Various audio clips and background noise.
5 years ago, we hit the fast forward button and boldly forade into the FMCG game. From tea and salt to snacking, hydration, breakfast, and beyond, we became the new age FMCG face of the Tata Group. And this is our journey. 2020, the year of transformation. Tata global beverages evolved into Tata consumer products. Team at Salt, we acquired 100% of Nourish Co. and for better became our way forward. We scaled fast. Soulful joined the journey. Starbucks soared to new heights. We laid the groundwork, built a solid distribution base, started crafting a robust digital backbone, established a foundation strong enough to propel us into the future. We became a giant distribution engine. From hydration to health, we spotted white spaces and filled them right. With our innovation engine firing and more people embracing growth mindsets, we began shaping a future focused organization, one that inspires us to always aim for better sourcing, for better nutrition, for a better planet, for better communities. Smarter, faster, hungrier. We dug deeper into rural India, welcomed organic India and Chings into our growing family and reached 275 million households. 150 plus product launches in just 5 years. Our innovation to sales ratios surged to 5.2%. Growth businesses now contribute 28% of our India portfolio. And as the days roll by, we are taking the growth to the next level. Over the past 5 years, we've delivered consistent growth. Net revenue has expanded at a strong 13% CAGGR. Aida has grown steadily at 14% CAGGR and net profits have accelerated with an impressive 23% CAGGR. Meanwhile, our stock prices have scaled at a staggering pace. The journey has only just begun. Powered by empathy, integrity, agility, excellence, ownership. We are one dream, one unstoppable team. Tata consumer products for better.
From a region where behooeps echo with joy. Where nature freely walks and weaves with the mighty Brahmaputra and lush tea estates yield bold fullbodied leaves. Tati Premium brings you the finest Assam Chai. Expertly crafted for the authentic taste of your region.
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Ruskus tatulusk in India tea is more than just a beverage. It's an everyday ritual that energizes the nation. Tata tea agni a leading tea brand in the country stands for jo. This year, the brand set out to celebrate a powerful yet often overlooked embodiment of that energy, the homemakers. Every homemaker carries a fire that fuels every home. Yet, her efforts often go unrecognized. We launched a campaign to change that. With our television commercial, we saluted the indomitable spirit of every homemaker. It resonated deeply with homemakers. But we didn't stop there. to build meaningfulness by contextualizing the brand proposition. We needed to tell their unique stories at scale. But with millions of such stories, telling each one individually was impossible. So we took a different approach. We created an intuitive WhatsApp AI based tool that made honoring homemakers effortless. They say a picture can speak a thousand words. So we invited people to share a photo of a homemaker showcasing her fire within. Our advanced video intelligence AI trained to analyze the surroundings, actions being performed, and the facial expressions of the pictures pieced together visual cues and transformed it into a story, showcasing her as the hero of the Agni TV scene. With cinematic recreation of stories, we turned everyday moments of homemakers into heartfelt stories. For the first time, AI wasn't just processing data. It was recognizing resilience and turning unseen sacrifices into powerful stories. The results were spectacular as the campaign sparked a cultural shift where every homemaker's untold story of Josh was finally seen and celebrated. Oo woo. Be your goodness. Greatness. Woo. Be your goodness. God of greatness. Duclus. Be your goodness. Got greatness. Fore! Foreign! Foreign! for your number Ta ta. Tore.
Welcome aboard. And if there are any questions regarding our HR policy, Yes. Paternity leave policy question. Paternity leave a young man. I already have one sir. In fact, another one is on the way.
in Maxer paternity leave. So coffee regular coffeea. Coffee Tata Coffee Grand with added flavor locked crystals that lock in great taste and aroma. A coffee with a voice for the generation with a voice. Not just your regular coffee. influenc coffee grand with added flavor lock crystals that lock in great taste and aroma. A coffee with a voice for the generation with a voice. Not just your regular coffee.
Yeah. Meet my nephew. Hi. You're a goat, sir. I'm your goat fan.
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Excuse me.
Can I get a bottle of peas, please?
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Naturally sourced from the Himalayas. Himalayan peace in a bottle. A smile, a touch, and stolen glances. Want to say what's in my heart for you. I just want to freeze this moment and stare at you. Smiling touch and stolen glasses. Want to say what's in my heart for you. You're standing still. The world is moving and stare at you. Tata coffee ground. Now in cold coffee.
Water and wind have shaped these mountains. Every contour has a story. The Himalayas are much more than the mighty mountains. They can be found in the little things.
You know, September 9th is Himalaya end day. This time we collaborated with the artist from the Himalayas to bring forth its story of peace. and about five artists we have picked.
Okay.
All based in Himachan and they were talking about their experience of being here.
Everybody has their own interesting stories and so every cups has a story. You traced your home into this. It's so beautiful.
Sachin sir, great fan. Thank you.
Organic India Eight fancy organic. Heat. Heat.
Good morning shareholders. I'm Delna Stara, company secretary of Tata Consumer Products Limited. I welcome you all to the 63rd annual general meeting of your company. Even though most of you are familiar with the process for attending the virtual AGM, I would briefly take you through certain important points. All members who have joined this meeting by default are placed on mute mode by the host to avoid any disturbance arising from background noise and to ensure smooth and seamless conduct of this meeting. The live streaming of this meeting is being webcasted on NSDL website. During the Q&A session, chairman will announce the name of registered speaker shareholders who will be given an opportunity to speak one by one. To start speaking, the shareholders are requested to unmute themselves. Each speaker is requested to limit their speech to 3 minutes to allow shareholders to express their views. In case any technical difficulties, you are requested to refer to the helpline number mentioned in the notice of this meeting. I would like to now briefly take you through the e voting process. The company's act and sebi regulations provide for electronic voting. Accordingly, the company has provided its members with the facility to cast their vote through the remote e- voting system administered by NSDL. The remote e- voting period was open from June 6 at 9:00 a.m. till June 9 at 5:00 p.m. India time. For members attending this meeting who have not yet voted, the facility to vote during the meeting is also available which is active now. Members can visit the voting page of NSDL e- voting website and cast their vote and simultaneously attend the meeting. Since the meeting is conducted through audiovisisual means the resolution mentioned in the notice have already been put to vote through remote e voting. There will be no proposing and seconding of resolution. With this I would request the chairman sir to kindly take over the proceedings of the meeting. Over to you chairman sir.
Good morning shareholders. It is my pleasure to welcome you all to the 63rd annual general meeting of the Tata Consumer Product Limited. I thank all the members who have joined this meeting today. The ministry of corporate affairs through its general circulars has permitted the holding of the AGM through video conference and other audiovisisual means. Hence in compliance with the directions of the ministry of corporate affairs and as per the SEBI listing regulations this AGM is being conducted through audiovisisual means the live streaming of this meeting is also being webcast on NSDL's website. The company has taken the requisite steps to enable members to participate and vote on the items being considered in this AGM. As the requisite quorum is present, I am calling this meeting to order. Now I would like to request all our board members who have joined this meeting through video conference to introduce themselves. As I call their names, I request the directors to greet the shareholders. Shika Sharma.
Um good morning shareholders. Welcome to all of you. I'm Shikhas Sharma. I'm an independent director on Tata consumer. I'm the chair of the nomination and governance committee and a member of the audit and risk committees. I'm joining this meeting on VC from Amedabad.
Good morning and namaskar shareholders. Thank you chair. I am KP Krishnan, independent director of the company. I chair the audit committee and the stakeholders relationship committee and I'm also a member of the corporate social responsibility and sustainability committee. I am joining this meeting through video conferencing facility from Kerala. Thank you
Mr. Baratpuri. You are on mute Barat.
Sorry. Good morning and welcome shareholders. I am Bhat Puri, independent director of the company. I'm chairman of the risk management committee and a member of the audit and nomination and remuneration committees. I'm joining this video conference from Portugal.
Good morning shareholders. I am David Green, independent director of the company and chairman of the corporate and social responsibility and sustainability committees. I am also a member of the audit committee and risk management committees of the company. I am joining this meeting through VC from London.
During the year, Mr. PB Balaji ceased to be the director of the company. I would like to express my deep appreciation for the valuable contributions that he made during his tenure as the non-executive director on the board and wish him continued success in his future endeavors. Along with me present here are Sunil Desa managing director and CEO Ajit Krishna Kumar executive director and chief operating officer Ashish Goena group CFO and Delna Sarda company secretary Mr. Shivakumar chief financial of the company has also joined this meeting through audiovisisual means from the corporate office in Bangaluru the statuto auditors Mr. MKkesh Jane and the secretarial auditor Dr. Dr. Aim Kumar Chhatapaday have joined this meeting online from Mumbai and Kolkata resp respectively. Additionally, the members of the senior leadership team of the company have also joined this meeting virtually from the respective locations. The company has received letters along with the board resolutions from 32 corporate shareholders appointing and authorizing representatives under section 113 of the company's act 2013. These representatives represent 33 crores 89 lakhs 33,130 shares totaling to 34.24% of the paid up equity share capital of the company. As there is no physical attendance of members the requirement of appointing proxies is not applicable. The registers as mandated by the companies act 2013 and the documents specified in the AGM notice are available for instruction since the notice convening this meeting is already circulated to the members. I take the same as read. Since the strategy auditors have not made any observations, qualification, disclaimer or comment in the report regarding the financial transactions or matters adversely affecting the functioning of the company. There is no need to read the auditor's report. With that I would like to make some comments about the broad uh macro scenario and also the performance of the company and what the future holds for us. The year began with the positive developments including the signing of the landmark EU trade agreement and the interim India US trade deal. However, by early March, the start of the West Asia crisis brought a lot of concerns about stagation, falling output, and coupled with rising inflation. The world today is being re reshaped by geopolitical shifts, supply chain disruptions and realignments, energy transition and rapid advancements in AI. In this environment, businesses have been prioritizing resilience and business continuity. productivity and trustbased decisions than mere efficiency. In this backdrop, we are fortunate that India remains bright spot in the world and continues to be the fastest growing major economy primarily led by demographic strength, expanding physical and digital infrastructure, significant growth due to consumption and rising aspirations of the population. It continues to offer a strong growth and a very large market. Indian consumers and their consumption patterns are constantly evolving. Lifestyles are changing. New retail formats are emerging are emerging. Digital commerce and particularly quick commerce is changing the way the consumers consume, eat, drink and shop. This presents a significant opportunity for companies who can combine consumer first thinking, innovation, execution, excellence and enjoy a trusted brand. Tata consumer products is extremely well positioned in this scenario.
Specifically coming to the year 2026 the consolidated revenues in rupee terms grow 15% to 20,290 cr and the constant currency growth was around 12%. The growth was pretty broad-based across India, international as well as non-branded businesses and the growth came through both organic mechanisms and also through the acquisitions that we had made. The Aida grew at 12% to rupees 2815 crores and the group net profit grew 20% to,547 crores. The board has recommended a dividend of rupees 10 per share reflecting our confidence in the company's g cash cash generation and long-term outlook. approximately 60% of our profits. Tata Consumer has completed its evolution from being a tea and coffee company to tea, salt and a multicategory FMCG company offering a wide range of beverages and food products. The company has created a very strong foundation encompassing distribution, innovation, digital capabilities and brands. The company touches 290 million households across the country. The company is now leveraging this platform with its diverse mix of heritage and new age brands to tape into wide range of demand and consumption occasions. The core businesses of tea and salt continue to provide stability and scale while the growth businesses continue to build the momentum. Categories such as packaged foods, pantry staples, and ready to drink beverages continue to grow. The growth businesses now account for 30% of the India portfolio, up from the 26% last year. New sales channels led by the rapid expansion of quickcommerce continue to outpace the traditional retail with the new channels now contributing over 35% of our India business. At the same time, the traditional retail remains the backbone to our goto market efforts. Tata consumer has driven growth both organically and through acquisitions. Organic growth is visible in the success of our new launches including products like dry fruits and coldress oil. The integration of recent acquisitions such as capital foods and organic India has significantly expanded our total addressable market. While the organic India has been growing, capital foods are the initial years and is expected to grow significantly to give us a strong presence in that segment. Tata consumer is focusing on digital transformation by embedding a lot of digital cap capabilities across all the functions and the value chain of the company. Company is also investing to leverage AI both in product development cycles as well as in forecasting and predicting consumer trends and marketing and optimizing the overall operations. TCPL is also committed to building a business that is not only profitable but is responsible and future ready. The sustainability roadmap is aligned with the Tata Group's overall vision under the projecting and spans all areas of the company including responsible sourcing, resource efficiency and nutrition enhancement. In closing, I would like to thank all our shareholders for your continued faith and trust in the company. The journey ahead is one of ambition, responsibility, and purpose, and I'm confident that your company is extremely well placed to deliver an enduring value in the times to come. With those words, now I would request Sunil Desa to make a presentation on the performance of the company.
Thank you sir. So as the chairman mentioned uh we are an integrated food and beverage company with the Tata heritage aspiring for a larger share of the FMCG world. We crossed 20,300 crores consolidated revenue uh in FI26 with a market cap of approximately uh 100,000 crores. We're now among the top 10 FMCG companies in India, number two branded T player globally, a reach as chairman mentioned of 290 million households and we distribute to roughly around 4.5 million retail outlets employing north of 11,000 employees worldwide. uh in terms of financial performance our consolidated revenue was up 15%. The India business grew 14 and the growth businesses which we classify as sen capital foods organic India soulful and ready to drink were up by 24%. Our international businesses also uh delivered strong growth at 16. Non-branded business was up 25. Consolidated EIDA was up 12 with margins of 13.9%. And group net profit was up 20%. We were focused on cash and free cash flow to Aida was 107% and as the chairman mentioned the proposed dividend is rupees 10 per share. In terms of business segments, uh India beverages was north of 6,000 crores growing 8% at 6467 crores. India Foods became our largest segment at 6,588 crores growing 18% last year. International almost touched 5,000 crores at 48685 uh with constant currency growth of 9%. Non-branded had a strong year at 2387 crores growing 23%. Overall 20,290 crores uh growing uh constant currency at 13 and reported at 15%. Revenue up 15%. Aida up 12. Profit before tax was up by 23% at 2,193 crores. Group net profit up 24% at 1552 crores. And we're sitting with roughly 2,978 crores of cash. Our EPS at group level was 15.6. Uh but if you adjust it for the amotization that we do for capital foods and organic India, we're at 17.3. uh in terms of results uh for FY26 the India business group 14 and if you look at CAGR from when TCPL was founded in 2020 we're up by 16%. Uh international FI26 was up 16 and if you look at CAGR was up 7. Consolidated revenue FI26 was up 15 and our CAGR is 13. Consolidated AITA FY26 was 12 uh CAGR is 14 and group net profit FY26 was up 20 CGR of 22%. Uh in terms of efficiencies uh we actually use less working capital today than when we started 6 years back. Our working capital is at 21 days. The India business is at a -2. Adjusted EPS as I mentioned is up to 17.3 from five which we started six years back. Free cash flow is higher than a bida at 107% and we've delivered steady increasing dividends. Uh market cap from where we started is roughly four times uh from uh start uh roughly at end of May we were 1.17 lakh crores up from 33,800 crores uh in May 2020. Uh our strategic priorities remain uh constant. We're strengthening and uh our core and accelerating growth businesses, building on new opportunities, driving execution excellence every day, creating a future ready organization, driving digital and innovation and embedding sustainability. Uh we are putting our money where our mouth is. We are a brand company. Our&p to sales was 6.7% last year. uh growth businesses contributed 31% and they're continuously increasing in in contribution. Uh our growth for the growth businesses last year was 24%. Uh we have relayed our entire distribution system by February of 2026 to provide more focus to our growth businesses especially in tea and salt dominant markets. So we have one model which is salt and non-salt in 21 cities where salt is dominant where salt plus tea is dominant. We've got 64 cities where we've separated tea and salt which we call core and growth distributors. And the third model is common distributors in seven cities. Uh we are focused on uh embracing the channels of the future as the consumer shifts and we are creating new channels. Modern trade contributes to 15% of our business and has grown at 20% last year. E-commerce and quickcommerce contributes 19% of our business and grew at 62%. In addition, we've created three new channels over the last two years. Food services, we exited at an ARR of 170 crores in Q4. uh vending tea and coffee vending uh we exited at 100 crores and the pharma channel we exited at 30 crores of ARR. We focused on innovation. Our innovation revenue is up 7x and we are almost best-in-class at a 4.5% innovation to sales ratio for the last two years. We've launched 80 products last year doubling our run rate from FY25. Our all our innovation is focused on three big uh pillars health and wellness, convenience and premiumization. We are focused on sustainability as chairman mentioned with project alingana as the bedrock. We featured in the S&P global sustainability yearbook for the second consecutive year with a corporate sustainability assessment score of 73 out of 100. uh we were ranked among the top three companies by BW Business World in India's 60 most sustainable uh companies for the second consecutive year. In terms of business performance, India package beverages volume was up three, revenue was up six and our coffee revenues grew 43%, the India package beverage business crossed 5,000 crores uh revenue milestone. India foods volume up 12 revenue up 18. It became the largest business segment. Salt grew by 14% led by double-digit volume growth and cross 4,000 crores in revenue. Sen grew 46% led by strong execution and new product development. Our ready to drink business grew 20% volume, 10% revenue and almost touched,000 crores. Tata Copper Plus continued to scale with 26% growth. Capital Foods and Organic India combined grew 12%. Uh Capital Foods was 839 crores. Organic India 478. Combined gross margin was at 48. Significantly accative to our base India business. Our non-branded business soluble's revenue was up 29%. Plantations grew 10% and therefore total revenue was 23%. Profitability for the business continues to remain in a healthy sustainable range. uh Starbucks now we are present in 80 cities 502 stores we opened 23 new stores during the year we delivered a 7% revenue growth with double digit AIDA and same store sales growth was positive now for FY26 in international we grew 9% in constant currency reported was 16% in the US 8:00 has now gained share for six consecutive quarters in the UK Market share in our focus fruit and herbal category is now about 10%. And in Canada, Tetley was the fastest growing major brand in herbal tea. That brings me to the end of my presentation.
Thank you, Sil. Now I would like to move to the next section and invite all the shareholders who have registered to offer their comments in this AGM. Totally there are 57 shareholders who have registered to speak today. So I would request each shareholder to be very brief and also not repeat anything that has already been said. Thank you and let me start with Arun Kumar Bopana.
Hello. Yes Arun. Good morning sir. Thanks to Delas and team for news VC. Sir, you're a marathon runner. With advancing age there's always receding hairline and expanding waistlines but in your case the fan base of sharehold is increasing. Yesterday we had 44 in DCS and today we have 57 speakers. So I'm going to be brief and spare you of all the ordeal of four hours as in the now it's the woka world or the Trump world TCP has done well. Sunil and Ajit and team in the storm they put up the strongest sale and saw that TCPL of Tata should never fail because the greatest companies do not simply grow they shape the future and set set their flow. So I sent the questions but I'll ask only few questions now. So what is the value addition for shareholders with acquisition of capital foods and organic India? How much of recent growth came from price increases versus actual volume growth? Are we setting industry standards or following established leaders? Can we become India's top three FMG company in the future? And how do we how are we building direct to customer ecosystem? How concerned is management about rising competition from quick commerce driven private labels and against the fast growing regional food brands that are steadily gaining market share day by day? Could TCP eventually consider separating the bureauages and food business in future to unlock shareholder value? So with this I wish you all the best sir. I hope my other share also follow my time and reduce their speeches. Thank you very much. I'm in Bang.
Thank you Mr. Bishwendra Kundu.
Hello. Yes. Hello. I can hear you. Yes, I can hear you. Okay. Thank you. Sir, your voice is not audible. You are breaking sir. Your voice is not audible. Hello. Uh your voice is not audible. Mr. Kundu mean now it is okay. Yes. Hello. Yes. Please continue. Please continue sir. Please. Please. Hello. Yeah, please continue. After the report and account okay for the report and account the company has sir the user has dropped out of the meeting.
Namaskar and a very good morning chairman sir and board of members. I am Vinita Hunani from Hyderabad, a proud shareholder of the company and a member of Millennium Ma'ams. Firstly, I want to congratulate the management for saving 267 tons of plastic through innovative reuse and optimization in Tata Salt. My first question is with the company generating strong free cash flows and sitting on a healthy net cash position of 300 crores. How do you see the company growing organically or inorganically? Will the company address the gaps in the growth areas or it is open to other new areas of acquisition? My second question is the latest GLP1 program to manage weight and diabetes opens an estimated 2.5 lakh cr market opportunity. How is our company planning to address it? Thank you.
I am audable sir. Yes, you are. Thank you. Thank you, sir. Good morning to everyone. Respected chairman, esteemed board members and fellow shareholders. Myself Manos Benerji joining this virtual ATM from Kolkata. First, I congratulate the management for a robust financially at 2026 performance 15% growth in revenue from operation and consolidated net profit of 20%. I also thanks the board for recommending a final dividend of rupees 10 per equity share up 21% from the previous year. Sir, I have three points for your kind consideration. Number one, sir Tata Starback scaled aggressively in the prior years. What are the current store count targets for FY2027 and how is profitability trending across tire two entire three cities. My second point said our company is doing amongst the best performing companies on quickcommerce and e-commerce platform. So what has really worked well and has allowed you to outperform even compared to GT where you have had longstanding relationship and my final points said do you think that your products portfolio is now more or less complete and you would focus more on driving sales in the existing products or would you plan to expand it further? that before I conclude I extend my gratitude for the exceptional support provided by our respected company secretary Madame Delas Talaherta and our full team including Mr. Orgo Chhattaraji and Mr. Ship Shank Roy from Kolkata office for their excellent investor services and dedication. I thank you for your patient hearing and wish the company continued success under your leadership. Thank you sir.
Namaste and greetings of today to respected chairman all the board members and stakeholders of my company. It is indeed a pleasure to attend this meeting. My name is Dr. Daro Jamada residing in Surat. RTS congratulations to all the stakeholders for such a robust performance year on year. Certain questions which I would request you to address our respected chairman. First this year, innovation remained our paramount growth driver contributing to almost 4.5% of the sales. Also, we have launched 80 products across value added and wellness and convenience category. How future uh ready do you believe our product portfolio is especially when the lifestyle of people is drastically changing with focus on less sugar contents, no palm oil and much more. Additionally, what would be an ideal ratio of R&D in the overall capex if it would be increasing? How how much tailwind can it provide to our margins? Second, there are several headwinds currently locally as well as globally. Some of them highlights out are El Nino prevailing this year, fear of economy entering into higher interest rate cycle, rise of inflationary pressure, volatile crude oil prices and much more. Can you kindly enumerate amongst our wide product ranges which of the one is highest and which one of the uh which one of them is the lowest prone to such headwinds? Supposedly after fully pricing in all the negatives what is the lowest as well as maximum volume growth band for this categories for the coming year. Third, we have a significant export markets currently and individually its contribution is significantly going to increase on topline as well as bottom line with a significant current uh currency depreciation in the background. What are your projections for this market especially when the world believes the southern globe especially Africa and Southeast Asia will be driving the next leg of growth. Additionally, our nation has successfully made FDA packs with several developed nations like EU, EU nations, UK, Australia and New Zealand and some of them are in progress as well. So, how incrementally are we going to tap the uh the existing and explore untapped markets in the future. Fourth, with respect to Starbucks, we have added 23 net new stores in the last quarter with the total stores to 502. One of the key turnaround was that the same s uh same store sales growth turned positive for the full year. So what are your views will will we see the trend to continue likewise and what are the major headwinds in this particular segment as well. Fifth are margins of significant uptick in some of the segments due to lower tea prices in particular and in uh and even lower cost of inventory. So we raised our ad spense from 6.5% to 7.5% of the total sales. But now dynamics have been changed. One of the major headwinds is rising crude oil prices. So now in order to maintain such a uh uptick in margins, what range of price do on average do we need to undertake to maintain this trend of rising and higher margins trajectory? Lastly, from a broader point of view, our companies trying to delever our image from just a tea brand and with a strong runaway from uh uh with many uh mergers and acquisition that we did like organic Indian capital foods. How strong and big are brand Tata Sam shall be in the coming years? Thank you sir for providing this opportunity.
am I audible sir? Yes. Thank you. Good morning everyone respected chairman sir members of the board and fellow shareholder. I am Shuhashkar joining from Kolkata. First of all sir, I would like to extend my heartfelt congratulations to you and the entire management team on achieving the significant milestone of crossing rupees 20,000 cr in revenue. Your effort have truly paid off as reflected in the excellent dividend payout,000% and the uh strong CSR framework. Chairman sir your uh speech was outstanding and provided valuable insighted about our company. Sir I have strongly support all the regulations through remote demoting sir I have a few question uh firstly sir uh aa margin declined to uh 13.9% despite strong revenue growth what is the mediumterm uh uh mediumterm margin outlook and can India both offset uh pressure from international and non-branded business. Secondly, sir, uh the US coffee business has crossed rupees 2,000 cr in revenue. What is the long-term vision for the international business and do you expect it to become a large larger contribute to the group's uh profitability over the next three to five years? Uh sir, lastly sir, does our company have any plan to single West with Bengal? Uh now that a new industry friendly uh double engine government has come to power with the slogan by out Barosa in would the company consider taking step to fulfill the development ambition of the uh people of West Bengal by establishing a large scale heavy industry project in the sing. Lastly, I finish I I would like to express my sincere gratitude to the highly experienced aial investorfriendly company secretary Madame Harda and the entire investor services team for their excellent service. I would especially like thank you for um sending the hard copy of the annual report well in advance and for maintaining regular communication with us. That's all from my side. Thank you sir for the opportunity to speak. Namaskar.
Good morning chairman sir and members of the board. I'm Monu Jin from Surat, a proud shareholder of the company and a member of Millennium Man. My question is last year we saw meaningful improvement in Tata Starbucks performance and crossed a key store milestone. Was the board view on the path to profitability for the joint venture from here? And my second question, how do we see the El Nino affecting our core tea and coffee production and the other agro commodities for the growth business? How is the company prepared to handle it? Thank you.
am I audible? Yes ma'am. Very good morning respected chairman, board members and fellow shareholders. Myself, Lily Pradhan, a long-standing shareholder from Kolkata attending this meeting through video conferencing. First of all, I sincerely thanks the board of directors, respected chairman, respected MD, respected CFO, respected secretary with secretarial team and also respected moderator. Please continue VC more in future for worldwide participation. I admire secretary's coordination. Delas ma'am very good appreciative personalized human beings at Kolkata ship shankorad overall very good investor services for shareholders communication. Chairman sir, I am genuinely proud of your polite, decent, hardworking, patienceful nature and humble leadership which inspire great confidence among shareholder. I am hopeful that under your able guidance our company will continue to achieve greater and greater success in coming year. I received email of innotes oil in advance and also hard copy of annual report which cover page is very knowledgeable and meaningful and balance sheet also transparent congratulation on my company strong and sustainable growth credit rating of the company is very good company's export is increasing which is very good now I have put some specific question and request In present situation are there plan to invest in expanding the business on all over the world as a international level? What will be the expected return on such investment? What is the timeline? What strategies does management have to scale revenue materially? Next, what has been the trend in operating margins before other income over recent quarters? What are the key risks that could affect a performance and what mitigation strategies are in place? Nothing more. As a woman speaker always request, always support women empowerment which is most important and must be obeying by trusting for dignity and respect. Nothing more. Thank you. Thank you so much with warm regards and best wishes. All the best.
Hello. Am I loud and clear? Yes, thank you for having me and really thank you for giving this opportunity and please continue having the meetings on a online platform. It's uh very helpful for investors like us joining from overseas. Uh I just had a couple of brief questions. Uh I think someone mentioned about expected uh growth from premierization and uh volume expansion. So uh if you would give an overview on that and uh my second would be uh since the dividend this time has been very healthy uh I would like to ask uh how does the board prioritize between acquisitions, dividends, debt reduction and organic expansions. Um I think someone mentioned about uh opportunities in foreign markets. Uh please give us an overview on that too. And uh lastly uh what milestones should the shareholders be watching over over the next uh 24 to 36 months? I think that will be all from my end. Thank you
Yes. Very good morning chairman MD board of directors and key managers and CFO. Myself Jadiv Bakshi connecting from the city of Kolkata. First of all, I convey my thanks to our company secretary Dennis Harda ma'am foring good investor friendly relations with the shareholders and presenting a detailed annual report and also thanks to our Kolkata office Mr. Shanks Shankar Ray and Mr. Orgo Chhattaj for helping out to sort out our queries whenever we reached out to them. Sir the initial speech along with MD serve was very much informative about our company appears and also our annual report which is presented rich with diversified products displayed in the pages and personally satisfied and uh as we love to consume our products. Congrats for the achievement of milestone of passing the 20,000 cr annual revenue mark and also for our growth and profitability. So how we plan to manage the headwinds from the volatile commodity cost our long-term growth target over the next 2 three years kindly share and especially for high margin uh categories like the Tata sen and ready to drink beverages. Uh what is the plans regarding Starbucks stores escalation program and how are we coping with the change in consumer through technical innovation and in introduction of higher value premium products. What is the percent of business generated for rapid expansion of quick comps? Kindly share. And the status of R&D facility at LNO for Ayurvedic formation. Kindly throw some light. And congrats once again for the reduced plastic uses by one uh 1,700 metric tons through innovative packing products uh processes and uh also continue with the promoting organic products as we also reaching out to the farmers and uh congrats for the CSR activities and also for the awards which we have received to the all people
Concerned and nothing to add more and continue with our growth story and increase our brand value which will help all with the help of all concerned and with the VC in future so that we can easily get connected. Thank you sir for the opportunity.
Good morning chairman and esteemed board members. I am Sha from Kolkata a proud shareholder of the company and a member of Indian banks. My question relates to the advertising strategy. As advertisements shift rapidly from traditional television to digital platforms, Tata consumer has also been adapting its marketing approach though fragmented. However, while the company has been very aggressive in launching new products and entering new categories, the visibility of its advertising campaign does not appear to be equally prominent across its core brands. Apart from campaigns featuring Ranir Singh of fortune secret and Sachin Tendulkar for organic India, we do not see many high visibility initiatives in the FMC sector. Sustained advertising and strong consumer recall are critical for market share gains and long-term growth. Please share some light on how does starter consumer plan to strengthen brand visibility and consumer engagement across its core portfolio in an increasingly digital first advertising environment. Secondly, in the beverages segment where competitors leverage superstars as brand ambassadors, what is Tata consumers strategy? Thank you and I wish the company continued success.
Okay. Honorable chairman sir our distinguished board members our honorable young charming and dynamic CS Denlasban and all my staff and shareholder family members. Ladies and gentlemen, a very good morning to you. I am Dh Wakil from Dream City of Mumbai. I am a shareholder of this company. When our certificate was there, the company's name was sometime Tat and Tata Finley also that I am a very old and proud shareholder of our company. At the outset, I thank a lot to our entire CS team headed by Delas Bank for sending me the annual report and all the relevant documents as per my request and the proper meeting link also and her entire secretarial team consisting of Supinder, Nikita and all. I'm very much thankful to them. Then chairman sir why online meeting? You should hold a hybrid meeting. See you all have assembled at a common venue, common class. So we can have a hybrid meeting and you should also convince some informal get together for better interaction and subsequent questions and informations. I need our contract copy with our ITA MUFG in time. Please give the bifurcation of how much they are charging for the rejection every time they are rejecting and how much they are charging for the processing. So the investors and shareholders say they were very happy when we were having the Tata central share department at army and navy building MG road for Palagora. Sir what about the buyback and bonus? Please focus some more light on it. It will definitely help our small shareholders in this difficult time. I wish all the best for the coming festivals to all in our company and to all my shareholder family members and that's all from me. I support all the resolution and I am very much with the company and the management. Ji Krishna to all Jindaral.
So this shareholder is not present in the meeting.
Tamil Majunar
Made sir. Morning tamal morning sir respected chandas Mr. D Suja Mr. Krishna Kumar Mr. K and other directors of the company myself Kamal Kwan Mazuman and equity shareholder from cook my special thanks to our company secretary Mrs. Da Zada and her team consists of Sitrankarai and others for maintaining cordial relationship with shareholders. She signed me a hard copy of annual report well in time so that I may do my homework. I have gone through the entire annual report of 5 n 59 pages and it subsidiaries have some queries and explanation replies from your end and seeking as usual seeking your indulgence because I may not be able to complete it within three per minutes. Sir company revenue achieved strong growth and cross 20,000 cr during financial year 26. What strategic initiatives will help the company to double its turnover within the next five six years and what is Amazon and our website's contribution to the total turnover? How does the company plan to respond to increasing competition from large FMCG players and new entrance in beverages and packaged foods? So segment result excluding finance cost other income exceptional items and other unlockables in page 477 showed nearly 50% increase in profit from Indian business whereas despite increase in revenue relating to international business and non-branded business profit in respect of these two segment decreased from 667 cr to 626 cr and from 407 cr to 280 cr respectively as per the management international business primarily driven by increasing coffee cost and the impact of US time. What is the present status now in this regard and what are the reason for abnormal decrease in profit in respect of non-branded business during the year? Sir hope 10% rupee slide against US dollar during financial year 26 was beneficial for our company. How soluble coffee business performed in MENA and APS-C geographies during financial year 26 and Q1 of financial year 27 and what is the management's revenue growth target for the next two years that is financial year 27 and 28 taking into account the current geopolitical situation? Sir I have noted that growth business account for around 31% of the Indian business during financial year 26. What proportion of total Indian revenue or the management expects over the next five years in this segment? TM salt volume growth during financial year at 26 was 3% and 10% expected. What is its impact on revenue and profitability during financial year 26 and what strategies are being adopted to protect and growth market share in tea and salt category during the coming years? Whether Tata sampan brands extension in the area of dry fruits, dates and others giving positive results. Contribution of Tata Senan brands in the profitability of the company during financial year 36 is to be disclosed. What is your expectation from the brand during the next couple of months? Sir, what are the key priorities for international expansion over the next three years? Sir, it is observed on the subsidiary accounts that capital foods private limited like previous year sold its entire domestic sales of rupees 790 cr to its parent Tata Consumer Products Limited. Whether export of rupees 149 cr also sold through the parent? What is the need to keep it a separate entity when its entire sale is through the parent? Please share your thoughts in this regard. How will the company further scale brands under capital foods and organic India? What is the key priorities to be followed by the company for the expansion of its international business during the next three years? Your thoughts may be please be shared with us in this regard. And sir, I have noted that Bangladesh unit is still bleeding and its accumulated loss is increasing despite increase in paid up capital from Bangladesh Taka 65 cr to 80 cr and it accumulated loss balance as on 30th June 25 stands at Bangladesh taka 96.63 cr. What is your thinking in respect of the saving whether it will become profitable in the coming months? It is also noted from page 182 that star T start box Limited cross 52 schools two very specific 502 stores with a revenue of 1367 cr. How many out of the above become profitable or at last or at least absorbed its total cost during the year? When does the management expects Tata Starbucks to make positive contribution to the consolidated profitability? Answer the management under other expenses in page 381 book 599.65 cr as management service fees during financial year 26. Would you please share details in the suspect? I have three other questions only. The management provided 32.53 cr as fair value loss of financial instruments and 21.064 cr as impairment of investment relating to amalgamated plantation private intent. It is in page 367 and 381. What is your current thinking about the company? Whether the management will carry forward the same investment of the same associate providing impairment charges during the coming years? Sir company launched 80 products new product during financial activities. What was its contribution to total sales and management expectation from these products during the next three years? And lastly the company has 19,154 cr as pre- reserve against equity of 98.98 cr which includes the a issue also and current issue also. With such a huge preol, what is the management's new thinking in this respect to benefit? Whether company has any proposal for buyback of share in the near future with such huge? Thank you all for patient hearing. Thank you chairman for giving me time to complete my speech.
Very well sir.
Yes. Very very good morning. I Krishna Shark joining from my residence Kolkata. Thanks to the chairman and MD for excellent and valuable presentation regarding performance of the company. Thanks to the company secretary and secretary department for sending annual report in advance and excellent investor service. Sir, now I come to the financial result. Revenue from operation increased by 15%. Profit after tax increased by 18 69%. Tata consumer product has maintained its steadiness both of its turnover and profitability in spite of several factors with geopolitical tension and uncertainty current slowdown economy. Sir I think most of the question already raised by the previous speakers. Sir my I have only one question. What are the capital expenditure for next two years? Thanks for patient hearing. Best wishes to all you chairman and all the employees. Over to you sir. Thank you very much. Namaste.
Yes sir. Okay. So, good morning and respected chairman sir, board of directors, fellow shareholders, all the stakeholders and the most valuable employees of the organization. My hearty congratulations on crossing the 20,000 cr revenue and being the number two branded player globally. So when I look at that there is an opportunity lying close to our hands to become a number one branded tea player globally in terms of forthcoming Olympics. So I expect that product should be the forthcoming official drink in the Olympics especially when India is hosting it. So maybe we can look at for some specific product of our soil. Now coming to the other point, I was just looking at another aspect how we are strategically capturing the massive on the transit consumer mindset. This question came to my mind witnessing a great footfall of 2.3 cr which is more than the population of so here this high visibility advertising at major railway hubs and to position our hydration quick energy and portable snacking portfolios such as Tata Plus, Tata Glucco and Tata Sulfill as a default choices for these traveling and to drive immediate impulse volumes. I also have one thought that very products you using the sentence the report first cup that recharge the morning. Few years back the Mr. Bean coffee was the first that recharges us specifically when we were now that bean is closed. So we are deprived of TCB and product. Now even with the closure of big basket operation we are very very much hit being not able to get product. So I request you to kindly look into it. Then one in my mind there are three products that is Tata low sodium salt, Tata copper and Tata life. These were probably launched with a spec addressing some specific needs like hypertension and all. How this affected the public? If it has been a positive impact, it will be a good CSR point to project in the future. Now I refer to page number 54 and 175 of annual report. In page 175 there was one column shifted because of that it says current year dividend is 8.5. So that may error have to look.
Yeah. That is nothing great but I thought it would be my duty to now page number 299. 29. This is of environment but the head is the workers providing training on human rights issues. So these two errors maybe some.
Sorry, I can't make out what you're trying to say.
