Tata Consumer Q2 Results: Net profit at ₹359, revenue rises 11%, exceeds estimates

The company's India Packaged Beverages business reported a 5% rise in revenue, and 3% volume growth. The company witnessed a 17% year-on-year revenue jump in the coffee segment. During the quarter, the company introduced new products including Tata Coffee Quick filter decoction coffee, Tetley Premium black leaf tea, alongside other health and wellness beverages.

The Indian food business reported a 16% year-on-year rise in revenue and 6% growth in volume. The growth was driven by the company's value-added salt portfolio, expansion of the Tata Sampann brand, and the launch of a range of new products, including cold-pressed oils. Tata Consumer also expanded its distribution network and experienced growth in alternate channels like Modern Trade and E-commerce.

In the international markets, the company witnessed a 13% revenue growth during the July-September quarter.

Tata Starbucks recorded 14% jump in revenue for the period under review. Store expansion and product offerings were the driving factors behind the growth, according to the company. Tata Starbucks opened 22 new stores, bringing the total store count to 370 across 49 cities.