TATACONSUM

Tata Consumer Products share price & financials

Price
₹1,111.5
Market cap
₹1.1L Cr
Sector
Fast Moving Consumer Goods
Calls analysed
6
Latest concall · Q1 FY27 · call held 28 Jul 2026

Tata Consumer Products Limited Q1 FY27

Consolidated Revenue ₹5,349 cr +12%EBITDA — +19%EBITDA Margin 13.6% Net Profit ₹427 cr +29%

What went well

  • Consolidated revenue grew 12% YoY to ₹5,349 crores.
  • EBITDA grew 19% YoY, with margins expanding 70 bps to 13.6%.
  • Adjusted EPS grew 25% YoY to ₹4.67 per share.

What to watch

  • India tea revenue declined 4% YoY despite 2% volume growth, attributed to passing on lower costs and impacts from prolonged summer and LPG shortages.
  • Non-branded business revenue declined 7% YoY (10% in constant currency) due to falling coffee prices.
Read the full call →

What Tata Consumer Products Limited does

Tata Consumer Products is the FMCG arm of the Tata Group, selling branded food and beverage products across India and international markets. It earns from packaged beverages (tea, coffee, ready-to-drink), foods (salt, pulses and spices under Tata Sampann, breakfast, and Capital Foods' Ching's Secret) and a non-branded business that supplies tea/coffee solubles and runs plantations. Its products reach around 290 million households in India through a distribution network covering 4.5 million retail outlets, and it also operates the Tata Starbucks cafe joint venture. Internationally it sells tea in the UK and Canada and coffee (Eight O'Clock) in the US.

Segments

  • India Beverages
  • India Foods
  • International
  • Non-Branded
Households reached in India
290 million
Retail outlets served in India
4.5 million
Branded tea player globally
No.2
Packaged salt brand in India
Largest (No.1)
Tea market position
No.2 in India, No.1 in Canada, No.3 in UK
FMCG ranking in India
Among top 10
Founded 1962Headquarters Mumbai, IndiaEmployees 4,500 (2026) Company website

Guidance record · Q1 FY27

what the last two calls moved 22 tracked 7 delivered 4 missed 11 open
  • Growth Businesses Growth Rate delivered said Q1 FY26 Promised: 30% of the portfolio growing at 30% Q1 FY27: Growth businesses grew 47% in Q1, significantly exceeding the 30% target. Management reiterated the 30%+ target for the portfolio.
  • Tea Gross Margin went quiet said Q1 FY26 Promised: 34% to 37% by Q3 Q1 FY27: The specific 34-37% gross margin target for Q3 FY26 remains unaddressed. Management commented on current tea inflation but did not reference the old target.
  • India Foods Business EBITDA Margin on track said Q3 FY26 Promised: 17% plus in the longer term Q1 FY27: Management reiterated the long-term goal, clarifying the target range as 17% to 20% for the India Food business margin, keeping the promise on track.

All 22 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q1 FY27: revenue up 11.9%, net profit up 28.6% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue4,214 4,444 4,608 4,779 4,966 +18%5,112 +15%5,434 +18%5,349 +12%
EBITDA626 565 621 607 672 +7%721 +28%792 +28%724 +19%
Net profit367 282 349 332 407 +11%385 +37%424 +21%427 +29%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −10.0% 1Y

₹1.0k₹1.1k₹1.2kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Q3 FY26 — 27 Jan 2026Q4 FY26 — 8 May 2026Q1 FY27 — 28 Jul 2026

1Y: ₹1,101 on 10 Sept 2025 → ₹991. High ₹1,258 (11 May 2026), low ₹991 (11 Sept 2026).

How the price took the results

close before → close after

Q1 FY27
−2.3%
28 Jul
Q4 FY26
+2.1%
8 May
Q3 FY26
+2.9%
27 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Financials, as filed

Revenue grew 13.8% a year over 3 years, FY23 to FY26. Operating margin held at 13.8%.

Year endingFY23FY24FY25FY26
Revenue₹13.8k Cr₹15.2k Cr₹17.6k Cr₹20.3k Cr
Operating profit₹1.9k Cr₹2.3k Cr₹2.5k Cr₹2.8k Cr
Operating margin13.5%15.0%14.1%13.8%
Interest₹88 Cr₹130 Cr₹291 Cr₹137 Cr
Depreciation₹304 Cr₹378 Cr₹600 Cr₹626 Cr
Net profit₹1.3k Cr₹1.2k Cr₹1.3k Cr₹1.5k Cr
Net margin9.6%8.0%7.3%7.6%
ROCE9.0%11.0%9.0%9.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹92 Cr₹92 Cr₹93 Cr₹95 Cr₹99 Cr₹99 Cr
Reserves₹14.4k Cr₹15.1k Cr₹16.2k Cr₹16.0k Cr₹20.2k Cr₹21.7k Cr
Borrowings₹1.6k Cr₹1.4k Cr₹1.6k Cr₹3.5k Cr₹2.6k Cr₹2.8k Cr
Other liabilities₹4.0k Cr₹4.5k Cr₹4.9k Cr₹8.3k Cr₹9.1k Cr₹9.7k Cr
Total liabilities₹20.2k Cr₹21.1k Cr₹22.8k Cr₹27.9k Cr₹32.0k Cr₹34.3k Cr
Fixed assets₹12.0k Cr₹12.6k Cr₹13.1k Cr₹19.4k Cr₹21.7k Cr₹22.0k Cr
Capital work in progress₹113 Cr₹247 Cr₹295 Cr₹190 Cr₹254 Cr₹481 Cr
Investments₹806 Cr₹797 Cr₹1.4k Cr₹871 Cr₹1.3k Cr₹1.4k Cr
Other assets₹7.3k Cr₹7.4k Cr₹8.0k Cr₹7.5k Cr₹8.8k Cr₹10.3k Cr
Total assets₹20.2k Cr₹21.1k Cr₹22.8k Cr₹27.9k Cr₹32.0k Cr₹34.3k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, DIIs added +2.97 pp while FIIs trimmed −1.88 pp. The shareholder count shrank 10% to 7,90,683.

Promoters
33.8%
FIIs
20.1%
DIIs
25.0%
Government
0.0%
Public
21.1%

Since Jun 2025

  • DIIs +2.97 pp
  • FIIs −1.88 pp
  • Public −1.09 pp

How it drifted, 12 quarters

Over this window DIIs went from 16.9% to 25.0% — +8.1 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 34.4%, FIIs 25.3%, DIIs 16.9%, Government 0.0%, Public 23.4%.Dec '23: Promoters 34.4%, FIIs 25.6%, DIIs 17.1%, Government 0.0%, Public 22.9%.Mar '24: Promoters 33.5%, FIIs 25.5%, DIIs 17.4%, Government 0.0%, Public 23.6%.Jun '24: Promoters 33.5%, FIIs 24.1%, DIIs 18.7%, Government 0.0%, Public 23.6%.Sep '24: Promoters 33.8%, FIIs 24.4%, DIIs 18.7%, Government 0.0%, Public 23.1%.Dec '24: Promoters 33.8%, FIIs 23.2%, DIIs 19.5%, Government 0.0%, Public 23.4%.Mar '25: Promoters 33.8%, FIIs 21.5%, DIIs 22.0%, Government 0.0%, Public 22.7%.Jun '25: Promoters 33.8%, FIIs 22.0%, DIIs 22.0%, Government 0.0%, Public 22.1%.Sep '25: Promoters 33.8%, FIIs 22.1%, DIIs 22.2%, Government 0.0%, Public 21.9%.Dec '25: Promoters 33.8%, FIIs 21.2%, DIIs 23.5%, Government 0.0%, Public 21.5%.Mar '26: Promoters 33.8%, FIIs 20.8%, DIIs 24.2%, Government 0.0%, Public 21.2%.Jun '26: Promoters 33.8%, FIIs 20.1%, DIIs 25.0%, Government 0.0%, Public 21.1%.

Who was buying across the market this quarter →

Who bought this quarter

since Mar 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.

Who is on the register

Named in the Jun 2026 filing

Every holder of Tata Consumer Products Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Tata Sons Private Limited 28.68%unchanged
Life Insurance Corporation Of India Insurer8.23%−0.79 pp
Tata Investment Corporation Ltd 4.65%unchanged
NPS Trust A/C UTI Pension Fund Limited-Scheme State Govt Pension / PF2.41%+0.06 pp
SBI Nifty 50 ETF Mutual fund1.69%+0.22 pp
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund Mutual fund1.61%+0.17 pp
SBI Life Insurance Co. Ltd Insurer1.43%−0.17 pp
Ewart Investments Limited 0.39%unchanged
Tata Industries Limited 0.09%unchanged
Voltas Limited 0.02%unchanged
Tata Motors Limited 0.00%unchanged
Tata Autocomp Systems Limited 0.00%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Mutual funds in TATACONSUM

Filings to Aug 2026

0 new, 13 added, 8 trimmed, 0 sold out — net +4.87 L shares (+1.2%).

Held by funds
₹4.3k Cr
32 schemes
Biggest holder
SBI Nifty 50 ETF
₹1.3k Cr · 0.6% of that fund
SchemeHoldingLast month
SBI Nifty 50 ETF SBI Mutual Fund₹1.3k Cr+0.66 L
HDFC Large Cap Fund HDFC Mutual Fund₹548 Crheld
Nippon India Large Cap Fund Nippon India Mutual Fund₹470 Crheld
Nippon India ETF Nifty 50 BeES Nippon India Mutual Fund₹411 Cr+0.80 L
Nippon India Small Cap Fund Nippon India Mutual Fund₹374 Crheld
SBI Arbitrage Fund SBI Mutual Fund₹334 Cr+1.23 L
Nippon India ELSS Tax Saver Fund Nippon India Mutual Fund₹145 Crheld
HDFC Large and Mid Cap Fund HDFC Mutual Fund₹133 Crheld

HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.

Mutual funds Aug 2026

13 added, 8 trimmed — net +4.87 L shares (+1.2%)

Funds are sitting on
+16%
vs est. average cost
Held by funds
₹4.3k Cr
32 schemes · ≈ 4.3% of the company
Biggest holder
SBI Nifty 50 ETF
₹1.3k Cr · 0.6% of that fund
Longest holder
Nippon India ETF Nifty India Consumption
5y 11m · since Oct '20

Shares held by these funds +83%

Aug '23 4.07 cr shares Jul '26

What the price assumes

Growth trap

To justify its price of ₹991, this stock must grow earnings at 35% every year for 7 years. Our analysis caps realistic growth at ~10%. At that growth it is worth ₹284 — downside of 71%.

Growth the price implies
34.7% a year
for 7 years, fading to 4%
It has actually compounded at
8.1% a year
net profit, FY23–FY26 · EPS 10.1%
The gap
0.2 pp
-71% downside if it only repeats history
Price today ₹991 Value at the reference growth ₹284.21

Change the assumptions yourself →

All earnings calls (4)

Read the Q1 FY27 call →

Learn to analyse Tata Consumer Products Limited

Guides on how to read this kind of business and the numbers that matter.