unaudiled Unaudited Unaudited Revenue fiom Operation, 3684.02 3595.22 3200.14 1080B.29 9447.69 Other Income 14.6S 28.50 410.71 520.70 441.89 Total Income 369B.67 3623. 72 3610.85 11328.99 9889.58 Cost of M~ten,ls Consumed 1061.59 1204.33 1268.74 3551.41 3446.45 Purchase of Stock-in-Trade 1260.33 1307.61 973.03 3671,21 2935.55 Changes in inventories of finished goods, work-in-ptogr-ess &. stock-in-trade 63.93 (!39.➔3) (41.49) (90.39) (130.40 ) Employees Ilenefrts Expense 186.83 187.55 157.06 552.06 452.95 Fini.'.lnce Costs 22.12 24.75 31.80 67.86 181.89 Depredation and Amortisation Expense 59.06 55.49 54.17 167.79 160.83 Other Expenses 628.04 S98.79 527.69 1802.00 1673.06 Total EQJenses 3281.90 3239.09 2971.00 9721.94 6720.33 Profit before Exceolional Items and Tax 416,77 384,63 639.85 1607.05 1169.25 Exceptioflal Items (Net) 18.43 . 18.43 (24.80 ) Profit before Tall 435.20 384.63 639.85 1625.48 1144.45 Tax Expense Current Tax (US.OB) (97.03) (61.42) (298.90) (151.96) Deferred Tax 0.72 (2.41) (8.62) (6.59) (14.&4) Total Tai< Expense ( Net} (114.36) (99.44) (70.04) {305.49) (166.60) Ne.t Profit after Tax (A) 320.64 285. 19 569.81 1319.99 977.85 Other Comprehensive: Income i) !tern. 1/uJt will not be rec/assitied to profit or Jass Remeasurement or defined benefit plans 2.77 4.74 1.53 3.13 (8.26) Chanae.s in l"air valuatiOl'I or eouitv insb"uments (49.371 50.99 4.44 10.87 12.78 [46.60) 55.73 5.97 14.00 4.52 Tax imoact of above item5 6.36 (8.47 (3.05\ (2.34) (1,5]) {4-0,24) 47.26 2.92 11.66 2.99 ii) Item$ that w,11 be redJssilied to profit or loss Goins/(lossl on effective l)Ortion of cash now hedaes (2.54} (14.11) (S.84) (15.57) (6.55) Tax jmoact of above. item 0.64 3.55 1A7 3.92 t.65 11,90) (10.56) (4.37) (11,65) (4.90 ) Total 01:ller Comprehen.5ive Income, net of tax (II) [42.14) 36.70 (1.45) 0.01 (1.91) Total Comprehensive Income (A+B) 278.70 321.89 568.36 1320.00 975.94 P•id·up equity share capital (F•ce value of Re. l each) 98.95 98.95 9$.95 98.95 98.95 Reserves excluding Resaluation R<'Serves E•mings per Share (not annualised for tne quarter and year to date) Basic· Rs 3.24 2.88 5.76 13.34 10.03 Diluted - Rs 3.24 2.88 5.76 13.33 10.03 Rs. In Cron•• Year ended March 31, 2025 Audited 12801.85 457 .10 13256.95 4696.36 3974.07 (l2S.04) 597.05 202.61 215.99 2250.07 11811.11 1+17.84 55.40 1503.24 (218,22) (30,27) (248,49) 1254.75 (4.97) U.05 8.08 12.50\ 5.58 1,88 (Q.47) 1.41 6.99 1261.74 98.95 16911.01 12.82 12.az
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Notes: 1. For the quarter, Revenue from operations at Rs. 3684 Crores grew by 15% as compared to the corresponding quarter of the previous year, driven by growth in both Branded and Non-branded business. Operating performance of branded business improved mainly on account of tapering of tea cost inflation, partly offset by lower margins in the Non-Branded Business. Profit before exceptional item and tax at Rs 417 Crores is lower, as compared to the corresponding quarter of the previous year, mainly due to dividend income of Rs 390 Crores from overseas subsidiaries in the previous quarter partly offset by improved operating performance. Consequently, Profit after tax at Rs 321 Crores is also lower. 2. The Government of India notified on November 21, 2025, the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating existing labour laws. The Company has assessed and accounted the incremental impact of these changes on the basis of the best information available. Considering the regulatory driven non-recurring nature, the impact has been disclosed under Exceptional Items in the financial results for the period ended December 31, 2025. The Government of India is in the process of notifying related rules to the New Labour Codes and the impact of these will be evaluated and appropriately accounted as and when notified. 3. Exceptional item for the current quarter represents profit on sale of non-core asset of Rs 35 Crores and incremental impact of New labour Codes of Rs 17 Crores. 4. In accordance with Ind AS 108 "Operating Segments", segment information has been given in the consolidated financial results, and therefore, no separate disclosure on segment information is required in these standalone financial results. 5. Additional disclosures as per Regulation 52(4) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is annexed. 6. The aforementioned results were reviewed by the Audit Committee of the Board on January 27, 2026, and subsequently taken on record by the Board of Directors at its meeting held on January 27, 2026. The Statutory Auditors of the Company have conducted limited review on these results. Mumbai: January 27, 2026 Sunil D'Souza Managing Director and CEO
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•T• TATA Tata Consumer Products limited Registered Office: Tata Centre, 1st Floor, 43 Jawaharlal Nehru Road, Kolkata-700071 ON - Ll5491 WB1962PLC03142S, Email : investor.relations@taraconsumer.com, Website : www.tataconsumer.com Additional information pursuant to Regulation 52{4) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, for Standalone financial results for the quarter and nine months ended December 31, 2025 Three months ended Year to date ended Year ended Particl:.llars December 31, September 30, December 31, December 31, December 31, March 31, 2025 2025 2024 2025 2024 2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited a. Dellt·Equity Ratio 0.05 0.05 0.0S o.os 0.05 0.03 b. Dellt service coverage ratio 12.24 10.40 18.30 16.21 6.80 7.55 c. Interest Service Coverage Ratio 21.0S 16.67 27.38 27.44 8.36 9.65 d. Net worth (Rs. Crores) 17528.23 17243.89 16720.88 17528.23 16720.88 17009.96 e. current ratio 1.32 1.26 1.24 1.32 1.24 1.28 f. Long term debt to working capital 0.34 0.34 0.30 0.34 0.30 0.29 g. Current liability ratio 0.74 0.74 0.73 0.74 0.73 0.73 h, Tota I debts to total assets 0.04 0.04 0.04 0.04 0.04 0,02 I. Debtors turnover • 21.32 21.88 21.67 22.92 24.30 24,97 j. Inventory turn over • 6.61 7.86 S.57 6.29 5.86 6.74 k. Operating margin % 11.52% 10.59% 8.49% 10.69% 9.74% 9.41% I. Net profit margin % 8.71% 7.93% 17.81% 12.21% 10.35% 9.80% • Annualised for the quarter and year to date Following definitions have been considered for the purpose of computation of ratios and other information: Ratio Numerator Denominator Totil Debts Debl-Equ;ty Ratio (Non-current borowings + Current borrowings + Non-current Total Equity and current lease liabilities) Debi Service Coverage Ratio Earnings available for debt service Interest ,md Lease payments + Principal Repayments (excludes commercial paper repayment) Interest Service Coverage Ratio Earnings available for debt service Interest payments Net Worth Total Assets - Total liabilities Current Ratio Current Assets Current Liabilities Long term debt to wor1<ing capital Long term debt + Non-current lease liabilities+ Current Current Assets - (Current Liabilities - Current maturities of maturities of long term borrowings and lease liabilities long term borrowings and lease liabilities ) Current liability ratio Current Liabilities Total Liabilities Total debts to total assets Total Debts Total Assets Debtors turnover Revenue from Operations Average Trade receivables Inventory turnover Revenue from Operations Average Invent ory Earnings Before Interest and Tax {EBIT) Operating margin% EBIT = Pront before exceptional items and tax+ Finance Revenue from Operations Costs - Intererst and Investment lnrnme Net profit margin % Profit after Tax Revenue from Operations
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Deloitte Haskins & Sells LLP Chartered Accountants One International Center, Tower 3, 31st Floor, Senapati Bapat Marg Elphinstone Road (West) Mumbai -400 013 Maharasht ra, India Tel: +91 22 6185 6000 Fax: ,..91 22 6185 4101 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF TATA CONSUMER PRODUCTS LIMITED 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of TATA CONSUMER PRODUCTS LIMITED (the "Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as the "Group"), and its share of the net profit/(loss) after tax and total comprehensive income of its associates and joint ventures for the quarter and nine months ended December 31, 2025 (the "Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 and 52 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements ("SRE") 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India ("!CAI"). A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, to the extent applicable. 4. The Statement includes the interim financial information of the entities listed in Annexure A. 5. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review report of the other auditor referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 and 52 of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. Regd. Office: One International Center, Tower 3, 31st floor, Senapati Ba pat Marg, Elphinstone Road (West), Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737
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Deloitte Haskins & Sells LLP 6. We did not review the interim financial information of one subsidiary included in the Unaudited Consolidated Financial Results, whose interim financial information reflect total revenues of H65.58 crore and N64.14 crore for the quarter and nine months ended December 31, 2025 respectively, total net profit after tax of ~6.46 crore and H9.91 crore for the quarter and nine months ended December 31, 2025 and total comprehensive income of zS.99 crore and l18.76 crore for the quarter and nine months ended December 31, 2025 respectively as considered in the Statement. The consolidated unaudited financial results also include the Group's share of profit/(loss} after tax of ~1.37 crore and ~(0.23} crore for the quarter and nine months ended December 31, 2025 respectively and total comprehensive income of H.50 crore and l0.15 crore for the quarter and nine months ended December 31, 2025 respectively, as considered in the Statement in respect of one associate, whose interim financial information have not been reviewed by us. These interim financial information have been reviewed by other auditors whose report has been furnished to us by the Management and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary and associate are based solely on the report of the other auditors and the procedures performed by us as stated in paragraph 3 above. Our conclusion on the Statement is not modified in respect of this matter . Place: Mumbai Date: January 27, 2026 For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) ~ ~ Mukesh Jain Partner (Membersh ip No. 108262) UDIN: ).('.,10~1(,2RT'I M(tR 1{,1:l
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Deloitte Haskins & Sells LLP Annexure A: Sr. No. Name of the Entities: Parent: Tata Consumer Products Limited Subsidiaries: 1 Tata Consumer Products UK Group Limited 2 Tata Global Beverages Holdings limited 3 Tata Global Beverages Services Limited 4 Tata Consumer Products GB Limited 5 Tata Consumer Products Overseas Holdings Limited 6 Tata Global Beverages Overseas Limited 7 Lyons Tetley Limited 8 Drassington Limited 9 Teapigs Limited 10 Teapigs US LLC 11 Stansand Limited 12 Stansand (Brokers) Limited 13 Stansand {Africa) Limited 14 Stansand (Central Africa) limited 15 Tata Consumer Products Polska sp.z.o.o 16 Tata Consumer Products US Holdings Inc. 17 Tata Consumer Products US Inc. (Formerly Tetley USA Inc.) 18 Tata Consumer Products Canada Inc . 19 Tata Consumer Products Australia pty Limited 20 Tata Global Beverages Investments Limited 21 Suntyco Holding Limited 22 Onomento Co Limited 23 Tata Consumer Products Capital Limited 24 Capital Foods Private Limited 25 Tata Coffee Vietnam Company Limited 26 Consolidated Coffee Inc. 27 Tata Tea Extractions Inc . 28 Tea Holdings Private Limited 29 TRIL Constructions Limited 30 Tata Coffee Limited (Formerly TCPL Beverages & Foods Limited) 31 Joekels Tea Packers (Proprietary) Limited 32 Tata Consumer Products Bangladesh Limited (Formerly Tetley ACI (Bangladesh) Limited) 33 Organic India Private Limited 34 Organic India USA LLC l
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Deloitte Haskins & Sells LLP Sr. No. Name of the Entities: Joint Ventures: 1 Tata Starbucks Private Limited 2 Tetley Clover (Pvt) Limited {under liquidation) Associates: 1 Amalgamated Plantations Private Limited 2 Kanan Devan Hills Plantation Company Private Limited l
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.,. TATA Tata Consumer Products Limited Regisrere<I Office: Tat, Centre. 1st Floor, 43 Jawaharlal Nehru Road, ""'kata • 700071 ON - L15491WB1962PLCD31425, Email: investor.relations@tatacaisumer.com, Website: www.tatacor,sunier.c.om Unaudited Consolidated Financial Results for the quarter and nine months ended t>ecember 31, 2025 Three month< ended Year to date ended Particular> December 31, September JO, December 31, December 31, December 31, 2025 2025 2024 2025 2024 Unaudited Unaudited URilPdited Unaudited Unaudited Reven lJ e fmm Operations 5112.00 4965.90 444356 14856,U 13010.08 Other lncome 33.01 38.01 51.60 112,19 136.74 Total '1h<0me 5145.01 5003.91 4495.16 14969.00 13146.82 Cost of Materials Consumed 1842.53 1984.40 1806.67 5863.63 5131.84 Purchase of Stock-in· Trade 104S.92 957.46 859. 18 2950.26 2544.86 Changes in. inverito.-ies of Rnished goods, work-in-progress and stock-in-trade 36.77 (65.53) (47.4 1) (149.64) (283.95) Employee Benefits Expense 434.49 406.70 ]77.95 1226.Bl 1086.48 Finance Costs 31.62 ]].23 57.92 98.61 250.21 Dep,ec:i~lion and Amortisation Expense 159.29 15].28 150.32 461.50 447.65 other E"llenses 1031.62 1011.09 882.44 2966.34 2672,45 Total IE"Pc:n5c:S 4582.M 4480.63 4087.07 13417.53 11849.54 Profit before E,cceptional Item• and Tax 562.77 523.28 408.09 1551,47 1297.28 Except;onal Items (Net) (22.86) (li.16) {22,B6) (50.43) Profit bet'""' Ta>< 539.91 523.28 401.93 1528.&1 1246,85 Tax EJcpense Current tax (152,82) (131.60) (106.34) {398.D4) (285.15) Deferred 13• 15,70 6,37 4.16 15,71 11.54 Total Tilx Elcpense (Net) (137.12) (126.23) (102.18) {382.33) (273.61) Net Profihfter Tax 402,79 397.05 299.75 1146.28 973.24 Share of net profitJ(loss) in Associates and Joint Ventures using "Guity method {18.27) 9.46 (17.8]) (23.50) (]4.86) Group Con>0lidaled Net Profit (A) 384.52 406.51 281.92 1122,78 938,38 Attributable ID : Owners or the Parent 384.61 404.46 278,SB 1123.22 933.62 Non Con trolling lnlerest (0.09) 2.05 3.04 (0.44) 4.76 0th er Comprehensive In come i) ltemS that wiQ nor be reclassified lo profit or loss Remeasurement of the defined benefit plans 2.60 6.70 (11.70) 1,82 (12..05) Changes in fair valuation or "Guity instruments (49.37) 50.99 4.44 10,85 12.78 (46.77) 57.69 (7.26) 12.67 0.73 Ta)!: ;mpacton above items 6.91 (8.27) (0,28) (0.93) (1.41) (39.86) 49.42 [7.54) 11.74 (0.66) 1/) I/em'i lllat will be reclaSSJ!ieid to profit or loss Exchange differences on translation of foreign operations 114.11 198.79 (BJ.13) 551,00 144.SO Galns/(los.) on Effective portion of cash How hedges 2.55 6,97 17.02 (47.54) 4.67 116,&6 20S. 76 (116,11) SOJ.46 149.17 Tax impact on above items 3.90 (6.58) (5.43) 18.39 (5.61) 120.56 !99.08 (121.54) 521.85 143.56 Total Other Comprehen•ive Income, net of ta>< (B) 80.70 248.50 (129.08) 533.59 142,88 Attributable to : Owners of the Pa rent 76.71 244.32 (124.77) 523.BB 140.61 Non Controlling Interest J.99 4.18 (4.31 ) Y.71 2.27 Total Comprehensive Income (A+B) 465.22 6S5.01 152.84 1656.37 1081.26 Attributable to : Owners of the Parent 461.32 648.76 154.11 1647,10 1074.23 Non Controlling Interest 3.9D 6.23 (1.27) 9,27 7.03 Paid·uo eauity share capital (Face value of Re l each) 98.95 98.95 98.95 98.95 9S.95 ~eserves excluding Revaluation Reserve Earnings Per share (not annualised for tile quarter and year to date ended) Basic• Rs 3.88 4.09 2.82 11.35 9.57 Diluted -Rs 3.88 4.09 2.82 11,34 9.57 RsinCrores Year ended March 31, 2025 Auditell 17618,30 193.25 17811,55 6997.40 3434.37 (362.49) 1◄30. 10 290.20 600.74 ]6]9.57 16029.89 1781.66 (S,11) 1776.SS (359.33) (36.91) (396.24) 1380.31 (9].21) 1287.10 1278.47 8,63 46.34 10.54 56,SB (14.64} 42.24 245.25 28.85 275.10 {10.14 ) 264.95 307.20 302.96 4,24 1594,30 1581-4] 12.87 96.95 19902.13 13.06 13.06
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Notes: 1. For the quarter, Revenue from Operations grew by 15% (13% in constant currency), as compared to the corresponding quarter of the previous year, driven by underlying growth of 13% in India Business, 11 % ln International Business and 20% in Non-Branded Business. Improvement in operating performance of Branded Business aided by lower tea cost inflation led margin expansion in India partly offset by coffee cost inflation in International business and higher investments behind brands, Non-Branded Business margins were lower on account of reversals of fair value gains of previous year. Profit before exceptional items and tax at Rs 563 Crores is higher by 38%, as compared to the corresponding quarter of the previo us year, on account of higher operating profits and lower finance costs. Group Consolidated Net Profit at Rs 385 Crores is higher by 36%. 2. The Government of India notified on November 21, 2025, the four Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating existing labour laws. The Group has assessed and accounted the incremental impact of these changes on the basis of the best information available. Considering the regulatory driven non-recurring nature, the impact has been disclosed under Exceptional Items in the consolidated financial results for the period ended December 31, 2025. The Government of India is in the process of notifying related rules to the New Labour Codes and the impact of these will be evaluated and appropriately accounted as and when notified. 3. Exceptional item for the current quarter represents profit on sale of non-core asset of Rs 35 Crores, incremental impact of the New Labour Codes of Rs 23 Crores and assets written off amounting to Rs 35 Crores. Exceptional item for the corresponding quarter of previous year represents restructuring cost of Rs 6 Crores. 4. Share of profit/(loss) in Associates and Joint Ventures include the profit/(loss) of an Associate operating in North India plantations, which are seasonal in nature. 5. Additional information pursuant to Regulation 52(4) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, is annexed. 6. The results were reviewed by the Audit Committee of the Board on January 27, 2026, and subsequently taken on record by the Board of Directors at its Meeting held on January 27, 2026. The Statutory Auditors of the Company have conducted limited review on these results. 7. The Consolidated and Standalone result for the quarter and nine month ended December 31, 2025 are available on the BSE Limited's website (URL: www.bseindia.com), the National Stock Exchange of India Limited's website (URL: www.nseindia.com) and on the Company's website (URL: www.tataconsumer.com ). Mumbai: January 27, 2026 Sunil D'Souza Managing Director and CEO
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.,. TATA Tata Consumer Products Limited Registered Office: Tat! Centre, 1st Floor, 43 Jawaharlal NehriJ Road, KoUcat, • 70007l ON• Ll549lWSl962PLCll3l425, Email: investor.re/ations@tataconsumer.com. Website: www.tataconsumer.com Unaudited Consolidated Segment wise Revenue, Results, Assets and Liabilities for the quarter and nine months ended December 31, 2025 Rs in Crores Three months ended Year to date ended Year ended Pa rticu la rs December 31, 5eptember 30, December 31, December 31, December 31, March 31, 2025 2025 2024 2025 2024 2025 Unaudited Unaudfted Unaudited Unaudited Unaudited Audited Segment Revenue Brai nded Business India Business 3203.12 3122.15 2833.68 9450.97 8303.99 11240.71 International Business 1399.67 1287.71 1192.47 3832.58 3354.87 4548.55 Tot.al Branded Business 4602.79 4409.86 4026.15 13283.55 11658.86 15789.26 No" Branded Business 546.67 590.16 446.12 1672.59 1408.98 1909.53 Total Segment Revenue 5149.46 5000.02 4472.27 14956.14 13067.84 17698.79 OtherS 10.35 11.53 9.15 32.18 31.54 39.65 Less: Inter seQment Sales (47.81) [45.65) (37.86) (131.51) (89.30) (120.14) Reve J1ue from Operations 5112.00 4965.90 4443.56 14856.81 13010.08 17618.30 Segment Results Branded Business India Business 400.21 358.76 210.34 1049.26 779.34 1020.98 International Business 172.24 147.76 166.66 474.55 509.33 666.61 Total Branded Business S72.45 506.52 377.00 1S23,81 1288.67 1687.59 Nori Branded Business 65.51 75.97 92.95 206.00 295.15 407 .11 Total Segment Results 637.96 582.49 469.95 1729.81 1583.82 2094.70 Add/(Less} 0th er Income 25.37 34.45 38.38 92,55 117.22. 170.17 Finance Cost (31.62) (33.23) (57.'l2) (98.61) (250.21) (290.20) Unallocable Items (68.94) (60.43) (42..32) (172.28} (153.55) (193.01) Exceotiona I Items (22.86) - (6.16' (22,86} (50.43' 15.11) Profit Before Tax 539.91 523.28 401.93 1528.61 1246.85 1776.55 Segment Assets Branded Business India Business 17123.71 16769.55 17551.68 17123.71 17551.68 16910.40 International Business 8283.91 8053.41 74S5.62 8283.91 7455.62 7408.8 2 Total Branded Business 25407.62 24822.96 25007.30 25407.62 25007.30 243 19.22 Non Branded Business 2B42.39 2763.43 2448.54 2842.39 2448.54 2613.01 Total Segment Assets 28250.01 27586.39 27455.84 28250,01 27455.84 26932.23 Unallocable Corporate Assets 4362.33 4420.08 4172.24 4362,33 4172.24 5045.45 Total Assets 32612.34 32006.47 31628.08 32612.34 31628.D8 31977.68 Segment Liabilities Branded Business India Business 2963.03 2644.33 3234.46 2963.03 3234.46 3 134.61 International Business 1240.74 1158.98 1055.11 1240.74 1D55.11 1185.21 Total Branded Business 4203.n 3803.31 4289.57 4203.77 4289.57 4319. 82 Non Branded Business 314.38 297.90 283.21 314.38 283.21 282.09 Total Segment Liabilities 4518.15 4101. 21 4572.78 4518.15 4572.78 4601.91 Unallocable Corporate Liabilities 5953.52 6200.39 6412.30 S953.S2 6412.30 5985.47 Total Liabilities 10471,67 10301.60 10985.08 10471.67 10985.08 10587.38 Notes: a. The Group has organised business into Branded Segment and Non Branded Segment. Branded Segment is further sub-categorised as India Business and International Business. Accordingly, the Group has reported its segment results For these segments. b. Business Segments: The internal business segmentation and the activities encompassed therein are as follows: i) Branded Business • India Business : Sale of branded Tea, Coffee & Water and sale of food products in various value added forms. International Business : Sale of branded Tea, Coffee & Water and sale of food products in various value added Forms. ii) Non Branded Business· Plantation and Extraction business for Tea, Caffee and other produce. c. The segment wise revenue, results, assets and liabilities figures relate to tile respective amounts directly identifiable to each of the segments. Unallocable items includes expenses incurred on common services at the corporate level. other Income excludes allocable income to segment results.
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.,. TATA Tata Consumer Products Limited Registered Office: Tata Centre, lst Floor, 43 Jawaharlal Nehru Road, Kolkata • 700071 CIN • ll5491W81962PLC031425, Email , investor.rela~ons@tataoonsumer.com, Website: www.tatlconsumer.com Additio'1al informo1tion pursuo1nt to Regulation 52{4) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, for Consolidated fi nandal resu Its for the quo1rter and nine months ended December 31, 2025 Three months ended Vear to do1te ended Year ended Particulars December 31, September 3 0, December 31, December 31, December 31, Mardl 31, 2025 2D25 2D24 2025 2024 2025 Unaudited Unaudited Unaudited Unaudited Unaudited Audited a. Debt-E'quity Ratio 0.11 0.12 0.12 0.11 0.12 0.11 b. Debt «;ervice coverage ratio 7.90 12.62 12.18 9,04 5.58 5.79 c. Interest Service Coverage Rotio 18.30 22.30 9.43 19.08 7.00 8.71 d. Net worth 22140.67 21704.B? 20643.00 2.2140.67 20643.00 21390.30 e. Current ratia 1.62 1.54 1.47 1.62 1.47 1.54 r. Long term debt to working capital 0.28 0.30 0.27 0.28 0.27 0.24 g. Current liability ratio 0.53 0.53 0.53 0.53 0.53 0.55 h. Total debts m total assets 0.08 0.08 0.08 0,08 0.08 0.07 I. Deb to rs tu mover ~ 17.22 18.34 18.49 19,03 19.09 19.95 j. Inventory turnover a: 5.37 5.90 4.85 5.18 5.11 5.53 k. Operating margin% 11.13% 10.51% 9.62% 10.48% 10.99% 10.79% I. Net pront margin % 7.52% 8.19% 6.34% 7.56% 7.21% 7.31% • Annualised for !he quarter and year to date Following definitions nave been considered for the purpose of computation of ratios and other information : Ratio Numerator Denominator Totlll Del>ts Debt-Equity Ratio (Non-<: urre nt borrowings + Current bonowings + Non- Total Equity current and current lease I;abilities) Debt Service Coverage Ratio Earnings ova ilable for debt service Interest ond Lease payments+ Principal Repayments (excludes Commercial paper repayment) Interest Service Coverage Ratio Earnings available for debt service Interest payments Net Worth Total Assets - Total liabilities Current Ratio Current Assets Current Liabilities Long term debt to working capital Long term debt + Non-<:urrent lease liabilities+ Current Current As.sets - (Current Liabilities - Current matur iti,es of maturities of tong term borrowing and lease liabilities long term borrowings and lease liabilities) Current liability ratio Current Liabilities Total Liabilities Total debts to total assets Tot.31 Debts T oral Assets Debtors tu mover Revenue from Operations Average Trade receivables Inventory turnover Revenue from Operations Average Inventory Earnings Before Interest and Tax (EBIT) Operating margin% EBIT ~ Prom before exceptional items and tll• + Finance Revenue from Operat ions Costs - Interest and Investment Income Net profit margin % Profit after Tax (Group Net Pror.t) Revenue from O JJErations