Financials Tata Consumer Products Limited

Equities

TATACONSUM

INE192A01025

Food Processing

End-of-day quote NSE India S.E. Other stock markets 08/07/2025			5-day change	1st Jan Change
1,099.90 ^INR	-0.18%		+0.09%	+20.25%

30/06	Indian Markets Slip on Monday After Four-Day Rally as Profit-Taking Hits Financials	MT
27/06	Indian Markets End Higher on Friday as Financials, Metals Lead Gains	MT

Projected Income Statement: Tata Consumer Products Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	1,16,020	1,24,254	1,37,832	1,52,058	1,76,183	1,95,652	2,16,518	2,37,607
Change	-	7.1%	10.93%	10.32%	15.87%	11.05%	10.66%	9.74%
EBITDA ¹	15,438	17,188	18,565	22,841	24,794	29,040	33,708	37,819
Change	-	11.34%	8.01%	23.03%	8.55%	17.13%	16.07%	12.19%
EBIT ¹	12,890	14,408	15,524	19,070	18,786	23,175	27,276	31,188
Change	-	11.77%	7.75%	22.84%	-1.49%	23.36%	17.7%	14.34%
Interest Paid ¹	-686.9	-727.8	-871.6	-1,298	-2,902	-1,390	-1,203	-1,304
Earnings before Tax (EBT) ¹	13,111	14,560	17,936	16,957	17,766	23,745	28,525	33,508
Change	-	11.05%	23.18%	-5.46%	4.77%	33.66%	20.13%	17.47%
Net income ¹	8,567	9,358	12,038	11,503	12,785	17,271	21,009	24,767
Change	-	9.23%	28.64%	-4.44%	11.14%	35.09%	21.65%	17.88%
Announcement Date	06/05/21	04/05/22	25/04/23	23/04/24	23/04/25	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4
Net sales ¹	27,139	27,813	30,696	30,372	30,085	30,331	32,084	31,754	33,268	33,630	34,746	36,187	37,412	37,338	38,039	39,269	43,521	42,144	44,436	46,082	48,037	46,078	47,680	49,997
Change	-	2.48%	10.36%	-1.05%	-0.95%	0.82%	5.78%	-1.03%	4.77%	1.09%	3.32%	4.15%	3.38%	-0.2%	1.88%	3.23%	10.83%	-3.16%	5.44%	3.71%	4.24%	-4.08%	3.48%	4.86%
EBITDA ¹	4,826	3,996	3,613	3,002	3,995	4,133	4,617	4,443	4,573	4,338	4,537	5,117	5,450	5,371	5,724	6,296	6,674	6,263	5,647	6,210	6,306	6,182	6,407	7,022
Change	-	-17.21%	-9.57%	-16.92%	33.07%	3.46%	11.7%	-3.75%	2.92%	-5.13%	4.57%	12.79%	6.52%	-1.46%	6.57%	10%	6%	-6.16%	-9.83%	9.96%	1.55%	-1.97%	3.64%	9.6%
EBIT ¹	4,208	3,370	2,969	2,343	3,327	3,440	3,919	3,722	3,844	3,607	3,785	4,288	4,631	4,432	4,869	5,138	5,194	4,770	4,144	4,679	4,691	5,512	5,512	-
Change	-	-19.9%	-11.89%	-21.08%	41.98%	3.39%	13.92%	-5.01%	3.27%	-6.16%	4.93%	13.29%	7.99%	-4.3%	9.86%	5.54%	1.08%	-8.17%	-13.11%	12.9%	0.28%	17.5%	0%	-
Charge d'intérêts ¹	-172.8	-178.7	-180.9	-154.5	-204.3	-197.8	-161.6	-164.1	-162.7	-195.5	-236.8	-276.6	-262.3	-275.6	-331.9	-428.3	-936	-986.9	-579.2	-399.9	-400	-400	-1,242	-350
Earnings before Tax (EBT) ¹	4,995	3,215	2,922	1,979	3,364	3,475	3,876	3,846	3,795	4,817	4,823	4,501	4,894	4,909	4,217	2,937	4,478	3,971	4,019	5,297	4,835	4,797	5,057	5,727
Change	-	-35.64%	-9.1%	-32.27%	69.96%	3.32%	11.52%	-0.78%	-1.32%	26.93%	0.13%	-6.68%	8.75%	0.29%	-14.08%	-30.37%	52.51%	-11.34%	1.22%	31.79%	-8.72%	-0.79%	5.42%	13.25%
Net income ¹	3,276	2,571	2,182	539	1,852	2,680	2,650	2,175	2,555	3,280	3,518	2,686	3,166	3,382	2,789	2,166	2,903	3,644	2,789	3,448	3,449	3,634	3,582	3,689
Change	-	-21.52%	-15.13%	-75.29%	243.51%	44.77%	-1.12%	-17.92%	17.43%	28.38%	7.26%	-23.64%	17.87%	6.84%	-17.55%	-22.32%	34.02%	25.52%	-23.47%	23.66%	0.01%	5.37%	-1.43%	2.99%
Announcement Date	04/08/20	06/11/20	02/02/21	06/05/21	03/08/21	22/10/21	02/02/22	04/05/22	10/08/22	20/10/22	02/02/23	25/04/23	26/07/23	31/10/23	07/02/24	23/04/24	30/07/24	18/10/24	30/01/25	23/04/25	-	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2025 S1
Net sales ¹	85,665
Change	-
EBITDA ¹	12,937
Change	-
EBIT	-
Change	-
Charge d'intérêts	-
Earnings before Tax (EBT)	-
Change	-
Net income	-
Change	-
Announcement Date	18/10/24

¹INR in Million

Estimates

Forecast Balance Sheet: Tata Consumer Products Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-24,047	-13,859	-23,689	2,607	-8,773	-24,357	-38,254	-57,880
Change	-	42.37%	-70.93%	111.01%	-436.52%	-177.64%	-57.06%	-51.3%
Announcement Date	06/05/21	04/05/22	25/04/23	23/04/24	23/04/25	-	-	-

¹INR in Million

Estimates

Cash Flow Forecast: Tata Consumer Products Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	2,107	2,733	3,118	3,102	4,595	4,830	4,878	5,302
Change	-	29.74%	14.05%	-0.49%	48.13%	5.11%	0.98%	8.7%
Free Cash Flow (FCF) ¹	14,457	12,425	11,495	16,264	15,971	18,029	20,831	23,363
Change	-	-14.06%	-7.48%	41.49%	-1.8%	12.89%	15.54%	12.15%
Announcement Date	06/05/21	04/05/22	25/04/23	23/04/24	23/04/25	-	-	-

¹INR in Million

Estimates

Forecast Financial Ratios: Tata Consumer Products Limited

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	13.31%	13.83%	13.47%	15.02%	14.07%	14.84%	15.57%	15.92%
EBIT Margin (%)	11.11%	11.6%	11.26%	12.54%	10.66%	11.84%	12.6%	13.13%
EBT Margin (%)	11.3%	11.72%	13.01%	11.15%	10.08%	12.14%	13.17%	14.1%
Net margin (%)	7.38%	7.53%	8.73%	7.57%	7.26%	8.83%	9.7%	10.42%
FCF margin (%)	12.46%	10%	8.34%	10.7%	9.07%	9.22%	9.62%	9.83%
FCF / Net Income (%)	168.75%	132.77%	95.49%	141.39%	124.92%	104.39%	99.15%	94.33%
Profitability
ROA	-	4.77%	4.94%	4.53%	4.26%	5.36%	6.09%	6.86%
ROE	6.04%	6.65%	6.9%	7.12%	7.09%	8.45%	9.85%	10.78%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	0.11x	-	-	-	-
Debt / Free cash flow	-	-	-	0.16x	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.82%	2.2%	2.26%	2.04%	2.61%	2.47%	2.25%	2.23%
CAPEX / EBITDA (%)	13.65%	15.9%	16.79%	13.58%	18.53%	16.63%	14.47%	14.02%
CAPEX / FCF (%)	14.57%	22%	27.12%	19.07%	28.77%	26.79%	23.42%	22.69%
Items per share
Cash flow per share ¹	17.98	16.45	15.81	20.73	21.01	18.03	27.15	29.58
Change	-	-8.53%	-3.91%	31.17%	1.34%	-14.17%	50.55%	8.95%
Dividend per Share ¹	4.05	6.05	8.45	7.75	8.25	9.642	11.24	13.87
Change	-	49.38%	39.67%	-8.28%	6.45%	16.87%	16.57%	23.45%
Book Value Per Share ¹	157.7	164.3	176	168.5	202.1	214.3	220.7	240.5
Change	-	4.18%	7.15%	-4.28%	19.95%	6.02%	2.96%	8.98%
EPS ¹	9.3	10.15	13.02	12.32	13.06	17.59	21.23	25.31
Change	-	9.14%	28.28%	-5.38%	6.01%	34.66%	20.71%	19.22%
Nbr of stocks (in thousands)	9,21,552	9,21,553	9,28,536	9,52,835	9,89,499	9,89,534	9,89,534	9,89,534
Announcement Date	06/05/21	04/05/22	25/04/23	23/04/24	23/04/25	-	-	-