Tata Consumer Q2FY23 PAT up 22.4% at Rs327.96 crore on inventory efficiency and exceptional gains

25 Oct 2022 , 08:38 PM

Tata Consumer Products reported 10.88% growth in total revenues for the September 2022 quarter on consolidated basis at Rs3,363cr.

Revenue growth was 1.09% in sequential terms. The India business showed a growth of 9.2% at Rs2,160 crore while the international business grew 7.4% at Rs839 crore.

The revenue growth was 10% in constant currency terms. India packaged beverages grew 7%, India coffee business grew 39% while the India foods business grew 29%.

Tata Sampann portfolio recorded double digit growth yoy.

Consolidated Profit after tax (PAT) for September 2022 quarter was up 22.35% at Rs328cr and it was 28.4% higher on sequential basis.

The operating profits of the India business saw growth while the operating profits of the international business halved on yoy basis due to global headwinds and supply chain constraints.

The profits got a boost from an exceptional gain in the quarter of Rs110 crore arising from the sale of land. Net profit margins at 9.75% in Q2FY23 were higher compared to 8.84% in Q2FY22 and against 7.68% in Q2FY23.

Financial highlights for Sep-22 compared yoy and sequentially

	Tata Consumer Products
Rs in Crore	Sep-22	Sep-21	YOY	Jun-22	QOQ
Total Income (Rs cr)	₹ 3,363.05	₹ 3,033.12	10.88%	₹ 3,326.83	1.09%
Net Profit (Rs cr)	₹ 327.96	₹ 268.04	22.35%	₹ 255.46	28.38%
Diluted EPS (Rs)	₹ 3.56	₹ 2.91		₹ 2.77
Net Margins	9.75%	8.84%		7.68%