Tata Consumer Products declines 6% on weak operational performance in Q4

Ebitda growth for the quarter was impacted by tea inflation in India and increased A&P investments, that more than offset the strong Ebitda growth in India food and International business

Shares of Tata Consumer Products dipped 6 per cent to Rs 614.25 on the BSE in the intra-day trade on Friday after the company reported a per cent rise in its consolidated earnings before interest, taxes, depreciation, and amortization (Ebitda) at Rs 317 crore for the quarter ended March 2021 (Q4FY21). Ebitda margin, too, contracted by 253 basis points (bps) to 10.44 per cent from 12.97 per cent in Q4FY20.

During the quarter under review, Tata Consumer Products' revenue grew by 26 per cent (24 per cent in constant currency terms) on year-on-year (YoY) basis to Rs 3,037 crore