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Tata Consumer Products Q2 FY27 results: net profit up 15.7% to ₹470.14 crore, revenue up 14.0%
Tata Consumer Products Ltd reported consolidated revenue of ₹5,661 crore in Q2 FY27, up 14.0% from Q2 FY26, while EBITDA rose 16.6% to ₹783.22 crore and net profit increased 15.7% to ₹470.14 crore. EBITDA margin expanded by 0.3 percentage points to 13.8%, and basic EPS rose to ₹4.75 from ₹4.09.
Key points
- Consolidated revenue was ₹5,661 crore in Q2 FY27, up 14.0% from ₹4,966 crore in Q2 FY26.
- EBITDA rose 16.6% to ₹783.22 crore, with margin at 13.8%, compared with 13.5% a year earlier.
- Net profit was ₹470.14 crore, up 15.7% from ₹406.51 crore, and basic EPS increased to ₹4.75.
- Against Q1 FY27, revenue rose 5.8%, EBITDA increased 8.2%, and net profit rose 10.1%.
- H1 FY27 revenue was ₹11,010.01 crore and net profit was ₹897.33 crore, up 13.0% and 21.5% respectively.
How did Tata Consumer Products perform in Q2 FY27?
Tata Consumer Products Ltd reported consolidated revenue of ₹5,661 crore in Q2 FY27, up 14.0% from ₹4,966 crore in Q2 FY26. EBITDA rose 16.6% to ₹783.22 crore and margin expanded by 0.3 percentage points to 13.8%. Net profit increased 15.7% to ₹470.14 crore, while basic EPS rose to ₹4.75 from ₹4.09. On a standalone basis, revenue was ₹4,207.50 crore and profit after tax was ₹242.81 crore.
Against Q1 FY27, consolidated revenue rose 5.8% to ₹5,661 crore from ₹5,349 crore and EBITDA increased 8.2% to ₹783.22 crore from ₹724.14 crore. EBITDA margin was 13.8%, compared with 13.5% in the previous quarter. Profit before tax rose 5.5% to ₹624.91 crore and net profit increased 10.1% to ₹470.14 crore, while basic EPS rose to ₹4.75 from ₹4.31.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 5,661 | 5,349 | 4,966 | +14.0% | +5.8% |
| Other income | 38.57 | 71.94 | 38.01 | +1.5% | −46.4% |
| Total expenses | 5,067 | 4,829 | 4,481 | +13.1% | +4.9% |
| EBITDA | 783.22 | 724.14 | 671.78 | +16.6% | +8.2% |
| EBITDA margin | 13.8% | 13.5% | 13.5% | +0.3 pp | +0.3 pp |
| Profit before tax | 624.91 | 592.21 | 523.28 | +19.4% | +5.5% |
| Tax | 157.68 | 147.35 | 126.23 | +24.9% | +7.0% |
| Net profit | 470.14 | 427.19 | 406.51 | +15.7% | +10.1% |
| EPS (₹) | 4.75 | 4.31 | 4.09 | +16.1% | +10.2% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Tata Consumer Products' costs and profit?
Total expenses increased by ₹586.79 crore, or 13.1%, to ₹5,067 crore from ₹4,481 crore in Q2 FY26. Cost of materials rose by ₹47.89 crore to ₹2,032 crore, employee cost increased by ₹69.06 crore to ₹475.76 crore, and other expenses were higher by ₹89.08 crore at ₹1,100 crore. Finance costs declined by ₹7.53 crore to ₹25.70 crore, while depreciation rose by ₹10.53 crore to ₹163.81 crore.
Other income was ₹38.57 crore, up ₹0.56 crore from ₹38.01 crore, while tax expense increased by ₹31.45 crore to ₹157.68 crore. The quarter included an exceptional charge of ₹7.37 crore, against no exceptional item in Q2 FY26. Profit before tax rose by ₹101.63 crore, or 19.4%, to ₹624.91 crore; net profit rose by ₹63.63 crore to ₹470.14 crore.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 2,032 | 1,984 | +47.89 | +2.4% |
| Employee cost | 475.76 | 406.70 | +69.06 | +17.0% |
| Finance costs | 25.70 | 33.23 | −7.53 | −22.7% |
| Depreciation | 163.81 | 153.28 | +10.53 | +6.9% |
| Other expenses | 1,100 | 1,011 | +89.08 | +8.8% |
| Total expenses | 5,067 | 4,481 | +586.79 | +13.1% |
| Other income | 38.57 | 38.01 | +0.56 | +1.5% |
| Tax | 157.68 | 126.23 | +31.45 | +24.9% |
| Exceptional items | −7.37 (charge) | none |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In H1 FY27, Tata Consumer Products reported consolidated revenue of ₹11,010.01 crore, up 13.0% from ₹9,744.81 crore in H1 FY26. Total income rose 13.2% to ₹11,120.52 crore, profit before tax increased 23.1% to ₹1,217.12 crore, and net profit rose 21.5% to ₹897.33 crore. Basic EPS increased to ₹9.06 from ₹7.47.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 11,010 | 9,745 | +13.0% |
| Profit before tax | 1,217 | 988.70 | +23.1% |
| Net profit | 897.33 | 738.26 | +21.5% |
| EPS (₹) | 9.06 | 7.47 | +21.3% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹33,697.86 crore, lower than ₹34,452.96 crore at 31 March 2026, while total equity was ₹23,247.0 crore compared with ₹23,188.86 crore. Borrowings fell to ₹1,818.1 crore from ₹2,120.31 crore and cash declined to ₹2,066.89 crore from ₹3,046.57 crore. Inventories were ₹3,885.34 crore, trade receivables ₹1,341.29 crore, and trade payables ₹3,770.86 crore.
H1 FY27 operating cash flow was ₹386.1 crore, compared with ₹203.41 crore in H1 FY26. Investing cash flow was ₹263.0 crore, compared with a negative ₹525.36 crore a year earlier, while financing cash flow was negative ₹1,254.69 crore compared with negative ₹499.19 crore. Capital expenditure was ₹249.04 crore in H1 FY27, against ₹209.83 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 33,698 | 34,453 |
| Total equity | 23,247 | 23,189 |
| Borrowings | 1,818 | 2,120 |
| Cash and equivalents | 2,067 | 3,047 |
| Inventories | 3,885 | 3,527 |
| Trade receivables | 1,341 | 1,148 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 386.10 | 203.41 |
| Cash from investing | 263 | −525.36 |
| Cash from financing | −1,255 | −499.19 |
| Capital expenditure | 249.04 | 209.83 |
Source: Company's results filing (XBRL).
How has Tata Consumer Products done over the last 8 quarters?
Revenue rose year on year in each of the last eight quarters, while profit rose year on year in each of the last seven. Revenue increased from ₹4,443.56 crore in Q3 FY25 to ₹5,661.13 crore in Q2 FY27, the highest level in the period shown. Net profit reached ₹470.14 crore in Q2 FY27, compared with its low of ₹281.92 crore in Q3 FY25.
EBITDA margin increased from 12.7% in Q3 FY25 to 13.8% in Q2 FY27. It peaked at 14.6% in Q4 FY26, fell to 13.5% in Q1 FY27, and then increased to 13.8% in the latest quarter. Revenue and net profit both moved higher in Q2 FY27 from Q1 FY27, while the margin also increased.
Which businesses drove the quarter?
India Business reported revenue of ₹3,666.13 crore, up 17.4% from ₹3,122.15 crore in Q2 FY26, with EBIT of ₹408.54 crore against ₹358.76 crore. Its reported EBIT margin was 11.1%. International Business revenue was ₹1,370.16 crore, up 6.4% from ₹1,287.71 crore, while EBIT increased to ₹182.1 crore from ₹147.76 crore; the reported EBIT margin was 13.3%.
Non Branded Business recorded revenue of ₹658.77 crore, up 11.6% from ₹590.16 crore, and EBIT of ₹97.51 crore compared with ₹75.97 crore. Its reported EBIT margin was 14.8%. Others reported revenue of ₹12.19 crore, up 5.7% from ₹11.53 crore, and EBIT of ₹20.77 crore against ₹34.45 crore.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| India Business | 3,666 | +17.4% | 408.54 | 11.1% |
| International Business | 1,370 | +6.4% | 182.10 | 13.3% |
| Non Branded Business | 658.77 | +11.6% | 97.51 | 14.8% |
| Others | 12.19 | +5.7% | 20.77 | 170.4% |
Source: Company's results filing (XBRL segment data).
What else did the company announce?
The board approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026 on 26 October 2026, along with the auditors’ limited review reports. The filing also included an investor presentation on the results.
In a separate same-day filing, the board approved the appointment of Sunil Lobo as President and Head – India Sales with effect from 1 December 2026, following Punit Gupta’s move to President and Head – Strategy and Business Transformation. It also approved the cessation of Mahesh Israni as Head – Business Integration and Transformation due to retirement, effective 31 January 2027. The same-day filings did not mention a dividend or fund raise.
What did Tata Consumer Products' management say?
Management maintained FY27 consolidated EBITDA margin expansion guidance of 50-70 bps. It guided salt to mid-single-digit volume growth plus a couple of basis points of price, growth businesses to 30%+ growth for at least the next 2-3 years, Capital Foods and Organic India to 25-30% growth, and RTD to 30% growth. Management expects tea value growth to move above volume growth from Q3 FY27 as cumulative pricing of 8-10% flows through.
Management said growth businesses rose 40% and represented 38% of India revenue, while salt volumes rose 9% and revenue rose 15%. It cited tea cost inflation with flat volumes, salt and tea commodity inflation, the Mundra port strike and UK heatwave as risks. The port strike disrupted roughly 10-12 days of shipping and the UK heatwave cut international revenue by 8% in the quarter.
Management said an AI sales companion was live for 1,600-1,700 salesmen, with 100% coverage targeted by December. The call also covered product launches, including 22 new products in Q2 and 36 in the first half. No analyst concerns were recorded in the provided materials.
How did Tata Consumer Products shares react?
Tata Consumer Products shares initially fell 0.3% five minutes after the filing appeared after market, then rose 1.5% after 15 minutes and 2.1% after 30 minutes. The stock closed the reaction day up 6.8% from its pre-results close. By the next day’s close, it remained up 6.8% from that close, and by five sessions it was up 13.9%.
The Tea & Coffee industry’s median stock move was 1.6% on the reaction day, 1.3% by the next day’s close and 2.8% by five sessions. Tata Consumer Products therefore exceeded the industry median by 5.2 percentage points on the reaction day, 5.5 percentage points by the next day’s close and 11.1 percentage points by five sessions. Earlier results-day moves included gains of 8.0% on 8 May 2026 and 3.0% on 27 January 2026.
| After the filing | Stock | Tea & Coffee median |
|---|---|---|
| 5 minutes | −0.3% | |
| 15 minutes | +1.5% | |
| 30 minutes | +2.1% | |
| Reaction day | +6.8% | +1.6% |
| Next day | +6.8% | +1.3% |
| 5 days | +13.9% | +2.8% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 24 July 2026 | +1.5% |
| 8 May 2026 | +8.0% |
| 27 January 2026 | +3.0% |
| 3 November 2025 | +2.8% |
| 23 July 2025 | +0.8% |
| 30 January 2025 | +5.9% |
| 18 October 2024 | −7.4% |
| 30 July 2024 | −0.6% |
Source: MarketPing price-reaction measurement.
Quick answers
What was Tata Consumer Products' revenue in Q2 FY27?
Revenue from operations was ₹5,661 crore, up 14.0% from ₹4,966 crore in Q2 FY26 (consolidated).
Did Tata Consumer Products make a profit in Q2 FY27?
Yes. Net profit was ₹470.14 crore, against a net profit of ₹406.51 crore in Q2 FY26.
What was Tata Consumer Products' EPS in Q2 FY27?
Basic earnings per share were ₹4.75, against ₹4.09 in Q2 FY26.
How did Tata Consumer Products shares react to the Q2 FY27 results?
On the reaction day the stock moved +6.8% from the previous close; the median Tea & Coffee stock moved +1.6%.
When did Tata Consumer Products announce its Q2 FY27 results?
On 26 October 2026, in a filing to the NSE.
Sources
- Board Meeting Intimation for Unaudited Standalone And Consolidated Financial Results For The Quarter And Half Year Ended September 30, 2026 (BSE, 19 October 2026) · PDF
- Outcome of Board Meeting (NSE, 26 October 2026) · PDF
- Outcome of Board Meeting (NSE, 26 October 2026) · PDF
- The earnings call (29 October 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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