RNS Number : 4210Y
Tata Consumer Products Limited
12 May 2021
Tata Consumer Products Limited
(Formerly Tata Global Beverages Limited)
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com
Consolidated Financial Results for the quarter and year ended March 31, 2021
Rs. in Crores
Particulars
Three months ended
Year ended
March 31, 2021
December 31, 2020
March 31, 2020
March 31, 2021
March 31, 2020
Refer Note 6
Unaudited
Refer Note 6
Audited
Audited
Revenue from Operations
3037.22
3069.56
2405.03
11602.03
9637.42
Other Income
42.96
19.49
21.93
121.38
111.59
Total Income
3080.18
3089.05
2426.96
11723.41
9749.01
Cost of Materials Consumed
1322.93
1392.56
872.98
4937.45
3606.66
Purchase of stock in trade
533.70
528.40
483.56
2114.40
1796.24
Changes in inventories of finished goods, work in progress and stock in trade
(10.65)
(11.40)
(44.60)
(149.54)
7.78
Employee Benefits Expense
270.22
241.23
231.57
970.23
884.80
Finance Costs
15.45
18.09
18.70
68.69
77.86
Depreciation and Amortisation Expense
65.87
64.40
64.04
254.74
241.71
Advertisement and Sales charges
216.42
209.71
181.37
726.27
676.72
Other Expenses
404.40
347.73
371.79
1459.46
1373.07
Total Expenses
2818.34
2790.72
2179.41
10381.70
8664.84
Profit before Exceptional Items and Tax
261.84
298.33
247.55
1341.71
1084.17
Exceptional Items (Net)
(63.93)
(6.13)
(264.39)
(30.65)
(274.79)
Profit before Tax
197.91
292.20
(16.84)
1311.06
809.38
Tax Expense
Current tax
(25.71)
(20.17)
(28.73)
(98.16)
(89.05)
Deferred tax
(38.86)
(35.00)
(4.64)
(219.11)
(185.14)
Total Tax Expense (Net)
(64.57)
(55.17)
(33.37)
(317.27)
(274.19)
Net Profit after Tax
133.34
237.03
(50.21)
993.79
535.19
Share of net profit/(loss) in Associates and Joint Ventures using equity method
(58.99)
0.35
(72.27)
(63.33)
(75.08)
Group Consolidated Net Profit (A)
74.35
237.38
(122.48)
930.46
460.11
Attributable to :
Owners of the Parent
53.90
218.17
(76.49)
856.69
459.76
Non Controlling Interest
20.45
19.21
(45.99)
73.77
0.35
Other Comprehensive Income
i) Items that will not be reclassified to profit or loss (Net of Tax)
Remeasurement of the defined benefit plans
(9.57)
(67.10)
83.67
(145.58)
31.18
Changes in fair valuation of equity instruments
0.94
2.27
6.08
5.88
12.50
(8.63)
(64.83)
89.75
(139.70)
43.68
Tax impact on above items
1.54
12.66
(13.21)
22.06
(3.31)
(7.09)
(52.17)
76.54
(117.64)
40.37
ii) Items that will be reclassified to profit or loss (Net of Tax)
Exchange differences on translation of foreign operations
47.45
195.54
21.06
262.68
225.69
Gains/(loss) on effective portion of cash flow hedges
(14.43)
25.42
(37.11)
3.56
13.48
33.02
220.96
(16.05)
266.24
239.17
Tax impact on above items
5.62
(6.45)
15.44
0.82
1.94
38.64
214.51
(0.61)
267.06
241.11
Total Other Comprehensive Income, Net of Tax (B)
31.55
162.34
75.93
149.42
281.48
Attributable to :
Owners of the Parent
28.22
137.91
65.71
127.49
233.89
Non Controlling Interest
3.33
24.43
10.22
21.93
47.59
Total Comprehensive Income (A+B)
105.90
399.72
(46.55)
1079.88
741.59
Attributable to :
Owners of the Parent
82.12
356.08
(10.78)
984.18
693.65
Non Controlling Interest
23.78
43.64
(35.77)
95.70
47.94
Paid-up equity share capital (Face value of Re 1 each)
92.16
92.16
92.16
92.16
92.16
Reserves excluding Revaluation Reserve
14420.49
13700.84
Earnings per share (Basic & Diluted) (not annualised for the quarter) - Rs
0.58
2.37
(0.83)
9.30
4.99
Notes:
1. For the quarter, Revenue from operations increased by 26% (24% in constant currency) as compared to corresponding quarter of the previous year, mainly driven by volume and value growth in the India branded business and improved performance of non-branded business. Profit before exceptional items and tax at Rs 262 Crores is higher by 6% as compared to corresponding quarter of the previous year, mainly on account of growth in revenue and good control over expenditure, however, margins were impacted by tea cost inflation in India. Group Consolidated Net Profit is higher as compared to corresponding quarter of the previous year on account of lower exceptional items and lower share of losses in Associates & Joint Ventures.
2. Exceptional item for the current quarter mainly represent costs relating to the business restructure and reorganisation of Rs 18 Crores and loss on disposal of an overseas subsidiary/Joint Venture of Rs 46 Crores. Exceptional items for the corresponding quarter of the previous year represent impairment of Goodwill of Rs 223 Crores, costs relating to the Merger scheme and Integration cost relating to Foods business of Rs 41 Crores, cost relating to business restructure and reorganisation of Rs 10 Crores and gain on disposal of Czech business Rs 10 Crores.
3. During the quarter and financial year ended March 31, 2021, the Group's performance was not adversely impacted by the Covid pandemic but recorded good top line growth in many markets, except for some businesses, in particular, those in out of home consumption sectors. Commodity costs were adversely impacted in India. There can be future business uncertainties depending on developments in relation to the pandemic, particularly those arising from the second wave in India, which could include market closures, supply constraints and commodity cost volatility.
4. Share of profits/(loss) in Associates and Joint Ventures include the profits/(loss) of an Associate operating in North India plantations, which are seasonal in nature.
5. The Consolidated Statement of Assets and Liabilities as at March 31, 2021 and Consolidated Cash Flow Statement for the year ended March 31, 2021 is annexed.
6. Figures of the quarter ended March 31, 2021 and March 31, 2020 are the balancing figures between audited figures in respect of the full financial year and year to date figures up to the third quarter of the relevant financial year.
7. The Board of Directors has recommended a dividend payment of Rs 4.05 per share (Face value Re. 1 each) for the year ended March 31, 2021.
8. Previous period's figures have been regrouped / rearranged, to the extent necessary, to conform to current period's classifications.
9. The aforementioned results were reviewed by the Audit Committee of the Board on May 05, 2021 and subsequently taken on record by the Board of Directors at its Meeting held on May 06, 2021. The Statutory Auditors of the Company have audited the annual results.
10. The Consolidated and Standalone result for the quarter and year ended March 31, 2021 are available on the BSE Limited website (URL: www.bseindia.com), National Stock Exchange of India Limited website (URL: www.nseindia.com) and on the Company's website (URL: www.tataconsumer.com).
Sd/-
Sunil D'Souza
Managing Director and CEO
Mumbai: May 6, 2021
Tata Consumer Products Limited
(Formerly Tata Global Beverages Limited)
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com
Consolidated Segment wise Revenue, Results, Assets and Liabilities for the year ended March 31, 2021
Rs. in Crores
Particulars
Three months ended
Year ended
March 31, 2021
December 31, 2020
March 31, 2020
March 31, 2021
March 31, 2020
Refer Note 6
Unaudited
Refer Note 6
Audited
Audited
Segment Revenue
Branded Business
India - Beverages
1204.84
1275.43
754.83
4600.73
3376.89
India - Foods
641.68
630.64
524.44
2441.69
2063.74
International - Beverages
875.21
926.16
874.41
3469.25
3226.04
Total Branded Business
2721.73
2832.23
2153.68
10511.67
8666.67
Non Branded Business
323.64
246.47
251.28
1122.17
974.94
Total Segment Revenue
3045.37
3078.70
2404.96
11633.84
9641.61
Others
0.75
8.39
6.42
13.45
26.63
Less: Inter segment Sales
(8.90)
(17.53)
(6.35)
(45.26)
(30.82)
Revenue from Operations
3037.22
3069.56
2405.03
11602.03
9637.42
Segment Results
Branded Business
India - Beverages
52.37
79.31
87.15
496.31
465.14
India - Foods
86.79
93.36
57.27
387.66
266.45
International - Beverages
110.07
122.60
128.51
458.88
360.76
Total Branded Business
249.23
295.27
272.93
1342.85
1092.35
Non Branded Business
38.47
20.36
1.19
90.89
55.65
Total Segment Results
287.70
315.63
274.12
1433.74
1148.00
Add/Less
Other Income
26.45
16.11
17.94
95.82
93.35
Finance Cost
(15.45)
(18.09)
(18.70)
(68.69)
(77.86)
Unallocable items
(36.86)
(15.32)
(25.81)
(119.16)
(79.32)
Exceptional Items
(63.93)
(6.13)
(264.39)
(30.65)
(274.79)
Profit Before Tax
197.91
292.20
(16.84)
1311.06
809.38
Segment Assets
Branded Business
India - Beverages
2326.34
2766.70
1554.03
2326.34
1554.03
India - Foods
6442.40
6163.14
6231.66
6442.40
6231.66
International - Beverages
5192.15
5434.89
5352.99
5192.15
5352.99
Total Branded Business
13960.89
14364.73
13138.68
13960.89
13138.68
Non Branded Business
1577.24
1521.20
1599.93
1577.24
1599.93
Total Segment Assets
15538.13
15885.93
14738.61
15538.13
14738.61
Unallocable Corporate Assets
4717.74
3981.94
3763.99
4717.74
3763.99
Total Assets
20255.87
19867.87
18502.60
20255.87
18502.60
Segment Liabilities
Branded Business
India - Beverages
1317.93
1106.58
538.32
1317.93
538.32
India - Foods
293.77
257.62
240.72
293.77
240.72
International - Beverages
748.17
750.50
759.99
748.17
759.99
Total Branded Business
2359.87
2114.70
1539.03
2359.87
1539.03
Non Branded Business
174.35
162.65
186.98
174.35
186.98
Total Segment Liabilities
2534.22
2277.35
1726.01
2534.22
1726.01
Unallocable Corporate Liabilities
2094.61
1970.17
1869.26
2094.61
1869.26
Total Liabilities
4628.83
4247.52
3595.27
4628.83
3595.27
Notes:
a. The Group has organised business into Branded Segment and Non Branded Segment. Branded Segment is further sub-categorised as India Beverages, India Foods and International Beverages. Accordingly, the Group has reported its segment results for these segments.
b. Business Segments: The internal business segmentation and the activities encompassed therein are as follows:
i) Branded Business -
India Beverages : Sale of branded Tea, Coffee and Water in various value added forms
India Foods : Sale of food products in various value added forms
International Beverages : Sale of branded Tea, Coffee and Water in various value added forms
ii) Non Branded Business - Plantation and Extraction business for Tea, Coffee and other produce.
c. The segment wise revenue, results, assets and liabilities figures relate to the respective amounts directly identifiable to each of the segments. Unallocable items includes expenses incurred on common services at the corporate level. Other Income excludes allocable income to segment results.
Tata Consumer Products Limited
(Formerly Tata Global Beverages Limited)
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com
Audited Consolidated Statement of Assets and Liabilities as at March 31, 2021
Rs in Crores
March 31, 2021
March 31, 2020
ASSETS
Non-Current Assets
Property Plant and Equipment
1222.67
1207.50
Capital Work in Progress
93.17
87.56
Investment Property
33.17
50.04
Right of Use Assets
386.41
293.46
Goodwill
7596.57
7333.83
Other Intangible Assets
2784.31
2771.21
Intangible Assets under Development
19.68
7.79
Investments accounted for using Equity method
207.27
228.19
Financial Assets
Investments
275.46
261.11
Loans
21.87
22.50
Other Financial Assets
74.92
32.17
Deferred Tax Assets (Net)
38.05
29.56
Non-current Tax Assets (net)
142.30
146.06
Other Non Current Assets
311.39
349.56
13207.24
12820.54
Current Assets
Inventories
2249.16
1712.03
Financial Assets
Investments
323.16
833.55
Trade Receivables
761.32
922.41
Cash and Cash Equivalent
2041.99
1121.67
Other Bank balances
1032.89
499.79
Loans
185.12
116.54
Other Financial Assets
116.35
173.24
Current Tax Assets (net)
1.37
1.17
Other Current Assets
337.27
301.66
7048.63
5682.06
TOTAL ASSETS
20255.87
18502.60
EQUITY AND LIABILITIES
Equity
Equity Share Capital
92.16
92.16
Other Equity
14442.35
13722.70
Equity attributable to the equity holders of the company
14534.51
13814.86
Non Controlling Interest
1092.53
1092.47
Total Equity
15627.04
14907.33
Non-Current Liabilities
Financial Liabilities
Borrowings
287.54
794.67
Lease Liability
389.10
291.96
Other Financial Liabilities
80.24
13.93
Provisions
192.46
183.22
Deferred Tax Liabilities (Net)
570.16
316.03
Non Current Tax Liabilities
14.87
16.86
1534.37
1616.67
Current Liabilities
Financial Liabilities
Borrowings
433.06
387.81
Lease Liability
37.81
37.97
Trade Payables
1625.47
943.99
Other Financial Liabilities
736.23
382.55
Other Current Liabilities
136.09
100.25
Provisions
101.71
92.41
Current Tax Liabilities (net)
24.09
33.62
3094.46
1978.60
TOTAL EQUITY AND LIABILITIES
20255.87
18502.60
Tata Consumer Products Limited
(Formerly Tata Global Beverages Limited)
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com
Audited Consolidated Statement of Cash Flows for the year ended March 31, 2021
Rs. In Crores
Particulars
March 31, 2021
March 31, 2020
A. Cash Flow from Operating Activities
Net Profit before Tax
1311.06
809.38
Adjusted for :
Depreciation and amortisation
254.74
241.71
Finance Cost
68.69
77.86
Dividend Income
(2.02)
(3.47)
Profit on sale of current investments (net)
(13.00)
(25.50)
Fair value movement in Financial instruments at fair value through profit and loss
(8.11)
(2.57)
Interest Income
(72.70)
(61.81)
Unrealised foreign exchange (gain) / loss
4.13
(7.18)
Impairment loss recognised in trade receivables and advances (net of reversal)
21.49
(3.41)
(Profit) / Loss on sale of Property, Plant & Equipment including investment property (net)
(11.75)
(4.03)
Rental Income from Investment Property
(3.81)
(3.14)
Exceptional Items -
Gain on conversion of a Joint Venture into a Subsidiary
(84.30)
-
(Gain) / Loss on Dispoal of a Subsidiary/Joint Venture
46.45
(10.38)
Impairment of Goodwill
-
222.94
Loss on disposal of a business
4.25
-
Other Exceptional Items
64.25
62.23
Operating Profit before working capital changes
1579.37
1292.63
Adjustments for:
Trade Receivables & Other Assets
186.14
(177.30)
Inventories
(533.45)
81.46
Trade payables & Other Liabilities
530.74
13.82
Cash generated from operations
1762.80
1210.61
Direct taxes paid
(106.43)
(128.38)
Net Cash from Operating Activities
1656.37
1082.23
B. Cash Flow from Investing Activities
Payment for Property, Plant and Equipment including Intangibles
(210.68)
(159.58)
Sale of Property, Plant and Equipment
31.50
8.82
Rental Income from Investment Property
3.81
3.14
Sale of Non Current Investments carried at Fair value through OCI
0.02
65.27
Acquisition of Business
-
(101.01)
Acquisition of Subsidiary
(168.80)
-
Investments in Joint Ventures
(112.32)
(53.00)
Proceeds from disposal of a Subsidiary/Joint Venture
56.99
30.38
Purchase of Non-Current Investments
-
(0.16)
Dividend Income received (including dividend from associates & Joint Ventures)
5.10
5.31
Interest Income received
67.96
51.13
(Purchase) / Sale of Current Investments (net)
523.39
(222.00)
(Placement) / Redemption Fixed deposits (net)
(532.38)
(433.53)
Inter Corporate Loans and Deposits (net)
(73.00)
132.46
Net cash from /(used in) Investing Activities
(408.41)
(672.77)
C. Cash Flow from Financing Activities
Proceeds from / (Repayment of) Long term borrowings (net)
(69.16)
(18.14)
Proceeds from / (Repayment of) short term borrowings (net)
11.82
50.25
Payment of Lease Liabilities
(45.06)
(48.56)
Dividend & Dividend Tax paid
(267.29)
(221.62)
Finance Cost paid
(65.41)
(70.26)
Refund of Dividend Distribution Tax paid in an earlier year
9.07
-
Net Cash used in Financing Activities
(426.03)
(308.33)
Net increase in Cash and Cash Equivalents (A+B+C)
821.93
101.13
Opening balance of Cash & Cash Equivalent
889.34
737.48
Add: Cash and Cash equivalent of the acquired companies
44.08
-
Less: Cash and Cash equivalent on disposal of a subsidiary
(22.80)
-
Exchange Gain/ (Loss) on translation of foreign currency cash/cash equivalents
40.63
50.73
Closing Cash & Cash Equivalent
1773.18
889.34
Reconciliation with Balance Sheet
Cash and Cash Equivalents
1773.18
889.34
Add : Bank Overdraft
268.81
232.33
Balance at the end of the year
2041.99
1121.67
Tata Consumer Products Limited
(Formerly Tata Global Beverages Limited)
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com
Standalone Financial Results for the quarter and year ended March 31, 2021
Rs. in Crores
Particulars
Three months ended
Year ended
March 31, 2021
December 31, 2020
March 31, 2020
March 31, 2021
March 31, 2020
Refer Note 5
Unaudited
Refer Note 5
Audited
Audited
Revenue from Operations
1850.06
1962.73
1335.31
7154.36
5690.24
Other Income
28.72
25.02
16.70
133.01
117.75
Total Income
1878.78
1987.75
1352.01
7287.37
5807.99
Cost of materials consumed
892.96
1061.64
527.09
3421.65
2305.02
Purchase of stock-in-trade
363.65
367.97
287.42
1425.63
1123.86
Changes in inventories of finished goods, work-in-progress & stock-in-trade
22.65
(57.43)
(26.40)
(116.90)
44.36
Employees benefits expense
92.18
80.18
67.66
321.58
283.44
Finance costs
7.92
7.22
6.79
28.13
25.73
Depreciation and amortisation expense
33.37
32.41
33.00
126.21
114.82
Advertisement and sales charges
123.66
126.64
107.92
396.83
384.91
Other expenses
212.91
186.62
211.24
787.00
744.63
Total Expenses
1749.30
1805.25
1214.72
6390.13
5026.77
Profit before Exceptional Items and Tax
129.48
182.50
137.29
897.24
781.22
Exceptional Items (Net)
(14.43)
(6.37)
(41.41)
(61.10)
(51.81)
Profit before Tax
115.05
176.13
95.88
836.14
729.41
Tax Expense
Current Tax
(1.10)
5.11
2.11
1.05
0.61
Deferred Tax
(32.26)
(45.12)
(27.06)
(217.68)
(206.48)
Total Tax Expense (net of reversals)
(33.36)
(40.01)
(24.95)
(216.63)
(205.87)
Net Profit after Tax (A)
81.69
136.12
70.93
619.51
523.54
Other Comprehensive Income
i) Items that will not be reclassified to profit or loss
Remeasurement of defined benefit plans
10.67
(3.49)
(9.56)
(4.44)
(28.18)
Changes in fair valuation of equity instruments
0.93
2.27
4.67
5.87
9.84
11.60
(1.22)
(4.89)
1.43
(18.34)
Tax impact of above items
(3.79)
0.86
3.44
0.01
7.47
7.81
(0.36)
(1.45)
1.44
(10.87)
ii) Items that will be reclassified to profit or loss
Gains/(loss) on effective portion of cash flow hedges
1.43
(0.64)
(1.67)
2.62
(6.53)
Tax impact of above item
(0.36)
0.16
0.68
(0.66)
2.13
1.07
(0.48)
(0.99)
1.96
(4.40)
Other Comprehensive Income (B)
8.88
(0.84)
(2.44)
3.40
(15.27)
Total Comprehensive Income (A+B)
90.57
135.28
68.49
622.91
508.27
Paid-up equity share capital (Face value of Re. 1 each)
92.16
92.16
92.16
92.16
92.16
Reserves excluding Revaluation Reserves
11110.08
10735.99
Earnings per share (Basic & Diluted) (not annualised for the quarter) - Rs.
0.89
1.48
0.77
6.72
5.68
Notes:
1. For the quarter, Revenue from operations increased by 39% over corresponding quarter of the previous year driven by growth in volume and value mainly in the branded business. Profit before Tax at Rs 115 crores is higher as compared to corresponding quarter of previous year mainly on account of growth in revenue and lower exceptional items which has been partly impacted by record tea cost inflation and higher investments behind brands. Consequently, Profit after tax is also higher than corresponding quarter of previous year.
2. Exceptional item for the current quarter represent costs relating to the business restructure and reorganization of Rs 14 crores. Exceptional costs for the corresponding quarter of previous year of Rs 41 crores represents costs relating to scheme of merger and Integration Costs in relation to foods business.
3. During the quarter and financial year ended March 31, 2021, the Company's performance was not adversely impacted by the Covid pandemic but recorded good top line growth. However, tea commodity costs were adversely impacted. There can be future business uncertainties depending on developments in relation to the pandemic, particularly those arising from the second wave in India, which could include market closures, supply constraints and commodity cost volatility
4. In accordance with Ind AS 108 "Operating Segments", segment information has been given in the consolidated financial results, and therefore, no separate disclosure on segment information is given in these Standalone financial results.
5. Figures of the quarter ended March 31, 2021 and March 31, 2020 are the balancing figures between audited figures in respect of the full financial year and year to date figures up to the third quarter of the relevant financial year.
6. Statement of Assets and Liabilities as at March 31, 2021 and Cash flow Statement for the year ended March 31, 2021 is annexed.
7. The Board of Directors has recommended a dividend payment of Rs 4.05 per share (Face value Re. 1 each) for the year ended March 31, 2021.
8. Previous period's figures have been regrouped / rearranged, to the extent necessary, to conform to current period's classifications.
9. The aforementioned results were reviewed by the Audit Committee of the Board on May 5, 2021 and subsequently taken on record by the Board of Directors at its meeting held on May 6, 2021. The Statutory Auditors of the Company have audited the annual results.
Mumbai: May 6, 2021
Sd/- Sunil D'Souza Managing Director and CEO
Tata Consumer Products Limited
(Formerly Tata Global Beverages Limited)
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com
Audited Statement of Assets and Liabilities as at March 31, 2021
Rs. In Crores
March 31, 2021
March 31, 2020
ASSETS
Non-Current Assets
Property, Plant and Equipment
258.30
225.32
Capital work-in-progress
46.46
22.16
Right of Use Assets
224.64
124.88
Goodwill
3578.51
3578.51
Other Intangible Assets
2509.90
2523.83
Intangible Assets under development
16.44
5.99
Financial Assets
Investments
2605.19
2324.91
Loans
21.71
22.35
Other Financial Assets
103.59
24.68
Non-Current Tax Assets (Net)
122.61
123.06
Other Non-Current Assets
88.91
87.64
9576.26
9063.33
Current assets
Inventories
1408.37
919.95
Financial Assets
Investments
287.77
724.51
Trade Receivables
257.23
314.17
Cash and Cash Equivalents
644.74
243.24
Other Bank Balances
968.95
494.53
Loans
3.79
0.66
Other Financial Assets
31.57
75.20
Other Current Assets
253.08
214.84
3855.50
2987.10
TOTAL ASSETS
13431.76
12050.43
EQUITY AND LIABILITIES
Equity
Equity Share Capital
92.16
92.16
Other Equity
11131.94
10757.85
TOTAL EQUITY
11224.10
10850.01
Non-Current Liabilities
Financial Liabilities
Lease Liability
215.30
121.82
Other Financial Liability
76.20
-
Provisions
148.21
137.52
Deferred Tax Liabilities
367.55
149.22
807.26
408.56
Current Liabilities
Financial Liabilities
Borrowings
-
35.00
Lease Liability
28.94
23.69
Trade Payables
Total outstanding dues of Micro enterprises and Small enterprises
13.96
4.31
Total outstanding dues of creditors other than Micro enterprises and Small enterprises
1088.67
442.73
Other Financial Liabilities
81.93
120.11
Other Current Liabilities
99.73
75.91
Provisions
82.04
73.96
Current Tax Liabilities (Net)
5.13
16.15
1400.40
791.86
TOTAL EQUITY AND LIABILITIES
13431.76
12050.43
Tata Consumer Products Limited
(Formerly Tata Global Beverages Limited)
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
CIN - L15491WB1962PLC031425, Email : investor.relations@tataconsumer.com, Website : www.tataconsumer.com
Audited Statement of Cash Flows for the year ended March 31, 2021
Rs. In Crores
Particulars
March 31, 2021
March 31, 2020
A. Cash Flow from Operating Activities
Net Profit before Tax
836.14
729.41
Adjusted for :
Depreciation and Amortisation
126.21
114.82
Dividend Income
(55.20)
(47.15)
Unrealised Exchange (Gain) / Loss
0.27
(1.69)
Finance Cost
28.13
25.73
Fair value movement in Financial instruments at fair value through profit and loss
(8.11)
3.31
Interest Income
(57.96)
(46.57)
Profit on sale of current investments (net)
(11.57)
(24.88)
Impairment loss recognised in trade receivables (net of reversal)
20.46
(1.11)
(Profit) / Loss on sale of Property, Plant & Equipment (net)
0.49
1.33
Exceptional Items
61.10
51.81
Operating Profit before working capital changes
939.96
805.01
Adjustments for:
Trade Receivables & Other Assets
36.02
(118.96)
Inventories
(488.42)
80.96
Trade payables & Other Liabilities
586.19
37.05
Cash generated from Operations
1073.75
804.06
Direct Taxes paid (net)
(9.52)
(59.03)
Net Cash from/(used in) Operating Activities
1064.23
745.03
B. Cash Flow from Investing Activities
Payment for Property, Plant and Equipment and Intangibles
(146.89)
(65.28)
Sale of Property, Plant and Equipment
0.17
0.11
Sale of Non Current Investments carried at Fair value through OCI
-
53.20
Acquisition of Business
-
(101.01)
Acquisition of Subsidiaries
(168.80)
-
Investment in Joint Ventures
(97.50)
(53.00)
Dividend Income received
55.20
47.15
Interest Income received
54.17
41.38
(Purchase) / Sale of Current Investments (net)
448.31
(201.89)
(Placement) / Redemption Fixed deposits (net)
(473.71)
(430.65)
Inter Corporate Deposits and Loans (net)
(3.00)
1.75
Net cash from / (used in) Investing Activities
(332.05)
(708.24)
C. Cash Flow from Financing Activities
Working Capital facilities (net)
(35.00)
35.00
Payment of Lease Liabilities
(27.81)
(28.97)
Dividend Paid
(248.82)
(157.78)
Dividend Tax paid
-
(29.12)
Finance Cost paid
(19.05)
(17.11)
Net Cash from / (used in) Financing Activities
(330.68)
(197.98)
Net increase / (decrease) in Cash and Cash Equivalents (A+B+C)
401.50
(161.19)
Opening balance of Cash & Cash equivalent
243.24
404.43
Closing Cash & Cash Equivalent
644.74
243.24
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