New Delhi, Jan. 28 -- Tata Consumer Products Ltd's consolidated Ebitda increased almost 28% year-on-year in the December quarter (Q3FY26) to Rs.721 crore, with its margin expanding 140 basis points (bps) to 14.1%. The growth rate looks impressive partly because Q3FY25 profitability had suffered due to high input prices of tea, which were passed on in Q4FY25.

The volatility in the tea business has compelled Tata Consumer to stay focused on the performance of 'growth' businesses, which are essentially the branded segments in India other than tea and salt. They include Tata Sampann, Tata Soulfull, ready-to-drink (RTD) products (Tata Gluco+, Tata Copper+, Himalayan), Capital Foods (Ching's Secret and Smith & Jones) and Organic India.

In Q3F...