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 October 26, 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 B oard Meeting and Unaudited Financial Results for the quarter and half year ended September 30, 2026 Dear Sir/Madam, In accordance with Regulation s 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 half year ended Se ptember 30, 2026, along with the Limited Review Reports of the Auditors thereon. These results have b een approved by the Board of Directors at their meeting held today, i.e. October 26, 2026. The Board Meeting commenced today at 02:00 p.m. and concluded at 04:20 p.m. The a bove i nformation i s a lso be ing m ade a vailable on the website of t he C ompany a t www.tataconsumer.com. We reques t you to take this on record and to treat the same as compliance with the applicable provisions of SEBI Listing Regulations. Thanking you. Yours Tr uly, 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 & Sel Is LLP Chartered Accountants One International Center Tower 3, 31st Floor Senapati Bapat Marg Elphiristone Road (West) Mumbai - 400 013 Maharashtra, India Tele: + 91 22 6185 6000 Fax: +91 22 6185 4101 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RES UL TS 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 six months ended September 30, 2026 (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: October 26, 2026 For Deloitte Haskins & Sells LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) ~ I'~ , -f . Mukesh Jain (Partner) (Membership No. 108262) UDIN: 26108262TNSZKT5637 Regd. Office: One International Center, Tower 3, 31st Floor, Senapati Bapat Marg, Elphinstone Road (West) , Mum bai - 400 0 13, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Lim ited Liability having LLP identification No.: AAB-8737
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.,. TATA Tata Consumer Products Limited Registered Office: Tata Centre, 1st Floor, 43 Jawaharlal Nehru Road, Kolkata-700071 CIN - L15491WB1962PLC031425, Email : 1nvestor.relations@tataconsumer.com, Website : www.ta taconsumer.com Unaudited Standalone financial Results for the quarter and six months ended September 30, 2026 Three months ended Year to date ended Particulars September 30, June 30, September 30, September 30, September 30, 2026 2026 2025 2026 2025 Unaudited Unaudited Unaudited Unaudited Unaudited Revenue from Operations 4207.50 4028.32 3595.22 8235.82 7124.27 Other Income 22.87 427.14 28.50 450.01 506.05 Total Income 4230.37 4455.46 3623.72 8685.83 7630.32 Cost of Materials Consumed 1241.44 1337.79 1204.]3 2579.23 2489.82 Purchase of Stock-in-Trade 1660.30 1463.70 1307.61 3124.00 2410.88 Changes in inventories of finished goods, work-in-progress & stock-in-trade (70.58) (161.54) (139.43) (232.12) (154.32) Employees Benefits Expense 232.17 211.88 187.55 444.05 365.23 Finance Costs 25.97 19.99 24.75 45.96 45.74 Depreciation and Amortisation Expense 60.43 59.75 55.49 120.18 108. 73 Oth~r Expenses 661.73 692.34 598.79 1354.07 1173.96 Total Expenses 3811.46 3623.91 3239.09 7435.37 6440.04 Profit before Exceptional Items and Tax 418.91 831.55 384.63 1250.46 1190.28 Exceptional Items (Net) (64.37) (64.37) Profit before Tax 354.54 831.55 384.63 1186.09 1190.28 Tax Expense Current Tax (109.73) (116.25) (97.03) (225.98) (183.82) Deferred Tax (2.00) (1.03) (2.41) (3.03) (7.31) Total Tax Expense (Net) (111.73) (117.28) (99.44) (229.01) (191.13) Net Profit after Tax (A) 242.81 714.27 285.19 957.08 999.15 Other Comprehensive Income i) Items that w!II not be reclassified to profit or loss Remeasurement of defined benefit plans 9.69 (1.14) 4.74 8.55 0.36 Changes in fair valuation of equity instruments {9.051 22.21 50.99 13.16 60.24 0.64 21.07 55.73 21.71 60.60 Tax impact of above items {1.121 /2.89 /8.47\ {4.011 (8.70) (0.48) 18.18 47.26 17.70 51.90 ii} Items that will be reclassified to profit or loss Gains/(loss) on effective portion of cash flow hedqes 6.61 24.21 (14.11) 30.82 (13.03) Tax imnact of above item {1.671 /6.09) 3.55 (7.761 3.28 4.94 18.12 (10.56) 23.06 (9.75) Total Other Comprehensive Income, net of tax (B) 4.46 36.30 36.70 40.76 42.15 Total Comprehensive Income (A+B) 247.27 750.57 321.89 997.84 1041.30 Paid-up equity share capital (Face value of Re. I each) 98.97 98.96 98.95 98.97 98.95 Reserves excluding Revaluation Reserves Earnings per Share (not annualised for the quarter and year to date ended) Basic - Rs. 2.45 7.22 2.88 9.67 10.10 Diluted - Rs. 2.45 7.21 2.88 9.66 10.09 Rs. in Crores Year ended March 31, 2026 Audited 14700.05 549.05 15249.10 4739.53 4953.95 (10.61) 745.00 90.99 229.14 2438.34 13186.34 2062.76 (16.17) 2046.59 (398.04) (13.40) (411.44) 1635.15 1.23 (15.73) (14.50) 1.94 (12.56) (36.97) 9.31 (27.66) (40.22) 1594.93 98.96 17705.85 16.52 16.51
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Notes: 1. For the quarter, Revenue from operations at Rs. 4208 Crores grew by 17% over corresponding quarter of the previous year driven by both Branded and Non-Branded Business. Profit before exceptional item and tax at Rs 419 Crores is higher by 9% due to improved operating performance. Profit after tax at Rs. 243 Crores is lower due to exceptional items. 2. Exceptional item for the quarter ended September 30, 2026, represents fair value loss of Rs 57 Crores on financial instrument held in an Associate, and adjustment of Rs 7 Crores relating to the contingent consideration paid on business acquisition. 3. 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 given in these standalone financial results. 4. Statement of Assets and Liabilities as at September 30, 2026, and Cash flow Statement for the period ended September 30, 2026, is annexed. 5. Additional information pursuant to Regulation 52( 4) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, is annexed. 6. The results were reviewed by the Audit Committee of the Board on October 26, 2026, and subsequently taken on record by the Board of Directors at its meeting held on October 26, 2026. The Statutory Auditors of the Company have conducted limited· review on these results. Mumbai: October 26, 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 CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website: www.tataconsumer.com Unaudited Statement of Assets and Liabilities as at September 30, 2026 As at Particulars September 30, 2026 Unaudited ASSETS Non-Current Assets Property, Plant and Equipment 718.82 Capital work-in -progress 9.30 Right of Use Assets 356.98 Goodwill 3859.95 Other Intangible Assets 2352.96 Intangible Assets under development 19.59 Financial Assets Investments 9896.33 Loans 0.80 Other Financial Assets 58.65 Non-Current Tax Assets (Net) 66.87 Other Non-Current Assets 256.31 17596.56 Current Assets Inventories 2336.91 Financial Assets Investments 601.85 Trade Receivables 806.76 Cash and Cash Equivalents 198.95 Other Bank Balances 213.18 Loans 248.88 Other Financial Assets 70.43 Other Current Assets 659.35 5136.31 TOTAL ASSETS 22732.87 EQUITY AND LIABILITIES Equity Equity Share Capital 98.97 Other Equity 17725.49 TOTAL EQUITY 17824.46 Non-Current Liabilities Financial Liabilities Lease Liabilities 325.82 Other Non-Current Liabilities 5.85 Provisions 156.56 Deferred Tax Liabilities 701.48 1189.71 Current Liabilities Financial Liabilities Borrowings 311.63 Lease Liabilities 61.02 Trade Payables Total outstanding dues of Micro enterprises and Small enterprises 103.38 Total outstanding dues of creditors other than Micro enterprises and Small enterprises 2832.43 Other Financial Liabilities 135.78 Other Current Liabilities 142.37 Provisions 126.96 Current Tax Liabilities (Net) 5.13 ) 3718.70 TOTAL EQUITY AND LIABILITIES 22732.87 Rs. in Crores As at March 31, 2026 Audited 715.83 5.35 378.88 3859.95 2393.49 13.55 9710.29 0.54 59.46 167.66 258.01 17563.01 1950.83 690.36 712.69 357.26 365.33 441.53 61.77 487.12 5066.89 22629.90 98.96 17705.85 17804.81 342.68 6.60 164.10 686.65 1200.03 273.81 60.71 107.00 2649.72 233.22 158.23 137.24 5.13 3625.06 22629.90
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G TATA Tata Consumer Products Limited Registered Office: Tata Centre, 1st Floor, 43, Jawaharlal Nehru Road, Kolkata -700071 CIN - Ll5491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website: www.tataconsumer.com Unaudited Standalone Statement of Cash Flows for the six months ended September 30, 2026 Rs in Crores Particulars September 30, September 30, 2026 2025 A. Cash Flow from Operating Activities Net Profit before Tax 1186.09 1190 .28 Adjusted for : Depreciation and Amortisation 120.18 108.73 Finance Cost 45.96 45.74 Dividend Income (390.09 ) (475.54) Gains on Current Investments (net) (20.92) (9.29) Interest Income (38.00) (19.96) Unrealised foreign exchange (gain) / loss 0.54 (0.07) Share based payment to employees 9.61 7.18 (Profit) / Loss on sale of Property, Plant & Equipment (net) 0.21 0.67 Exceptional Items : Fair value Loss on Financial Instruments 57.00 - Other Exceptional Expense / (Income) (net) 7.37 - Operating Profit before working capital changes 977.95 847,74 Adjustments for: Trade Receivables and Other Assets (236.17) (131.16) Inventories (386.08 ) 128.76 Trade payables and Other Liabilities 111.48 (550.87) Cash generated from/(used in) Operations 467 .18 294.47 Direct taxes paid (net) (125.16) (202.56) Net Cash from/(used in) ODeratina Activities 342.02 91.91 B. Cash Flow from Investing Activities Payment for Property, Plant and Equipment including Intangible Assets (65.21) (33.70) Sale of Property, Plant and Equipment including investment property 0.55 0.12 Sale of Non Current Investments carried at fair value through OCI 0.13 - Investment in Subsidiaries (230.00) (1.72) Payment of deferred consideration (67.69) (16.48) Dividend Income received 390.09 475.54 Interest Income received 35.08 20.95 (Purchase) / Sale of Current Investments (net) 109.43 (179.22) Fixed Deposits Placed 0.00 (10.00) Fixed Deposits Redeemed 158.00 25.10 Inter Corporate Deposits and Loans Placed (202.50) (383.50) Inter Coroorate Deposits and Loans Redeemed 395.50 311.25 Net cash from/ (used in) Investing Activities 523.38 208.34 C. Cash Flow from Financing Activities Proceeds from Allotment of shares on exercise of performance share units* 0.01 0.00 Proceeds from / ( Repayment of) Short term borrowings (net) 53.50 411.89 Payment of Lease Liabilities (31.46) (25.67) Dividend paid (989.57) (816.34) Finance Cost paid (40.51) (35.50) Net Cash from/ (used in) Financina Activities (1008.03) (465.62) Net increase/ (decrease) in Cash and Cash Equivalents (A+B+C) (142.63) (165.37) Opening balance of Cash and Cash Equivalents 325.45 225.38 Closina Cash and Cash Eauivalents 182.82 60.01 Reconciliation with Balance Sheet Cash and Cash Equivalents 182.82 60.01 Add : Bank Overdra~ 16.13 5.34 Balances at the end of the Deriod 198.95 65.35 * PY value is below Rs. 0.01 crores.
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•T• TATA Tata Consumer Products Limited Registered Office: Tata Centre , 1st Floor, 43 Jawaharlal Nehru Road, Kolkata-700071 CIN - Ll5491 WB1962PLC031425, Email: investor .relations@tatacon sumer.com, Website: www .tataconsumer .com Additional information pursuant to Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, for Standalone financial results for the quarter and six months ended September 30, 2026 Three months ended Year to date ended Year ended Particulars September 30, June 30, September 30, September 30, September 30, March 31, 2026 2026 2025 2026 2025 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited a. Debt-Equity Ratio 0.04 0.08 0.05 0.04 0.05 0.04 b. Debt service coverage ratio 8.22 24.88 10.40 15.61 18.27 14.90 C. Intere st Service Coverage Ratio 13.60 48.68 16.67 27.73 30.68 25.35 d. Net worth (Rs. in Crores) 17824.46 17570.24 17243.89 17824.46 17243.89 17804.81 e. Current ratio 1.38 1.37 1.26 1.38 1.26 1.40 f. Long term debt to working capital 0.26 0.28 0.34 0.26 0.34 0.27 g. Current liability ratio 0.76 0.75 0.74 0.76 0.74 0.75 h. Total debts to total assets 0.03 0.06 0.04 0.03 0.04 0.03 i. Debtors tu mover * 22.61 23.11 21.88 21.68 23.36 23.33 j. Inventory turnover * 8.14 8.60 7.86 7.68 6.87 7.19 k. Operating margin % 10.04% 10.55% 10.59% 10.29% 10.25% 10.92% I. Net profit margin % 5.77% 17.73% 7.93% 11.62% 14.02% 11.12% * Annualised for the quarter and year to date ended Following definitions have been considered for the purpose of computation of ratios and other information: Ratio Numerator Denominator Total Debts Debt-Equity Ratio (Non-current borowing s + Current borrowings + Non-current Total Equity and current lease liabilities) Debt Service Coverage Ratio Earnings available for debt service Interest and Lease payments + Principal Repayments ( excludes commercial paper repayment ) Interest Service Coverage Ratio Earnings available for debt service Interest payment s Net Worth Total Assets - Total liabilities Current Ratio Current Assets Current Liabilities Long term debt to working capital Long term debt + Non-current lease liabilities + Current Current Assets - (Current Liabilities - Current maturities of long maturities of long term borrowings and lease liabilities 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 Inventory Earnings Before Interest and Tax ( EBIT) Operating margin % EBIT = Profit before exceptional items and tax + Finance Revenue from Operations Costs - Intererst and Investment Income Net profit margin % Profit after Tax Revenue from Operations
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Deloitte Haskins & Sells LLP Chartered Accountants One International Center Tower 3, 31"1 Floor Senapati Bapat Marg Elphinstone Road (West) Mumbai - 400 013 Maharashtra, India Tele: + 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) a~er tax and total comprehensive income of its associates and joint ventures for the quarter and six months ended September 30, 2026 (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 ("ICAI "). 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 revlew 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, 31" Floor, Senapati 8apat Marg, Elphinstone Road (West) , Mumbai - 400 0 13, 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 assets of~ 1,149.83 crore as at September 30, 2026, total revenues of H63.72 crore and ~306.17 crore for the quarter and six months ended September 30, 2026 respectively, total net profit after tax of U2.34 crore and ~20.33 crore for the quarter and six months ended September 30, 2026 and total comprehensive income of H2.39 crore and U0.56 crore for the quarter and six months ended September 30, 2026 respectively and net cash outflows amounting to ~0.29 crore for six months ended September 30, 2026 as considered in the Statement. The consolidated unaudited financial results also include the Group's share of loss after tax of ~4.12 crore and B.60 crore for the quarter and six months ended September 30, 2026 and total comprehensive loss of M.30crore and M.50 crore for the quarter and six months ended September 30, 2026, 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: October 26, 2026 For DELOITTE HASKINS & SELLS LLP Chartered Accountants (Firm's Registration No. 117366W/W-100018) Mukesh Jain Partner (Membership No. 108262) UDIN: 26108262ETKKYP1628
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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. 18 Tata Consumer Products Canada Inc. 19 Tata Consumer Products Austral ia Pty Limited 20 Tata Global Beverages Investments Limited 21 Suntyco Holding Limited 22 Onamento Co Limited 23 Tata Consumer Products Capital Limited 24 Consolidated Coffee Inc. (under liquidation) 25 Tata Tea Extractions Inc. (under liquidation) 26 Capital Foods Private Limited 27 Tata Coffee Vietnam Company Limited 28 TRIL Constructions Limited 29 Tata Coffee Limited 30 Joekels Tea Packers (Proprietary) Limited 31 Tata Consumer Products Bangladesh Limited 32 Organic India Private Limited 33 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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G TATA Tata Consumer Products Limited Registered Office: Tata Centre, 1st Floor, 43 Jawaharlal Nehru Road, Kolkata - 700071 CIN - L15491WB1962PLC031425, Email: investor.relations@tataconsumer.com, Website: www.tataconsumer .com Unaudited Consolidated Financial Results for the quarter and six months ended September 30, 2026 Three months ended Year to date ended Particulars September 30, June 30, September 30, September 30, September 30, 2026 2026 2025 2026 2025 Unaudit ed Unaudited Unaudited Unaudited Unaudited Revenue from Operations 5661.13 5348.88 4965.90 11010 .01 9744.81 Other Income 38.57 71.94 38.01 110.51 79.18 Total Income 5699.70 5420.82 5003.91 11120.52 9823.99 Cost of Materials Consumed 2032.29 2084.64 1984.40 4116.93 4021.10 Purchase of Stock-in-Trade 1274.59 1167.40 957.46 2441.99 1904.34 Changes in inventories of finished goods, work-in-progress and stock- in-trade (4.90) (185 .15) (65.53) (190 .05) (186.41) Employee Benefits Expense 475 .76 445.81 406. 70 921.57 792.34 Finance Costs 25.70 39.09 33.23 64.79 66.99 Depreciation and Amortisation Expense 163.81 164.78 153.28 328.59 302.21 Other Expenses 1100.17 1112.04 1011.09 2212.21 1934.72 Total Expenses 5067 .42 4828.61 4480.63 9896 .03 8835.29 Profit before Exceptional Items and Tax 632.28 592.21 523.28 1224.49 988.70 Exceptional Items (Net) (7.37) (7.37) Profit before Tax 624.91 592.21 523.28 1217.12 988.70 Tax Expense Current tax (148.68) (151.18) (132.60) (299.86) (245,22 ) Deferred· tax (9.00) 3.83 6.37 (5.17) O.Gl Total Tax Expense (Net) (157.68) (147 .35) (126.23) (305 ,03) (245.21) Net Profit after Tax 467.23 444.86 397.05 912.09 743.49 Share of net profit/( loss) in Associates and Joint Ventures using equity method 2 .91 (17.67) 9.46 (14.76) (5.23) Group Consolidated Net Profit (A) 470 .14 427.19 406.51 897.33 738.26 Attributable to ; Owners of the Parent 469 .30 426.98 404.46 896.28 738.61 Non Controlling Interest 0.84 0.21 2.05 1.05 (0,35) Other Comprehensive Incom e 1) Items that will not be reclassified to profit or loss Remeasurement of the defined benefit plans 24.05 16.43 6.70 40.48 (0.78) Changes in fair valuation of equity instruments (9.04) 22.21 50.99 13.17 60.22 15.01 38.64 57.69 53.65 59.44 Tax impact on above items (3.67) (7.34) (8.27) (11.01) (7.84) 11.34 31.30 49.42 42.64 51.60 ii) Items that will be reclassified to profit or loss Exchange differences on translation of foreign operations 121.42 (10.26) 198. 79 111.16 436.89 Gains/(loss) on Effective portion of cash flow hedges 31.69 (2.75) 6.97 28.94 (50.09) 153.11 (13.01) 205.76 140.10 386.80 Tax impact on above items (6.2 0) (5.41) (6.68) (11.61) 14.49 146.91 (18 .42) 199,08 128,49 401.29 Total Other Comprehensive Income, net of tax (BJ 158.25 12.88 248.50 171.13 452.89 Attributable to ; Owners of the Parent 157.25 9.27 244.32 166.52 447.17 Non Controlling Interest 1.00 3.61 4.18 4.61 5.72 Total Comprehensive Inco me (A+ B) 628 .39 440.07 655.01 1068. 46 1191.15 Attributable to : Owners of the Parent 626.55 436.25 648. 78 1062.80 1185.78 Non Controlling Interest 1.84 3.82 6.23 5.66 5.37 Paid-up equity share capital (Face value of Re 1 each) 98,97 98.96 98.95 98.97 98.95 Reserves excluding Revaluation Reserve Earnings per share (not annualised for the quarter and year to date ended) Basic - Rs 4.75 4.31 4.09 9.06 7.47 Diluted - Rs 4.74 4.31 4.09 9.05 7.46 Rs in Crores Year ended March 31, 2026 Audited 20290.43 164.75 20455.18 7788.16 4108.23 (40.75) 1661.00 137.03 626.68 3981.99 18262.34 2192.84 (20.06 ) 2172.78 (545.27) 9.99 (535.28) 1637.50 (90,70) 1546.80 1542.30 4.50 (10.58) (15 .74) (26.32) 4.46 (21.86) 908.17 (74.82) 833,35 29.26 862.61 840.75 829.18 11.57 2387.55 2371.48 16.07 98 .96 21688 .57 15.59 15.58
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Notes: 1. For the quarter, Revenue from Operations at Rs 5661 Crores grew by 14% (11 % in constant currency) as compared to the corresponding quarter of the previous year, driven by underlying growth of 17% in India Business and 9% in Non-Branded Business, International Business revenue was marginally lower impacted by continued heatwave. Improvement in operating performance in International Business and Non Branded Business partly offset by inflationary pressures on key input costs in India Branded Business. Profit before exceptional items and tax at Rs 632 Crores is higher by 21 % as compared to the corresponding quarter of the previous year, on account of higher operating profits. Group Consolidated Net Profit at Rs 470 Crores is higher by 16%. 2. Exceptional item for the current quarter represents adjustment of contingent consideration paid on business acquisition. 3. 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. 4. The Consolidated Statement of Assets and Liabilities as at September 30, 2026, and Consolidated Cash Flow Statement for the period ended September 30, 2026, is annexed. 5. Additional information pursuant to Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, is annexed. 6. The results were reviewed by the Audit Committee of the Board on October 26, 2026, and subsequently taken on record by the Board of Directors at its meeting held on October 26, 2026. The Statutory Auditors of the Company have conducted limited review on these results. 7. The Consolidated and Standalone result for the quarter and six months ended September 30, 2026 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: October 26, 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 Jawahar\al Nehru Road, Kolkata • 700071 CIN - L15491 WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website: www.tataconsumer.com Unaudited Consolidated Segment wise Revenue, Results, Assets and Liabilities for the quarter and six months ended September 30, 2026 Rs in Crores Three months ended Year to date ended Year ended Particulars September 30, lune 30, September 30, September 30, September 30, March 31, 2026 2026 2025 2026 2025 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Segment Revenue Branded Business India Business 3666.13 3540.30 3122.15 7206.43 6247.85 12778.88 International Business 1370 .16 1342.80 1287.71 2712.96 2432.91 5250.67 Total Branded Business 5036.29 4883.10 4409 .86 9919.39 8680.76 18029.55 Non Branded Business 658.77 497.64 590.16 1156.41 1125.92 2387.00 Total Segment Revenue 5695.06 5380.74 5000.02 11075.80 9806.68 20416 .55 Others 12.19 11.48 11.53 23.67 21.83 40.60 Less: Inter segment Sales (46.12) (43.34) (45.65) (89.46) (83.70) (166.72) Revenue from Operations 5661.13 5348.88 4965.90 11010.01 9744.81 20290.43 Segment Results Branded Business India Business 408.54 393.96 358.76 802 .50 649.05 1503.74 International Business 182.10 175.21 147.76 357 .31 302.31 626.13 Total Branded Business 590.64 569.17 506.52 1159.81 951.36 2129.87 Non Branded Business 97.51 49.07 75.97 146.58 140.49 280.47 Total Segment Results 688 .15 618.24 582.49 1306.39 1091.85 2410.34 Add/(Less) Other Income 28.14 66.27 34.45 94.41 67.18 141. 76 Finance Cost (25 .70) (39.09 ) ( 33.23) (64.79) (66.99) (137.03) Unallocable Items (58,31) (53.21) ( 60.43 ) (111.52) (103.34) ( 222.23) Exceptional Items (7.37) - (7.37) (20.06) Profit Before Tax 624.91 592.21 523.28 1217.12 988.70 2172.78 Segment Assets Branded Business India Business 17271.97 16577.74 16769.55 17271.97 16769.55 16819.46 International Business 8594.53 8567.45 8053.41 8594.53 8053.41 8313.92 Total Branded Business 25866.50 25145.19 24822 .96 25866.50 24822.96 25133 .38 Non Branded Business 3029 .40 2925.10 2763..43 3029.40 2763.43 2911.63 Total Segment Assets 28895.90 28070.29 27586 .39 28895.90 27586.39 28045 .01 Unallocable Corporate Assets 4801.96 5055.56 4420 .08 4801.96 4420.08 6407.95 Total Assets 33697 .86 33125.85 32006.4 7 33697.86 32006.47 34452.96 Segment Liabilities Branded Business India Business 3550.39 2645.90 2644.33 3550.39 2644.33 3428.97 International Business 1053.16 1075.17 1158.98 1053.16 1158.98 1381.90 Total Branded Business 4603.55 3721.07 3803.31 4603.55 3803.31 4810.87 Non Branded Business 443.26 363.77 297.90 443.26 297.90 449.26 Total Segment Liabilities 5046.81 4084.84 4101.21 5046.81 4101.21 5260.13 . Unallocable Corporate Liabilities 5404.05 6429.77 6200.39 5404.05 6200.39 6003.97 Total liabilities 10450.86 10514.61 10301.60 10450.86 10301.60 11264.10 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 Solubles business for Tea, Coffee and other produce. c. The segment wise revenue, results, assets and liabilities figures relate to the 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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G TATA Tata Consumer Products Limited Registered Office: Tata Centre, 1st Floor, 43 Jawaharlal Nehru Road, Kolkata -700071 CIN - L15491WB1962PLC031425, Email: investor.relations@tataconsumer.com, Website : www.tataconsumer.com Unaud ited Consolidated Statement of Assets and Liabilities as at September 30, 2026 As at Particulars September 30, 2026 Unaudited ASSETS Non-Current Assets Property Plant and Equipment 2180.98 Capital Work in Progress 631.08 Investment Property under Development 213.58 Right of Use Assets 624.09 Goodwill 11946.24 Other Intangible Assets 6954.60 Intangibl e Assets under Development 36.95 Investments accounted for using Equity method 266.33 Financial Assets Investmen ts 306.89 Loans 257.44 Other Financial Assets 69.94 Deferred Tax Assets (Net) 139.55 Non-curre nt Tax Assets (Net) 95 .27 Other Non Current Assets 329.64 24052.58 Current Assets Inventories 3885.34 Financial Assets Investments 791.02 Trade Receivables 1341.29 Cash and Cash Equivalent 2066.89 Other Bank balances 221.64 Loans 337 .13 Other Financial Assets 149.46 Current Tax Assets (Net) 17.01 Other Current Assets 835.50 9645.28 TOTAL ASSETS 33697.86 EQUITY AND LIABILITIES Equity Equity Share Capital 98.97 Other Equity 22003.42 Equity attributab le to the equity holders of the company 22102.39 Non Controlling Inte rest 1144.61 Total Equity 23247.00 Non-Current Liabilities Financial Liabilities Borrowings 339.13 Lease Liabilities 594.40 Other Financial Liabilities 1130.16 Provisions 195.99 Deferred Tax Liabilities (Net) 2192.40 Other Non-Current Liabilities 27.21 4479.29 Current Liabilities Financial Liabilities Borrowings 1478.97 Lease Liabilities 91.62 Trade Payables 3770.86 Other Financial Liabilities 271.36 Other Current Liabilities 180.60 Provisions 169.98 Current Tax Liabilities (Net) 8.18 5971.57 TOTAL EQUITY AND LIABILITIES 33697.86 Rs in Crores As at March 31, 2026 Audited 2161.26 459.90 213.58 648.31 11883.90 7111.76 21.28 288.72 285.70 248.39 70.70 174.22 200.24 367.91 24135 .87 3526.76 868.20 1148.33 3046.57 373.92 588.07 136,72 14.33 614,19 10317.09 34452.96 98.96 21688.57 21787 .53 1401.33 23188.86 302.14 608.64 1331.83 216.42 2199.44 27.07 4685.54 1818.17 90,56 3875.30 402.66 19~.80 186,29 6.78 6578.56 34452.96
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'9TI' TATA Tata Consumer Products Limited Registered Office: Tata Centre, 1st Floor, 43 Jawaharlal Nehru, Kolkata - 700071 C!N - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website: www.tataconsumer.com Unaudited Consolidated Statement of Cash Flows for the six months ended September 30, 2026 Rs in Crores Particulars September 30, September 30, 2026 2025 A. Cash Flow from Operating Activities Net Profit before Tax 1217.12 988.70 Adjusted for : I Depreciation and Amortisation 328.59 302.21 Finance Cost 64.79 66.99 Dividend Income (0.53) (11.82) Gains on Current Investments (net) (26.18) (12.17) Interest Income (67.69) (43.19) Unrealised foreign exchange (gain)/ loss 3.35 (2.49) Impairment loss recognised in trade receivables & advances (net of reversal) - 0.33 Provision for doubtful debts and advances no longer required written back (1.36) - Share based payment to employees 11.38 9.0Q (Profit)/ Loss on sale of Property,.Plant & Equipment (net) 0.92 0.47 Exceptional Expense 7.37 - Operating Profit before working capital changes 1S37.76 1298.03 Adjustments for: Trade Receivables and Other Assets (462.72) (287.60) Inventories (343.68) 98.35 Trade payables and Other Liabilities (145.54) (623.51) Cash generated from/(used in) Operations S85.82 485.27 Direct taxes paid (net) (199.72) (281.86) Net Cash from/(used in) Operating Activities 386.10 203.41 B. Cash Flow from Investing Activities Payment for Property, Plant and Equipment including Intangible Assets (249.04) (209.83) Sale of Property, Plant and Equipment 0.66 6.20 Sale of Non Current Investments carried at fair value through OCI 0.13 - Payment of deferred consideration (67.69) (27.69) Dividend Income received 0.78 12.02 Interest Income received 64.73 46.07 (Purchase)/ Sale of Current Investments (net) 103.34 (247.14) Fixed Deposits Placed (5.82) (44.57) Fixed Deposits Redeemed 164.10 53.78 Inter Corporate Deposits and Loans Placed (including FX) (291.00) (495.81) Inter Corporate Deposits and Loans Redeemed (including FX) 542.81 381.61 Net Cash from/(used in) Investing Activities 263.00 (525.36) C. Cash Flow from Financing Activities Proceeds from Allotment of shares on exercise of performance share units* 0.01 0.00 Acquisition of Non Controlling Interest (230.00) - Repayment of Long term borrowings (24.12) (21.55) Proceeds from Long term borrowings 56.90 121.15 Proceeds from / (Repayment of) Short term borrowings ( net) 41.97 314.59 Payment of Lease Liabilities (43.59) (36.37) Dividend paid (994.77) (820.33) Finance Cost paid (61.09) (56.68) Net Cash from/(used in) Financing Activities (1254.69) (499.19) Net increase/ (decrease) in Cash and Cash Equivalents (A+B+C) (605.59) (821.14) Opening balance of Cash and Cash Equivalents 1412.79 1377.72 Exchange Gain/ (Loss) on translation of foreign currency Cash and Cash Equivalents 8.51 36.55 Closing Cash and Cash Eauivalents 815.71 593.13 Reconciliation with Balance Sheet Cash and Cash Equivalents 815.71 593.13 Add : Bank Overdraft 1251.18 1060.88 Balances at the end of the period 2066.89 1654.01 * PY values are below Rs 0.01 Crores.
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a. b. C. d. e. f. g, h. I. j. k. I. G TATA Tata Consumer Products Limited Registered Office: Tata Centre, 1st Floor, 43 Jawaharlal Nehru Road, Kolkata - 700071 CIN - L15491 WB1962PLC031425, Email : investor.re1ations@tataconsumer.com, Website : www.tataconsumer.com Additional information pursuant to Regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015, for Consolidated financial results for the quarter and six months ended September 30, 2026 Three months ended Year to date ended Year ended Particulars September 30, June 30, September 30, September 30, September 30, March 31, 2026 2026 2025 2026 2025 2026 Unaudited Unaudited Unaudited Unaudited Unaudited Audited Debt-Equity Ratio 0.11 0.14 0.12 0.11 0.12 0.12 Debt service coverage ratio 14.06 7.90 12.62 10.14 9.83 10.19 Interest Service Coverage Ratio 29.05 16.86 22.30 21.37 19.63 21.54 Net worth (Rs in Crores) 23247.00 22611.24 21704.87 23247.00 21704.87 23188.86 Current ratio 1.62 1.57 1.54 1.62 1.54 1.57 Long term debt to working capital 0.28 0.30 0.30 0.28 0.30 0.27 Current liability ratio 0.57 0.55 0.53 0.57 0.53 0.58 Total debts to total assets 0.07 0.09 0.08 0.07 0.08 0.08 Debtors turnover * 17.62 18.00 18.34 17.69 19.18 20.11 Inventory turnover * 6.23 6.19 5.90 5.94 5.44 5.69 Operating margin % 11.13% 10.56% 10.51% 10.85% 10.14% 10.78% Net profit margin % 8.30% 7.99% 8.19% 8.15% 7.58% 7.62% * Annualised for the quarter and year to date Following definitions have been considered for the purpose of computation of ratios and other informatio n: Ratio Numerator Denominator Total Debts Debt-Equity Ratio (Non-current borrowings + Current borrowings + Non- Total Equity current and current lease liabilities) Debt Service Coverage Ratio Earnings available for debt service Interest and Lease payments + Principal Repayments (excludes Commercial paper repayment) Interest Service Coverage Ratio Earnings available for debt service Inte rest payments Net Worth Total Assets - Total liabilities Current Ratio Current Assets Current Liabilities Long term debt to working capital Long term debt + Non-current lease liabilities + Current Current Assets - (Current Liabilities - Current maturities of maturities of long term borrowing 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 Inventory Earnings Before Inte rest and Tax (EBIT) Operating margin % EBIT = Profit before exceptional items and tax + Finance Revenue from Operations Costs - Interest and Investment Income Net profit margin % Profit after Tax (Group Net Profit) Revenue from Operations