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 nine months ended December 31, 2021

                 Rs. In Crores

Notes:

1.   For the quarter, Revenue from operations increased by 5% (4% in constant currency) as compared to corresponding quarter of the previous year. Profit before exceptional items and tax at Rs 401 Crores is higher by 34%. Group Consolidated Net Profit at Rs 290 Crores is higher by 22%.

2.   Exceptional item for the current quarter of Rs 13 Crores mainly represent costs relating to the business restructure and redundancy.  Exceptional item for the corresponding quarter of the previous year mainly represent costs relating to the business integration in India of Rs 6 Crores.

3.   During the quarter, the Parent Company has acquired:

(a)  100% equity of Tata SmartFoodz Limited, pursuant to a share purchase agreement, on November 16, 2021. The acquisition will add Ready-to-Eat packaged food products under the brand 'Tata Q' in its portfolio and a manufacturing facility for expansion in food products;

(b)  control of TRIL Constructions Limited, consequent to a revised shareholder agreement which converted the associate into a subsidiary with effect from November 17, 2021.

4.   During the quarter ended December 31, 2021, Group's performance experienced some adverse impact due to Covid pandemic. There can be future business uncertainties depending on developments in relation to the pandemic, particularly those arising from third wave in India, which could include market closures, supply constraints and commodity cost volatility.

5.   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 February 02, 2022 and subsequently taken on record by the Board of Directors at its Meeting held on February 02, 2022. The Statutory Auditors of the Company have conducted limited review on these results.

8.   The Consolidated and Standalone result for the quarter and nine months ended December 31, 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: February 02, 2022

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 nine months ended December 31, 2021

                 Rs. In Crores

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 & Water and sale of food products 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 Standalone Financial Results for the quarter and nine months ended December 31, 2021

                 Rs. In Crores

Notes:

1.     For the quarter, Revenue from operations at Rs 2030 Crores increased by 3% over corresponding quarter of the previous year driven by growth in branded business. Profit before tax at Rs 252 Crores is higher by 43% as compared to corresponding quarter of previous year mainly on account of revenue growth and improved gross margin which has been partly offset by higher spends behind brands. Profit after tax is higher by 38% over the corresponding quarter of previous year.

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

3.     During the quarter, the  Company has acquired:

(c)   100% equity of Tata SmartFoodz Limited, pursuant to a share purchase agreement, on November 16, 2021. The acquisition will add Ready-to-Eat packaged food products under the brand 'Tata Q' in its portfolio and manufacturing facilities for expansion of the foods business;

(d)  control of TRIL Constructions Limited, consequent to a revised shareholder agreement which converted the associate into a subsidiary with effect from November 17, 2021.

4.     During the quarter ended December 31, 2021, Company's performance experienced some adverse impact due to Covid pandemic. There can be future business uncertainties depending on developments in relation to the pandemic, particularly those arising from the third wave in India, which could include market closures, supply constraints and commodity cost volatility.

5.     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.

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 February 02, 2022 and subsequently taken on record by the Board of Directors at its meeting held on February 02, 2022. The Statutory Auditors of the Company have conducted limited review on these results.

Sunil D'Souza

Managing Director and CEO

Mumbai: February 02, 2022