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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Tata Consumer Products
Tata Consumer Products (TATACONSUM) investor relations material
Tata Consumer Products Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary26 Oct, 2026
Executive summary
Q2 revenue rose 14% YoY to ₹5,661.13 crore; India underlying volume growth was 11%, EBITDA increased 18% to ₹794 crore and margin expanded 40 bps to 14.0%.
Growth was broad-based across Salt, growth businesses, International and Non-Branded; Starbucks delivered 15% revenue growth and a fifth consecutive quarter of positive same-store sales growth.
Financial highlights
Q2 PBT before exceptional items and tax increased 21% to ₹632.28 crore; net profit rose 16% to ₹470.14 crore.
Q2 basic EPS was ₹4.75; adjusted EPS, excluding exceptional items and acquisition-related amortization, was ₹5.18, up 17%.
H1 revenue reached ₹11,010.01 crore (+13%), EBITDA ₹1,523 crore (+18%) and PBT ₹1,224 crore (+24%); adjusted EPS was ₹9.85, up 21%.
Consolidated EBITDA margin expanded 40 bps in Q2 and 50 bps in H1; H1 net profit was ₹897 crore and basic EPS ₹9.06.
Standalone Q2 revenue grew 17% to ₹4,207.50 crore; PBT before exceptional items rose 9% to ₹418.91 crore and PAT was ₹242.81 crore.
Outlook and guidance
Full-year margin expansion guidance remains 50–70 bps; calibrated pricing is expected to flow through from Q3, with YoY margin expansion expected through H2.
Growth categories are expected to grow 30%+ for at least 2–3 years; tea and salt are expected to grow mid- to high-single digits.
Capital Foods and Organic India growth guidance remains 25–30%; management expects a minor Q3 uplift as disrupted shipments catch up.
India food and beverage EBITDA margin is targeted at 17–20% over three years, subject to cost volatility; further salt price increases were implemented in October.
Strategic priorities include strengthening core brands, scaling growth businesses, building new opportunities and advancing execution, digital, innovation and sustainability capabilities.
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Latest events from Tata Consumer Products
- Net profit rose 29% to ₹427 crore on 12% revenue growth, driven by new and branded businesses.TATACONSUM
Q1 26/27 - Q4 revenue up 18% YoY, EBITDA margin expanded, and Rs 10 dividend recommended.TATACONSUMQ4 25/26
- 15% revenue and 26% EBITDA growth, with strong innovation and profit expansion.TATACONSUMQ3 25/26
- Q2FY26 revenue up 18% YoY, net profit up 11%, driven by India and growth businesses.TATACONSUMQ2 25/26
- Revenue up 10% YoY, but margins declined due to higher tea and coffee costs.TATACONSUMQ1 25/26
- Q2 revenue up 13% YoY, margin pressure from tea costs, now debt-free and net cash positive.TATACONSUMQ2 24/25
- 16% revenue growth and 23% EBITDA rise, but net profit fell on acquisition-related costs.TATACONSUMQ1 24/25
- FY25 revenue up 16% with robust India Foods growth, margin pressure, and Rs 8.25 dividend.TATACONSUMQ4 24/25
- Revenue up 17% YoY, but net profit down 6% as tea and acquisition costs weighed on margins.TATACONSUMQ3 24/25
Next Tata Consumer Products earnings date
Q3 26/2726 Jan, 2027
Tata Consumer Products
Next Tata Consumer Products earnings date
Q3 26/2726 Jan, 2027
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Frequently asked questions
Tata Consumer Products Limited is an Indian consumer goods company engaged in the production and distribution of food and beverage products. Its portfolio includes tea, coffee, bottled water, packaged foods, and health-oriented products, marketed under several proprietary and joint venture brands. The company operates in domestic and international markets. Tata Consumer Products Limited is headquartered in Mumbai, India, and its shares are listed on the NSE.