Tata Consumer Products Files FY26 Annual Report; 63rd AGM on June 10, 2026 with Rs. 10 Dividend

Tata Consumer Products Limited has filed its Integrated Annual Report for FY 2025-26 under Regulation 34(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the National Stock Exchange of India Limited, BSE Limited, and The Calcutta Stock Exchange Limited. The filing, dated May 17, 2026, and signed by Company Secretary & Compliance Officer Delnaz Dara Harda (Membership No.: ACS 73704), was made in furtherance of the Company's earlier communication regarding its 63rd Annual General Meeting scheduled for Wednesday, June 10, 2026. The Integrated Annual Report, which includes the Notice of the 63rd AGM and other Statutory Reports, has been dispatched electronically to members with registered email addresses and is accessible on the Company's website at https://www.tataconsumer.com/investors/investor-information/annual-reports . This represents the ninth year of Tata Consumer Products Limited's journey of integrated thinking and disclosure.

Key AGM and Dividend Dates

The company has outlined the following critical timeline for the dividend distribution and AGM process:

Event: Details 63rd AGM Date: June 10, 2026 AGM Time: 10:30 a.m. (IST) AGM Mode: Video Conference / Other Audio Visual Means Record Date: May 25, 2026 Dividend Per Share: Rs. 10 (face value Re. 1 each, 1000%) Financial Year: Ended March 31, 2026 Dividend Payment Start Date: On or after June 15, 2026 Cut-off Date for E-Voting: June 3, 2026 E-Voting Start: June 6, 2026, 9:00 a.m. (IST) E-Voting End: June 9, 2026, 5:00 p.m. (IST)

The Board has recommended a dividend of Rs. 10 per equity share of face value Re. 1 each (1000%) for the financial year ended March 31, 2026, subject to shareholder approval at the AGM. If approved, the dividend would result in a cash outflow of Rs. 989.56 Crores, representing 60.52% of the Company's standalone net profit for the year. Members holding shares as on Monday, May 25, 2026 (Record Date) will be eligible for the final dividend. Entitlement will be determined based on beneficial ownership as per records of NSDL and CDSL for electronic holdings, and after giving effect to valid transmission or transposition requests for physical holdings.

FY 2025-26 Financial Performance

Tata Consumer Products crossed the historic revenue threshold of Rs. 20,000 Crores in FY 2025-26. The following table summarises key consolidated and standalone financial highlights:

Metric: FY 2025-26 FY 2024-25 YoY Change Consolidated Revenue from Operations: Rs. 20,290 Crores Rs. 17,618 Crores +15% EBITDA: Rs. 2,815 Crores Rs. 2,502 Crores +12% EBITDA Margin: 13.9% 14.2% -30 bps Profit Before Exceptional Items and Tax: Rs. 2,193 Crores Rs. 1,782 Crores +23% Group Net Profit: Rs. 1,547 Crores Rs. 1,287 Crores +20% Earnings Per Share (Basic): Rs. 15.59 Rs. 13.60 +19% Net Cash Position: Rs. 2,978 Crores — — Standalone Revenue from Operations: Rs. 14,700 Crores Rs. 12,801.85 Crores +15% Standalone Profit After Tax: Rs. 1,635 Crores Rs. 1,254.75 Crores +30%

India Branded Business reported revenue growth of 14%, while growth businesses — comprising Tata Sampann, Ready-to-Drink, Tata Soulfull, Vending, Capital Foods and Organic India — grew 24%, contributing 31% to India Branded Business revenue. International Business revenue grew 16% (9% in constant currency), and Non-Branded Business delivered strong growth of 25% (23% in constant currency). New-age channels contributed 41% of India business revenue, with E-commerce including Quick Commerce growing 62% and contributing 19% to revenue.

Business Highlights

Tata Sampann crossed the Rs. 1,500 Crores revenue milestone, growing 46% with a 34% CAGR over five years. Tata Starbucks crossed 500 stores in India, with 502 stores across 80 cities. The Tea and Coffee Vending business crossed Rs. 100 Crore ARR (Q4 exit). The Company launched 80 new products during FY 2026, achieving an Innovation to Sales ratio of 4.5%. Coffee delivered 43% revenue growth in India, while India Salt strengthened market leadership with approximately 100 bps market share gain. Premium salt ended the year with Rs. 300+ Crore, mainly driven by rock salt contributing Rs. 100+ Crores.

AGM Business: Ordinary and Special Resolutions

The AGM agenda covers both ordinary and special business. Under ordinary business, shareholders will consider adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, declaration of the final dividend, and the re-appointment of Mr. Ajit Krishnakumar (DIN: 08002754), Executive Director & Chief Operating Officer, who retires by rotation under Section 152(6) of the Companies Act, 2013. Under special business, shareholders will vote on the re-appointment of Dr. K. P. Krishnan (DIN: 01099097) as a Non-Executive Independent Director for a second term of five years commencing from October 22, 2026 to October 21, 2031, and the ratification of the remuneration of Rs. 6,00,000 (Rupees Six Lakhs only) plus applicable taxes payable to M/s. Shome & Banerjee, Cost Accountants (Firm Registration Number 000001), as Cost Auditors for FY 2026-27.

Director Profiles

The following table summarises key details of the directors seeking re-appointment:

Parameter: Ajit Krishnakumar Dr. K. P. Krishnan DIN: 08002754 01099097 Designation: Executive Director & COO Non-Executive, Independent Director Age: 49 years 66 years First Appointment: November 1, 2023 October 22, 2021 Board Meetings Attended (FY 2025-26): 6 out of 6 6 out of 6 Shareholding: NIL NIL Term: Up to October 31, 2028 October 22, 2026 to October 21, 2031 (proposed)

Mr. Krishnakumar joined the Tata Group in 2013 and has been with Tata Consumer Products since 2020, overseeing Business Integration & Transformation, Integrated India Operations, and B2B Businesses. Dr. K. P. Krishnan served in the Indian Administrative Service (IAS) for 37 years and has held senior positions in the Government of Karnataka, Government of India, and at the World Bank. The Board has recommended his re-appointment based on a performance evaluation conducted by the Nomination and Remuneration Committee.

Tax Deduction at Source (TDS) Framework

The dividend payment is subject to tax deduction at source under the Indian Income Tax Act, 2025. Key TDS provisions are summarised below:

Category: TDS Rate / Requirement Resident shareholders (valid PAN, dividend > INR 10,000): 10% Resident shareholders (invalid/inoperative/absent PAN): 20% Insurance companies, mutual funds, Category I/II AIFs (SEBI registered): Nil TDS (on submission of requisite declarations) Non-resident shareholders: As per DTAA or applicable rates (TRC and Form 41 required) TDS form submission deadline: May 25, 2026, up to 7:00 p.m. (IST)

Resident individuals seeking exemption may submit Form 121 (erstwhile Form 15G/15H). Non-resident shareholders must submit a No Permanent Establishment Declaration, Beneficial Ownership Declaration, Tax Residency Certificate, and a copy of electronically filed Form 41 (erstwhile Form 10F). The company will email a soft copy of the TDS certificate to shareholders at their registered email ID post-payment.

E-Voting and Shareholder Participation

The remote e-voting period commences on Saturday, June 6, 2026, from 9:00 a.m. (IST) and ends on Tuesday, June 9, 2026, at 5:00 p.m. (IST). The e-voting event number (EVEN) is 139309, hosted on the NSDL platform. Members holding shares as on the cut-off date of Wednesday, June 3, 2026, are eligible to vote. The Board has appointed Dr. Asim Kumar Chattopadhyay (FCS 2303, CP 880) as Scrutinizer, and failing him, Mr. Pratap Kumar Chakravarty (Membership No. ACS 4680 & CP No. 15586), to scrutinize the e-voting process. Members wishing to register as speaker shareholders may send their request to AGM2026@tataconsumer.com from June 3, 2026 (9:00 a.m. IST) to June 5, 2026 (5:00 p.m. IST). Members who have not registered their email addresses are requested to do so with the Company's Registrar & Transfer Agent, MUFG Intime India Private Limited, or their respective Depository Participant, on or before Friday, June 5, 2026.

Source: None/Company/INE192A01025/652a559e-2ae1-4271-a71d-0691225912e5.pdf

Tata Consumer Products Limited has released its audited consolidated and standalone financial results for the quarter and financial year ended March 31, 2026. The results were published in compliance with Regulation 33 and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and were signed off by Managing Director and CEO Sunil D'Souza on May 08, 2026. Following the results, the MD reaffirmed double-digit revenue growth ahead for the company, while management shared its comprehensive FY27 outlook on a concall. Leading global brokerages CLSA and Goldman Sachs also reaffirmed their bullish stance on the stock, citing strong operational performance and healthy volume growth.

Management Guidance (FY27 Concall)

Management provided a comprehensive set of forward-looking operational targets during the post-results concall. The MD assured double-digit revenue growth ahead, with the company expecting full-year EBITDA margin expansion of 50 to 75 basis points for FY27, acknowledging quarterly seasonality, with EBITDA expected to grow ahead of topline.

Key guidance parameters shared by management are summarised below:

Parameter: Guidance FY27 EBITDA Margin Expansion: 50–75 bps Topline Growth Target: Double-digit EBITDA Growth vs Topline: EBITDA to grow ahead of topline Tea Prices Outlook: Largely benign for the year ahead US Coffee Margins: Expected to improve as current inventory cycles through A&P-to-Sales Ratio (Normalised): 7.5%–8.5% NourishCo & Growth Businesses Growth: ~30% in the near term Sampann Margins Target: Heading towards mid-teens

Analyst Views

CLSA has maintained an Outperform rating on Tata Consumer Products with a target price of ₹1337, driven by strong Q4 sales and EBITDA growth that beat estimates. The brokerage highlighted healthy 16% India volume growth, strong traction in Salt and Sampann brands, and rapid 62%+ FY26 growth in quick commerce and ecommerce channels as key growth drivers. Goldman Sachs has maintained a Buy rating with a target price of ₹1450, citing a strong Q4 FY26 beat driven by robust revenue growth and margin expansion. The brokerage noted industry-leading India volume growth of 16%, fast-growing segments contributing over 30% of revenues, and management maintaining FY27 EBITDA margin expansion guidance of 50–75 bps.

Brokerage: Rating Target Price CLSA: Outperform ₹1337 Goldman Sachs: Buy ₹1450

Consolidated Financial Performance

On a consolidated basis, the company reported total income from operations of ₹5433.62 crores for the quarter ended March 31, 2026, compared to ₹5112.00 crores in the preceding quarter ended December 31, 2025, and ₹4608.22 crores in the quarter ended March 31, 2025. For the full financial year ended March 31, 2026, consolidated total income from operations stood at ₹20280.43 crores, against ₹17618.30 crores in the year ended March 31, 2025. EBITDA for Q4 FY26 came in at 7.92b rupees versus 6.21b rupees in Q4 FY25, with the EBITDA margin expanding to 14.57% from 13.47% in the year-ago period, reflecting improved operational efficiency.

The following table summarises key consolidated financial metrics:

Metric: Q4 FY26 Q3 FY26 Q4 FY25 FY26 FY25 Total Income from Operations (₹ Cr): 5433.62 5112.00 4608.22 20280.43 17618.30 EBITDA (b Rupees): 7.92 — 6.21 — — EBITDA Margin (%): 14.57 — 13.47 — — Net Profit (before tax & exceptional items) (₹ Cr): 641.37 562.77 484.38 2192.84 1781.66 Net Profit before tax (after exceptional items) (₹ Cr): 644.17 539.91 529.70 2172.78 1778.55 Net Profit after tax (after exceptional items) (₹ Cr): 424.02 384.52 348.72 1546.80 1287.10 Total Comprehensive Income (₹ Cr): 731.18 465.22 513.04 2387.55 1594.30 Basic EPS (₹): 4.24 3.88 3.49 15.58 13.06 Diluted EPS (₹): 4.24 3.88 3.49 15.58 13.06

Balance Sheet and Leverage Metrics

The consolidated net worth of the company as of March 31, 2026, stood at ₹23188.86 crores, compared to ₹22140.67 crores as of December 31, 2025, and ₹21390.30 crores as of March 31, 2025. Outstanding debt as of March 31, 2026, was ₹2819.51 crores, against ₹2504.37 crores at the end of Q3 FY26 and ₹2392.68 crores as of March 31, 2025. The debt equity ratio remained at 0.12 as of March 31, 2026, compared to 0.11 in the preceding quarter and in the year-ago period.

Key balance sheet and coverage metrics are presented below:

Metric: Q4 FY26 Q3 FY26 Q4 FY25 FY26 FY25 Equity Share Capital (₹ Cr): 88.96 98.95 98.95 98.96 98.95 Securities Premium Account (₹ Cr): 9986.29 9985.00 9981.10 9986.29 9981.10 Reserves excl. Revaluation Reserves (₹ Cr): — — — 21688.57 19902.13 Net Worth (₹ Cr): 23188.86 22140.67 21390.30 23188.86 21390.30 Outstanding Debt (₹ Cr): 2819.51 2504.37 2392.68 2819.51 2392.68 Debt Equity Ratio: 0.12 0.11 0.11 0.12 0.11 Debt Service Coverage Ratio: 14.71 7.90 10.10 10.19 5.79 Interest Service Coverage Ratio: 30.88 18.30 15.48 21.54 8.71

Standalone Financial Performance

On a standalone basis, total income from operations for the quarter ended March 31, 2026, was ₹3591.78 crores, compared to ₹3884.02 crores in Q3 FY26 and ₹3354.18 crores in Q4 FY25. For the full year ended March 31, 2026, standalone total income from operations was ₹14700.05 crores, against ₹12801.85 crores in FY25. Standalone profit before tax for Q4 FY26 stood at ₹421.11 crores versus ₹435.20 crores in Q3 FY26 and ₹356.79 crores in Q4 FY25, while profit after tax for the quarter came in at ₹315.16 crores compared to ₹320.84 crores in Q3 FY26 and ₹278.90 crores in Q4 FY25.

Metric: Q4 FY26 Q3 FY26 Q4 FY25 FY26 FY25 Total Income from Operations (₹ Cr): 3591.78 3884.02 3354.18 14700.05 12801.85 Profit before tax (₹ Cr): 421.11 435.20 356.79 2046.59 1503.24 Profit after tax (₹ Cr): 315.16 320.84 278.90 1635.15 1254.75

Regulatory Disclosures

The results represent an extract of the detailed format of quarterly financial results filed with the stock exchanges under Regulation 33 and Regulation 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The full format of the quarterly financial results is available on the websites of BSE Limited, the National Stock Exchange of India Limited, and the company's own website at www.tataconsumer.com . As noted in the filing, figures for the quarters ended March 31, 2026, and March 31, 2025, are balancing figures between audited figures for the respective full financial years and year-to-date reviewed figures up to the third quarter of the relevant financial year.