Tata Consumer Products Ltd reported a consolidated revenue growth of 12% for the first quarter of fiscal year 2027. The company's growth businesses saw a 47% year-on-year increase, now accounting for more than one-third of the India business, while EBITDA grew by 19% with margins expanding 70 basis points to 13.6%. India tea volumes increased by 2% but revenue declined 4% due to passing on cost benefits to consumers, and the non-branded business saw a 7% revenue decline. The company launched 14 new products during the quarter and its Starbucks joint venture reported an 11% revenue growth year-on-year.
Starbucks CorporationStarbucks joint venture reported 11% revenue growth, indicating strong performance.
Reported 12% revenue growth, 19% EBITDA growth, and margin expansion.