Tata Consumer Products Q3: India Business Drives Margin Growth, Foods Exceeds Expectations

• Tata Consumer Products reported a 36.3% increase in net profit to ₹384.5 crore, despite a one-time labor code impact.
• Revenue grew 15% to ₹5,112 crore, slightly surpassing analyst estimates.
• EBITDA rose 27.7% to ₹721.3 crore, with margins expanding by 140 basis points to 14.1%.
• The Foods business saw strong 19% revenue growth, led by Tata Salt (14%) and Tata Sampann (45%).
• India business margins expanded significantly by over 500 basis points to 12.5%, offsetting narrower international margins.

Why It Matters: Tata Consumer Products' Q3 results show strong profit and revenue growth, primarily driven by its India business and Foods segment.