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Tata Consumer Products Ltd.

TATACONSUMFast Moving Consumer Goods filings

We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.

Earnings calls

24 transcript(s)/analyst meet(s) served; 1 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 24 documents here); elsewhere sentences render unattributed.

KindDatePeriodServedAttribution rate
ANALYST_MEET202011222020-09-30yes
COVER_LETTER202102082020-12-31no
TRANSCRIPT202105132021-03-31yes
TRANSCRIPT202108092021-06-30yes
TRANSCRIPT202110282021-09-30yes
TRANSCRIPT202202082021-12-31yes
TRANSCRIPT202205092022-03-31yes
TRANSCRIPT202208162022-06-30yes
TRANSCRIPT202210272022-09-30yes
TRANSCRIPT202302072022-12-31yes
TRANSCRIPT202305022023-03-31yes
TRANSCRIPT202308012023-06-30yes
TRANSCRIPT202311072023-09-30yes
TRANSCRIPT202402142023-12-31yes
TRANSCRIPT202404292024-03-31yes
TRANSCRIPT202408022024-06-30yes
TRANSCRIPT202410232024-09-30yes
TRANSCRIPT202502032024-12-31yes
TRANSCRIPT202504282025-03-31yes
TRANSCRIPT202507282025-06-30yes
TRANSCRIPT202511072025-09-30yes
TRANSCRIPT202601302025-12-31yes
TRANSCRIPT202605122026-03-31yes
TRANSCRIPT202607282026-06-30yes

TATACONSUM

files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.

Identity

Statement divisiongeneral
Scope servedconsolidated
Panels on this page4

Market

No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.

Last close986.30
52-week range984.1 – 1271.0
Return 1M-7.0%
Return 3M-12.82%
Return 1Y-13.49%
Return 3Y9.52%
Return 5Y17.87%
Market capitalisationnot shown — we could not confirm it
Shares outstandingnot shown — we could not confirm it
P/Enot shown — we could not confirm it
P/Bnot shown — we could not confirm it
EV/EBITDAnot shown — we could not confirm it

Latest quarter filed — period ending 2026-06-30

In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.

Revenue from operations5,349.00
Other income72.00
Total income5,421.00
Cost of materials consumed2,085.00
Purchases of stock-in-trade1,167.00
Changes in inventories-185.00
Employee benefit expense446.00
Finance costs39.00

Ownership — 2026-06-30, and the change from 2026-03-31

HolderPer centChange
promoter and promoter group0.340.00
institutions foreign0.20-0.01
institutions domestic0.250.01
mutual funds0.100.01
public0.660.00

Documents on file

ClassMost recentOn file
ANALYST_MEET2020-09-301
COVER_LETTER2020-12-311
TRANSCRIPT2026-06-3022

Financial statements

Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.

Quarterly results, as filed

Line2022-09-302022-12-312023-03-312023-06-302023-09-302023-12-312024-03-312024-06-302024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Revenue from operations3,363.003,475.003,619.003,741.003,734.003,804.003,927.004,352.004,214.004,444.004,608.004,779.004,966.005,112.005,434.005,349.00
Other income29.0049.0055.0058.0090.0060.0038.0039.0046.0052.0057.0041.0038.0033.0053.0072.00
Total income3,392.003,523.003,674.003,799.003,824.003,864.003,965.004,391.004,260.004,495.004,665.004,820.005,004.005,145.005,486.005,421.00
Cost of materials consumed1,327.001,350.001,338.001,470.001,349.001,345.001,566.001,684.001,641.001,807.001,866.002,037.001,984.001,843.001,925.002,085.00
Purchases of stock-in-trade677.00706.00827.00655.00807.00736.00758.00847.00838.00859.00890.00947.00957.001,046.001,158.001,167.00
Changes in inventories-46.00-24.00-59.0039.00-9.0056.00-208.00-134.00-103.00-47.00-79.00-121.00-66.0037.00109.00-185.00
Employee benefit expense274.00283.00286.00296.00304.00317.00341.00345.00364.00378.00344.00386.00407.00434.00434.00446.00
Finance costs20.0024.0028.0026.0028.0033.0043.0094.0099.0058.0040.0034.0033.0032.0038.0039.00
Depreciation and amortisation73.0075.0083.0082.0094.0086.00116.00148.00149.00150.00153.00149.00153.00159.00165.00165.00
Other expenses696.00706.00716.00737.00746.00776.00840.00942.00848.00882.00967.00924.001,011.001,032.001,016.001,112.00
Total expenses3,022.003,120.003,218.003,304.003,318.003,350.003,456.003,926.003,836.004,087.004,180.004,355.004,481.004,582.004,845.004,829.00
Profit before exceptional items and tax370.00404.00456.00495.00505.00513.00509.00465.00424.00408.00484.00465.00523.00563.00641.00592.00
Exceptional items111.0079.00-6.00-5.00-15.00-92.00-216.00-17.00-27.00-6.0045.000.000.00-23.003.000.00
Profit before tax482.00482.00450.00489.00491.00422.00294.00448.00397.00402.00530.00465.00523.00540.00644.00592.00
Current tax109.0096.0089.00111.00113.00126.00120.00116.0063.00106.0074.00113.00133.00153.00147.00151.00
Deferred tax18.0017.0015.0020.0019.00-20.00-94.0018.00-25.00-4.0048.006.00-6.00-16.006.00-4.00
Tax expense127.00113.00104.00131.00132.00106.0026.00134.0038.00102.00123.00119.00126.00137.00153.00147.00
Profit for the period389.00364.00290.00338.00364.00302.00212.00289.00367.00282.00349.00332.00407.00385.00424.00427.00
Profit attributable to owners328.00352.00269.00317.00338.00279.00217.00290.00364.00279.00345.00334.00404.00385.00419.00427.00
Profit attributable to non-controlling interests61.0013.0021.0021.0026.0023.00-4.00-1.003.003.004.00-2.002.00-0.005.000.00
Other comprehensive income-222.00346.0046.0045.00-39.00179.00-10.0024.00248.00-129.00164.00204.00248.0081.00307.0013.00
Total comprehensive income168.00710.00336.00383.00325.00480.00202.00314.00615.00153.00513.00536.00655.00465.00731.00440.00
Earnings per share, basic3.563.792.893.413.643.002.283.053.782.823.493.384.093.884.244.31
Earnings per share, diluted3.563.792.893.413.643.002.283.053.782.823.493.374.093.884.244.31

Annual results, as filed

Line2019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Revenue from operations7,252.009,637.0011,602.0012,425.0013,783.0015,206.0017,618.0020,290.00
Other income157.00112.00121.00140.00169.00246.00193.00165.00
Total income7,409.009,749.0011,723.0012,565.0013,952.0015,451.0017,812.0020,455.00
Cost of materials consumed3,294.003,607.004,937.004,908.005,377.005,730.006,997.007,788.00
Purchases of stock-in-trade728.001,796.002,114.002,215.002,903.002,955.003,434.004,108.00
Changes in inventories-14.008.00-150.00-40.00-274.00-122.00-362.00-41.00
Employee benefit expense806.00885.00970.001,048.001,120.001,259.001,430.001,661.00
Finance costs52.0078.0069.0073.0087.00130.00290.00137.00
Depreciation and amortisation123.00242.00255.00278.00304.00377.00601.00627.00
Other expenses1,652.002,050.002,186.002,575.002,801.003,099.003,640.003,982.00
Total expenses6,641.008,665.0010,382.0011,057.0012,318.0013,429.0016,030.0018,262.00
Profit before exceptional items and tax768.001,084.001,342.001,508.001,634.002,023.001,782.002,193.00
Exceptional items-33.00-275.00-31.00-52.00159.00-327.00-5.00-20.00
Profit before tax735.00809.001,311.001,456.001,794.001,696.001,777.002,173.00
Current tax261.0089.0098.00220.00377.00469.00359.00545.00
Deferred tax0.00185.00219.00157.0070.00-75.0037.00-10.00
Tax expense261.00274.00317.00377.00447.00395.00396.00535.00
Profit for the period457.00460.00930.001,015.001,320.001,215.001,287.001,547.00
Profit attributable to owners71.00460.00857.00936.001,204.001,150.001,278.001,542.00
Profit attributable to non-controlling interests3.000.0074.0079.00116.0065.009.004.00
Other comprehensive income74.00281.00149.0059.0084.00174.00307.00841.00
Total comprehensive income531.00742.001,080.001,074.001,404.001,390.001,594.002,388.00
Earnings per share, basic6.474.999.3010.1513.0212.3213.0615.59
Earnings per share, diluted6.474.999.3010.1513.0212.3213.0615.58

Balance sheet, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Total assets20,811.0022,811.0022,191.0028,021.0030,970.0031,978.0032,006.0034,453.00
Non-current assets13,965.0014,503.0014,444.0020,594.0023,129.0023,008.0023,594.0024,136.00
Current assets6,846.008,309.007,747.007,427.007,841.008,970.008,412.0010,317.00
Property, plant and equipment1,896.001,989.002,126.002,483.002,624.002,574.002,629.002,810.00
Capital work-in-progress245.00286.00216.00171.00193.00207.00254.00460.00
Goodwill7,687.008,025.008,051.0010,334.0011,349.0011,330.0011,608.0011,884.00
Other intangible assets2,754.002,841.002,785.006,326.007,498.007,359.007,222.007,112.00
Inventories2,582.002,702.002,621.002,769.003,306.003,600.003,559.003,527.00
Trade receivables860.00798.00852.00897.001,002.00870.001,163.001,148.00
Cash and cash equivalents1,006.001,540.001,385.002,320.001,957.002,726.001,654.003,047.00
Total equity and liabilities20,811.0022,811.0022,191.0028,021.0030,970.0031,978.0032,006.0034,453.00
Equity16,077.0017,127.0017,030.0017,436.0020,516.0021,390.0021,705.0023,189.00
Equity share capital92.0093.0093.0095.0099.0099.0099.0099.00
Other equity14,797.0016,184.0016,061.0015,962.0019,033.0019,902.0020,215.0021,689.00
Total liabilities4,734.005,684.005,161.0010,585.0010,453.0010,587.0010,302.0011,264.00
Non-current liabilities1,658.001,760.001,801.004,394.005,038.004,746.004,834.004,686.00
Current liabilities3,076.003,925.003,360.006,191.005,415.005,841.005,468.006,579.00
Borrowings, non-current225.00206.00178.00168.00153.00191.00298.00302.00
Borrowings, current661.00977.00897.002,786.002,244.001,658.001,696.001,818.00
Trade payables1,890.002,348.001,912.002,707.002,543.003,508.002,987.003,875.00

Cash flow, as filed

Line2022-09-302023-03-312023-09-302024-03-312024-09-302025-03-312025-09-302026-03-31
Net cash from operating activities296.001,461.00438.001,937.00295.002,057.00203.002,422.00
Net cash from investing activities25.00-828.00414.00-1,931.00-2,023.00-2,354.00-525.00-1,398.00
Net cash from financing activities-649.00-714.00-958.00256.001,657.00453.00-499.00-1,075.00
Purchase of property, plant and equipment140.00312.00145.00335.00219.00460.00210.00449.00
Net increase in cash-360.00-87.00-108.00281.00-36.00206.00-785.0035.00
con:CFO.BEFORE_TAX484.001,850.00584.002,334.00562.002,518.00485.002,985.00
con:INTEREST_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:INTEREST_PAID.OPERATING0.000.000.000.000.000.000.000.00
con:DIVIDENDS_RECEIVED.OPERATING0.000.000.000.000.000.000.000.00
con:TAX_PAID.OPERATING188.00389.00146.00398.00267.00462.00282.00563.00
con:CF_OTHER.OPERATING0.000.000.000.000.000.000.000.00
con:INVESTMENTS_PURCHASED50.0050.000.000.000.000.000.000.00
con:INVESTMENTS_SOLD0.000.000.000.000.000.000.000.00
con:PPE_DISPOSALS1.0022.0025.0024.002.0045.006.0042.00
con:CF_INVESTING.SUBSIDIARIES_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.SUBSIDIARIES_ACQUIRED0.0055.000.003,859.001,809.001,809.000.000.00
con:CF_INVESTING.JV_SOLD0.000.000.000.000.000.000.000.00
con:CF_INVESTING.JV_ACQUIRED0.00100.000.000.000.000.000.000.00

Who owns it

The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.

Holder2023-09-302023-12-312024-01-192024-03-312024-06-302024-08-232024-09-302024-12-312025-03-312025-06-302025-09-302025-12-312026-03-312026-06-30
Promoter and promoter group34.4234.4233.5633.5533.5533.8433.8433.8433.8433.840.340.340.340.34
Domestic institutions16.8817.0716.9017.3918.7318.9618.7719.4821.9522.030.220.230.240.25
Mutual funds—————————9.740.090.090.090.10
Insurance companies9.779.879.659.8710.5810.539.7210.1311.2811.070.120.130.130.12
Foreign institutions25.2725.6225.5225.4624.1224.0624.3523.2321.5421.960.220.210.210.20
Government—————————0.010.000.000.000.00
Public65.5865.5866.4466.4566.4566.1666.1666.1666.1666.160.660.660.660.66
Non-institutional23.4322.8824.0123.5823.5823.1323.0223.4522.6622.160.220.210.210.21
Shares outstanding928719078928719078952542244952573704952573704989403547989403547989458618989498558989533750989541732989546044989561780989645268

Related parties

Transactions with related parties as disclosed to the exchange for the period ending 2025-03-31, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.

CounterpartyRelationshipTypeAmount in the periodTransactions
Tata Chemicals LimitedAssociate of PromoterAny other transaction, Purchase of goods or services9,049,700,000.004
Capital Foods Private LimitedSubsidiaryAny other transaction, Purchase of goods or services4,475,300,000.004
Tata Consumer Products UK Group Ltd.SubsidiaryAny other transaction, Dividend received, Interest r3,685,700,000.006
Tata Consumer Products Capital LtdSubsidiaryDividend received, Interest received, Loan2,386,900,000.003
Tata Coffee Vietnam Company LimitedSubsidiaryAny other transaction, Investment, Sale of goods or 2,378,800,000.006
Tata Consumer Products US Inc. (Formerly Tetley USA Inc.)SubsidiaryAny other transaction, Interest received, Loan, Sale2,113,100,000.0015
ORGANIC INDIA PRIVATE LIMITEDSubsidiaryAny other transaction, Inter-corporate deposit, Inte1,830,200,000.007
Tata Coffee Limited (Previously known as TCPL Beverages &ampSubsidiaryAny other transaction, Inter-corporate deposit, Inte1,729,600,000.0012
Tata Consumer Products Canada Inc.SubsidiaryAny other transaction, Interest received, Sale of go1,583,600,000.005
Tata Consumer Products GB Ltd.SubsidiaryAny other transaction, Interest received, Sale of go1,311,500,000.0025
Tata Consumer Products LimitedHolding CompanyInter-corporate deposit, Interest received1,022,000,000.002
Tata Starbucks Private LimitedJoint VentureAny other transaction, Investment, Sale of goods or 1,009,700,000.007
Innovative Retail Concepts Private LimitedSubsidiaries and Joint Ventures ofAny other transaction, Sale of goods or services1,008,300,000.006
Tata Consumer Products US Holdings Inc.SubsidiaryAny other transaction, Interest received, Loan, Sale937,300,000.009
Amalgamated Plantations Private LimitedAssociatesAny other transaction, Purchase of goods or services832,300,000.008

What management said

Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.

DateQuarterWho spoke
2026-07-28Q1FY27AND CHIEF OPERATING OFFICER, CHIEF EXECUTIVE OFFICER, CORPORATE COMMUNICATIONS, OFFICERRead the call
2026-05-12Q4FY26AND CHIEF OPERATING OFFICER, AND CORPORATE COMMUNICATIONS, CHIEF EXECUTIVE OFFICER, OFFICERead the call
2026-01-30Q3FY26AND CHIEF OPERATING OFFICER, CHIEF EXECUTIVE OFFICER, CORPORATE COMMUNICATIONS, OFFICERRead the call
2025-11-07Q2FY26Read the call
2025-07-28Q1FY26AND CHIEF OPERATING OFFICER, CHIEF EXECUTIVE OFFICER, CORPORATE COMMUNICATIONS, OFFICERRead the call
2025-04-28Q4FY25AND CHIEF OPERATING OFFICER, CHIEF EXECUTIVE OFFICER, CORPORATE COMMUNICATIONS, OFFICERRead the call
2025-02-03Q3FY25CHIEF EXECUTIVE OFFICER, CORPORATE COMMUNICATIONSRead the call
2024-10-23Q2FY25AND CHIEF OPERATING OFFICER, CHIEF EXECUTIVE OFFICER, CORPORATE COMMUNICATIONS, OFFICERRead the call
2024-08-02Q1FY25CORPORATE COMMUNICATIONSRead the call
2024-04-29Q4FY24PRODUCTS LIMITEDRead the call
2024-02-14Q3FY24AND CHIEF OPERATING OFFICER, CHIEF EXECUTIVE OFFICER, CORPORATE COMMUNICATIONSRead the call
2023-11-07Q2FY24Read the call
2023-08-01Q1FY24CHIEF EXECUTIVE OFFICER, GROUP CHIEF FINANCIAL OFFICER, INVESTOR RELATIONS & CORPORATE, OFRead the call
2023-05-02Q4FY23AND CORPORATE COMMUNICATION, CHIEF EXECUTIVE OFFICER, GROUP CHIEF FINANCIAL OFFICER, OFFICRead the call
2023-02-07Q3FY23PRODUCTS LIMITEDRead the call
2022-10-27Q2FY23CONSUMER PRODUCTS LIMITED, CORPORATERead the call
2022-08-16Q1FY23CORPORATE, PRODUCTS LIMITED, TATARead the call
2022-05-09Q4FY22CORPORATE, PRODUCTS LIMITED, TATARead the call
2022-02-08Q3FY22TATA CONSUMER PRODUCTS LIMITEDRead the call
2021-10-28Q2FY22PRODUCTS LIMITEDRead the call
2021-08-09Q1FY22COMMUNICATION, TATA CONSUMER PRODUCTS, PRODUCTS LIMITEDRead the call
2021-05-13Q4FY21Read the call
2020-11-22Q2FY21Read the call

Some earlier announcements under this heading are covering letters only — no transcript was attached.

What they said about it, quarter by quarter

TopicQ3FY25Q3FY26Q4FY21Q4FY22Q4FY23Q4FY24Q4FY25Q4FY26
CapexI'm not sure -- at least I don't fathom, and I can't understand how unit economics will work in any other package with a large capex and large freight…—————There's another question in terms of capex plans for next year?—
Capital allocation—So, unless that happens, I don't think we will be doing acquisition, but that is not to say that we won't.In line with our strategic priority of exploring new opportunities we acquired the RTD business of NourishCo early in the year and we also expanded ou…Second question with respect to the media article stating that the company is planning to get into the home and personal care through acquisition led …—So, by April end, we will complete the acquisition [integration].In terms of revenue, I think when the acquisition happened, you had an aspiration to grow this at 30%.The Board recommended a dividend of INR10 per share, which is a substantial increase on where it was last year.
CostsBut since there are no fresh teas available, I think that input costs are pretty much locked in for the next 2 quarters.—On talking about performance on the standalone basis, standalone turnover 1850 Crores compared to 1335 Crores increase of 39% largely reflects the gro…The cost pressure however will continue for a while and we have got to be agile moving around.—At the time of consolidation merger announcement, you had indicated some cost savings and other synergies.—So you have a very unique raw material basket versus most of your competitors.
Debt and cashSo the local players have had time to adapt to the new prices, and therefore, not being starved of working capital overnight.—We have got our new CDO on Board and now we will get down to work on making sure we are leveraging all these tools, firing them up with analytics, etc…Just for example in pulses ROCE is almost infinite right because there is no capital, we are using third party it is just working capital and inventor…——Net working capital was down by one day and the notable piece was in the India business, net working capital is now negative one day and the final div…Working capital was down now to 21 from 26 days last year, and India was minus 2 versus minus 1 last year.
DemandSo the only pressure point on the non-branded business is at some point, there is going to be an impact on the demand, and that is going to flow throu…Our innovation pipeline remains strong, with 15 new product launches throughout the year.My second question was from salt, the volume growths obviously are very strong I was actually under an impression that there is a constraint and how m…Soulfull was brought in to specifically cater to the demand spaces of breakfast, snacking and mini meals and therefore the portfolio that you will see…The volume question, I don't think is related to your tea prices and tea costs as much as with the inflation and rural stress, which is the demand sid…But wanted to understand from inventory in the pipeline how is it, because the initial part of the -- any M&A, we do see that the inventory is there.But if it is a normal crop, then if supply greater than demand happens, then we would probably see an easing of prices and relief on margins, and also…And you'll see a lot of innovation also rolling out in the pipeline.
GuidanceI think by the time we set it up -- recruited and set it up, it took in a little bit of more time than what we expected.So, we remain bullish on Sampann, but again, I will go back to our guidance is for roughly 30% growth, and we will remain guided by that.Teapigs has performed very well during the year and we expect to accelerate this as we go forward, and we more or less held on to our share in the UK …The reason being we already told that in the last analyst call that we are managing the India business on an integrated basis and we often allocate ca…All brand metrics are strong, distribution remains healthy, and we just need to put our heads down and execute against our strategies and we do think …On forward-looking EBITDA, I think, I will refrain from giving a guidance at this stage.That said, going forward, we expect tea pricing, tea cost to soften rather than pricing going up if the tea crop is normal.As of now, we don't see any reason to change the guidance for that.
MarginTata Gluco Plus was the one impacted where -- while the INR 10 price was matched by competition, they had gone significantly deeper on retail margin, …Consolidated EBITDA up 26%, so EBITDA has grown roughly 2x of revenue.Our EBITDA growth for the quarter was impacted by tea inflation in India and increased A&P investment that more than offset the strong EBITDA growth i…EBITDA for the quarter was up 45% bringing the full year to 11%, on a two-year CAGR it is up by 16%.So if you can increase the disclosures on this business, in terms of some things like SSSG, or pre-IndAS EBITDA margins on a quarterly basis.And Tata Gluco Plus, which is the higher revenue or higher margin product, is what -- did not fire as well as we thought it would because of the delay…Consolidated EBITDA declined primarily on account of higher input costs in India in tea and in coffee in international, more tea than coffee, declined…Just as rider, margin has come back to where it should be as a result of this.
People—————Yes, on the second bit, as I was explaining earlier, this is largely a part of our annual review process that we look at all assets and across various…—Yes, FYI, I think Vietnam is now running at a 99% utilization.
PricingAnd do you think the industry will take sequential pricing?India Tea up 3%, as basically, as the tea prices have come down, we have started passing on pricing back to consumers.We have upped our A&P by about 18% for the quarter and put money behind our brands Kanan Devan had a relaunch during the quarter, at the left hand bot…On the standalone basis we grew revenue for the quarter by 5% and this is driven both by volume growth in the tea business as well as some pricing in …And as we've seen growth slowing down in certain geographies, we've taken more action on pricing.Whereas in the plantations, we get the upside of the entire coffee pricing going up.We did take graduated tea price increases to make sure that we recover margins, but make sure we maintain competitiveness.Profitability in the non-branded which was elevated last year due to pricing is now back to normal.
Revenue growthAnd do you think what you've done is sufficient to get you back to revenue growth, let's say, a few quarters down the line as you see it?So, if I have to summarize, we have had a decent quarter, where we had a 15% revenue growth.If I come to the executive summary for this quarter and in effect for the full year, the India business topline accelerated for this quarter as you wo…On a two-year CAGR basis this translates to a 15% revenue growth like-for-like business.And you saw the synergies coming through and the top lines being driven as a result of that.We remain extremely confident of our ability to drive the top line given what we are seeing on secondary sales, that's number one.If you knock off the acquisitions, organic growth was 12%.Salt delivered 12% revenue growth with a stellar volume growth as well.

What they said they would do

Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.

DateQuarterWhoWhat they said
2022-02-08Q3FY22TATA CONSUMER PRODUCTS LIMITEDWe have got 246 stores now 94% of the stores were opened, we are in 19 cities, we opened 13 stores for the quarter, we have continued our trend of opening between 45 to 50 stores (per year) so we expect to hit that target as well this year.
2026-07-28Q1FY27AND CHIEF OPERATING OFFICERTo answer your question number one, our guidance remains 30% growth.