Tata Consumer's India foods business continues double digit growth

The business saw a volume growth of 4 percent with a 50 bps increase in salt market share.

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26 Aug, 2025 12:21

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Tata Consumer Products Ltd’s (TCPL) India Foods business grew 20 percent in the last quarter of FY24, continuing its double-digit growth trajectory.

The business witnessed a volume growth of 4 percent with a 50 bps increase in salt market share. The food business LFL (Like for Like) revenue grew 11 percent. Like for like (LFL) growth is a measure of growth in sales, adjusted for new or divested businesses. (LFL Revenue Growth excludes Capital Foods. Volume growth also excludes Capital Foods.)

For e-commerce, the India Foods business saw a 70 percent YoY growth in FY24.

Salt revenue increased by 5 percent in the quarter driven by a 3 percent rise in volume and favorable product mix. Throughout FY24, salt revenues rose by 9 percent, with a volume increase of 4 percent. As part of the company's focus on premiumization, value-added salts experienced a 34 percent growth in FY24, comprising 9 percent of the India salts business. Salt touched its highest-ever market share of 39.9 percent in Feb-Mar’24.

The Tata Sampann portfolio recorded a robust growth of 42 percent for the quarter. The full-year revenue growth for Tata Sampann was 45 percent. Tata Soulfull grew 42 percent in FY24.

Tata Simply Better (plant based meat) introduced three new products- keema, biryani and chunks.

Capital Foods’ products are now available at 95 percent of TCPL distributors.

On April 23, the company reported a net profit of Rs 217 crore for the fiscal fourth quarter, a fall of 19 percent from the year-ago period. Revenue increased 8.5 percent to Rs 3,927 crore in the three months ended March 31, Tata Consumer said in an exchange filing.