Thread by @gvkreddi

#TataConsumer Q4FY21 - Thread

#Q4FY21 Revenue: 3037cr, up 26% yoy
Contribution:
India Beverages:1205cr; Rev. growth: 60%; Vol growth: 23%
India Foods: 641cr; 22%; 18%
US Coffee: 313cr; 5%; -2%
Int. Tea: 515cr; 2%; -7%
Foodservice: 47cr; -34%; -18%
Tata Coffee: 280cr; 31%; 31%

Financials:
Revenue:⬆️26%, 3037cr
EBITDA:⬆️1%, 317cr
EBITDA Mar: 10.4%;⬇️260bps
PBT:⬆️6% at 262cr
PBT Mar: 8.6%;⬇️170bps
Cons.PAT:⬆️161% at 74cr; +750bps Margin
EPS:⬆️170bps, at Rs.0.58
Net cash: 2421cr
Dividend: 4.05/share
India business good, Intl biz soft, tea inflation high.

Portfolio:
India
Tata Salt: Largest salt brand
Tata Tea: 2nd Largest tea brand
Himalayan: #1 natural mineral water brand
Tata Sampann: Leading brand in pulses.

International
8oclock: 4th largest R&G coffee brand in USA
Tetley Tea: 4th largest tea brand in UK & largest in Canada.

Reach
: ~200mn households in India
: distribution to ~2.4mm retail outlets
: ~2900 employees worldwide
: 2000+ rural distributors
: 3X ⬆️territory sales officers

Channel growth
Modern Trade:⬆️31% yoy
Ecomm:⬆️130% yoy (5.2% of total sales)

Mkt Share: Salt⬆️160bps; Tea⬆️190bps

Biz performance

India Packaged Beverages:
FY21 Mkt Share⬆️100bps
Q4 Revenue⬆️53%; Volume⬆️23%
FY21 Revenue⬆️31%; Volume⬆️12%
Coffee: Q4FY21 Revenue⬆️36%; Volume⬆️19%

- Q4 margin impact due to tea inflation & increased advertising & promotion investment.
- Volume growth robust.

India Foods
FY21 Revenue⬆️18%; Volume⬆️11%
Mkt share⬆️180bps

Salt Revenue
Q4⬆️26%; FY21⬆️17%
Premiumization to continue; salt portfolio 75% growth

Tata Sampann Revenue
Q4⬆️2%; FY21⬆️26%
Affected by pulse inflation
Launched five products in Ready-to-cook portfolio

NourishCo (100% Subsidiary from May 2020)

Q4 Revenue⬆️86%
FY21 Revenue⬆️4%, 188cr
Biz impacted by lockdowns & low Out-Of-Home consumption.
Ecommerce initiatives for Himalayan on Big Basket & listing on Amazon.
Good response for new product - Fruski, launched in Hyd & Vizag

Tata Starbucks (JV)

+39 new stores in 7 new cities in Q4
7 All women stores in FY21
Total 221 stores, operating in 18 cities

Q4 Rev.⬆️14%; 94% stores reopened
FY21 Rev⬇️33%, due to low OOH consumption
Trying new formats– drive through, small stores for delivery & takeaways.

Tata Coffee (58% Subsidiary)

Revenue comes from Extractions & Plantations
Q4 Rev.⬆️30%; FY21 Rev.⬆️14%; EBIT⬆️69%
Higher realizations in plantations & Cost optimization
FY21 overall extraction biz⬆️12%
Vietnam plant running at peak capacity, recording highest ever sales in Q4.

International Biz

UK:
Q4 Rev.⬇️10%; FY21 Rev.⬆️2%
Black tea mkt share: 20%

US:
Coffee: Q4 Rev.⬆️3%; FY21 Rev.⬆️9%; Vol.⬆️7%
Coffee bags mkt share 4.6%
Tea - FY21 Rev.⬆️16%; ⏫Good Earth & Teapigs

Canada:
Q4 Rev.⬆️6%; FY21 Rev.⬆️15%; Tetley #1 brand
Specialty tea⬆️35%

End🙏