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Tata Consumer concall was today at 6:30 PM
Tata Products continuous to remain at strong growth and expects to launch new product soon.
Here are the Key takeaways from the earning call
Tata Products continuous to remain at strong growth and expects to launch new product soon.
Here are the Key takeaways from the earning call
Strengthening core business-
• Advertsised in IPL and KBC, branding Tata Gold.
• Launched product poha
Innovation
• Lacunhed Kambucha and and continue growing brand in Tea and Coffee.
• Laucnh Tata Gold Coffee in America.
New engines of growth presented in image
• Advertsised in IPL and KBC, branding Tata Gold.
• Launched product poha
Innovation
• Lacunhed Kambucha and and continue growing brand in Tea and Coffee.
• Laucnh Tata Gold Coffee in America.
New engines of growth presented in image
Strengthening Synergies:
• Common distributors in India for better supply chain.
• Running toward wholesale model to retail model.
• Company has increased the outlet expansion, and have worked on improving the transport and warehousing management system
• Common distributors in India for better supply chain.
• Running toward wholesale model to retail model.
• Company has increased the outlet expansion, and have worked on improving the transport and warehousing management system
Segmental Revenue
• Value Added sales of Salt is up by 110%.
• Q3 Growth of tata Coffe has growth of 32%.
• NourishCo (100% Subsidiary) has seen growth of 109 YoY in this quarter.
• Value Added sales of Salt is up by 110%.
• Q3 Growth of tata Coffe has growth of 32%.
• NourishCo (100% Subsidiary) has seen growth of 109 YoY in this quarter.
Acquisition of Soulfull
• Acquire 100% brand Soulfull from Kottaram Agro Foods Pvt Limited.
• Founder continuous to be remain with the company.
• Soulfull with supply chain of Tata Consumer will have good growth in future
• Acquire 100% brand Soulfull from Kottaram Agro Foods Pvt Limited.
• Founder continuous to be remain with the company.
• Soulfull with supply chain of Tata Consumer will have good growth in future
Geographical revenue share mentoined in image
• Major growth remains India only, while Canada was impacted due to 2nd wave of lockdown. Seen upsurge in this quarter.
• Tetley continuous to be branded product in Canada.
• Little bit impact of Margins in India.
• Major growth remains India only, while Canada was impacted due to 2nd wave of lockdown. Seen upsurge in this quarter.
• Tetley continuous to be branded product in Canada.
• Little bit impact of Margins in India.
Coffee
• Arabica coffee price has seen uptick.
• Continuous to be at 2 digit growth rate.
• Tea price declined bit, which highest decrease in price in South India.
• Growth
6%- plantation
1%- revenue
-3%- extraction
• Extractions business by shortage in shipping containers.
• Arabica coffee price has seen uptick.
• Continuous to be at 2 digit growth rate.
• Tea price declined bit, which highest decrease in price in South India.
• Growth
6%- plantation
1%- revenue
-3%- extraction
• Extractions business by shortage in shipping containers.
Starbucks:
• Opened 13 new stores & entered 3 new cities in Q3, bringing this year store count to 24
• Around 90% of the stores has re-opened
• Dine-in capacity still at 50%
• Increased scale, hence there was leverage of scalability.
• Negotiation of rental space worked well
• Opened 13 new stores & entered 3 new cities in Q3, bringing this year store count to 24
• Around 90% of the stores has re-opened
• Dine-in capacity still at 50%
• Increased scale, hence there was leverage of scalability.
• Negotiation of rental space worked well
Value Added Salt:
• Co. has gain increasing share in salt business, with respect to volume growth.
• There is growth in premium product, however there is growth available in lower margin product as well.
• Co. has gain increasing share in salt business, with respect to volume growth.
• There is growth in premium product, however there is growth available in lower margin product as well.
Covid Impact:
• Covid has seen growth more in home consumption product.
• Hence tea and coffee has seen good consumption growth.
• Premiumization is also improving as people are consuming premium product in home.
• Covid has seen growth more in home consumption product.
• Hence tea and coffee has seen good consumption growth.
• Premiumization is also improving as people are consuming premium product in home.
Starbucks
• This year has been very struggling for Startbucks, while the growth has been growing this quarter.
• EBIDTA was positive was in the last quarter and will continue to grow next quarter
• Plantation was impacted in Q1 and in next quarter segment was was picked up
• This year has been very struggling for Startbucks, while the growth has been growing this quarter.
• EBIDTA was positive was in the last quarter and will continue to grow next quarter
• Plantation was impacted in Q1 and in next quarter segment was was picked up
Market Share:
• Growth in market share was 94 bps.
• While mgmt expects this number to be very small with respect with to external growth.
• Company expects significant growth in coffee category.
• Growth in market share was 94 bps.
• While mgmt expects this number to be very small with respect with to external growth.
• Company expects significant growth in coffee category.
Tea business:
• Growth in tea has been seen in all the geography.
• Hindi speaking region has seen more than double digit growth.
Sampan: Simple formula of distribution. Poha portfolio is seeing 5x growth. For both spices and pulses mgmt expects launch of new product.
• Growth in tea has been seen in all the geography.
• Hindi speaking region has seen more than double digit growth.
Sampan: Simple formula of distribution. Poha portfolio is seeing 5x growth. For both spices and pulses mgmt expects launch of new product.
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