Tata Consumer Prod. - Half-year Report

Tata Consumer Products

01/11/2021 15:19

RNS Number : 9589Q

Tata Consumer Products Limited

01 November 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

Unaudited Consolidated Financial Results for the quarter and six months ended September 30, 2021

                 Rs. In Crores

Particulars
Three months ended
Year to date ended
Year ended
September 30, 2021
June 30,
 2021
September 30, 2020
September 30, 2021
September 30, 2020
March 31,
 2021
Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
Audited
Revenue from Operations
3033.12
3008.46
2781.34
6041.58
5495.25
11602.03
Other Income
39.62
28.01
26.22
67.63
58.93
121.38
Total Income
3072.74
3036.47
2807.56
6109.21
5554.18
11723.41
Cost of Materials Consumed
1232.02
1313.64
1208.11
2545.66
2221.96
4937.45
Purchase of stock in trade
485.15
542.68
518.98
1027.83
1052.30
2114.40
Changes in inventories of finished goods, work in progress and stock in trade
19.12
(73.91)
(80.94)
(54.79)
(127.49)
(149.54)
Employee Benefits Expense
255.64
265.41
229.73
521.05
458.78
970.23
Finance Costs
19.78
20.43
17.87
40.21
35.15
68.69
Depreciation and Amortisation Expense
69.31
66.79
62.57
136.10
124.47
254.74
Advertisement and Sales charges
211.88
158.21
166.38
370.09
300.14
726.27
Other Expenses
416.01
402.94
339.50
818.95
707.33
1459.46
Total Expenses
2708.91
2696.19
2462.20
5405.10
4772.64
10381.70
Profit before Exceptional Items and Tax
363.83
340.28
345.36
704.11
781.54
1341.71
Exceptional Items (Net)
(16.31)
(3.92)
(23.90)
(20.23)
39.41
(30.65)
Profit before Tax
347.52
336.36
321.46
683.88
820.95
1311.06
Tax Expense
Current tax
(50.03)
(61.16)
(25.18)
(111.19)
(52.28)
(98.16)
Deferred tax
(36.10)
(34.55)
(61.95)
(70.65)
(145.25)
(219.11)
Total Tax Expense (Net)
(86.13)
(95.71)
(87.13)
(181.84)
(197.53)
(317.27)
Net Profit after Tax
261.39
240.65
234.33
502.04
623.42
993.79
Share of net profit/(loss) in Associates and Joint Ventures using equity method
24.41
(40.41)
38.85
(16.00)
(4.69)
(63.33)
Group Consolidated Net Profit (A)
285.80
200.24
273.18
486.04
618.73
930.46
Attributable to :
Owners of the Parent
268.04
185.15
257.06
453.19
584.62
856.69
Non Controlling Interest
17.76
15.09
16.12
32.85
34.11
73.77
Other Comprehensive Income
i) Items that will not be reclassified to profit or loss
Remeasurement of the defined benefit plans
(37.26)
(1.39)
(7.18)
(38.65)
(68.91)
(145.58)
Changes in fair valuation of equity instruments
3.48
1.39
1.07
4.87
2.67
5.88
(33.78)
0.00
(6.11)
(33.78)
(66.24)
(139.70)
Tax impact on above items
5.81
(12.25)
0.72
(6.44)
7.86
22.06
(27.97)
(12.25)
(5.39)
(40.22)
(58.38)
(117.64)
ii) Items that will be reclassified to profit or loss
Exchange differences on translation of foreign operations
(141.78)
123.03
29.91
(18.75)
19.69
262.68
Gains/(loss) on Effective portion of cash flow hedges
21.77
34.04
30.84
55.81
(7.43)
3.56
(120.01)
157.07
60.75
37.06
12.26
266.24
Tax impact on above items
(4.53)
(11.11)
(6.60)
(15.64)
1.65
0.82
(124.54)
145.96
54.15
21.42
13.91
267.06
Total Other Comprehensive Income (B)
(152.51)
133.71
48.76
(18.80)
(44.47)
149.42
Attributable to :
Owners of the Parent
(134.54)
112.42
42.21
(22.12)
(38.64)
127.49
Non Controlling Interest
(17.97)
21.29
6.55
3.32
(5.83)
21.93
Total Comprehensive Income (A+B)
133.29
333.95
321.94
467.24
574.26
1079.88
Attributable to :
Owners of the Parent
133.50
297.57
299.27
431.07
545.98
984.18
Non Controlling Interest
(0.21)
36.38
22.67
36.17
28.28
95.70
Paid-up equity share capital (Face value of Re 1 each)
92.16
92.16
92.16
92.16
92.16
92.16
Reserves excluding Revaluation Reserve
14420.49
Earnings per share (Basic & Diluted) (not annualised for the quarter and year to date) - Rs
2.91
2.01
2.79
4.92
6.34
9.30


Notes:

 

1.   For the quarter, Revenue from operations increased by 9% (8% in constant currency) as compared to corresponding quarter of the previous year, mainly driven by growth of 14% in India Beverages and 23% in India Foods, International business revenues, excluding exited businesses, were marginally higher. Profit before exceptional items and tax at Rs 364 Crores is higher by 5% on account of improved gross margin partly offset by higher spends behind brands. Group Consolidated Net Profit at Rs 286 Crores is higher by 5%.

 

2.   Exceptional item for the current quarter of Rs 16 Crores mainly represent costs relating to the business restructure and redundancy.  Exceptional item for the corresponding quarter of the previous year represents costs relating to the business integration of foods business of Rs 10 Crores, redundancy cost of Rs 9 Crores and impairment of assets of Rs 5 Crores.

 

3.   During the quarter ended September 30, 2021, the Group's performance was not adversely impacted by the Covid pandemic, except for some businesses, in particular, those in out of home consumption sectors although there is an improving trend. There can be future business uncertainties depending on developments in relation to the pandemic, 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 September 30, 2021 and Consolidated Cash Flow Statement for the period ended September 30, 2021 is annexed.

 

6.   Previous period's figures have been regrouped / rearranged, to the extent necessary, to conform to current period's classifications.

 

7.   The aforementioned results were reviewed by the Audit Committee of the Board on October 21, 2021 and subsequently taken on record by the Board of Directors at its Meeting held on October 22, 2021. The Statutory Auditors of the Company have conducted limited review on these results.

 

8.   The Consolidated and Standalone result for the quarter and six months ended September 30, 2021 are available on the BSE website (URL: www.bseindia.com), the National Stock Exchange website (URL: www.nseindia.com) and on the Company's website (URL: www.tataconsumer.com).

 

 

 

 

 

Sunil D'Souza

Managing Director and CEO

Mumbai: October 22, 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

Unaudited Consolidated Segment wise Revenue, Results, Assets and Liabilities for the quarter and six months ended September 30, 2021

                 Rs. In Crores

Particulars
Three months ended
Year to date ended
Year ended
September 30, 2021
June 30,
 2021
September 30, 2020
September 30, 2021
September 30, 2020
March 31,
 2021
Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
Audited
Segment Revenue
Branded Business
India - Beverages
1265.86
1267.09
1107.96
2532.95
2096.58
4561.55
India - Foods
712.22
704.67
580.31
1416.89
1169.37
2441.69
International Business
781.27
767.58
812.54
1548.85
1691.76
3508.43
Total Branded Business
2759.35
2739.34
2500.81
5498.69
4957.71
10511.67
Non Branded Business
279.91
277.64
287.64
557.55
552.06
1122.17
Total Segment Revenue
3039.26
3016.98
2788.45
6056.24
5509.77
11633.84
Others
6.28
2.73
3.24
9.01
4.31
13.45
Less: Inter segment Sales
(12.42)
(11.25)
(10.35)
(23.67)
(18.83)
(45.26)
Revenue from Operations
3033.12
3008.46
2781.34
6041.58
5495.25
11602.03
Segment Results
Branded Business
India - Beverages
169.68
150.73
144.71
320.41
356.85
487.87
India - Foods
74.84
96.00
92.95
170.84
207.51
387.66
International Business
109.69
96.00
105.34
205.69
233.99
467.32
Total Branded Business
354.21
342.73
343.00
696.94
798.35
1342.85
Non Branded Business
21.54
18.63
18.11
40.17
32.06
90.89
Total Segment Results
375.75
361.36
361.11
737.11
830.41
1433.74
Add/(Less)
Other Income
32.71
24.54
23.97
57.25
53.26
95.82
Finance Cost
(19.78)
(20.43)
(17.87)
(40.21)
(35.15)
(68.69)
Unallocable items
(24.85)
(25.19)
(21.85)
(50.04)
(66.98)
(119.16)
Exceptional Items
(16.31)
(3.92)
(23.90)
(20.23)
39.41
(30.65)
Profit Before Tax
347.52
336.36
321.46
683.88
820.95
1311.06
Segment Assets
Branded Business
India - Beverages
2143.98
1897.09
2464.42
2143.98
2464.42
2311.90
India - Foods
6499.12
6533.87
6188.80
6499.12
6188.80
6442.40
International Business
5256.56
5375.41
5318.81
5256.56
5318.81
5206.59
Total Branded Business
13899.66
13806.37
13972.03
13899.66
13972.03
13960.89
Non Branded Business
1637.48
1594.30
1515.36
1637.48
1515.36
1577.24
Total Segment Assets
15537.14
15400.67
15487.39
15537.14
15487.39
15538.13
Unallocable Corporate Assets
4254.35
4404.29
3916.82
4254.35
3916.82
4717.74
Total Assets
19791.49
19804.96
19404.21
19791.49
19404.21
20255.87
Segment Liabilities
Branded Business
India - Beverages
1176.23
1011.09
1029.70
1176.23
1029.70
1309.12
India - Foods
314.05
326.00
284.15
314.05
284.15
293.77
International Business
692.98
718.26
718.98
692.98
718.98
756.98
Total Branded Business
2183.26
2055.35
2032.83
2183.26
2032.83
2359.87
Non Branded Business
195.84
183.01
178.36
195.84
178.36
174.35
Total Segment Liabilities
2379.10
2238.36
2211.19
2379.10
2211.19
2534.22
Unallocable Corporate Liabilities
1716.85
2004.13
1972.15
1716.85
1972.15
2094.61
Total Liabilities
4095.95
4242.49
4183.34
4095.95
4183.34
4628.83

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 Business. Accordingly, the group has reported its segment results for these segments. A business unit has been regrouped between the segments in the current year, the corresponding segment information for the comparative periods have been restated as per the requirements of Ind AS 108.

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 Business : 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

Unaudited Consolidated Statement of Assets and Liabilities as at September 30, 2021

                 Rs. In Crores

As at September 30, 2021
As at March 31, 2021
Unaudited
Audited
ASSETS
Non-Current Assets
Property Plant and Equipment
1252.19
1222.67
Capital Work in Progress
66.95
93.17
Investment Property
32.86
33.17
Right of Use Assets
371.01
386.41
Goodwill
7601.22
7596.57
Other Intangible Assets
2773.62
2784.31
Intangible Assets under Development
10.98
19.68
Investments accounted for using Equity method
242.61
207.27
Financial Assets
Investments
434.31
275.46
Loans
20.16
21.87
Other Financial Assets
68.63
74.92
Deferred Tax Assets (Net)
37.28
38.05
Non-current Tax Assets (net)
136.53
142.30
Other Non Current Assets
277.76
311.39
13326.11
13207.24
Current Assets
Inventories
2281.93
2249.16
Financial Assets
Investments
175.38
323.16
Trade Receivables
651.99
761.32
Cash and Cash Equivalent
1214.73
2041.99
Other Bank balances
1349.38
1032.89
Loans
222.12
185.12
Other Financial Assets
185.43
116.35
Current Tax Assets (net)
3.13
1.37
Other Current Assets
381.29
337.27
6465.38
7048.63
TOTAL ASSETS
19791.49
20255.87
EQUITY AND LIABILITIES
Equity
Equity Share Capital
92.16
92.16
Other Equity
14500.59
14442.35
Equity attributable to the equity holders of the company
14592.75
14534.51
Non Controlling Interest
1102.79
1092.53
Total Equity
15695.54
15627.04
Non-Current Liabilities
Financial Liabilities
Borrowings
264.42
287.54
Lease Liability
367.59
389.10
Other Financial Liabilities
83.82
80.24
Provisions
197.41
192.46
Deferred Tax Liabilities (Net)
658.75
570.16
Non Current Tax Liabilities
13.18
14.87
Current Liabilities
Financial Liabilities
Borrowings
488.78
919.62
Lease Liability
47.38
37.81
Trade Payables
1505.41
1625.47
Other Financial Liabilities
226.31
249.67
Other Current Liabilities
126.61
136.09
Provisions
97.61
101.71
Current Tax Liabilities (net)
18.68
24.09
2510.78
3094.46
TOTAL EQUITY AND LIABILITIES
19791.49
20255.87

 

 

 

 

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

Unaudited Consolidated Statement of Cash Flows for the six months ended September 30, 2021

                 Rs. In Crores

Particulars
September 30,
 2021
September 30,
 2020
A.
Cash Flow from Operating Activities
Net Profit before Tax
683.88
820.95
Adjusted for :
Depreciation and Amortisation
136.10
124.47
Finance Cost
40.21
35.15
Dividend Income
(2.54)
(2.30)
Profit on sale of current investments (net)
(5.01)
(8.76)
Fair value movement in Financial instruments at fair value through profit or loss
(4.41)
(4.82)
Interest Income
(45.23)
(37.43)
Unrealised foreign exchange (gain) / loss
(0.47)
5.00
Impairment loss recognised in trade receivables & advances (net of reversal)
-
16.12
(Profit) / Loss on sale of Property, Plant & Equipment including Investment property (net)
(2.07)
0.23
Rental Income from Investment Property
(1.24)
(2.08)
Exceptional items -
Gain on conversion of a Joint Venture into a Subsidiary
-
(84.30)
Impairment of Asset
-
4.59
Other Exceptional Expenses
20.23
40.30
Operating Profit before working capital changes
819.45
907.12
Adjustments for:
Trade Receivables & Other Assets
16.77
165.93
Inventories
(32.38)
(854.21)
Trade payables & Other Liabilities
(130.99)
359.39
Cash generated from /(used in) operations
672.85
578.23
Direct taxes paid (net)
(130.03)
(45.46)
Net Cash from /(used in) Operating Activities
542.82
532.77
B.
Cash Flow from Investing Activities
Payment for Property, Plant and Equipment including Intangibles assets
(88.75)
(63.12)
Sale of Property, Plant and Equipment
0.59
1.10
Rental Income from Investment Property
1.24
2.08
Sale of Non Current Investments carried at Fair value through OCI
0.15
-
Acquisition of a Subsidiary
-
(13.00)
Investments in Joint Ventures
(61.00)
(97.50)
Investments in Associate
(150.00)
-
Dividend Income received (including dividend from Associates & JVs)
9.13
5.04
Interest Income received
34.83
32.71
(Purchase) / Sale of Current Investments (net)
152.80
608.92
(Placement) / Redemption Fixed deposits (net)
(314.52)
(363.89)
Inter Corporate Loans and Deposits including FX (net)
(50.93)
(33.00)
Net cash from /(used in) Investing Activities
(466.46)
79.34
C.
Cash Flow from Financing Activities
Proceeds from / (Repayment of) Long term borrowings (net)
(465.42)
(30.85)
Proceeds from / (Repayment of) Short term borrowings (net)
(0.73)
20.82
Payment of Lease Liabilities
(26.07)
(22.43)
Dividend paid
(398.45)
(260.75)
Finance Cost paid
(33.17)
(32.36)
Refund of Dividend Distribution Tax paid in an earlier year
13.38
9.07
Net Cash from / (used in) Financing Activities
(910.46)
(316.50)
Net increase / (decrease) in Cash and Cash Equivalents (A+B+C)
(834.10)
295.61
Opening balance of Cash and Cash Equivalent
1773.18
889.34
Add: Cash and Cash equivalent of the acquired companies
-
5.11
Less: Cash and Cash equivalent on disposal of a subsidiary
-
-
Exchange Gain/ (Loss) on translation of foreign currency Cash and Cash equivalents
6.89
(10.00)
Closing Cash and Cash Equivalent
945.97
1180.06
Reconciliation with Balance Sheet
Cash and Cash Equivalents
945.97
1180.06
Add : Bank Overdraft
268.76
238.21
Balance at the end of the period
1214.73
1418.27

 

 

 

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

Unaudited Standalone Financial Results for the quarter and six months ended September 30, 2021

                 Rs. In Crores

Particulars
Three months ended
Year to date ended
Year ended
September 30
June 30
September 30
September 30
September 30
March 31
2021
2021
2020
2021
2020
2021
Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
Audited
Revenue from Operations
1987.50
1965.89
1736.14
3953.39
3341.57
7154.36
Other Income
31.05
146.23
33.57
177.28
79.27
133.01
Total Income
2018.55
2112.12
1769.71
4130.67
3420.84
7287.37
Cost of materials consumed
826.54
886.85
863.14
1713.39
1467.05
3421.65
Purchase of stock-in-trade
403.04
416.94
353.86
819.98
694.01
1425.63
Changes in inventories of finished goods, work-in-progress & stock-in-trade
19.05
(20.11)
(87.74)
(1.06)
(82.12)
(116.90)
Employees benefits expense
88.87
88.36
77.45
177.23
149.22
321.58
Finance costs
7.65
7.66
6.46
15.31
12.99
28.13
Depreciation and amortisation expense
36.09
34.88
30.84
70.97
60.43
126.21
Advertisement and sales charges
132.90
86.14
90.04
219.04
146.53
396.83
Other expenses
248.39
233.79
185.66
482.18
387.47
787.00
Total Expenses
1762.53
1734.51
1519.71
3497.04
2835.58
6390.13
Profit before Exceptional Items and Tax
256.02
377.61
250.00
633.63
585.26
897.24
Exceptional Items (Net)
(7.19)
-
(19.30)
(7.19)
(40.30)
(61.10)
Profit before Tax
248.83
377.61
230.70
626.44
544.96
836.14
Tax Expense
Current Tax
(30.64)
(42.44)
(1.83)
(73.08)
(2.96)
1.05
Deferred Tax
(29.85)
(31.43)
(59.48)
(61.28)
(140.30)
(217.68)
Total Tax Expense ( net of reversals)
(60.49)
(73.87)
(61.31)
(134.36)
(143.26)
(216.63)
Net Profit after Tax (A)
188.34
303.74
169.39
492.08
401.70
619.51
Other Comprehensive Income
i) Items that will not be reclassified to profit or loss
Remeasurement of defined benefit plans
0.81
(4.74)
2.81
(3.93)
(11.62)
(4.44)
Changes in fair valuation of equity instruments
3.48
1.39
1.07
4.87
2.67
5.87
4.29
(3.35)
3.88
0.94
(8.95)
1.43
Tax impact of above items
(1.05)
1.19
(0.69)
0.14
2.94
0.01
3.24
(2.16)
3.19
1.08
(6.01)
1.44
ii) Items that will be reclassified to profit or loss
Gains/(loss) on effective portion of cash flow hedges
1.55
(0.05)
2.67
1.50
1.83
2.62
Tax impact of above item
(0.39)
0.01
(0.67)
(0.38)
(0.46)
(0.66)
1.16
(0.04)
2.00
1.12
1.37
1.96
Other Comprehensive Income (Net of tax) (B)
4.40
(2.20)
5.19
2.20
(4.64)
3.40
Total Comprehensive Income (A+B)
192.74
301.54
174.58
494.28
397.06
622.91
Paid-up equity share capital (Face value of Re. 1 each)
92.16
92.16
92.16
92.16
92.16
92.16
Reserves excluding Revaluation Reserves
11110.08
Earnings per share (Basic & Diluted) (not annualised for the quarter and year to date end) - Rs.
2.04
3.30
1.84
5.34
4.36
6.72

Notes:

1.     For the quarter, Revenue from operations at Rs 1988 crores increased by 14% over corresponding quarter of the previous year driven by growth in branded business. Profit before tax at Rs 249 crores is higher by 8% as compared to corresponding quarter of previous year mainly on account of growth in revenue and lower exceptional items partly offset by higher spends behind brands. Profit after tax is also higher by 11% over the corresponding quarter of previous year.

 

2.     During the quarter ended September 30, 2021, the Company's performance was not adversely impacted by the Covid pandemic. There can be future business uncertainties depending on developments in relation to the pandemic, which could include market closures, supply constraints and commodity cost volatility.

 

3.     Exceptional item for the current quarter primarily represents redundancy cost of Rs 6 crores. Exceptional item for the corresponding quarter of previous year represents costs relating to the business integration of foods business of Rs 10 crores and redundancy costs of Rs 9 crores.

 

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.     Statement of Assets and Liabilities as at September 30, 2021 along with Cash flow Statement for the period ended September 30, 2021 is annexed.

 

6.     Previous period's figures have been regrouped / rearranged, to the extent necessary, to conform to current period's classifications.

 

7.     The aforementioned results were reviewed by the Audit Committee of the Board on October 21, 2021 and subsequently taken on record by the Board of Directors at its meeting held on October 22, 2021. The Statutory Auditors of the Company have conducted limited review on these results.

 

 

 

 

 

 

Sunil D'Souza

Managing Director and CEO

Mumbai: October 22, 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

Unaudited Statement of Assets and Liabilities as at September 30, 2021

                 Rs. In Crores

September 30 2021
March 31 2021
Unaudited
Audited
ASSETS
Non-Current Assets
Property, Plant and Equipment
292.69
258.30
Capital work-in-progress
9.50
46.46
Right of Use Assets
216.39
224.64
Goodwill
3578.51
3578.51
Other Intangible Assets
2507.19
2509.90
Intangible Assets under development
9.85
16.44
Financial Assets
Investments
2825.22
2605.19
Loans
20.00
21.71
Other Financial Assets
111.05
103.59
Non-Current Tax Assets (Net)
112.37
122.61
Other Non-Current Assets
89.47
88.91
9772.24
9576.26
Current assets
Inventories
1329.67
1408.37
Financial Assets
Investments
138.27
287.77
Trade Receivables
217.82
257.23
Cash and Cash Equivalents
344.41
644.74
Other Bank Balances
1277.35
968.95
Loans
88.80
3.79
Other Financial Assets
68.70
31.57
Other Current Assets
277.28
253.08
3742.30
3855.50
TOTAL ASSETS
13514.54
13431.76
EQUITY AND LIABILITIES
Equity
Equity Share Capital
92.16
92.16
Other Equity
11252.99
11131.94
TOTAL EQUITY
11345.15
11224.10
Non-Current Liabilities
Financial Liabilities
Lease Liability
210.99
215.30
Other Financial Liabilities
80.56
76.20
Provisions
155.80
148.21
Deferred Tax Liabilities
429.07
367.55
876.42
807.26
Current Liabilities
Financial Liabilities
Lease Liability
28.69
28.94
Trade Payables
Total outstanding dues of Micro enterprises
 and Small enterprises
12.76
13.96
Total outstanding dues of creditors other
 than Micro enterprises and Small enterprises
1006.95
1088.67
Other Financial Liabilities
67.93
81.93
Other Current Liabilities
88.83
99.73
Provisions
82.68
82.04
Current Tax Liabilities (Net)
5.13
5.13
1292.97
1400.40
TOTAL EQUITY AND LIABILITIES
13514.54
13431.76

 

 

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

Unaudited Standalone Statement of Cash Flows for the six months ended September 30, 2021

                 Rs. In Crores

Particulars
September 30,
 2021
September 30,
 2020
A.
Cash Flow from Operating Activities
Net Profit before Tax
626.44
544.96
Adjusted for :
Depreciation and Amortisation
70.97
60.43
Dividend Income
(130.80)
(38.14)
Unrealised Exchange (Gain) / Loss
(0.08)
0.54
Finance Cost
15.31
12.99
Fair value movement in Financial instruments at fair value through profit and loss
(4.41)
(4.35)
Interest Income
(37.80)
(28.56)
Profit on sale of current investments (net)
(4.14)
(8.16)
Impairment loss recognised in trade receivables & advances (net of reversal)
-
15.80
(Profit) / Loss on sale of Property, Plant & Equipment including Investment Property (net)
0.51
0.23
Exceptional Items
7.19
40.30
Operating Profit before working capital changes
543.19
596.04
Adjustments for:
Trade Receivables & Other Assets
(20.76)
(4.52)
Inventories
78.70
(762.01)
Trade payables & Other Liabilities
(111.69)
473.79
Cash generated from Operations
489.44
303.30
Direct Taxes paid (net)
(76.22)
(0.45)
Net Cash from/(used in) Operating Activities
413.22
302.85
B.
Cash Flow from Investing Activities
Payment for Property, Plant and Equipment and Intangibles
(41.29)
(41.45)
Sale of Property, Plant and Equipment
0.33
0.03
Investment in Associate
(150.00)
-
Acquisition of a Subsidiary
-
(13.00)
Investment in Joint Ventures
(61.00)
(97.50)
Dividend Income received
130.80
38.14
Interest Income received
29.47
26.70
(Purchase) / Sale of Current Investments (net)
153.64
538.92
(Placement) / Redemption Fixed deposits (net)
(306.30)
(366.77)
Inter Corporate Deposits and Loans (net)
(83.25)
(3.00)
Net cash from / (used in) Investing Activities
(327.60)
82.07
C.
Cash Flow from Financing Activities
Working Capital facilities (net)
-
4.50
Payment of Lease Liabilities
(15.52)
(13.41)
Dividend paid
(373.23)
(248.82)
Finance Cost paid
(10.58)
(8.43)
Refund of Dividend Distribution Tax paid in an earlier year
13.38
-
Net Cash from / (used in) Financing Activities
(385.95)
(266.16)
Net increase / (decrease) in Cash and Cash Equivalents (A+B+C)
(300.33)
118.76
Opening balance of Cash & Cash equivalent
644.74
243.24
Closing Cash & Cash Equivalent
344.41
362.00

 

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