Packaged Foods company Tata Consumer Products announced FY23 & Q4FY23 results: Consolidated FY23: Revenue at Rs 13,783 crore, up 11% EBITDA at Rs 1,874 crore, up 7% Net profit at Rs 1,320 crore grew by 30% Consolidated Q4FY23: Revenue from operations for Q4FY23 at Rs 3,619 crore, up 14% EBITDA for Q4FY23 at Rs 518 crore grew by 13% Net profit for Q4FY23 at Rs 290 crore grew by 21% Sunil D’Souza, Managing Director & CEO of Tata Consumer Products, said “We delivered strong topline growth of 11% while balancing margins in an extremely volatile macro environment this fiscal. Importantly, we delivered a strong earnings growth of 28%. During the quarter, we saw early signs of green shoots in our branded tea business, with the interventions we put in place starting to yield positive results. In our other core business of salt, we continued to execute strongly and have gained market share despite pricing actions taken to mitigate inflation. Our innovation across categories has picked up pace significantly with the number of new product launches in FY23 being almost 2X of FY22. Our growth businesses (Tata Sampann, Tata Soulfull, and NourishCo) continued their strong growth trajectory and have increased their salience significantly over the past couple of years, accounting for 15% of India business this fiscal. Tata Starbucks recorded a strong performance, hitting a 4-digit topline along with achieving its highest-ever number of annual store additions. We reached new milestones in our Sales & Distribution expansion and are on track to achieving a total reach of 4 million outlets by this year as per our earlier guidance. We are embedding digital transformation across the business and will be using this to drive decision-making in areas such as new product development, procurement, and revenue growth management. Our transformation journey to becoming a leading FMCG company is on track and we will continue to stay focused on driving profitable growth along with building futureready capabilities.” Result PDF