Tata consumer Q2 net profit up despite higher costs, weak tea demand

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Synopsis Tata Consumer Products encountered unchanged tea volumes and decreasing revenue in the September quarter as weak demand and surging commodity costs took their toll. To counter this, the company emphasized its salt business, which saw significant revenue increases driven by volume growth and price hikes. Meanwhile, international revenue held steady despite challenges in the UK market caused by weather issues. Mumbai: Weak tea demand and rising commodity costs are putting pressure on Tata Consumer Products’ core business, prompting the company to lean on salt and newer businesses to sustain growth. Tea volumes remained flat in the September quarter, while…

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