Tata Consumer Products' Q2FY24 Financial Performance Review
In this financial performance review, we delve into the results of Tata Consumer Products for the second quarter of fiscal year 2024 and analyze key metrics, including revenue, expenses, net profit, and margin.
| Particulars | Q2FY23 | YoY (% change) | Q1FY24 | QoQ (% change) | Q2FY24 |
| Total Income (₹crs.) | 3,392 | 12.71 | 3,798 | 0.66 | 3,823 |
| Total Expenses (₹crs.) | 3,021 | 9.83 | 3,304 | 0.42 | 3,318 |
| Net Profit (₹crs.) | 354 | 1.41 | 358 | 0.28 | 359 |
| Margin (%) | 10.44 | -1.05 | 9.43 | -0.04 | 9.39 |
REVENUE:
Tata Consumer Products reported a total income of ₹3,823 crores in the second quarter of fiscal year 2024, marking a slight increase of 0.66% sequentially. Year-on-year (YoY), the revenue showed substantial growth, with a 12.71% increase from ₹3,392 crores in Q2FY23.
EXPENSES:
The company's expenses amounted to ₹3,318 crores, indicating a marginal increase of 0.42% compared to the preceding quarter. In a YoY comparison, expenses increased by 9.83% from ₹3,021 crores in Q2FY23.
NET PROFIT:
In the second quarter of FY24, they reported a net profit of ₹359 crores, demonstrating a slight growth of 0.28% sequentially. YoY, the net profit showed a moderate increase of 1.41% from ₹354 crores.
MARGINS:
Tata Consumer Products' margin in Q2FY24 was 9.39%, with a marginal decrease of -0.04% compared to the preceding quarter. Year-on-year, the margin experienced a decrease of -1.05%, down from 10.44% in Q2FY23.
In conclusion, Tata Consumer Products' financial performance in the second quarter of fiscal year 2024 reflects stable revenue growth, with a noteworthy YoY increase. However, the company witnessed a slight decline in margin and a marginal increase in expenses. The net profit remained relatively stable.
Stay tuned for more updates on upcoming financial performances.
