1. Opening Hook
Just when India was done debating GST tantrums, Tata Consumer walked in with an 18% revenue jump — like that overachiever cousin who tops exams even in a blackout. As theGuru Granth Sahibreminds us, “In the midst of chaos, remain in remembrance,” and clearly TCPL remembered pricing better than the entire FMCG universe this quarter.Sip your chai, because this story gets spicier than Capital Foods’ Schezwan later.
2. At a Glance
- Revenue – Up 18%– Clearly tea drank Red Bull.
- India Branded UVG – 14%– Volume party finally resumed.
- EBITDA – Up 7%– Coffee ruined the vibe but tea saved the day.
- Margins – 13.6% consol– Still breathing fine after GST drama.
- Group Net Profit – ₹400 Cr– Respectable, not explosive.
- Cash – ~₹1,000 Cr– CFO sleeps deeply every night.
3. Management’s Key Commentary (Quotes + Sarcastic Translations)
“We had a good quarter with 18% revenue growth.”(Translation: Yes, we beat expectations. Please clap.)
“India branded UVG was 14%.”(Translation: Consumers finally stopped downtrading to loose tea.)
“Tea margins back to normative 34–36%.”(Translation: Chill. Tea inflation won’t haunt us this year. 😏)
“Coffee is the one to watch now.”(Translation: Coffee prices are behaving like Bitcoin — rising just to annoy us.)
“RTD grew 31% volume.”(Translation: India is permanently thirsty, GST or no GST.)
“Capital Foods and Organic India saw GST hiccups.”(Translation: GST logic struck again, we suffered, we move.)
“We’re adding Korean, noodles, and more.”(Translation: Desi-Chinese is good,
but K-drama kuch aur hi hai.)
4. Numbers Decoded
Metric Q2 FY26 YoY Change Commentary
Consolidated Revenue ~₹5,000 Cr +18% Tea + Salt + RTD = bulldozer
India Beverages Revenue +12% — Tea margins normalizing
India Foods Revenue +19% — Sampann + oils + dry fruits boom
International Revenue +9% — U.S. & Canada steady
Non-branded Revenue +26% — Coffee volatility circus
EBITDA Margin 13.6% +70 bps QoQ Margin repairing surgery successful
Group Net Profit ₹400 Cr — Modest, stable, clean
Cash ~₹1,000 Cr — FMCG flexing rightsShort analysis: Tea chilled, coffee rebelled, RTD partied, and GST played villain for 10 days.
5. Analyst Questions (Short & Savage Translations)
Q: More tea price cuts coming?A: Margins stay 34–36%.(Translation: Don’t push it. We’re not running a charity.)
Q: Is coffee sustainable?A: Depends on Brazil’s tariff mood swings.(Translation: Coffee market = toxic
