Tata Consumer Products Ltd.revenue +14%, EBITDA +18%, growth brands +40%

Tata Consumer Products' Q2 FY27 call, held on 26 October 2026, reported consolidated revenue up 14% (11% in constant currency) and EBITDA up 18%, with margin up 40 basis points to 14% and net profit of ₹470 crore, up 16%.

Growth businesses rose 40% to close to ₹1,400 crore and now make up 38% of India sales, led by Sampann at +57% and ready-to-drink at +47%. India salt grew 15% on 9% volume after price rises, while India tea and coffee fell 1% with flat tea volume as price increases of 8% to 10% have yet to flow fully into earnings. International grew 7% but fell 2% in constant currency on a UK heat wave and a port strike, though margins were strong.

Starbucks revenue rose 15%. Management kept its 30%-plus growth-business guidance, expects margin expansion to continue, and aims for a 17% to 20% EBITDA margin in about three years. Of 20 earlier promises, 5 were met or beaten, 9 are on track, 1 is partly met, 1 was missed and 4 were not mentioned.