RNS Number : 9589Q
Tata Consumer Products Limited
01 November 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

Unaudited Consolidated Financial Results for the quarter and six months ended September 30, 2021

                 Rs. In Crores

Particulars

Three months ended

Year to date ended

Year ended

September 30,  2021

June 30,
 2021

September 30,  2020

September 30,  2021

September 30,  2020

March 31,
 2021

 

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

 

Revenue from Operations

3033.12

3008.46

2781.34

6041.58

5495.25

11602.03

 

Other Income

39.62

28.01

26.22

67.63

58.93

121.38

 

 Total Income

3072.74

3036.47

2807.56

6109.21

5554.18

11723.41

 

 Cost of Materials Consumed

1232.02

1313.64

1208.11

2545.66

2221.96

4937.45

 

 Purchase of stock in trade

485.15

542.68

518.98

1027.83

1052.30

2114.40

 

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

19.12

(73.91)

(80.94)

(54.79)

(127.49)

(149.54)

 

 Employee Benefits Expense

255.64

265.41

229.73

521.05

458.78

970.23

 

 Finance Costs

19.78

20.43

17.87

40.21

35.15

68.69

 

 Depreciation and Amortisation Expense

69.31

66.79

62.57

136.10

124.47

254.74

 

 Advertisement and Sales charges

211.88

158.21

166.38

370.09

300.14

726.27

 

 Other Expenses

416.01

402.94

339.50

818.95

707.33

1459.46

 

 Total Expenses

2708.91

2696.19

2462.20

5405.10

4772.64

10381.70

 

 Profit before Exceptional Items and Tax

363.83

340.28

345.36

704.11

781.54

1341.71

 

 Exceptional Items (Net)

(16.31)

(3.92)

(23.90)

(20.23)

39.41

(30.65)

 

 Profit before Tax

347.52

336.36

321.46

683.88

820.95

1311.06

 

 Tax Expense







 

  Current tax

(50.03)

(61.16)

(25.18)

(111.19)

(52.28)

(98.16)

 

  Deferred tax

(36.10)

(34.55)

(61.95)

(70.65)

(145.25)

(219.11)

 

 Total Tax Expense (Net)

(86.13)

(95.71)

(87.13)

(181.84)

(197.53)

(317.27)

 

 Net Profit after Tax

261.39

240.65

234.33

502.04

623.42

993.79

 

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

24.41

(40.41)

38.85

(16.00)

(4.69)

(63.33)

 

 Group Consolidated Net Profit (A)

285.80

200.24

273.18

486.04

618.73

930.46

 

 Attributable to :







 

 Owners of the Parent

268.04

185.15

257.06

453.19

584.62

856.69

 

 Non Controlling Interest

17.76

15.09

16.12

32.85

34.11

73.77

 

 Other Comprehensive Income







 

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







 

Remeasurement of the defined benefit plans

(37.26)

(1.39)

(7.18)

(38.65)

(68.91)

(145.58)

 

 Changes in fair valuation of equity instruments

3.48

1.39

1.07

4.87

2.67

5.88

 

 

 

(33.78)

0.00

(6.11)

(33.78)

(66.24)

(139.70)

 

Tax impact on above items

5.81

(12.25)

0.72

(6.44)

7.86

22.06

 

 

 

(27.97)

(12.25)

(5.39)

(40.22)

(58.38)

(117.64)

 

ii) Items that will be reclassified to profit or loss







 

Exchange differences on translation of foreign operations

(141.78)

123.03

29.91

(18.75)

19.69

262.68

 

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

21.77

34.04

30.84

55.81

(7.43)

3.56

 

  

(120.01)

157.07

60.75

37.06

12.26

266.24

 

Tax impact on above items

(4.53)

(11.11)

(6.60)

(15.64)

1.65

0.82

 

  

(124.54)

145.96

54.15

21.42

13.91

267.06

 

Total Other Comprehensive Income (B)

(152.51)

133.71

48.76

(18.80)

(44.47)

149.42

 

 Attributable to :







 

 Owners of the Parent

(134.54)

112.42

42.21

(22.12)

(38.64)

127.49

 

 Non Controlling Interest

(17.97)

21.29

6.55

3.32

(5.83)

21.93

 

 Total Comprehensive Income (A+B)

133.29

333.95

321.94

467.24

574.26

1079.88

 

 Attributable to :







 

 Owners of the Parent

133.50

297.57

299.27

431.07

545.98

984.18

 

 Non Controlling Interest

(0.21)

36.38

22.67

36.17

28.28

95.70

 

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

92.16

92.16

            92.16

           92.16

            92.16

92.16

 

 Reserves excluding Revaluation Reserve






14420.49

 

Earnings per share (Basic & Diluted) (not annualised for the quarter and year to date) - Rs

2.91

2.01

2.79

4.92

6.34

9.30

 



Notes:

 

1.   For the quarter, Revenue from operations increased by 9% (8% in constant currency) as compared to corresponding quarter of the previous year, mainly driven by growth of 14% in India Beverages and 23% in India Foods, International business revenues, excluding exited businesses, were marginally higher. Profit before exceptional items and tax at Rs 364 Crores is higher by 5% on account of improved gross margin partly offset by higher spends behind brands. Group Consolidated Net Profit at Rs 286 Crores is higher by 5%.

 

2.   Exceptional item for the current quarter of Rs 16 Crores mainly represent costs relating to the business restructure and redundancy.  Exceptional item for the corresponding quarter of the previous year represents costs relating to the business integration of foods business of Rs 10 Crores, redundancy cost of Rs 9 Crores and impairment of assets of Rs 5 Crores.

 

3.   During the quarter ended September 30, 2021, the Group's performance was not adversely impacted by the Covid pandemic, except for some businesses, in particular, those in out of home consumption sectors although there is an improving trend. There can be future business uncertainties depending on developments in relation to the pandemic, 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.

 

 

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

 

7.   The aforementioned results were reviewed by the Audit Committee of the Board on October 21, 2021 and subsequently taken on record by the Board of Directors at its Meeting held on October 22, 2021. The Statutory Auditors of the Company have conducted limited review on these results.

 

8.   The Consolidated and Standalone result for the quarter and six months ended September 30, 2021 are available on the BSE website (URL: www.bseindia.com), the National Stock Exchange website (URL: www.nseindia.com) and on the Company's website (URL: www.tataconsumer.com).

 

 

 

 

 

Sunil D'Souza

Managing Director and CEO

Mumbai: October 22, 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

Unaudited Consolidated Segment wise Revenue, Results, Assets and Liabilities for the quarter and six months ended September 30, 2021

                 Rs. In Crores

Particulars

Three months ended

Year to date ended

Year ended

September 30, 2021

June 30,
2021

September 30, 2020

September 30, 2021

September 30, 2020

March 31,
2021

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

Segment Revenue







Branded Business







India - Beverages

1265.86

1267.09

1107.96

2532.95

2096.58

4561.55

India - Foods

712.22

704.67

580.31

1416.89

1169.37

2441.69

International Business

781.27

767.58

812.54

1548.85

1691.76

3508.43

Total Branded Business

2759.35

2739.34

2500.81

5498.69

4957.71

10511.67

Non Branded Business

279.91

277.64

287.64

557.55

552.06

1122.17

Total Segment Revenue

3039.26

3016.98

2788.45

6056.24

5509.77

11633.84

Others

6.28

2.73

3.24

9.01

4.31

13.45

Less: Inter segment Sales

(12.42)

(11.25)

(10.35)

(23.67)

(18.83)

(45.26)

Revenue from Operations

3033.12

3008.46

2781.34

6041.58

5495.25

11602.03

Segment Results







Branded Business







India - Beverages

169.68

150.73

144.71

320.41

356.85

487.87

India - Foods

74.84

96.00

92.95

170.84

207.51

387.66

International Business

109.69

96.00

105.34

205.69

233.99

467.32

Total Branded Business

354.21

342.73

343.00

696.94

798.35

1342.85

Non Branded Business

21.54

18.63

18.11

40.17

32.06

90.89

Total Segment Results

375.75

361.36

361.11

737.11

830.41

1433.74

Add/(Less)







Other Income

32.71

24.54

23.97

57.25

53.26

95.82

Finance Cost

(19.78)

(20.43)

(17.87)

(40.21)

(35.15)

(68.69)

Unallocable items

(24.85)

(25.19)

(21.85)

(50.04)

(66.98)

(119.16)

Exceptional Items

(16.31)

(3.92)

(23.90)

(20.23)

39.41

(30.65)

Profit Before Tax

347.52

336.36

321.46

683.88

820.95

1311.06

Segment Assets







Branded Business







India - Beverages

2143.98

1897.09

2464.42

2143.98

2464.42

2311.90

India - Foods

6499.12

6533.87

6188.80

6499.12

6188.80

6442.40

International Business

5256.56

5375.41

5318.81

5256.56

5318.81

5206.59

Total Branded Business

13899.66

13806.37

13972.03

13899.66

13972.03

13960.89

Non Branded Business

1637.48

1594.30

1515.36

1637.48

1515.36

1577.24

Total Segment Assets

15537.14

15400.67

15487.39

15537.14

15487.39

15538.13

Unallocable Corporate Assets

4254.35

4404.29

3916.82

4254.35

3916.82

4717.74

Total Assets

19791.49

19804.96

19404.21

19791.49

19404.21

20255.87

Segment Liabilities







Branded Business







India - Beverages

1176.23

1011.09

1029.70

1176.23

1029.70

1309.12

India - Foods

314.05

326.00

284.15

314.05

284.15

293.77

International Business

692.98

718.26

718.98

692.98

718.98

756.98

Total Branded Business

2183.26

2055.35

2032.83

2183.26

2032.83

2359.87

Non Branded Business

195.84

183.01

178.36

195.84

178.36

174.35

Total Segment Liabilities

2379.10

2238.36

2211.19

2379.10

2211.19

2534.22

Unallocable Corporate Liabilities

1716.85

2004.13

1972.15

1716.85

1972.15

2094.61

Total Liabilities

4095.95

4242.49

4183.34

4095.95

4183.34

4628.83

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 Business. Accordingly, the group has reported its segment results for these segments. A business unit has been regrouped between the segments in the current year, the corresponding segment information for the comparative periods have been restated as per the requirements of Ind AS 108.

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 Business : 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

Unaudited Consolidated Statement of Assets and Liabilities as at September 30, 2021

                 Rs. In Crores


As at September 30, 2021

As at March 31, 2021


Unaudited

Audited

ASSETS



Non-Current Assets



Property Plant and Equipment

1252.19

1222.67

Capital Work in Progress

66.95

93.17

Investment Property

32.86

33.17

Right of Use Assets

371.01

386.41

Goodwill

7601.22

7596.57

Other Intangible Assets

2773.62

2784.31

Intangible Assets under Development

10.98

19.68

Investments accounted for using Equity method

242.61

207.27

Financial Assets



Investments

434.31

275.46

Loans

20.16

21.87

Other Financial Assets

68.63

74.92

Deferred Tax Assets (Net)

37.28

38.05

Non-current Tax Assets (net)

136.53

142.30

Other Non Current Assets

277.76

311.39


13326.11

13207.24

Current Assets



Inventories

2281.93

2249.16

Financial Assets



Investments

175.38

323.16

Trade Receivables

651.99

761.32

Cash and Cash Equivalent

1214.73

2041.99

Other Bank balances

1349.38

1032.89

Loans

222.12

185.12

Other Financial Assets

185.43

116.35

Current Tax Assets (net)

3.13

1.37

Other Current Assets

381.29

337.27


6465.38

7048.63

TOTAL ASSETS

19791.49

20255.87

EQUITY AND LIABILITIES



Equity



Equity Share Capital

92.16

92.16

Other Equity

14500.59

14442.35

Equity attributable to the equity holders of the company

14592.75

14534.51

Non Controlling Interest

1102.79

1092.53

Total Equity

15695.54

15627.04

Non-Current Liabilities



Financial Liabilities



Borrowings

264.42

287.54

Lease Liability

367.59

389.10

Other Financial Liabilities

83.82

80.24

Provisions

197.41

192.46

Deferred Tax Liabilities (Net)

658.75

570.16

Non Current Tax Liabilities

13.18

14.87




Current Liabilities



Financial Liabilities



Borrowings

488.78

919.62

Lease Liability

47.38

37.81

Trade Payables

1505.41

1625.47

Other Financial Liabilities

226.31

249.67

Other Current Liabilities

126.61

136.09

Provisions

97.61

101.71

Current Tax Liabilities (net)

18.68

24.09


2510.78

3094.46

TOTAL EQUITY AND LIABILITIES

19791.49

20255.87

 

 

 



 

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

Unaudited Consolidated Statement of Cash Flows for the six months ended September 30, 2021

                 Rs. In Crores


Particulars

September 30,
2021

September 30,
2020

A.

Cash Flow from Operating Activities




Net Profit before Tax

683.88

820.95


Adjusted  for  :




Depreciation and Amortisation

136.10

124.47


Finance Cost

40.21

35.15


Dividend Income

(2.54)

(2.30)


Profit on sale of current investments (net)

(5.01)

(8.76)


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

(4.41)

(4.82)


Interest Income

(45.23)

(37.43)


Unrealised foreign exchange (gain) / loss

(0.47)

5.00


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

-

16.12


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

(2.07)

0.23


Rental Income from Investment Property

(1.24)

(2.08)






Exceptional items -




Gain on conversion of a Joint Venture into a Subsidiary

-

(84.30)


Impairment of Asset

-

4.59


Other Exceptional Expenses

20.23

40.30


Operating Profit before working capital changes

819.45

907.12


Adjustments for:




Trade Receivables & Other Assets

16.77

165.93


Inventories

(32.38)

(854.21)


Trade payables & Other Liabilities

(130.99)

359.39


Cash generated from /(used in) operations

672.85

578.23


Direct taxes paid (net)

(130.03)

(45.46)


Net Cash from /(used in) Operating Activities

542.82

532.77

B.

Cash Flow from Investing Activities




Payment for  Property, Plant and Equipment including Intangibles assets

(88.75)

(63.12)


Sale of Property, Plant and Equipment

0.59

1.10


Rental Income from Investment Property

1.24

2.08


Sale of Non Current Investments carried at Fair value through OCI

0.15

-


Acquisition of a Subsidiary

-

(13.00)


Investments in Joint Ventures

(61.00)

(97.50)


Investments in Associate

(150.00)

-


Dividend Income received (including dividend from Associates & JVs)

9.13

5.04


Interest Income received

34.83

32.71


(Purchase) / Sale of Current Investments (net)

152.80

608.92


(Placement) / Redemption Fixed deposits (net)

(314.52)

(363.89)


Inter Corporate Loans and Deposits including FX (net)

(50.93)

(33.00)


Net cash from /(used in) Investing Activities

(466.46)

79.34

C.

Cash Flow from Financing Activities




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

(465.42)

(30.85)


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

(0.73)

20.82


Payment of Lease Liabilities

(26.07)

(22.43)


Dividend paid

(398.45)

(260.75)


Finance Cost paid

(33.17)

(32.36)


Refund of Dividend Distribution Tax paid in an earlier year

13.38

9.07


Net Cash from / (used in) Financing Activities

(910.46)

(316.50)


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

(834.10)

295.61


Opening balance of Cash and Cash Equivalent

1773.18

889.34


Add: Cash and Cash equivalent of the acquired companies

-

5.11


Less: Cash and Cash equivalent on disposal of a subsidiary

-

-


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

6.89

(10.00)


Closing Cash and Cash Equivalent

945.97

1180.06


Reconciliation with Balance Sheet




Cash and Cash Equivalents

945.97

1180.06


Add : Bank Overdraft

268.76

238.21


Balance at the end of the period

1214.73

1418.27

 

 



 

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

Unaudited Standalone Financial Results for the quarter and six months ended September 30, 2021

                 Rs. In Crores

 

 

Particulars 

 

Three months ended

Year to date ended

Year ended

 September 30

June 30

 September 30

 September 30

 September 30

 March 31

2021

2021

2020

2021

2020

2021

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

Revenue from Operations

1987.50

1965.89

1736.14

3953.39

3341.57

7154.36

Other Income

31.05

146.23

33.57

177.28

79.27

133.01

Total Income

2018.55

2112.12

1769.71

4130.67

3420.84

7287.37

Cost of materials consumed

              826.54

          886.85

              863.14

1713.39

1467.05

3421.65

Purchase of stock-in-trade

              403.04

          416.94

              353.86

819.98

694.01

1425.63

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

                19.05

         (20.11)

              (87.74)

              (1.06)

              (82.12)

     (116.90)

Employees benefits expense

                88.87

            88.36

                77.45

177.23

149.22

         321.58

Finance costs

                  7.65

               7.66

                  6.46

              15.31

                12.99

           28.13

Depreciation and amortisation expense

                36.09

             34.88

                30.84

              70.97

                60.43

         126.21

Advertisement and sales charges

              132.90

             86.14

                90.04

            219.04

              146.53

        396.83

Other expenses

              248.39

         233.79

              185.66

            482.18

              387.47

        787.00

Total Expenses

1762.53

1734.51

1519.71

3497.04

2835.58

6390.13

Profit before Exceptional Items and Tax

256.02

377.61

250.00

633.63

585.26

         897.24

Exceptional Items (Net)

                (7.19)

                     -  

              (19.30)

             (7.19)

              (40.30)

       (61.10)

Profit before Tax

              248.83

         377.61

              230.70

626.44

              544.96

        836.14

Tax Expense







Current Tax

              (30.64)

         (42.44)

                (1.83)

           (73.08)

                (2.96)

            1.05

Deferred Tax

              (29.85)

         (31.43)

              (59.48)

           (61.28)

            (140.30)

      (217.68)







Total Tax Expense ( net of reversals)

              (60.49)

         (73.87)

              (61.31)

         (134.36)

            (143.26)

     (216.63)

Net Profit after Tax (A)

              188.34

         303.74

              169.39

           492.08

              401.70

        619.51

Other Comprehensive Income







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







Remeasurement of defined benefit plans

                  0.81

           (4.74)

                  2.81

             (3.93)

              (11.62)

         (4.44)

Changes in fair valuation of equity instruments

                  3.48

              1.39

                  1.07

               4.87

                  2.67

            5.87


                  4.29

           (3.35)

                  3.88

               0.94

                (8.95)

            1.43

Tax impact of above items

                (1.05)

              1.19

                (0.69)

               0.14

                  2.94

            0.01


                  3.24

           (2.16)

                  3.19

               1.08

                (6.01)

             1.44

ii) Items that will be reclassified to profit or loss







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

                  1.55

           (0.05)

                  2.67

               1.50

                  1.83

            2.62

Tax impact of above item

                (0.39)

0.01

                (0.67)

             (0.38)

                (0.46)

         (0.66)


                  1.16

           (0.04)

                  2.00

               1.12

                  1.37

            1.96

Other Comprehensive Income (Net of tax) (B)

                  4.40

           (2.20)

                  5.19

               2.20

                (4.64)

            3.40

Total Comprehensive Income (A+B)

              192.74

         301.54

              174.58

           494.28

              397.06

        622.91

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

                92.16

92.16

                92.16

92.16

92.16

92.16

Reserves excluding Revaluation Reserves






11110.08

Earnings per share (Basic & Diluted) (not annualised for the quarter and year to date end) - Rs.

                  2.04

              3.30

                  1.84

              5.34

                  4.36

            6.72



Notes:

1.     For the quarter, Revenue from operations at Rs 1988 crores increased by 14% over corresponding quarter of the previous year driven by growth in branded business. Profit before tax at Rs 249 crores is higher by 8% as compared to corresponding quarter of previous year mainly on account of growth in revenue and lower exceptional items partly offset by higher spends behind brands. Profit after tax is also higher by 11% over the corresponding quarter of previous year.

 

2.     During the quarter ended September 30, 2021, the Company's performance was not adversely impacted by the Covid pandemic. There can be future business uncertainties depending on developments in relation to the pandemic, which could include market closures, supply constraints and commodity cost volatility.

 

3.     Exceptional item for the current quarter primarily represents redundancy cost of Rs 6 crores. Exceptional item for the corresponding quarter of previous year represents costs relating to the business integration of foods business of Rs 10 crores and redundancy costs of Rs 9 crores.

 

 

 

 

 

 

 

 

 

 

Sunil D'Souza

Managing Director and CEO

Mumbai: October 22, 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

Unaudited Statement of Assets and Liabilities as at September 30, 2021

                 Rs. In Crores


September 30 2021

March 31 2021


Unaudited

Audited

ASSETS



Non-Current Assets



Property, Plant and Equipment

292.69

258.30

Capital work-in-progress

9.50

46.46

Right of Use Assets

216.39

224.64

Goodwill

3578.51

3578.51

Other Intangible Assets

2507.19

2509.90

Intangible Assets under development

9.85

16.44

Financial Assets



Investments

2825.22

2605.19

Loans

20.00

21.71

Other Financial Assets

111.05

103.59

Non-Current Tax Assets (Net)

112.37

122.61

Other Non-Current Assets

89.47

88.91


9772.24

9576.26

Current assets



Inventories

1329.67

1408.37

Financial Assets



Investments

138.27

287.77

Trade Receivables

217.82

257.23

Cash and Cash Equivalents

344.41

644.74

Other Bank Balances

1277.35

968.95

Loans

88.80

3.79

Other Financial Assets

68.70

31.57

Other Current Assets

277.28

253.08


3742.30

3855.50

TOTAL ASSETS

13514.54

13431.76

EQUITY AND LIABILITIES



Equity



Equity Share Capital

92.16

92.16

Other Equity

11252.99

11131.94

TOTAL EQUITY

11345.15

11224.10

Non-Current Liabilities



Financial Liabilities



Lease Liability

210.99

215.30

Other Financial Liabilities

80.56

76.20

Provisions

155.80

148.21

Deferred Tax Liabilities

429.07

367.55


876.42

807.26

Current Liabilities



Financial Liabilities



Lease Liability

28.69

28.94

Trade Payables



Total outstanding dues of Micro enterprises
 and Small enterprises

12.76

13.96

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

1006.95

1088.67

Other Financial Liabilities

67.93

81.93

Other Current Liabilities

88.83

99.73

Provisions

82.68

82.04

Current Tax Liabilities (Net)

5.13

5.13


1292.97

1400.40

TOTAL EQUITY AND LIABILITIES

13514.54

13431.76

 



 

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

Unaudited Standalone Statement of Cash Flows for the six months ended September 30, 2021

                 Rs. In Crores


Particulars

 September 30,
2021

 September 30,
2020

A.

Cash  Flow  from  Operating  Activities




Net Profit before Tax

626.44

544.96


Adjusted  for  :




Depreciation and Amortisation

70.97

60.43


Dividend Income

(130.80)

(38.14)


Unrealised Exchange (Gain) / Loss

(0.08)

0.54


Finance Cost

15.31

12.99


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

(4.41)

(4.35)


Interest Income

(37.80)

(28.56)


Profit on sale of current investments (net)

(4.14)

(8.16)


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

-

15.80


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

0.51

0.23


Exceptional Items

7.19

40.30


Operating Profit before working capital changes

543.19

596.04


Adjustments for:




Trade Receivables & Other Assets

(20.76)

(4.52)


Inventories

78.70

(762.01)


Trade payables & Other Liabilities

(111.69)

473.79


Cash generated from Operations

489.44

303.30


Direct Taxes paid (net)

(76.22)

(0.45)


Net  Cash  from/(used in)  Operating  Activities

413.22

302.85

B.

Cash  Flow  from  Investing  Activities




Payment for  Property, Plant and Equipment and Intangibles

(41.29)

(41.45)


Sale of Property, Plant and Equipment

0.33

0.03


Investment in Associate

(150.00)

-


Acquisition of a Subsidiary

-

(13.00)


Investment in Joint Ventures

(61.00)

(97.50)


Dividend Income received

130.80

38.14


Interest Income received

29.47

26.70


(Purchase) / Sale of Current Investments (net)

153.64

538.92


(Placement) / Redemption Fixed deposits (net)

(306.30)

(366.77)


Inter Corporate Deposits and Loans (net)

(83.25)

(3.00)


Net  cash from / (used in) Investing  Activities

(327.60)

82.07

C.

Cash  Flow  from  Financing  Activities




Working Capital facilities (net)

-

4.50


Payment of Lease Liabilities

(15.52)

(13.41)


Dividend paid

(373.23)

(248.82)


Finance Cost paid

(10.58)

(8.43)


Refund of Dividend Distribution Tax paid in an earlier year

13.38

-


Net Cash from / (used in) Financing  Activities

(385.95)

(266.16)


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

(300.33)

118.76


Opening balance of Cash & Cash equivalent

644.74

243.24


Closing Cash & Cash Equivalent

344.41

362.00

 

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