InvestorQ : What are the latest results of Tata Consumer Products looking like for the Sep-20 quarter?
Aditi Sharma made post

What are the latest results of Tata Consumer Products looking like for the Sep-20 quarter?

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Mahima Roy answered.
3 weeks ago
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Tata Consumer Products, formerly Tata Global Beverages, reported 19% rise in the Sep-20 quarter sales at Rs.2781 crore. The operating profits of Tata Consumer were up 31.6% at Rs.337 crore due to a combination of higher sales absorbing fixed costs better and more efficient management of working capital inventories.

The result was that the operating margin expanded from 10.91% to 12.12% in the Sep-20 quarter. PAT was up 31.4% at Rs.273 crore despite Rs.24 crore of extraordinary write off on account of integration of the foods business. Net margins expanded tentatively from 8.86% to 9.82% in the second quarter.

It must be remembered that the number include the consumer foods and salt business of Tata Chemicals which was integrated into Tata Global. The well known brand of Tata Salt, which was under Tata Chemicals, was also brought into Tata Consumer.

In terms of overall business mix for the Sep-20 quarter, the sales of domestic beverages accounted for 45%, the sales of international beverages accounted for 32% while India food business took 23%. It is clearly beverages that have dominated the narrative.

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