TATA CONSUMER PRODUCT LTD

During the earnings conference call for the quarter ended June 30, 2026, management reported a consolidated revenue growth of 12%, with the India business achieving a 13% volume growth. India tea volumes increased by 2%, although revenue declined by 4% due to reduced tea costs being passed on to consumers. Salt revenue grew by 7%, driven by a 7% volume increase. The growth businesses saw a significant 47% year-on-year growth, now accounting for over one-third of the India business. The U.S. business reported a 7% growth in constant currency, while overall international business grew by 3% in constant currency. EBITDA grew by 19%, with margins expanding by 70 basis points to 13.6%. Management highlighted a strong focus on innovation, launching 14 new products during the quarter, and emphasized sustainability efforts, including membership in the Dow Jones World Index. The call concluded with a Q&A session addressing various operational and market-related queries.

Management highlighted strong revenue growth and successful product innovation.