TATA CONSUMER PRODUCTS Earnings Update
USA
WHILE BEAN COFFEE
EOC
BLOCK COFFEE MY
ESPRESSO GOLD
and Caty Sky Crena fullBaded
MEDIUMDARK ROAST
ONE OF
Introduced 3 new Barista Blends
SKUs and a new campaign
around "Be Your Own Barista" to
build brand awareness and trial
GOODEARTH
Birt
Celebrated 50 years of
Good Earth with limited
edition range - Chai &
Lemongrass tea.
GOODEARTH
NGRASS
GOODEARTH
LEMONGRASS
TATA CONSUMER PRODUCTS
Flat
FY22 Coffee Revenue
Growth^
-8%
FY22 Tea Revenue
Growth^
Performance commentary
Coffee: Revenue for the quarter
grew 11% (constant currency) driven
by strong performance in K-cups
Revenue for the year stayed flat
(constant currency) after growing 9%
in FY21.
Despite unprecedented inflation in
coffee prices during the year, EBIT
for EOC grew YoY, led by a
proactive hedging approach and
price increases.
•
Tea (excluding Empirical):
Revenue declined 8% (constant
currency) in FY22 on an elevated
base of 16% growth in FY21.
Initiated the integration of 3 tea
brands, similar to the UK.
Innovations led by Good Earth
Sensorial blends, Tetley Flavors of
Britain and Tetley Irish Breakfast
continue to perform well.
GOOD EARTH
4.3%
*Coffee Bags
Market Share
GOOD EARTH
CHAL
CHAI
Other updates
Mainstream black tea category in the
US continues to lose share to
•
During the quarter, we saw robust
Specialty category.
performance of 32 count and 48
count K-cups in EOC.
^ Constant Currency, excluding Foodservice (Empirical)
Source: *Nielsen - Value share, Moving Annual Total (MAT) basis - Mar'22
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