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Tata Group's consumer staples arm, selling Tata Tea, Tetley tea, Tata Salt and packaged foods, expanding into new FMCG categories.
Tata Group's consumer staples arm, selling Tata Tea, Tetley tea, Tata Salt and packaged foods, expanding into new FMCG categories.
Sells packaged staples through distributors and retailers, with India the main market and Tetley carrying tea sales in the UK and US. Formed in 2020 when Tata Global Beverages absorbed Tata Chemicals' consumer-products arm, which brought Tata Salt, then added Capital Foods and Organic India. Tata Sons and Tata group companies are the controlling holders.
In one line: India's Kraft Heinz/Hain Celestial hybrid.
Moat: narrow (brand, distribution, scale). Trusted Tata brand plus market-leading positions in tea and salt built over decades of distribution investment.
Headquarters: Mumbai, India · Founded: 1964 · Employees: 23,639
Size Tata Consumer Products (TATACONSUM.NS) is an India Consumer Staples company (Food: Specialty/Candy) with a market value of $11.4B, the 107th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,086 on 6 Nov 2026.
Performance Over six months the shares fell 5.7%, against +1.2% for the median peer and 0.0% for the India market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 14.7% over the last twelve months (peer median +5.9%); the operating margin is 11.0% (peer median 11.2%).
Valuation It trades at 55.5× forward earnings against a peer median of 17.6× (most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 43% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +31 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.9 points below its cost of capital (15.4% WACC).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹216B | ₹202B | ₹176B | ₹151B | ₹137B |
| Revenue growth | — | +15% | +16% | +10% | — |
| Gross profit | ₹66.3B | ₹55.9B | ₹50.4B | ₹44.8B | ₹38.5B |
| EBITDA | ₹30.2B | ₹27.2B | ₹23.5B | ₹22.2B | ₹17.9B |
| Net income | ₹17.0B | ₹15.4B | ₹12.8B | ₹11.5B | ₹12.0B |
| Free cash flow | n/a | ₹19.7B | ₹14.5B | ₹16.7B | ₹11.9B |
| Capital expenditure | n/a | ₹4.49B | ₹4.60B | ₹3.35B | ₹3.12B |
| Total debt | ₹25.0B | ₹28.2B | ₹23.9B | ₹34.8B | ₹16.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Tata Consumer Products TATACONSUM.NS | $11.4B | -6% | +15% | 11% | 55.5× | 42.8% |
| Hindustan Unilever HINDUNILVR.NS | $49.6B | -12% | +6% | 21% | 41.5× | 27.2% |
| Nestle India NESTLEIND.NS | $26.0B | -13% | +22% | 21% | 59.4× | 36.6% |
| Marico MARICO.NS | $12.3B | +8% | +20% | 16% | 51.8× | 28.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | TATACONSUM.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +12.2% | +4.8% | 3rd highest of 21 |
| 6-month return | -5.7% | +1.2% | 8th lowest of 21 |
| Distance from 52-week high | -15.3% | -18.2% | 9th highest of 21 |
| Revenue growth (TTM) | +14.7% | +5.9% | 3rd highest of 21 |
| Operating margin | 11.0% | 11.2% | 10th lowest of 21 |
| Forward P/E | 55.5× | 17.6× | most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 42.8% | 3.2% | most demanding of 18 |
| Growth delivered (Del g) | +11.8% | +8.1% | 4th highest of 18 |
| Hurdle (Req g minus delivered) | +30.9 pp | -8.5 pp | most demanding of 18 |
| ROIC minus cost of capital | -7.9 pp | +3.6 pp | lowest of 21 |
| EV / EBITDA | 35.8× | 11.4× | most expensive of 20 |
| Net debt / EBITDA | -0.2× | 1.1× | 4th least indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tata Consumer Products TATACONSUM.NS | India | $11.4B | -6% | +15% | 11% | 55.5× | 42.8% | +11.8% |
| Kikkoman 2801.T | Japan | $10.9B | +24% | +9% | 11% | 24.8× | 8.8% | +11.2% |
| Orkla ORK.OL | Norway | $10.8B | -6% | 0% | 10% | 15.5× | -1.1% | +8.7% |
| Britannia Industries BRITANNIA.NS | India | $12.1B | -18% | +7% | 17% | 41.7× | 28.9% | +7.8% |
| McCormick & MKC | United States | $13.0B | 0% | +13% | 17% | 15.9× | 3.2% | +4.1% |
| J.M. Smucker Company (The) SJM | United States | $13.9B | +33% | +5% | 19% | 12.9× | -7.1% | +2.5% |
| Barry Callebaut BARN.SW | Switzerland | $8.33B | +5% | +9% | 5% | 23.7× | -8.4% | +16.5% |
| Darling Ingredients DAR | United States | $7.92B | -20% | +16% | 9% | 7.3× | 9.0% | +11.4% |
| Lamb Weston LW | United States | $7.61B | +31% | +3% | 10% | 16.6× | 4.0% | +12.5% |
| Meiji 2269.T | Japan | $7.35B | +14% | +4% | 8% | 17.2× | n/a | n/a |
| Campbell's CPB | United States | $6.90B | +11% | -5% | 11% | 13.7× | -3.6% | +2.8% |
| Toyo Suisan Kaisha 2875.T | Japan | $6.74B | -4% | +7% | 17% | 14.5× | -5.0% | +9.5% |
| Ingredion INGR | United States | $5.78B | -15% | -1% | 12% | 9.7× | -7.8% | +3.8% |
| Nissin Foods 2897.T | Japan | $5.73B | +9% | +5% | 6% | 17.9× | n/a | n/a |
| Balchem BCPC | United States | $5.54B | +8% | +9% | 22% | 30.9× | 14.5% | +8.1% |
| Chocoladefabriken Lindt & Spruengli LISN.SW | Switzerland | $24.6B | -8% | +4% | 16% | 28.2× | 3.4% | +8.1% |
| Ajinomoto 2802.T | Japan | $25.3B | -16% | +7% | 11% | 29.4× | 19.2% | +8.1% |
| Yamazaki Baking 2212.T | Japan | $5.08B | +21% | +5% | 5% | 18.0× | -3.3% | +5.3% |
| Sensient Technologies SXT | United States | $5.07B | +1% | +10% | 15% | 25.0× | n/a | n/a |
| Angel Yeast 600298.SS | China | $4.97B | +2% | +15% | 11% | 19.1× | 4.1% | +13.4% |
| Aak AAK.ST | Sweden | $4.88B | -30% | -1% | 10% | 13.6× | -6.0% | +10.5% |