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Stock Analysis

Description

Tata Consumer Products Ltd. is a leading FMCG company within the Tata Group, operating in the food and beverage sector both in India and internationally. It holds a significant global position as the second-largest tea company and maintains strong market leadership across various geographies.

Key Growth Triggers

The company's growth is fueled by its robust brand portfolio, including Tata Salt and Tata Tea, and expansion in key segments like Tata Sampann (+40% growth) and ready-to-drink (RTD) beverages (+25% value growth), as indicated by recent Q2 FY26 performance. The introduction of 25 new products and ongoing sustainability efforts also contribute to its strategic growth.

Order Book

Currently no data available for Order Book.

Key Red Flags

The company's stock trades at a relatively high Price-to-Earnings ratio and Price-to-Book ratio, suggesting a premium valuation. Historically, some earnings reports have been influenced by significant "other income" or exceptional items, which could warrant monitoring for sustainable operational profitability.

Key Dates To Watch

The company's Board Meeting to approve Q2 FY26 financial results was scheduled for November 3, 2025, followed by a conference call on the same day to discuss performance and outlook, indicating recent significant financial events.

Corporate Announcements

14th Apr 26

Impact Rating: -

No description available.

7th Apr 26

Impact Rating: 3

Tata Consumer Products Limited has submitted its compliance certificate for Regulation 74(5) to stock exchanges. This confirms that valid share certificates received for dematerialization were duly processed and cancelled, with depositories now registered as owners for the quarter ended March 31, 2026.

26th Mar 26

Impact Rating: -

No description available.

26th Mar 26

Impact Rating: -

No description available.

25th Mar 26

Impact Rating: 5

Tata Consumer Products Limited has issued a reminder for shareholders to claim unpaid dividends and potentially shares liable for transfer to the Investor Education and Protection Fund (IEPF). The deadline to claim is June 30, 2026.

Peer Comparision

S.No.	Name	Current Price (Rs.)	Price to Earning	Market Capitalization (Rs.Cr.)	Dividend yield (%)	Net Profit latest quarter (Rs.Cr.)	YOY Quarterly profit growth (%)	Sales latest quarter (Rs.Cr.)	YOY Quarterly sales growth (%)	Return on capital employed (%)	Sales (Rs.Cr.)	OPM (%)	Profit after tax (Rs.Cr.)	Profit after tax latest quarter (Rs.Cr.)	Price to book value	Return on assets (%)	Debt to equity
1.	Tata Consumer	1188.20	65.91	117577.83	0.70	285.19	19.75	3595.22	18.04	10.01	13678.57	10.92	1783.96	285.19	6.85	5.99	0.05
2.	CCL Products	970.45	38.30	12958.24	0.52	100.86	36.39	1126.73	52.63	13.14	3776.63	17.05	338.22	100.86	6.22	7.98	0.78
3.	Andrew Yule & Co	22.37	226.02	1093.75	0.00	-0.02	-100.13	71.52	-20.02	-6.83	294.42	-31.98	4.84	-0.02	3.03	-3.69	0.33
4.	Mcleod Russel	45.50	–	475.30	0.00	29.06	-65.63	362.83	-19.84	-1.85	1114.62	-4.11	-276.16	29.06	7.49	-6.09	30.10
5.	Goodricke Group	159.50	–	344.52	0.00	43.53	-44.53	216.56	-31.46	3.22	807.13	-3.33	-21.26	33.43	1.08	1.14	0.37
6.	Jay Shree Tea	84.78	11.80	244.85	0.59	19.58	-46.36	267.45	-11.25	3.74	853.56	2.03	20.74	19.58	0.57	3.39	0.72
7.	United Nilgiri	473.20	11.09	236.44	0.64	4.94	-23.29	21.13	-15.41	10.06	85.14	21.35	21.31	4.94	1.02	8.21	0.00
–	Median: 18 Co.	155.55	14.93	207.51	0.23	17.95	-31.96	76.19	-16.75	6.01	235.42	3.15	7.25	17.71	0.9	3.79	0.34

Quarterly Results

Standalone figures in ₹ crores

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	2,131	2,153	2,312	2,420	2,631	2,629	2,773	3,202	3,046	3,200	3,354	3,529	3,595
Expenses	1,795	1,825	1,944	2,046	2,236	2,204	2,381	2,790	2,703	2,885	3,015	3,127	3,159
Operating Profit	336	328	368	374	395	425	392	412	343	315	339	402	436
Other Income	17	35	37	35	42	25	-76	1	5	411	95	478	28
Profit before tax	310	320	357	356	361	381	237	283	221	640	359	806	385
Tax %	26%	26%	24%	26%	28%	25%	37%	35%	-1%	11%	23%	11%	26%
Net Profit	230	237	273	263	260	285	150	185	223	570	277	714	285
EPS in Rs	2.40	2.46	2.83	2.72	2.69	2.96	1.52	1.87	2.25	5.76	2.80	7.22	2.88

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	2,683	2,885	2,987	3,064	3,217	3,430	5,690	7,154	7,932	9,046	10,709	12,802	13,679
Expenses	2,647	2,567	2,688	2,701	2,859	2,991	4,886	6,236	6,821	7,658	9,113	11,393	12,186
Operating Profit	36	317	299	363	358	438	804	919	1,111	1,388	1,596	1,409	1,493
Other Income	605	86	109	96	406	183	66	72	212	293	27	512	1,012
Interest	39	34	68	49	14	13	26	28	30	33	74	203	98
Depreciation	16	20	23	24	27	32	115	126	142	160	214	216	218
Profit before tax	585	349	317	386	723	576	729	836	1,151	1,488	1,335	1,503	2,189
Net Profit	447	289	226	276	534	411	524	620	886	1,120	955	1,255	1,846
EPS in Rs	6.96	4.50	3.46	4.21	8.15	6.27	5.47	6.47	9.26	11.61	9.65	12.68	18.66
Dividend Payout %	31%	48%	63%	54%	30%	38%	48%	60%	63%	72%	77%	65%	–

Balance Sheet

Standalone figures in ₹ crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	62	62	63	63	63	63	92	92	92	95	95	99	99
Reserves	2,511	2,440	3,374	3,721	4,150	4,381	10,758	11,132	11,670	13,283	13,398	16,911	17,145
Borrowings	457	478	435	32	84	5	181	244	235	375	1,743	444	862
Other Liabilities	664	677	547	599	595	556	1,020	1,963	2,229	2,714	3,204	4,040	3,510
Total Liabilities	3,694	3,656	4,419	4,416	4,892	5,004	12,050	13,432	14,226	16,467	18,441	21,495	21,615
Fixed Assets	153	193	199	214	227	243	6,453	6,571	6,564	6,697	7,386	7,304	7,297
Gross Block	284	362	382	416	448	484	6,807	6,981	7,065	7,481	8,510	8,605	–
Accumulated Depreciation	131	168	183	202	221	242	355	410	501	784	1,124	1,301	–
CWIP	9	11	10	12	13	17	28	63	40	28	31	9	6
Investments	2,406	2,232	2,799	2,972	2,821	2,816	3,049	2,893	3,526	5,052	7,610	9,950	10,200
Other Assets	1,126	1,219	1,412	1,218	1,831	1,928	2,520	3,905	4,097	4,690	3,413	4,232	4,112
Total Assets	3,694	3,656	4,419	4,416	4,892	5,004	12,050	13,432	14,226	16,467	18,441	21,495	21,615

Cash Flows

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	148	50	132	507	199	97	745	1,064	1,158	1,001	1,346	1,274
Cash from Investing Activity	147	129	218	60	143	346	-708	-332	-1,064	-585	-1,914	-1,845
Cash from Financing Activity	-308	-166	-154	-612	-135	-247	-198	-331	-411	-562	394	711
Net Cash Flow	-13	13	195	-45	207	196	-161	402	-317	-146	-174	141

Ratios

Standalone Figures in ₹ Crores / Yearly

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	16	12	13	12	16	19	20	13	13	17	16	16
Inventory Days	146	178	171	162	156	167	111	121	106	127	123	117
Days Payable	34	31	34	52	52	47	54	95	106	124	142	146
Cash Conversion Cycle	128	158	151	122	120	139	77	39	14	20	-3	-13
Working Capital Days	43	47	37	52	52	84	47	28	42	33	-28	9
ROCE %	15%	15%	11%	11%	15%	13%	10%	8%	10%	11%	11%	10%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	34.45%	34.44%	34.45%	34.42%	34.42%	33.55%	33.55%	33.84%	33.84%	33.84%	33.84%	33.84%
FIIs	25.58%	25.04%	25.39%	25.27%	25.62%	25.46%	24.12%	24.35%	23.23%	21.54%	21.96%	22.06%
DIIs	15.12%	15.85%	16.33%	16.87%	17.06%	17.39%	18.69%	18.73%	19.47%	21.96%	22.02%	22.20%
Public	24.82%	24.65%	23.82%	23.43%	22.90%	23.58%	23.62%	23.06%	23.43%	22.66%	22.15%	21.89%