REG - Tata Consumer Prod. - Half-year Result
RNS Number : 8631FTata Consumer Products Limited19 November 2020
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, 2020
Rs. In Crores
Particulars
Three months ended
Year to date ended
Year ended
September 30, 2020
June 30,
2020September 30, 2019*
September 30, 2020
September 30, 2019*
March 31,
2020Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
Audited
Revenue from Operations
2781.34
2713.91
2347.07
5495.25
4739.43
9637.42
Other Income
26.22
32.71
28.03
58.93
61.12
111.59
Total Income
2807.56
2746.62
2375.10
5554.18
4800.55
9749.01
Cost of Materials Consumed
1208.11
1013.85
907.68
2221.96
1786.89
3606.66
Purchase of stock in trade
518.98
533.32
436.46
1052.30
846.37
1796.24
Changes in inventories of finished goods, work in progress and stock in trade
(80.94)
(46.55)
(18.14)
(127.49)
57.65
7.78
Employee Benefits Expense
229.73
229.05
220.05
458.78
433.81
884.80
Finance Costs
17.87
17.28
20.41
35.15
39.04
77.86
Depreciation and Amortisation Expense
62.57
61.90
58.66
124.47
116.23
241.71
Advertisement and Sales charges
166.38
133.76
162.68
300.14
293.96
676.72
Other Expenses
339.50
367.83
323.55
707.33
655.09
1373.07
Total Expenses
2462.20
2310.44
2111.35
4772.64
4229.04
8664.84
Profit before Exceptional Items and Tax
345.36
436.18
263.75
781.54
571.51
1084.17
Exceptional Items (Net)
(23.90)
63.31
(1.50)
39.41
(9.56)
(274.79)
Profit before Tax
321.46
499.49
262.25
820.95
561.95
809.38
Tax Expense
Current tax
(25.18)
(27.10)
(18.97)
(52.28)
(37.24)
(89.05)
Deferred tax
(61.95)
(83.30)
(44.63)
(145.25)
(128.54)
(185.14)
Total Tax Expense (Net)
(87.13)
(110.40)
(63.60)
(197.53)
(165.78)
(274.19)
Net Profit after Tax
234.33
389.09
198.65
623.42
396.17
535.19
Share of net profit/(loss) in Associates and Joint Ventures using equity method
38.85
(43.54)
9.24
(4.69)
1.81
(75.08)
Group Consolidated Net Profit (A)
273.18
345.55
207.89
618.73
397.98
460.11
Attributable to :
Owners of the Parent
257.06
327.56
193.16
584.62
366.90
459.76
Non Controlling Interest
16.12
17.99
14.73
34.11
31.08
0.35
Other Comprehensive Income
i) Items that will not be reclassified to profit or loss
Remeasurement of the defined benefit plans
(7.18)
(61.73)
20.75
(68.91)
16.89
31.18
Changes in fair valuation of equity instruments
1.07
1.60
(4.25)
2.67
(0.21)
12.50
(6.11)
(60.13)
16.50
(66.24)
16.68
43.68
Tax impact on above items
0.72
7.14
(4.78)
7.86
(2.17)
(3.31)
(5.39)
(52.99)
11.72
(58.38)
14.51
40.37
ii) Items that will be reclassified to profit or loss
Exchange differences on translation of foreign operations
29.91
(10.22)
30.88
19.69
(59.73)
225.69
Gains/(loss) on Effective portion of cash flow hedges
30.84
(38.27)
(24.06)
(7.43)
(1.14)
13.48
60.75
(48.49)
6.82
12.26
(60.87)
239.17
Tax impact on above items
(6.60)
8.25
4.63
1.65
(1.04)
1.94
54.15
(40.24)
11.45
13.91
(61.91)
241.11
Total Other Comprehensive Income (B)
48.76
(93.23)
23.17
(44.47)
(47.40)
281.48
Attributable to :
Owners of the Parent
42.21
(80.85)
21.40
(38.64)
(36.40)
233.89
Non Controlling Interest
6.55
(12.38)
1.77
(5.83)
(11.00)
47.59
Total Comprehensive Income (A+B)
321.94
252.32
231.06
574.26
350.58
741.59
Attributable to :
Owners of the Parent
299.27
246.71
214.56
545.98
330.50
693.65
Non Controlling Interest
22.67
5.61
16.50
28.28
20.08
47.94
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
13700.84
Earnings per share (Basic & Diluted) (not annualised for the quarter) - Rs
2.79
3.55
2.10
6.34
3.98
4.99
* Restated (Refer Note 6)
Notes:
1. For the quarter, Revenue from operations increased by 19% (16% in constant currency) as compared to corresponding quarter of the previous year led by volume and value growth in both branded and non-branded business. Profit before exceptional items and tax at Rs 345 Crores is higher by 31% as compared to corresponding quarter of the previous year, mainly on account of growth in revenue, and control over expenditure partly offset by higher commodity costs in India. Group Consolidated Net Profit is higher by 31% benefitting from higher shares of profits in Associates & Joint Ventures partly offset by exceptional costs.
2. In the current COVID environment, the Group's business segments in out of home consumption continues to be adversely impacted although there is an improving trend (including operations of the Group's joint venture Tata Starbucks). There can be future business uncertainties depending on developments in relation to the pandemic which would include supply constraints and commodity cost volatility.
3. Exceptional item for the current quarter represent 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. Exceptional items for the corresponding quarter of the previous year represent costs relating to scheme of merger.
4. The Indian Parliament has approved the Code on Social Security, 2020. Pending notification of the effective date and the relevant rules, the financial impact has not been quantified.
5. 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.
6. Figures of the quarter and year to date ended September 30, 2019 as reported have been restated consequent to the demerger and transfer of Consumer Product Business (foods business) of Tata Chemicals Limited with the Company as the 'Appointed date' of the Scheme was April 1, 2019.
7. The Consolidated Statement of Assets and Liabilities as at September 30, 2020 and Consolidated Cash Flow Statement for the period ended September 30, 2020 is annexed.
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 November 05, 2020 and subsequently taken on record by the Board of Directors at its Meeting held on November 06, 2020. The Statutory Auditors of the Company have conducted limited review on these results.
10. The Consolidated and Standalone result for the quarter and six months ended September 30, 2020 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: November 6, 2020
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, 2020
Rs. In Crores
Particulars
Three months ended
Year to date ended
Year ended
September 30, 2020
June 30,
2020September 30, 2019*
September 30, 2020
September 30, 2019*
March 31,
2020Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
Audited
Segment Revenue
Branded Business
India - Beverages
1120.00
1000.46
847.57
2120.46
1748.94
3376.89
India - Foods
580.31
589.06
513.02
1169.37
1008.24
2063.74
International - Beverages
800.50
867.38
745.71
1667.88
1499.99
3226.04
Total Branded Business
2500.81
2456.90
2106.30
4957.71
4257.17
8666.67
Non Branded Business
287.64
264.42
242.23
552.06
485.15
974.94
Total Segment Revenue
2788.45
2721.32
2348.53
5509.77
4742.32
9641.61
Others
3.24
1.07
5.97
4.31
12.01
26.63
Less: Inter segment Sales
(10.35)
(8.48)
(7.43)
(18.83)
(14.90)
(30.82)
Revenue from Operations
2781.34
2713.91
2347.07
5495.25
4739.43
9637.42
Segment Results
Branded Business
India - Beverages
149.33
215.30
112.40
364.63
250.43
465.14
India - Foods
92.95
114.56
68.48
207.51
142.97
266.45
International - Beverages
100.72
125.49
74.01
226.21
153.25
360.76
Total Branded Business
343.00
455.35
254.89
798.35
546.65
1092.35
Non Branded Business
18.11
13.95
16.35
32.06
38.30
55.65
Total Segment Results
361.11
469.30
271.24
830.41
584.95
1148.00
Add/(Less)
Other Income
23.97
29.29
25.25
53.26
55.28
93.35
Finance Cost
(17.87)
(17.28)
(20.41)
(35.15)
(39.04)
(77.86)
Unallocable items
(21.85)
(45.13)
(12.33)
(66.98)
(29.68)
(79.32)
Exceptional Items
(23.90)
63.31
(1.50)
39.41
(9.56)
(274.79)
Profit Before Tax
321.46
499.49
262.25
820.95
561.95
809.38
Segment Assets
Branded Business
India - Beverages
2478.25
1543.00
1697.68
2478.25
1697.68
1554.03
India - Foods
6188.80
6204.81
6,251.61
6188.80
6251.61
6,231.66
International - Beverages
5304.98
5355.44
5305.35
5304.98
5305.35
5352.99
Total Branded Business
13972.03
13103.25
13254.64
13972.03
13254.64
13138.68
Non Branded Business
1515.36
1575.68
1540.06
1515.36
1540.06
1599.93
Total Segment Assets
15487.39
14678.93
14794.70
15487.39
14794.70
14738.61
Unallocable Corporate Assets
3916.82
4308.73
3049.37
3916.82
3049.37
3763.99
Total Assets
19404.21
18987.66
17844.07
19404.21
17844.07
18502.60
Segment Liabilities
Branded Business
India - Beverages
1036.99
715.00
570.10
1036.99
570.10
538.32
India - Foods
284.15
243.15
164.91
284.15
164.91
240.72
International - Beverages
711.69
754.15
695.64
711.69
695.64
759.99
Total Branded Business
2032.83
1712.30
1430.65
2032.83
1430.65
1539.03
Non Branded Business
178.36
158.34
161.33
178.36
161.33
186.98
Total Segment Liabilities
2211.19
1870.64
1591.98
2211.19
1591.98
1726.01
Unallocable Corporate Liabilities
1972.15
1976.10
1727.42
1972.15
1727.42
1869.26
Total Liabilities
4183.34
3846.74
3319.40
4183.34
3319.40
3595.27
* Restated (Refer Note 6)
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
Unaudited Consolidated Statement of Assets and Liabilities as at September 30, 2020
Rs. In Crores
As at
September 30, 2020As at
March 31,
2020
Unaudited
Audited
ASSETS
Non-Current Assets
Property Plant and Equipment
1179.02
1207.50
Capital Work in Progress
80.42
87.56
Investment Property
49.59
50.04
Right of Use Assets
279.66
293.46
Goodwill
7426.80
7333.83
Other Intangible Assets
2745.04
2771.21
Intangible Assets under Development
9.11
7.79
Investments accounted for using Equity method
307.01
228.19
Financial Assets
Investments
268.19
261.11
Loans
22.99
22.50
Other Financial Assets
34.37
32.17
Deferred Tax Assets (Net)
28.87
29.56
Non-current Tax Assets (net)
134.48
146.06
Other Non Current Assets
361.02
349.56
12926.57
12820.54
Current Assets
Inventories
2574.73
1712.03
Financial Assets
Investments
233.86
833.55
Trade Receivables
750.74
922.41
Cash and Cash Equivalent
1418.27
1121.67
Other Bank balances
862.92
499.79
Loans
144.76
116.54
Other Financial Assets
117.18
173.24
Current Tax Assets (net)
4.13
1.17
Other Current Assets
371.05
301.66
6477.64
5682.06
TOTAL ASSETS
19404.21
18502.60
EQUITY AND LIABILITIES
Equity
Equity Share Capital
92.16
92.16
Other Equity
14019.89
13722.70
Equity attributable to the equity holders of the company
14112.05
13814.86
Non Controlling Interest
1108.82
1092.47
Total Equity
15220.87
14907.33
Non-Current Liabilities
Financial Liabilities
Borrowings
728.16
794.67
Lease Liability
286.62
291.96
Other Financial Liabilities
11.49
13.93
Provisions
197.86
183.22
Deferred Tax Liabilities (Net)
458.72
316.03
Non Current Tax Liabilities
16.39
16.86
1699.24
1616.67
Current Liabilities
Financial Liabilities
Borrowings
411.97
387.81
Lease Liability
34.31
37.97
Trade Payables
1431.23
943.99
Other Financial Liabilities
370.95
382.55
Other Current Liabilities
114.73
100.25
Provisions
88.72
92.41
Current Tax Liabilities (net)
32.19
33.62
2484.10
1978.60
TOTAL EQUITY AND LIABILITIES
19404.21
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
Unaudited Consolidated Statement of Cash Flows for the six months ended September 30, 2020
Rs. In Crores
Particulars
September 30,
2020September 30,
2019A.
Cash Flow from Operating Activities
Net Profit before Tax
820.95
561.95
Adjusted for :
Depreciation and Amortisation
124.47
116.23
Finance Cost
35.15
39.04
Dividend Income
(2.30)
(3.24)
Profit on sale of current investments (net)
(8.76)
(18.06)
Fair value movement in Financial instruments at fair value through profit or loss
(4.82)
(1.24)
Interest Income
(37.43)
(32.92)
Unrealised foreign exchange (gain) / loss
5.00
(1.83)
Impairment loss recognised in trade receivables
16.12
3.84
Other non operating income
-
(1.83)
(Profit) / Loss on sale of Property, Plant & Equipment including Investment property (net)
0.23
0.03
Rental Income from Investment Property
(2.08)
(1.21)
Exceptional items -
Gain on conversion of a Joint Venture into a Subsidiary
(84.30)
-
Impairment of Asset
4.59
-
Other Exceptional Expenses
40.30
9.56
Operating Profit before working capital changes
907.12
670.32
Adjustments for:
Trade Receivables & Other Assets
165.93
(347.28)
Inventories
(854.21)
3.81
Trade payables & Other Liabilities
359.39
(23.64)
Cash generated from /(used in) operations
578.23
303.21
Direct taxes paid (net)
(45.46)
(73.39)
Net Cash from /(used in) Operating Activities
532.77
229.82
B.
Cash Flow from Investing Activities
Payment for Property, Plant and Equipment including Intangibles assets
(63.12)
(59.17)
Sale of Property, Plant and Equipment
1.10
1.75
Rental Income from Investment Property
2.08
1.21
Purchase of Non-Current Investments
-
(0.16)
Acquisition of Business
-
(101.01)
Acquisition of a Subsidiary
(13.00)
-
Investments in Joint Ventures
(97.50)
(53.00)
(Purchase) / Sale of Current Investments (net)
608.92
321.27
(Placement) / Redemption Fixed deposits (net)
(363.89)
(288.00)
Inter Corporate Loans and Deposits (net)
(33.00)
86.04
Dividend Income received (including dividend from Associates & JVs)
5.04
4.73
Interest Income received
32.71
15.01
Net cash from /(used in) Investing Activities
79.34
(71.33)
C.
Cash Flow from Financing Activities
Proceeds / (Repayment) from Long term borrowings (net)
(30.85)
(2.24)
Availment / (Repayment) of short term borrowings (net)
20.82
76.24
Payment of Lease Liabilities
(22.43)
(20.58)
Finance Cost paid
(32.36)
(35.04)
Dividend & Dividend Tax paid
(260.75)
(216.06)
Refund of Dividend Distribution Tax paid in an earlier year
9.07
-
Net Cash from / (used in) Financing Activities
(316.50)
(197.68)
Net increase / (decrease) in Cash and Cash Equivalents (A+B+C)
295.61
(39.19)
Opening balance of Cash and Cash Equivalent
889.34
737.48
Cash and Cash equivalent on acquisition of a subsidiary
5.11
-
Exchange Gain/ (Loss) on translation of foreign currency Cash and Cash equivalents
(10.00)
(8.13)
Closing Cash and Cash Equivalent
1180.06
690.16
Reconciliation with Balance Sheet
Cash and Cash Equivalents
1180.06
690.16
Add : Bank Overdraft
238.21
244.73
Balance at the end of the period
1418.27
934.89
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, 2020
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
2020
2020
2019
2020
2019
2020
Unaudited
Unaudited
Unaudited
Unaudited
Unaudited
Audited
Revenue from Operations
1736.14
1605.43
1427.16
3341.57
2891.20
5690.24
Other Income
33.57
45.70
35.30
79.27
76.24
117.75
Total Income
1769.71
1651.13
1462.46
3420.84
2967.44
5807.99
Cost of materials consumed
863.14
603.91
597.60
1467.05
1176.47
2305.02
Purchase of stock-in-trade
353.86
340.15
274.94
694.01
527.23
1123.86
Changes in inventories of finished goods, work-in-progress & stock-in-trade
(87.74)
5.62
(0.10)
(82.12)
81.06
44.36
Employees benefits expense
77.45
71.77
78.80
149.22
146.69
283.44
Finance costs
6.46
6.53
5.90
12.99
11.78
25.73
Depreciation and amortisation expense
30.84
29.59
27.17
60.43
52.42
114.82
Advertisement and sales charges
90.04
56.49
96.65
146.53
169.30
384.91
Other expenses
185.66
201.81
175.48
387.47
353.70
744.63
Total Expenses
1,519.71
1315.87
1256.44
2835.58
2518.65
5026.77
Profit before Exceptional Items and Tax
250.00
335.26
206.02
585.26
448.79
781.22
Exceptional Items (Net)
(19.30)
(21.00)
(1.50)
(40.30)
(9.56)
(51.81)
Profit before Tax
230.70
314.26
204.52
544.96
439.23
729.41
Tax Expense
Current Tax
(1.83)
(1.13)
(0.08)
(2.96)
(0.08)
0.61
Deferred Tax
(59.48)
(80.82)
(49.31)
(140.30)
(129.53)
(206.48)
Total Tax Expense ( net of reversals)
(61.31)
(81.95)
(49.39)
(143.26)
(129.61)
(205.87)
Net Profit after Tax (A)
169.39
232.31
155.13
401.70
309.62
523.54
Other Comprehensive Income
i) Items that will not be reclassified to profit or loss
Remeasurement of defined benefit plans
2.81
(14.43)
(5.47)
(11.62)
(16.06)
(28.18)
Changes in fair valuation of equity instruments
1.07
1.60
(3.69)
2.67
(0.21)
9.84
3.88
(12.83)
(9.16)
(8.95)
(16.27)
(18.34)
Tax impact of above items
(0.69)
3.63
(0.31)
2.94
3.39
7.47
3.19
(9.20)
(9.47)
(6.01)
(12.88)
(10.87)
ii) Items that will be reclassified to profit or loss
Gains/(loss) on effective portion of cash flow hedges
2.67
(0.84)
(2.78)
1.83
(2.66)
(6.53)
Tax impact of above item
(0.67)
0.21
0.92
(0.46)
0.88
2.13
2.00
(0.63)
(1.86)
1.37
(1.78)
(4.40)
Other Comprehensive Income (Net of tax) (B)
5.19
(9.83)
(11.33)
(4.64)
(14.66)
(15.27)
Total Comprehensive Income (A+B)
174.58
222.48
143.80
397.06
294.96
508.27
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
10735.99
Earnings per share (Basic & Diluted) (not annualised for the quarter and year to date end) - Rs.
1.84
2.52
1.68
4.36
3.36
5.68
*Restated (Refer Note 6)
Notes:
1. For the quarter, Revenue from operations at Rs 1736 crores increased by 22% over corresponding quarter of the previous year driven by growth in volume and value realisation in both branded beverages and food business. Profit before exceptional items at Rs 250 crores is higher by 21% as compared to corresponding quarter of previous year mainly on account of growth in revenue and control over expenditures partly offset by higher commodity costs. Profit after tax is also higher than corresponding quarter of previous year.
2. The Company's sales remain unaffected by the current COVID environment. However, there can be future business uncertainties depending on developments in relation to the pandemic which would include supply constraints and commodity cost volatility.
3. Exceptional item for the current quarter represent costs relating to the business integration of foods business of Rs 10 crores and redundancy costs of Rs 9 crores. Exceptional costs for the corresponding quarter of previous year represents costs relating to scheme of merger
4. The Indian Parliament has approved the Code on Social Security, 2020. Pending notification of the effective date and the relevant rules, the financial impact has not been quantified.
5. 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.
6. Figures of the quarter and year to date ended Sep 30, 2019 as reported has been restated consequent to the demerger and transfer of Consumer Product Business (foods business) of Tata Chemicals Limited with the Company as the 'Appointed date' of the Scheme was April 1, 2019.
7. Statement of Assets and Liabilities as at September 30, 2020 along with Cash flow statement for the period ended September 30, 2020 is annexed.
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 November 5, 2020 and subsequently taken on record by the Board of Directors at its meeting held on November 6, 2020. The Statutory Auditors of the Company have conducted limited review on these results.
Mumbai: November 6, 2020
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
Unaudited Statement of Assets and Liabilities as at September 30, 2020
Rs. In Crores
September 30 2020
March 31 2020
Unaudited
Audited
ASSETS
Non-Current Assets
Property, Plant and Equipment
225.28
225.32
Capital work-in-progress
18.63
22.16
Right of Use Assets
123.72
124.88
Goodwill
3578.51
3578.51
Other Intangible Assets
2516.05
2523.83
Intangible Assets under development
6.77
5.99
Financial Assets
Investments
2442.44
2324.91
Loans
22.83
22.35
Other Financial Assets
27.68
24.68
Non-Current Tax Assets (Net)
120.55
123.06
Other Non-Current Assets
94.04
87.64
9176.50
9063.33
Current assets
Inventories
1,682.05
919.95
Financial Assets
Investments
193.75
724.51
Trade Receivables
291.47
314.17
Cash and Cash Equivalents
362.00
243.24
Other Bank Balances
860.44
494.53
Loans
2.69
0.66
Other Financial Assets
40.24
75.20
Other Current Assets
264.98
214.84
3697.62
2987.10
TOTAL ASSETS
12874.12
12050.43
EQUITY AND LIABILITIES
Equity
Equity Share Capital
92.16
92.16
Other Equity
10906.09
10757.85
TOTAL EQUITY
10998.25
10850.01
Non-Current Liabilities
Financial Liabilities
Lease Liability
120.37
121.82
Provisions
154.14
137.52
Deferred Tax Liabilities
287.04
149.22
561.55
408.56
Current Liabilities
Financial Liabilities
Borrowings
39.50
35.00
Lease Liability
25.60
23.69
Trade Payables
Total outstanding dues of Micro enterprises
and Small enterprises5.89
4.31
Total outstanding dues of creditors other
than Micro enterprises and Small enterprises969.58
442.73
Other Financial Liabilities
98.81
120.11
Other Current Liabilities
85.61
75.91
Provisions
73.18
73.96
Current Tax Liabilities (Net)
16.15
16.15
1314.32
791.86
TOTAL EQUITY AND LIABILITIES
12874.12
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
Unaudited Standalone Statement of Cash Flows for the six months ended September 30, 2020
Rs. In Crores
Particulars
September
2020September
2019A.
Cash Flow from Operating Activities
Net Profit before Tax
544.96
439.23
Adjusted for :
Depreciation and Amortisation
60.43
52.42
Finance Cost
12.99
11.78
Dividend Income
(38.14)
(32.89)
Profit on sale of current investments (net)
(8.16)
(17.26)
Fair value movement in Financial instruments at fair value through profit and loss
(4.35)
(0.41)
Interest Income
(28.56)
(23.22)
Unrealised Foreign Exchange (Gain) / Loss
0.54
(0.02)
Impairment loss recognised in trade receivables
15.80
3.71
(Profit) / Loss on sale of Property, Plant & Equipment (net)
0.23
0.01
Other Exceptional Expense / (Income) (net)
40.30
9.56
Operating Profit before working capital changes
596.04
442.91
Adjustments for:
Trade Receivables & Other Assets
(4.52)
(354.45)
Inventories
(762.01)
22.38
Trade payables & Other Liabilities
473.79
34.63
Cash generated from Operations
303.30
145.47
Direct Taxes paid (net)
(0.45)
(35.45)
Net Cash from/(used in) Operating Activities
302.85
110.02
B.
Cash Flow from Investing Activities
Payment for Property, Plant and Equipment and Intangibles
(41.45)
(9.83)
Sale of Property, Plant and Equipment
0.03
0.01
Acquisition of Business
-
(101.01)
Acquisition of a Subsidiary
(13.00)
-
Investment in Joint Ventures
(97.50)
(53.00)
(Purchase) / Sale of Current Investments (net)
538.92
300.98
(Placement) / Redemption Fixed deposits (net)
(366.77)
(288.00)
Inter Corporate Deposits and Loans (net)
(3.00)
1.75
Dividend Income received
38.14
32.89
Interest Income received
26.70
12.80
Net cash from / (used in) Investing Activities
82.07
(103.41)
C.
Cash Flow from Financing Activities
Availment / (Repayment) of short term borrowings (net)
4.50
35.88
Payment of Lease Liabilities
(13.41)
(12.56)
Finance Cost paid
(8.43)
(7.42)
Dividend & Dividend Tax paid
(248.82)
(186.90)
Net Cash from / (used in) Financing Activities
(266.16)
(171.00)
Net increase / (decrease) in Cash and Cash Equivalents (A+B+C)
118.76
(164.39)
Opening balance of Cash & Cash equivalent
243.24
404.43
Closing Cash & Cash Equivalent
362.00
240.04
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.ENDIR KKLBFBFLFFBB
Recent news on Tata Consumer Products
See all newsREG - Stock Exch Notice Tata Cnsmr Prod-TGBA - Cancellation - Tata Consumer Products Limited
AnnouncementREG - Tata Consumer Prod. - Intention to cancel listing from the official list
AnnouncementREG - Tata Consumer Prod. - Intention to cancel listing from the Official List
AnnouncementREG - Tata Consumer Prod. - Notice of AGM
AnnouncementREG - Tata Consumer Prod. - Grant of fourth tranche of PSU
Announcement