“We achieved good revenue growth of 10% in FY2024, but more importantly EBITDA growth of 24% and a significant increase in EBITDA margin,” says Sunil D'Souza, Managing Director and CEO of Tata Consumer.
In the January-March period of the current financial year (Q4FY24), consolidated operating revenue grew 9% year-on-year to ₹3,927 crore, with strong performance in India business which grew 10%. The company's PAT fell 23% to ₹268 crore as against ₹346 crore in Q4FY23. However, EBITDA rose 22% year-on-year to ₹631 crore, while the margin increased to 12% in the corresponding period of the year improved to 13.1% in the last financial year.
During the year, the company recorded growth in the Indian tea and salt business. “In FY2024, the premium and sub-premium segments outperformed the overall business and accounted for over two-thirds of India Tea's revenue. The Gold, Premium and Tetley Green franchises delivered strong results,” it said in its earnings report.
According to the company, the premiumization agenda continues to progress well, with the premium portfolio in both tea and salt registering good growth and contributing to a growing share of the overall portfolio. “Our growth companies (Tata Sampann, RTD, Tata Soulfull, Tata SmartFoodz) continued their strong growth trajectory with 40% revenue growth in FY24.
