Tata Consumer Products (TCP) has reported a significant financial uplift for the first quarter of the fiscal year 2027, ending June. The company's net profit surged by 29% to Rs 427 crore, up from Rs 332 crore in the corresponding quarter of the previous fiscal year.
Revenue for the quarter also saw robust growth, climbing 12% to Rs 5,349 crore, compared to Rs 4,779 crore a year ago. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) rose by 19% to Rs 730 crore in Q1 FY27, against Rs 615 crore in Q1 FY26. These positive results were announced after market hours on Friday, July 24, 2026, on which day the company's stock experienced a 1.66% decline, closing at Rs 1,088.60.
International Operations Show Strong Performance
TCP's international business segment demonstrated strong performance, with overall growth of 16%, or 3% in constant currency terms. The US business contributed significantly, achieving 7% growth in constant currency. Conversely, the UK business saw a 2% decline in constant currency, primarily attributed to an intense summer season that led to a slowdown in the everyday black tea category.
Despite challenges in some segments, TCP's specialty brands, Teapigs and Good Earth, continued to expand their market share within the attractive Specialty and Fruit & Herbal segments in the UK. The Canadian business reported flat revenue, though it successfully improved its value share across both regular and specialty categories through strong execution.
Domestic Market and Innovation
In the Indian market, tea volumes grew by 2%, although revenue from the tea segment decreased by 4%. This revenue decline was a strategic move, as the benefits of lower tea costs were passed on to consumers. The salt business delivered strong results, with both revenue and volume growing by 7% during the quarter.
Innovation remains a key focus for Tata Consumer Products, with 14 new products launched during the quarter. The company indicated a robust innovation pipeline planned for the remainder of the year. Additionally, the Tata Starbucks joint venture continued its growth trajectory, reporting an 11% year-over-year revenue increase, supported by healthy same-store sales growth.