RNS Number : 4210Y
Tata Consumer Products Limited
12 May 2021
 

 

Tata Consumer Products Limited

(Formerly Tata Global Beverages Limited)

Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020

CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com

Consolidated Financial Results for the quarter and year ended March 31, 2021

  Rs. in Crores

Particulars

Three months ended

Year ended

March 31, 2021

December 31, 2020

March 31, 2020

March 31, 2021

March 31, 2020

Refer Note 6

Unaudited

Refer Note 6

Audited

 Revenue from Operations

3037.22

3069.56

2405.03

11602.03

9637.42

 Other Income

42.96

19.49

21.93

121.38

111.59

 Total Income

3080.18

3089.05

2426.96

11723.41

9749.01

 Cost of Materials Consumed

1322.93

1392.56

872.98

4937.45

3606.66

 Purchase of stock in trade

533.70

528.40

483.56

2114.40

1796.24

 Changes in inventories of finished goods, work in progress and stock in trade

(10.65)

(11.40)

(44.60)

(149.54)

7.78

 Employee Benefits Expense

270.22

241.23

231.57

970.23

884.80

 Finance Costs

15.45

18.09

18.70

68.69

77.86

 Depreciation and Amortisation Expense

65.87

64.40

64.04

254.74

241.71

 Advertisement and Sales charges

216.42

209.71

181.37

726.27

676.72

 Other Expenses

404.40

347.73

371.79

1459.46

1373.07

 Total Expenses

2818.34

2790.72

2179.41

10381.70

8664.84

 Profit before Exceptional Items and Tax

261.84

298.33

247.55

1341.71

1084.17

 Exceptional Items (Net)

(63.93)

          (6.13)

        (264.39)

(30.65)

(274.79)

 Profit before Tax

197.91

292.20

(16.84)

1311.06

809.38

 Tax Expense






     Current tax

(25.71)

(20.17)

(28.73)

(98.16)

(89.05)

     Deferred tax

(38.86)

(35.00)

(4.64)

(219.11)

(185.14)

 Total Tax Expense (Net)

(64.57)

(55.17)

(33.37)

(317.27)

(274.19)

 Net Profit after Tax

133.34

237.03

(50.21)

993.79

535.19

Share of net profit/(loss) in Associates and Joint Ventures using equity method

(58.99)

0.35

(72.27)

(63.33)

(75.08)

 Group Consolidated Net Profit (A)

74.35

237.38

(122.48)

930.46

460.11

 Attributable to :






     Owners of the Parent

53.90

218.17

(76.49)

856.69

459.76

    Non Controlling Interest

20.45

19.21

(45.99)

73.77

0.35

 Other Comprehensive Income






 i) Items that will not be reclassified to profit or loss (Net of Tax)






        Remeasurement of the defined benefit plans

(9.57)

(67.10)

83.67

(145.58)

31.18

        Changes in fair valuation of equity instruments

0.94

2.27

6.08

5.88

12.50

  

(8.63)

(64.83)

89.75

(139.70)

43.68

 Tax impact on above items

1.54

12.66

(13.21)

22.06

(3.31)

  

(7.09)

(52.17)

76.54

(117.64)

40.37

 ii) Items that will be reclassified to profit or loss (Net of Tax)






        Exchange differences on translation of foreign operations

47.45

195.54

21.06

262.68

225.69

        Gains/(loss) on effective portion of cash flow hedges

(14.43)

25.42

(37.11)

3.56

13.48

  

33.02

220.96

(16.05)

266.24

239.17

 Tax impact on above items

5.62

(6.45)

15.44

0.82

1.94

  

38.64

214.51

(0.61)

267.06

241.11

 Total Other Comprehensive Income, Net of Tax (B)

31.55

162.34

75.93

149.42

281.48

 Attributable to :






        Owners of the Parent

28.22

137.91

65.71

127.49

233.89

        Non Controlling Interest

3.33

24.43

10.22

21.93

47.59

 Total Comprehensive Income (A+B)

105.90

399.72

(46.55)

1079.88

741.59

 Attributable to :






        Owners of the Parent

82.12

356.08

(10.78)

984.18

693.65

        Non Controlling Interest

23.78

43.64

(35.77)

95.70

47.94

 Paid-up equity share capital (Face value of Re 1 each)

92.16

92.16

            92.16

92.16

92.16

 Reserves excluding Revaluation Reserve




14420.49

13700.84

 Earnings per share (Basic & Diluted) (not annualised for the quarter) - Rs

0.58

2.37

(0.83)

9.30

4.99

 

Notes:

1.  For the quarter, Revenue from operations increased by 26% (24% in constant currency) as compared to corresponding quarter of the previous year, mainly driven by volume and value growth in the India branded business and improved performance of non-branded business. Profit before exceptional items and tax at Rs 262 Crores is higher by 6% as compared to corresponding quarter of the previous year, mainly on account of growth in revenue and good control over expenditure, however, margins were impacted by tea cost inflation in India. Group Consolidated Net Profit is higher as compared to corresponding quarter of the previous year on account of lower exceptional items and lower share of losses in Associates & Joint Ventures.

 

2.  Exceptional item for the current quarter mainly represent costs relating to the business restructure and reorganisation of Rs 18 Crores and loss on disposal of an overseas subsidiary/Joint Venture of Rs 46 Crores. Exceptional items for the corresponding quarter of the previous year represent impairment of Goodwill of Rs 223 Crores, costs relating to the Merger scheme and Integration cost relating to Foods business of Rs 41 Crores, cost relating to business restructure and reorganisation of Rs 10 Crores and gain on disposal of Czech business Rs 10 Crores.

 

3.  During the quarter and financial year ended March 31, 2021, the Group's performance was not adversely impacted by the Covid pandemic but recorded good top line growth in many markets, except for some businesses, in particular, those in out of home consumption sectors. Commodity costs were adversely impacted in India. There can be future business uncertainties depending on developments in relation to the pandemic, particularly those arising from the second wave in India, which could include market closures, supply constraints and commodity cost volatility.

 

4.  Share of profits/(loss) in Associates and Joint Ventures include the profits/(loss) of an Associate operating in North India plantations, which are seasonal in nature.

 

5.  The Consolidated Statement of Assets and Liabilities as at March 31, 2021 and Consolidated Cash Flow Statement for the year ended March 31, 2021 is annexed.

 

6.  Figures of the quarter ended March 31, 2021 and March 31, 2020 are the balancing figures between audited figures in respect of the full financial year and year to date figures up to the third quarter of the relevant financial year.

 

7.  The Board of Directors has recommended a dividend payment of Rs 4.05 per share (Face value Re. 1 each) for the year ended March 31, 2021.

 

8.  Previous period's figures have been regrouped / rearranged, to the extent necessary, to conform to current period's classifications.

 

9.  The aforementioned results were reviewed by the Audit Committee of the Board on May 05, 2021 and subsequently taken on record by the Board of Directors at its Meeting held on May 06, 2021. The Statutory Auditors of the Company have audited the annual results.

 

10. The Consolidated and Standalone result for the quarter and year ended March 31, 2021 are available on the BSE Limited website (URL: www.bseindia.com), National Stock Exchange of India Limited website (URL: www.nseindia.com) and on the Company's website (URL: www.tataconsumer.com).

 

Sd/-

Sunil D'Souza

                                                                                                                                                                        Managing Director and CEO

Mumbai: May 6, 2021



 

Tata Consumer Products Limited

(Formerly Tata Global Beverages Limited)

Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020

CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com

Consolidated Segment wise Revenue, Results, Assets and Liabilities for the year ended March 31, 2021

  Rs. in Crores

Particulars

  Three months ended

  Year ended

March 31, 2021

December 31, 2020

March 31, 2020

March 31, 2021

 March 31, 2020

Refer Note 6

Unaudited

Refer Note 6

Audited

Audited

 Segment Revenue






 Branded Business






       India - Beverages

1204.84

1275.43

754.83

4600.73

3376.89

       India - Foods

641.68

630.64

          524.44

2441.69

2063.74

       International - Beverages

875.21

926.16

874.41

3469.25

3226.04

 Total Branded Business

2721.73

2832.23

2153.68

10511.67

8666.67

 Non Branded Business

323.64

246.47

251.28

1122.17

974.94

Total Segment Revenue

3045.37

3078.70

2404.96

11633.84

9641.61

Others

0.75

8.39

6.42

13.45

26.63

Less: Inter segment Sales

(8.90)

(17.53)

(6.35)

(45.26)

(30.82)

Revenue from Operations

3037.22

3069.56

2405.03

11602.03

9637.42

Segment Results






 Branded Business






India - Beverages

52.37

79.31

87.15

496.31

465.14

India - Foods

86.79

93.36

             57.27

387.66

           266.45

International - Beverages

110.07

122.60

128.51

458.88

360.76

 Total Branded Business

249.23

295.27

272.93

1342.85

1092.35

 Non Branded Business

38.47

20.36

1.19

90.89

55.65

 Total Segment Results

287.70

315.63

274.12

1433.74

1148.00

 Add/Less






   Other Income

26.45

16.11

17.94

95.82

93.35

   Finance Cost

(15.45)

(18.09)

(18.70)

(68.69)

(77.86)

    Unallocable items

(36.86)

(15.32)

(25.81)

(119.16)

(79.32)

    Exceptional Items

(63.93)

(6.13)

(264.39)

(30.65)

(274.79)

 Profit Before Tax

197.91

292.20

(16.84)

1311.06

809.38

Segment Assets






 Branded Business






India - Beverages

2326.34

2766.70

1554.03

2326.34

1554.03

India - Foods

6442.40

6163.14

6231.66

6442.40

6231.66

International - Beverages

5192.15

5434.89

5352.99

5192.15

5352.99

 Total Branded Business

13960.89

14364.73

13138.68

13960.89

13138.68

 Non Branded Business

1577.24

1521.20

1599.93

1577.24

1599.93

 Total Segment Assets

15538.13

15885.93

14738.61

15538.13

14738.61

 Unallocable Corporate Assets

4717.74

3981.94

3763.99

4717.74

3763.99

 Total Assets

20255.87

19867.87

18502.60

20255.87

18502.60

 Segment Liabilities






 Branded Business






India - Beverages

1317.93

1106.58

538.32

1317.93

538.32

India - Foods

293.77

257.62

           240.72

293.77

           240.72

International - Beverages

748.17

750.50

759.99

748.17

759.99

 Total Branded Business

2359.87

2114.70

1539.03

2359.87

1539.03

 Non Branded Business

174.35

162.65

186.98

174.35

186.98

 Total Segment Liabilities

2534.22

2277.35

1726.01

2534.22

1726.01

 Unallocable Corporate Liabilities

2094.61

1970.17

1869.26

2094.61

1869.26

 Total Liabilities

4628.83

4247.52

3595.27

4628.83

3595.27

 

Notes:

a.   The Group has organised business into Branded Segment and Non Branded Segment. Branded Segment is further sub-categorised as India Beverages, India Foods and International Beverages. Accordingly, the Group has reported its segment results for these segments.

 

b.   Business Segments: The internal business segmentation and the activities encompassed therein are as follows:

i)          Branded Business -

India Beverages : Sale of branded Tea, Coffee and Water in various value added forms

India Foods : Sale of food products in various value added forms

International Beverages : Sale of branded Tea, Coffee and Water in various value added forms

 

ii)     Non Branded Business -  Plantation and Extraction business for Tea, Coffee and other produce.

 

c.     The segment wise revenue, results, assets and liabilities figures relate to the respective amounts directly identifiable to each of the segments. Unallocable items includes expenses incurred on common services at the corporate level. Other Income excludes allocable income to segment results.

 

 

 

Tata Consumer Products Limited

(Formerly Tata Global Beverages Limited)

Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020

CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com

Audited Consolidated Statement of Assets and Liabilities as at March 31, 2021

Rs in Crores


March 31, 2021

March 31, 2020

 ASSETS



Non-Current Assets



Property Plant and Equipment

1222.67

1207.50

Capital Work in Progress

93.17

87.56

Investment Property

33.17

50.04

Right of Use Assets

386.41

293.46

Goodwill

7596.57

7333.83

Other Intangible Assets

2784.31

2771.21

Intangible Assets under Development

19.68

7.79

Investments accounted for using Equity method

207.27

228.19

Financial Assets



Investments

275.46

261.11

Loans

21.87

22.50

Other Financial Assets

74.92

32.17

Deferred Tax Assets (Net)

38.05

29.56

Non-current Tax Assets (net)

142.30

146.06

Other Non Current Assets

311.39

349.56


13207.24

12820.54

Current Assets



Inventories

2249.16

1712.03

Financial Assets



Investments

323.16

833.55

Trade Receivables

761.32

922.41

Cash and Cash Equivalent

2041.99

1121.67

Other Bank balances

1032.89

499.79

Loans

185.12

116.54

Other Financial Assets

116.35

173.24

Current Tax Assets (net)

1.37

1.17

Other Current Assets

337.27

301.66


7048.63

5682.06

TOTAL ASSETS

20255.87

18502.60

EQUITY AND LIABILITIES



Equity



Equity Share Capital

92.16

92.16

Other Equity

14442.35

13722.70

Equity attributable to the equity holders of the company

14534.51

13814.86

Non Controlling Interest

1092.53

1092.47

Total Equity

15627.04

14907.33

Non-Current Liabilities



Financial Liabilities



Borrowings

287.54

794.67

Lease Liability

389.10

291.96

Other Financial Liabilities

80.24

13.93

Provisions

192.46

183.22

Deferred Tax Liabilities (Net)

570.16

316.03

Non Current Tax Liabilities

14.87

16.86


1534.37

1616.67

Current Liabilities



Financial Liabilities



Borrowings

433.06

387.81

Lease Liability

37.81

37.97

Trade Payables

1625.47

943.99

Other Financial Liabilities

736.23

382.55

Other Current Liabilities

136.09

100.25

Provisions

101.71

92.41

Current Tax Liabilities (net)

24.09

33.62


3094.46

1978.60

TOTAL EQUITY AND LIABILITIES

20255.87

18502.60

 

 

Tata Consumer Products Limited

(Formerly Tata Global Beverages Limited)

Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020

CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com

Audited Consolidated Statement of Cash Flows for the year ended March 31, 2021

Rs. In Crores

 Particulars

March 31, 2021

March 31, 2020

A.    Cash Flow from Operating Activities



 Net Profit before Tax

1311.06

809.38

   Adjusted  for  :



 Depreciation and amortisation

254.74

241.71

 Finance Cost

68.69

77.86

 Dividend Income

(2.02)

(3.47)

 Profit on sale of current investments (net)

(13.00)

(25.50)

 Fair value movement in Financial instruments at fair value through profit and loss

(8.11)

(2.57)

 Interest Income

(72.70)

(61.81)

 Unrealised foreign exchange (gain) / loss

4.13

(7.18)

 Impairment loss recognised in trade receivables and advances (net of reversal)

21.49

(3.41)

 (Profit) / Loss on sale of Property, Plant & Equipment including investment property (net)

(11.75)

(4.03)

 Rental Income from Investment Property

(3.81)

(3.14)

Exceptional Items -



     Gain on conversion of a Joint Venture into a Subsidiary

(84.30)

                     -  

    (Gain) / Loss  on Dispoal of a Subsidiary/Joint Venture

46.45

               (10.38)

     Impairment of Goodwill

                     -  

               222.94

     Loss on disposal of a business

4.25

                     -  

    Other Exceptional Items

64.25

62.23

 Operating Profit before working capital changes

1579.37

1292.63

 Adjustments for:



      Trade Receivables & Other Assets

186.14

(177.30)

      Inventories

(533.45)

81.46

Trade payables & Other Liabilities

530.74

13.82

 Cash generated from operations

1762.80

1210.61

      Direct taxes paid

(106.43)

(128.38)

 Net Cash from Operating Activities

1656.37

1082.23

B.   Cash Flow from Investing Activities



      Payment for Property, Plant and Equipment including Intangibles

(210.68)

(159.58)

      Sale of Property, Plant and Equipment

31.50

8.82

      Rental Income from Investment Property

3.81

3.14

 Sale of Non Current Investments carried at Fair value through OCI

0.02

65.27

Acquisition of Business

                     -  

             (101.01)

Acquisition of Subsidiary

(168.80)

                     -  

Investments in Joint Ventures

(112.32)

(53.00)

Proceeds from disposal of a Subsidiary/Joint Venture

56.99

                 30.38

Purchase of Non-Current Investments

                     -  

                 (0.16)

Dividend Income received (including dividend from associates & Joint Ventures)

5.10

5.31

      Interest Income received

67.96

51.13

      (Purchase) / Sale of Current Investments (net)

523.39

(222.00)

      (Placement) / Redemption Fixed deposits (net)

(532.38)

(433.53)

      Inter Corporate Loans and Deposits (net)

(73.00)

132.46

 Net cash from /(used in) Investing Activities

(408.41)

(672.77)

C.   Cash Flow from Financing Activities



      Proceeds from / (Repayment of) Long term borrowings (net)

(69.16)

(18.14)

      Proceeds from  / (Repayment of) short term borrowings (net)

11.82

50.25

      Payment of Lease Liabilities

(45.06)

               (48.56)

      Dividend & Dividend Tax paid

(267.29)

(221.62)

      Finance Cost paid

(65.41)

(70.26)

     Refund of Dividend Distribution Tax paid in an earlier year

9.07

                     -  

 Net Cash used in Financing Activities

(426.03)

(308.33)

 Net increase in Cash and Cash Equivalents  (A+B+C)

821.93

101.13

Opening balance of Cash & Cash Equivalent

889.34

737.48

Add: Cash and Cash equivalent of the acquired companies

44.08

                     -  

Less: Cash and Cash equivalent on disposal of a subsidiary

(22.80)

                     -  

Exchange Gain/ (Loss) on translation of foreign currency cash/cash equivalents

40.63

50.73

 Closing Cash & Cash Equivalent

1773.18

889.34

 Reconciliation with Balance Sheet



      Cash  and  Cash  Equivalents

1773.18

889.34

      Add : Bank Overdraft

268.81

232.33

 Balance at the end of the year

2041.99

1121.67

 

 

Tata Consumer Products Limited

(Formerly Tata Global Beverages Limited)

Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020

CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com

Standalone Financial Results for the quarter and year ended March 31, 2021

Rs. in Crores

Particulars

Three months ended

Year ended


March 31, 2021

December 31, 2020

March 31, 2020

March 31, 2021

March 31, 2020


Refer Note 5

Unaudited

Refer Note 5

Audited

Audited

Revenue from Operations

1850.06

1962.73

1335.31

7154.36

5690.24

Other Income

               28.72

25.02

16.70

133.01

117.75

Total Income

1878.78

1987.75

1352.01

7287.37

5807.99

Cost of materials consumed

             892.96

1061.64

               527.09

3421.65

2305.02

Purchase of stock-in-trade

             363.65

367.97

               287.42

1425.63

1123.86

Changes in inventories of finished goods, work-in-progress & stock-in-trade

               22.65

             (57.43)

               (26.40)

          (116.90)

                44.36

Employees benefits expense

               92.18

80.18

                 67.66

321.58

              283.44

Finance costs

                 7.92

7.22

                   6.79

              28.13

                25.73

Depreciation and amortisation expense

               33.37

32.41

                 33.00

             126.21

              114.82

Advertisement and sales charges

             123.66

126.64

               107.92

             396.83

              384.91

Other expenses

             212.91

186.62

               211.24

             787.00

              744.63

Total Expenses

1749.30

1805.25

1214.72

6390.13

5026.77

Profit before Exceptional Items and Tax

             129.48

182.50

137.29

897.24

              781.22

Exceptional Items (Net)

           (14.43)

               (6.37)

               (41.41)

            (61.10)

              (51.81)

Profit before Tax

            115.05

             176.13

                 95.88

             836.14

              729.41

Tax Expense





      Current Tax

              (1.10)

                5.11

                   2.11

                 1.05

                  0.61

    Deferred Tax

            (32.26)

             (45.12)

               (27.06)

         (217.68)

            (206.48)

Total Tax Expense (net of reversals)

           (33.36)

             (40.01)

               (24.95)

          (216.63)

            (205.87)

 Net Profit after Tax (A)

               81.69

             136.12

                 70.93

             619.51

              523.54

Other Comprehensive Income






i) Items that will not be reclassified to profit or loss






     Remeasurement of defined benefit plans

               10.67

               (3.49)

                 (9.56)

              (4.44)

              (28.18)

     Changes in fair valuation of equity instruments

                 0.93

                   4.67

                 5.87

                  9.84


               11.60

                 (4.89)

                 1.43

              (18.34)

Tax impact of above items

              (3.79)

                   3.44

                 0.01

                  7.47


                 7.81

               (0.36)

                 (1.45)

                 1.44

              (10.87)

ii) Items that will be reclassified to profit or loss






Gains/(loss) on effective portion of cash flow hedges

                1.43

               (0.64)

                 (1.67)

                 2.62

                (6.53)

Tax impact of above item

             (0.36)

                0.16

                   0.68

              (0.66)

                  2.13


                1.07

               (0.48)

                 (0.99)

                 1.96

                (4.40)

Other Comprehensive Income (B)

                 8.88

               (0.84)

                 (2.44)

                 3.40

              (15.27)

Total Comprehensive Income (A+B)

              90.57

             135.28

                 68.49

             622.91

              508.27

Paid-up equity share capital (Face value of Re. 1 each)

               92.16

92.16

                 92.16

92.16

92.16

Reserves excluding Revaluation Reserves




11110.08

10735.99

Earnings per share (Basic & Diluted) (not annualised for the quarter) - Rs.

       0.89

                1.48

                   0.77

                6.72

                  5.68

 



Notes:

 

1.   For the quarter, Revenue from operations increased by 39% over corresponding quarter of the previous year driven by growth in volume and value mainly in the branded business. Profit before Tax at Rs 115 crores is higher as compared to corresponding quarter of previous year mainly on account of growth in revenue and lower exceptional items which has been partly impacted by record tea cost inflation and higher investments behind brands. Consequently, Profit after tax is also higher than corresponding quarter of previous year.

 

2.   Exceptional item for the current quarter represent costs relating to the business restructure and reorganization of Rs 14 crores. Exceptional costs for the corresponding quarter of previous year of Rs 41 crores represents costs relating to scheme of merger and Integration Costs in relation to foods business.

 

3.   During the quarter and financial year ended March 31, 2021, the Company's performance was not adversely impacted by the Covid pandemic but recorded good top line growth.  However, tea commodity costs were adversely impacted.  There can be future business uncertainties depending on developments in relation to the pandemic, particularly those arising from the second wave in India,  which could include market closures, supply constraints and commodity cost volatility

 

4.   In accordance with Ind AS 108 "Operating Segments", segment information has been given in the consolidated financial results, and therefore, no separate disclosure on segment information is given in these Standalone financial results.

 

5.   Figures of the quarter ended March 31, 2021 and March 31, 2020 are the balancing figures between audited figures in respect of the full financial year and year to date figures up to the third quarter of the relevant financial year.

 

6.   Statement of Assets and Liabilities as at March 31, 2021 and Cash flow Statement for the year ended March 31, 2021 is annexed.

 

7.   The Board of Directors has recommended a dividend payment of Rs 4.05 per share (Face value Re. 1 each) for the year ended March 31, 2021.

 

8.   Previous period's figures have been regrouped / rearranged, to the extent necessary, to conform to current period's classifications.

 

9.   The aforementioned results were reviewed by the Audit Committee of the Board on May 5, 2021 and subsequently taken on record by the Board of Directors at its meeting held on May 6, 2021. The Statutory Auditors of the Company have audited the annual results.

 

 

 

 

 

 

Mumbai: May 6, 2021

 

Sd/-

Sunil D'Souza

Managing Director and CEO

 



 

 

Tata Consumer Products Limited

(Formerly Tata Global Beverages Limited)

Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020

CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com

Audited Statement of Assets and Liabilities as at March 31, 2021

Rs. In Crores

 

 

March 31, 2021

March 31, 2020

ASSETS



Non-Current Assets



Property, Plant and Equipment

           258.30

225.32

Capital work-in-progress

             46.46

22.16

Right of Use Assets

           224.64

        124.88

Goodwill

3578.51

3578.51

Other Intangible Assets

2509.90

2523.83

Intangible Assets under development

             16.44

5.99

Financial Assets



Investments

2605.19

2324.91

Loans

             21.71

22.35

Other Financial Assets

           103.59

24.68

Non-Current Tax Assets (Net)

           122.61

123.06

Other Non-Current Assets

             88.91

87.64


9576.26

9063.33

Current assets



Inventories

1408.37

919.95

Financial Assets



Investments

           287.77

724.51

Trade Receivables

           257.23

314.17

Cash and Cash Equivalents

           644.74

243.24

Other Bank Balances

           968.95

494.53

Loans

               3.79

0.66

Other Financial Assets

             31.57

75.20

 Other Current Assets

           253.08

214.84


3855.50

2987.10

TOTAL ASSETS

13431.76

12050.43

EQUITY AND LIABILITIES



Equity



Equity Share Capital

             92.16

92.16

Other Equity

11131.94

10757.85

TOTAL EQUITY

11224.10

10850.01

Non-Current Liabilities



Financial Liabilities



       Lease Liability

           215.30

        121.82

      Other Financial Liability

             76.20

               -  

Provisions

148.21

        137.52

Deferred Tax Liabilities

367.55

        149.22


807.26

408.56

Current Liabilities



Financial Liabilities



Borrowings

                  -  

          35.00

Lease Liability

28.94

          23.69

Trade Payables



Total outstanding dues of Micro enterprises and Small enterprises

13.96

            4.31

Total outstanding dues of creditors other than Micro enterprises and Small enterprises

1088.67

        442.73

Other Financial Liabilities

             81.93

        120.11

Other Current Liabilities

             99.73

          75.91

Provisions

82.04

          73.96

Current Tax Liabilities (Net)

5.13

          16.15


1400.40

791.86

TOTAL EQUITY AND LIABILITIES

13431.76

12050.43

 



 

Tata Consumer Products Limited

(Formerly Tata Global Beverages Limited)

Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020

CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com

Audited Statement of Cash Flows for the year ended March 31, 2021

Rs. In Crores

Particulars

March 31, 2021

March 31, 2020

A.        Cash  Flow  from  Operating  Activities



 Net Profit before Tax

836.14

729.41

 Adjusted  for  :



 Depreciation and Amortisation

126.21

114.82

Dividend Income

(55.20)

(47.15)

 Unrealised Exchange (Gain) / Loss

0.27

(1.69)

 Finance Cost

28.13

25.73

 Fair value movement in Financial instruments at fair value through profit and loss

(8.11)

3.31

 Interest Income

(57.96)

(46.57)

Profit on sale of current investments (net)

(11.57)

(24.88)

 Impairment loss recognised in trade receivables (net of reversal)

20.46

(1.11)

 (Profit) / Loss on sale of Property, Plant & Equipment (net)

0.49

1.33

Exceptional Items

61.10

51.81

    Operating Profit before working capital changes

939.96

805.01

 Adjustments for:



    Trade Receivables & Other Assets

36.02

(118.96)

 Inventories

(488.42)

80.96

 Trade payables & Other Liabilities

586.19

37.05

 Cash generated from Operations

1073.75

804.06

 Direct Taxes paid (net)

(9.52)

(59.03)

 Net  Cash  from/(used in)  Operating  Activities

1064.23

745.03

B.   Cash  Flow  from  Investing  Activities



 Payment for  Property, Plant and Equipment and Intangibles

(146.89)

(65.28)

 Sale of Property, Plant and Equipment

0.17

0.11

 Sale of Non Current Investments carried at Fair value through OCI

-

53.20

Acquisition of Business

-

(101.01)

Acquisition of Subsidiaries

(168.80)

-

 Investment in Joint Ventures

(97.50)

(53.00)

 Dividend Income received

55.20

47.15

 Interest Income received

54.17

41.38

 (Purchase) / Sale of Current Investments (net)

448.31

(201.89)

 (Placement) / Redemption Fixed deposits (net)

(473.71)

(430.65)

 Inter Corporate Deposits and Loans (net)

(3.00)

1.75

 Net  cash from / (used in) Investing  Activities

(332.05)

(708.24)

C.   Cash  Flow  from  Financing  Activities



Working Capital facilities (net)

(35.00)

35.00

 Payment of Lease Liabilities

(27.81)

(28.97)

 Dividend Paid

(248.82)

(157.78)

Dividend Tax paid

-

(29.12)

 Finance Cost paid

(19.05)

(17.11)

 Net Cash from / (used in) Financing  Activities

(330.68)

(197.98)

 Net increase / (decrease) in  Cash and Cash Equivalents  (A+B+C)

401.50

(161.19)

 Opening balance of Cash & Cash equivalent

243.24

404.43

 Closing Cash & Cash Equivalent

644.74

243.24

 

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