TATA CONSUMER PRODUCTS Earnings Update
Sales indexed to
FY20 baseline
Tata Starbucks (JV)
Entered 4 new cities during the quarter, including Goa, Bhubaneshwar,
Nashik, and Guwahati
64%
36%
83%
Apr 21
May'21
Jun'21
Strong sequential recovery
275%
TATA CONSUMER PRODUCTS
96%
Stores re-opened*
268
Total Stores
•
Performance commentary
Revenue grew 32% during the
quarter, partially impacted by the
third wave of COVID-19. Growth
back on a strong trajectory led by
swift re-opening post the third wave.
Revenue for the year grew 76%,
despite two waves of the pandemic,
bringing the 2-year CAGR into
positive territory.
Delivery channel salience remained
ahead of pre-Covid levels.
•
•
Added 50 new stores and entered 8
new cities during the year.
Q4FY22 marked the highest number
of store openings for Tata Starbucks
in a quarter, at 23 new stores.
The business was EBITDA positive
for the quarter.
118% 120%132% 139% 131% 33%
129%
26
110%
Cities
Jul'21
Aug'21
Sep'21
Oct'21
Nov'21
Dec'21
Jan'22
Feb'22
Mar'22
Other updates
'Starbucks 190' promotion on
delivery on Republic day helped
recruit new customers.
Two flagship locations opened
during the quarter including Golden
Temple Complex in Amritsar and
Brahmaputra Riverfront store in
Guwahati (pic above).
•
Limited time offerings (LTO), new
offerings and merchandise led to
higher productivity and improved
offtakes.
As of end of Mar'22
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