The comments of D’Souza are sharp unlike their industry colleagues. All companies have so far announced their December-Wriend-Earnings-from Hindustan Unilever Limited to Dabur India Limited-Ne-Nar continuous high inflation and low wage hike expressed concern over restraint in urban demand. According to companies, consumers have started buying small packs of premium products to manage their budget.
However, the TCPL chief attributed the improvement in his distribution network directly to reach 1.8 million outlets and the increased stake of e-commerce reflects changes in consumer purchasing behavior, as some major factors behind the impressive volume number.
E-commerce increased by 59% in the third quarter, now contributed 15% of the total sales with the channel, slightly beyond modern trade, he said.
Tea, which is the main occupation of the company, saw an increase in the amount of 7% – a multi -quarter high -and revenue increase of 10% despite the price increase. D’Souza is expected to increase the middle—-paths in its beverage segment.
The salt, its other main sections, saw a revenue growth of 7%operated by pricing and increase in modest amounts. Among other businesses, the ready-to-drink business, including brands such as Tata Glucco+ and Tata Tea Fusion, recorded an increase of 14% during the quarter, even a decline of 2% in revenue Came because the company said that it has stopped the competition. From a new entry.
Earlier this year, Reliance Industries entered the rehydration market with the launch of Rusc Gluco Energy, which is electrolytes, glucose and genuine lemon juice worth Rs 10. “We have matched that price, we will ensure that we will build back speed, we will ensure that we build back the speed,” he said.
Except for capital food items, food business revenue increased by 11%. Tata Sampan continues her strong performance with 23% increase
However, the owner of the Tata Salt recorded a flat net profit for Rs 278.8 crore, affected by inflation and high interest costs in the tea business. Margin from 15% to 12.7% a year ago.
He said, “The EBITDA margin integrated for the quarter will expand at least 75–100 BPS,” he said, “Considering the general India tea margin (similar to the Q3 FY24),” he said.
So far, the company has increased the prices of tea by about 10%, which is undergoing 40% of its cost to customers. The remaining 60% will be slowly passed.
TCPL said that this volume will continue to grow growth. This expects a full impact of the price hike during the quarter to play in the next quarter.
(Tagstotransite) Tata Consumer Products Limited
