Tata Consumer Products
Tata Consumer Products
Consumer Goods F&OKey Fundamentals
MidcapTea & CoffeeConsumer GoodsTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has been maintaining a healthy dividend payout of 64.1%
Weaknesses
3- Stock is trading at 4.35 times its book value
- The company has delivered a poor sales growth of 11.8% over past five years.
- Company has a low return on equity of 7.52% over last 3 years.
Growth Rate
AI Analysis — Bull vs Bear
Tata Consumer Products has a market capitalisation of about ₹97,648 crore and trades at a P/E of 59.4x and a P/B of 4.48x. Growth has picked up recently, with TTM sales up 16% and TTM profit up 25%, compared with 5-year compounded sales and profit growth of 12% each. Return on equity is low at 7-8% across the 3, 5 and 10-year periods, and the stock has returned -12% over 1 year and 4% CAGR over both 3 and 5 years.
- TTM compounded sales growth of 16% is ahead of the 3-year (14%), 5-year (12%) and 10-year (12%) rates, so top-line growth is speeding up.
- TTM profit growth of 25% is well above the 3-year profit CAGR of 13%, which points to operating leverage or margin gains in the latest period.
- Sales have compounded at 12% over 10 years, showing that revenue has grown steadily at double digits across economic cycles.
- The dividend payout ratio is 64.1% and the dividend yield is 1.01%, meaning a large share of earnings is returned to shareholders and cash generation looks steady.
- The stock has returned 21% CAGR over 10 years, a long-term record of creating shareholder value.
- The stock is down 12% over the past year while TTM profit grew 25%, so earnings growth has run well ahead of the share price recently.
- With a market cap of about ₹97,648 crore, the company is a large-cap FMCG name, which usually brings brand scale, distribution reach and good liquidity.
- A P/E of 59.4x is a premium valuation that already assumes growth will stay high, so any earnings miss leaves little room for error.
- ROE has been low: 7.52% over 3 years, 7% over 5 years and 7% over 10 years. That is weak for an FMCG company and suggests the capital base earns modest returns.
- A P/B of 4.48x looks expensive against an ROE of only about 7-8%. The market is paying a lot for each rupee of book value relative to the returns that book value earns.
- 5-year compounded sales growth of 11.8% is modest compared with the valuation multiple, and has been flagged as a weak spot.
- The stock has returned only 4% CAGR over both 3 and 5 years, far below its 10-year CAGR of 21%, so shareholder returns have slowed sharply in recent years.
- The share price fell 12% over the past year, which suggests the market doubts that current growth can last or that the valuation is justified.
- Profit growth of 13% over 3 years and 12% over 5 years is only in line with sales growth, so margins have not expanded much over the medium term. The strong 25% TTM figure may partly be a one-off.
- A payout ratio of 64.1% leaves limited earnings to reinvest, and the dividend yield of 1.01% offers little support to the valuation at a P/E of 59.4x.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Back-to-back BSE block trades Sep 30
About 2,08,269 shares worth ₹20.12 crore were flagged on BSE near ₹966.00 per share. This came after an earlier ₹27.55 crore signal at ₹983.00. These are real-time alerts, not confirmed exchange deals.
- ₹15.27 crore NSE block trade Sep 29
About 158,869 shares changed hands on NSE at ₹961.10, totalling ₹15.27 crore. Buyer, seller and broker identities are not known.
- ₹21.58 crore NSE block trade Sep 18
About 2,13,549 shares traded on NSE at ₹1,010.50, totalling ₹21.58 crore. It's an unconfirmed trade-scanner signal, and any party details would come from the exchange after market close.
TL;DR: The only news flow is a set of unconfirmed large-trade signals worth ₹15–28 crore each, with no business developments behind them. The stock's prices in these trades fell about 4–5%, from ₹1,010.50 on Sep 18 to roughly ₹961–966 by Sep 29–30, so the near-term trend looks softer. That points to steady institutional repositioning rather than a clear buy or sell signal, since buyer and seller identities are unknown. The next direction will likely depend on Q2 FY26 results, mainly volume growth in tea and salt and margin trends in the growth businesses.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,741 | 3,734 | 3,804 | 3,927 | 4,352 | 4,214 | 4,444 | 4,608 | 4,779 | 4,966 | 5,112 | 5,434 | 5,349 |
| Expenses | 3,196 | 3,197 | 3,232 | 3,297 | 3,685 | 3,588 | 3,879 | 3,987 | 4,172 | 4,294 | 4,391 | 4,641 | 4,625 |
| Operating Profit | 545 | 537 | 572 | 630 | 667 | 626 | 565 | 621 | 607 | 672 | 721 | 792 | 724 |
| OPM % | 15% | 14% | 15% | 16% | 15% | 15% | 13% | 13% | 13% | 14% | 14% | 15% | 14% |
| Other Income | 53 | 75 | -32 | -177 | 22 | 19 | 45 | 102 | 41 | 38 | 10 | 55 | 72 |
| Interest | 26 | 28 | 33 | 43 | 94 | 99 | 58 | 40 | 34 | 33 | 32 | 38 | 39 |
| Depreciation | 82 | 94 | 86 | 116 | 148 | 149 | 150 | 153 | 149 | 153 | 159 | 165 | 165 |
| PBT | 489 | 491 | 422 | 294 | 448 | 397 | 402 | 530 | 465 | 523 | 540 | 644 | 592 |
| Tax % | 27% | 27% | 25% | 9% | 30% | 10% | 25% | 23% | 26% | 24% | 25% | 24% | 25% |
| Net Profit | 338 | 364 | 302 | 212 | 289 | 367 | 282 | 349 | 332 | 407 | 385 | 424 | 427 |
| EPS in Rs | 3.28 | 3.51 | 2.89 | 2.19 | 2.93 | 3.68 | 2.82 | 3.49 | 3.38 | 4.09 | 3.89 | 4.24 | 4.31 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7,993 | 6,637 | 6,780 | 6,815 | 7,252 | 9,637 | 11,602 | 12,425 | 13,783 | 15,206 | 17,618 | 20,290 | 20,860 |
| Expenses | 7,201 | 6,271 | 5,988 | 5,976 | 6,466 | 8,345 | 10,058 | 10,707 | 11,927 | 12,922 | 15,139 | 17,499 | 17,951 |
| Operating Profit | 792 | 366 | 791 | 839 | 786 | 1,292 | 1,544 | 1,719 | 1,856 | 2,284 | 2,479 | 2,792 | 2,909 |
| OPM % | 10% | 6% | 12% | 12% | 11% | 13% | 13% | 14% | 13% | 15% | 14% | 14% | 14% |
| Other Income | -77 | 38 | 88 | 73 | 124 | -163 | 91 | 88 | 328 | -81 | 188 | 145 | 175 |
| Interest | 82 | 117 | 92 | 43 | 52 | 78 | 69 | 73 | 87 | 130 | 290 | 137 | 142 |
| Depreciation | 133 | 117 | 126 | 116 | 123 | 242 | 255 | 278 | 304 | 377 | 601 | 627 | 643 |
| PBT | 500 | 170 | 662 | 753 | 735 | 809 | 1,311 | 1,456 | 1,794 | 1,696 | 1,777 | 2,173 | 2,300 |
| Tax % | 43% | 118% | 30% | 25% | 36% | 34% | 24% | 26% | 25% | 23% | 22% | 25% | — |
| Net Profit | 273 | -37 | 455 | 556 | 457 | 460 | 930 | 1,015 | 1,320 | 1,215 | 1,287 | 1,547 | 1,642 |
| EPS in Rs | 3.86 | -0.08 | 5.94 | 7.56 | 6.23 | 4.8 | 8.95 | 9.78 | 12.48 | 11.63 | 12.92 | 15.59 | 16.53 |
| Div. Payout % | 6% | -2572% | 38% | 30% | 39% | 54% | 44% | 60% | 65% | 64% | 64% | 64% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 62 | 63 | 63 | 63 | 63 | 92 | 92 | 92 | 93 | 95 | 99 | 99 |
| Reserves | 5,431 | 6,184 | 6,202 | 6,968 | 7,269 | 13,723 | 14,442 | 15,050 | 16,184 | 15,962 | 19,902 | 21,689 |
| Borrowings | 1,324 | 1,354 | 787 | 1,068 | 1,141 | 1,586 | 1,634 | 1,412 | 1,600 | 3,477 | 2,393 | 2,820 |
| Other Liabilities | 2,641 | 2,294 | 2,499 | 2,362 | 2,408 | 3,072 | 4,050 | 4,521 | 4,886 | 8,345 | 9,437 | 9,672 |
| Total Liabilities | 9,458 | 9,895 | 9,551 | 10,461 | 10,881 | 18,473 | 20,218 | 21,075 | 22,762 | 27,879 | 31,831 | 34,279 |
| Fixed Assets | 4,922 | 4,662 | 4,573 | 4,798 | 4,913 | 11,656 | 12,023 | 12,599 | 13,070 | 19,358 | 21,477 | 22,019 |
| CWIP | 47 | 39 | 63 | 135 | 424 | 95 | 113 | 247 | 295 | 190 | 218 | 481 |
| Investments | 622 | 1,366 | 1,451 | 1,161 | 1,188 | 1,323 | 806 | 797 | 1,433 | 871 | 969 | 1,443 |
| Other Assets | 3,867 | 3,828 | 3,465 | 4,366 | 4,355 | 5,399 | 7,276 | 7,431 | 7,965 | 7,461 | 9,167 | 10,336 |
| Total Assets | 9,458 | 9,895 | 9,551 | 10,461 | 10,881 | 18,473 | 20,218 | 21,075 | 22,762 | 27,879 | 31,831 | 34,279 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 418 | 116 | 741 | 356 | 210 | 1,082 | 1,656 | 1,516 | 1,461 | 1,937 | 2,057 | 2,422 |
| Investing | -207 | 145 | 145 | -31 | 53 | -622 | -346 | -1,317 | -834 | -1,911 | -2,303 | -1,311 |
| Financing | -392 | -282 | -816 | -30 | -224 | -308 | -426 | -995 | -714 | 256 | 453 | -1,075 |
| Net Cash Flow | -182 | -21 | 70 | 294 | 39 | 152 | 884 | -796 | -87 | 281 | 206 | 35 |
| Free Cash Flow | 239 | -30 | 609 | 6 | -47 | 931 | 1,477 | 1,270 | 1,321 | 1,626 | 1,643 | 2,016 |
| CFO/OP | 74 | 96 | 120 | 78 | 48 | 94 | 114 | 102 | 100 | 102 | 102 | 107 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 28 | 33 | 32 | 35 | 34 | 35 | 24 | 25 | 21 | 22 | 18 | 21 |
| Inventory Days | 176 | 164 | 168 | 143 | 146 | 115 | 132 | 132 | 144 | 140 | 152 | 125 |
| Days Payable | 82 | 68 | 85 | 70 | 61 | 64 | 95 | 111 | 125 | 136 | 148 | 138 |
| Cash Conversion Cycle | 122 | 128 | 114 | 108 | 120 | 87 | 61 | 45 | 40 | 25 | 22 | 8 |
| Working Capital Days | 58 | 64 | 55 | 59 | 72 | 47 | 18 | 34 | 22 | -35 | 0 | -10 |
| ROCE % | 9% | 4% | 9% | 9% | 8% | 9% | 8% | 9% | 9% | 11% | 9% | 9% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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66 extracted metrics + investor summaries across FY09–FY27.
Documents
Frequently Asked Questions about Tata Consumer Products
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Company Information
Tata Consumer Products Ltd. is part of Tata Group and is engaged in the food & beverages segment globally.[1]
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