Tata Consumer today said its consolidated profit after tax jumped 38 per cent YoY to Rs 255.46 crore in Q1, while its revenue increased 11 per cent YoY to Rs 3,327 crore.
The FMCG company’s EBITDA margin expanded 40 bps YoY to 13.8 per cent.
“We delivered double-digit revenue growth and improved profitability for the company despite a challenging macro environment and inflation impact in some of our categories,” said Sunil D’Souza, Managing Director & CEO of
.
The company said it recorded market share gains in both our core categories of tea and salt in India.
“In terms of profitability, we delivered an EBITDA margin expansion YoY, despite severe inflationary pressures in the salt business and significantly higher A&P,” he said.
During the quarter, TCPL’s India business grew by 9%, while the international business revenue was up 9% during the quarter. The company derives around 28 per cent of its revenues from operations outside of India.
The India packaged beverages business recorded a 4% revenue decline on an elevated base that saw 24% revenue growth in the same period last year.
Coffee volume grew 43% YoY with revenue growth of 73% during the quarter with new SKU launches and rollout in new geographies.
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