TATA CONSUMER PRODUCTS LIMITED — Reporting period: Quarter and year ended March 31, 2026 (with comparative periods December 31, 2025 and March 31, 2025)
| National Stock Exchange of India Limited | BSE Limited | The Calcutta Stock Exchange Limited |
|---|---|---|
| Exchange Plaza, C-1, G Block | Phiroze Jeejeebhoy Towers | 7 Lyons Range |
| Bandra Kurla Complex, Bandra (E) | Dalal Street | Kolkata 700 001 |
| Mumbai 400 051 | Mumbai 400 001 | |
| Scrip Code – TATACONSUM | Scrip Code – 500800 | Scrip Code – 10000027 |
| (Demat) 27 (Physical) |
| Particulars | Three months ended | Year ended |
|---|---|---|
| March 31, 2026 Refer Note 5 |
December 31, 2025 Unaudited |
|
| Revenue from Operations | 3891.76 | 3694.02 |
| Other Income | 28.35 | 14.65 |
| Total Income | 3920.11 | 3698.67 |
| Cost of materials consumed | 1188.12 | 1051.59 |
| Purchase of stock-in-trade | 1282.74 | 1250.33 |
| Changes in inventories of finished goods, work-in-progress & stock-in-trade | 79.78 | 63.93 |
| Employees benefits expense | 192.94 | 186.83 |
| Finance costs | 23.13 | 22.12 |
| Depreciation and amortisation expense | 61.35 | 59.06 |
| Other expenses | 636.34 | 628.04 |
| Total Expenses | 3464.40 | 3281.90 |
| Profit before Exceptional Items and Tax | 455.71 | 416.77 |
| Exceptional Items (Net) | (34.60) | 18.43 |
| Profit before Tax | 421.11 | 435.20 |
| Tax Expense | ||
| Current Tax | (99.14) | (115.08) |
| Deferred Tax | (6.81) | 0.72 |
| Total Tax Expense (Net) | (105.95) | (114.36) |
| Net Profit after Tax (A) | 315.16 | 320.84 |
| Particulars | March 31, 2026 | December 31, 2025 | March 31, 2025 | March 31, 2026 | March 31, 2025 |
|---|---|---|---|---|---|
| Remeasurement of defined benefit plans | (1.90) | 2.77 | 3.29 | 1.23 | (4.97) |
| Changes in fair valuation of equity instruments | (26.60) | (49.37) | 0.27 | (15.73) | 13.05 |
| (28.50) | (46.60) | 3.56 | (14.50) | 8.08 | |
| Tax impact of above items | 4.28 | 6.36 | (0.97) | 1.94 | (2.50) |
| (24.22) | (40.24) | 2.59 | (12.56) | 5.58 |
| Particulars | March 31, 2026 | December 31, 2025 | March 31, 2025 | March 31, 2026 | March 31, 2025 |
|---|---|---|---|---|---|
| Gains/(loss) on effective portion of cash flow hedges | (21.40) | (2.54) | 8.43 | (36.97) | 1.88 |
| Tax impact of above item | 5.39 | 0.64 | (2.12) | 9.31 | (0.47) |
| (16.01) | (1.90) | 6.31 | (27.66) | 1.41 |
| Total Other Comprehensive Income, net of tax (B) | (40.23) | (42.14) | 8.90 | (40.22) | 6.99 |
|---|---|---|---|---|---|
| Total Comprehensive Income (A+B) | 274.93 | 278.70 | 285.80 | 1594.93 | 1261.74 |
| Paid-up equity share capital (Face value of Re. 1 each) | 98.96 | 98.95 | 98.95 | 98.96 | 98.95 |
| Reserves excluding Revaluation Reserves | 17705.85 | 16911.01 | |||
| Earnings per Share (not annualised for the quarter) | |||||
| Basic – Rs | 3.18 | 3.24 | 2.80 | 16.52 | 12.87 |
| Diluted – Rs | 3.18 | 3.24 | 2.80 | 16.51 | 12.82 |
| Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| ASSETS | ||
| Non-Current Assets | ||
| Property, Plant and Equipment | 715.83 | 710.26 |
| Capital work-in-progress | 5.35 | 5.40 |
| Right of Use Assets | 378.88 | 258.02 |
| Goodwill | 3859.95 | 3859.95 |
| Other Intangible Assets | 2393.49 | 2475.57 |
| Intangible Assets under development | 13.55 | 3.36 |
| Financial Assets | ||
| – Investments | 9710.29 | 9711.34 |
| – Loans | 0.54 | 1.59 |
| – Other Financial Assets | 59.46 | 44.94 |
| Non-Current Tax Assets (Net) | 167.66 | 132.20 |
| Other Non-Current Assets | 258.01 | 120.77 |
| Total Non-Current Assets | 17563.01 | 17323.40 |
| Current Assets | ||
| Inventories | 1950.83 | 2139.29 |
| Financial Assets | ||
| – Investments | 690.36 | 238.47 |
| – Trade Receivables | 712.69 | 547.62 |
| – Cash and Cash Equivalents | 357.26 | 256.16 |
| – Other Bank Balances | 365.33 | 88.96 |
| – Loans | 441.53 | 295.96 |
| – Other Financial Assets | 61.77 | 45.21 |
| Other Current Assets | 487.12 | 559.50 |
| Total Current Assets | 5066.89 | 4171.17 |
| TOTAL ASSETS | 22629.90 | 21494.57 |
| EQUITY AND LIABILITIES | ||
| Equity Share Capital | 98.96 | 98.95 |
| Other Equity | 17705.85 | 16911.01 |
| TOTAL EQUITY | 17804.81 | 17009.96 |
| Non-Current Liabilities | ||
| Financial Liabilities | ||
| – Lease Liabilities | 342.68 | 232.31 |
| – Other Financial Liabilities | – | 124.71 |
| Other Non-Current Liabilities | 6.60 | 8.08 |
| Provisions | 164.10 | 172.30 |
| Deferred Tax Liabilities | 686.65 | 687.43 |
| Total Non-Current Liabilities | 1200.03 | 1224.83 |
| Current Liabilities | ||
| Financial Liabilities | ||
| – Borrowings | 273.81 | 165.79 |
| – Lease Liabilities | 60.71 | 46.03 |
| Trade Payables | ||
| – Total outstanding dues of Micro enterprises and Small enterprises | 107.00 | 36.39 |
| – Total outstanding dues of creditors other than Micro enterprises and Small enterprises | 2649.72 | 2635.88 |
| Other Financial Liabilities | 233.22 | 106.30 |
| Other Current Liabilities | 158.23 | 153.42 |
| Provisions | 137.24 | 110.85 |
| Current Tax Liabilities (Net) | 5.13 | 5.13 |
| Total Current Liabilities | 3625.06 | 3259.78 |
| TOTAL EQUITY AND LIABILITIES | 22629.90 | 21494.57 |
| Particulars | March 31, 2026 | March 31, 2025 |
|---|---|---|
| A. Cash Flow from Operating Activities | ||
| Net Profit before Tax | 2046.59 | 1503.24 |
| Adjusted for: | ||
| Depreciation and Amortisation | 229.14 | 215.99 |
| Finance Cost | 90.99 | 202.61 |
| Dividend Income | (475.56) | (396.42) |
| Gains on Current Investments (net) | (20.42) | (14.54) |
| Interest Income | (51.96) | (35.43) |
| Unrealised foreign exchange (gain) / loss | (0.18) | (0.21) |
| Impairment loss recognised in Trade Receivables (net of reversal) | 1.16 | 4.72 |
| Share based payment to employees | 12.89 | 10.59 |
| (Profit) / Loss on sale of Property, Plant & Equipment (net) | 3.09 | (9.67) |
| Others | 0.05 | -2.11 |
| Exceptional Items: | ||
| – Fair value gain on remeasurement of Contingent consideration | (55.57) | (120.00) |
| – Profit on Sale of Non-core asset | (35.36) | |
| – Asset write down | 33.66 | 38.82 |
| – Fair value loss and Impairment of Investments | 53.59 | – |
| – Statutory Impact of New Labour codes | 19.85 | – |
| – Expenses in connection with Business restructure and reorganization | – | 14.78 |
| – Expenses in connection with the Scheme of Arrangement | – | 11.00 |
| Operating Profit before working capital changes | 1851.96 | 1423.37 |
| Adjustments for: | ||
| Trade Receivables and Other Assets | (253.22) | (101.15) |
| Inventories | 187.61 | (480.37) |
| Trade payables and Other Liabilities | 101.57 | 715.32 |
| Cash generated from / (used in) Operations | 1887.92 | 1557.17 |
| Direct taxes paid (net) | (436.43) | (283.06) |
| Net Cash from / (used in) Operating Activities | 1451.49 | 1274.11 |
| B. Cash Flow from Investing Activities | ||
| Payment for Property, Plant and Equipment including Intangible Assets | (145.50) | (122.06) |
| Sale of Property, Plant and Equipment | 41.63 | 12.16 |
| Acquisition of Subsidiaries | – | (1809.00) |
| Sale of Non Current Investments carried at fair value through OCI | – | 0.18 |
| Investment in Joint Venture | – | (125.00) |
| Investment in Subsidiary | (68.31) | (166.04) |
| Payment of deferred consideration | (16.48) | – |
| Dividend Income received | 475.56 | 396.42 |
| Interest Income received | 44.98 | 29.80 |
| (Purchase) / Sale of Current Investments (net) | (431.47) | (69.20) |
| Fixed Deposits Placed | (341.09) | (182.00) |
| Fixed Deposits Redeemed | 67.58 | 230.03 |
| Inter Corporate Deposits and Loans Placed | (545.00) | (431.50) |
| Inter Corporate Deposits and Loans Redeemed | 400.50 | 391.55 |
| Net cash from / (used in) Investing Activities | (517.59) | (1844.66) |
| C. Cash Flow from Financing Activities | ||
| Proceeds from Allotment of shares on exercise of performance share units | 0.01 | – |
| Proceeds from Rights Issue (Net of share issue expenses) | – | 2980.57 |
| Proceeds from / (Repayment of) commercial papers for acquisition funding (net) | – | (1164.49) |
| Proceeds from / (Repayment of) Short term borrowings (net) | 107.00 | (144.81) |
| Payment of Lease Liabilities | (54.39) | (48.07) |
| Dividend paid | (81.34) | (738.45) |
| Finance Cost paid | (70.11) | (173.49) |
| Net Cash from / (used in) Financing Activities | (833.83) | 711.26 |
| Net increase / (decrease) in Cash and Cash Equivalents (A+B+C) | 100.07 | 140.71 |
| Opening balance of Cash and Cash Equivalents | 225.38 | 84.67 |
| Closing Cash and Cash Equivalents | 325.45 | 225.38 |
| Particulars | March 31, 2026 | March 31, 2025 |
|---|---|---|
| Cash and Cash Equivalents | 325.45 | 225.38 |
| Add : Bank Overdraft | 31.81 | 30.78 |
| Balance at the end of the year | 357.26 | 256.16 |
| Particulars | Three months ended | Year ended |
|---|---|---|
| March 31, 2026 Refer Note 5 | December 31, 2025 Unaudited | |
| a. Debt-Equity Ratio | 0.04 | 0.05 |
| b. Debt service coverage ratio | 11.32 | 12.24 |
| c. Interest Service Coverage Ratio | 19.55 | 21.05 |
| d. Net worth (Rs. in Crores) | 17804.81 | 17528.23 |
| e. Current ratio | 1.40 | 1.32 |
| f. Long term debt to working capital | 0.27 | 0.34 |
| g. Current liability ratio | 0.75 | 0.74 |
| h. Total debts to total assets | 0.03 | 0.04 |
| i. Debtors turnover* | 21.88 | 21.32 |