Analysts/Institutional Investor Meet/Con. Call Updates

July 28, 2026 National Stock Exchange of India BSE Limited The Calcutta Stock Exchange Limited Phiroze Jeejeebhoy Towers Limited Exchange Plaza, C-1, G Block Dalal Street 7 Lyons Range Bandra Kurla Complex, Bandra (E) Mumbai 400001 Kolkata 700 001 Mumbai 400 051 Scrip Code – 10000027 (Demat) Scrip Code – TATACONSUM Scrip Code - 500800 27 (Physical) Sub: Transcript of Earnings Conference Call pertaining to financial results for the quarter ended June 30, 2026 Dear Sir/Madam, In accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), please find enclosed the transcript of Earnings Conference Call held on Friday, July 24, 2026, in respect of the financial results for the quarter ended June 30, 2026. The same can also be viewed at https://www.tataconsumer.com/investors/financial-information/call- transcripts This is for your information and records and treat the same as compliance with the applicable provisions of the SEBI Listing Regulations. Yours faithfully, For Tata Consumer Products Limited Delnaz Dara Harda Company Secretary & Compliance Officer Membership No.: ACS73704 Encl.: as above 11/13 Botawala Building 1st Floor Office No 2-6 Horniman Circle Fort Mumbai 400 001 India Tel: 91-22-6121-8400 | Fax: 91-22-61218499 Registered Office: Tata Centre, 1st Floor, 43, Jawaharlal Nehru Road, Kolkata – 700 071 Corporate Identity Number (CIN): L15491WB1962PLC031425 Email: investor.relations@tataconsumer.com Website: www.tataconsumer.com Public “Tata Consumer Products Limited Q1 FY27 Earnings Conference Call” July 24, 2026 MANAGEMENT: MR. SUNIL D'SOUZA – MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER MR. ASHISH GOENKA – GROUP CHIEF FINANCIAL OFFICER MR. AJIT KRISHNAKUMAR – EXECUTIVE DIRECTOR AND CHIEF OPERATING OFFICER MS. NIDHI VERMA – HEAD, INVESTOR RELATIONS & CORPORATE COMMUNICATIONS Page 1 of 15 Tata Consumer Products Limited July 24, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Tata Consumer Products Q1 FY27 Earnings Conference Call. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Ms. Nidhi Verma, Head of Investor Relations and Corporate Communications. Thank you, and over to you. Nidhi Verma: Thank you so much, and welcome, everyone, to the Q1 FY27 call for Tata Consumer. Earlier today, we announced our results and uploaded the investor presentation and other materials. Hope you have seen the refreshed design. We've also tried to simplify and align the segmentation of the businesses in line with what we share more color with you on. With that, if you go to the -- yes, I just want to draw your attention to the disclaimer statement, which is up on your screen before we begin. As usual, I'm joined by Mr. Sunil D'Souza, Managing Director and CEO; Mr. Ashish Goenka, Group CFO; Mr. Ajit Krishnakumar, Executive Director and COO. In terms of the format, we will spend about 15-odd minutes walking you through the key highlights and performance updates during the quarter, and then we will open the floor for Q&A. With that, I'll hand it over to Sunil. Sunil D’Souza: Thanks, Nidhi. So in summary, overall, our consolidated revenue grew 12% with the India business delivering a 13% UVG. India tea volumes were up by 2% despite the prolonged summer, but revenue declined 4% because as tea costs came down, we've been passing the benefit to the consumers. Salt delivered 7% revenue growth, led by 7% volume growth despite the fact that in the month of June, we did take a price increase. Growth businesses grew 47% year-on-year and scaled to 36%. In terms of growth, I think this was the best ever quarter for the growth businesses for TCPL and they account for more than one-third of the India business now. Sampann grew 58%, and it was broad-based volume growth. RTD revenue was up 41% with robust volume growth. Capital Foods and Organic India grew 35% combined. International business grew 3% in constant currency, and overall, including forex, grew by 16%. The U.S. business delivered 7% constant currency growth with, I think, the seventh quarter of consecutive share growth. Non-branded business, as coffee prices came down in line with expectations, we saw it declining 7%. If I take constant currency, it was down by 10%. We delivered a 19% growth in EBITDA and margins expanded 70 bps to 13.6%. Innovation fired on all cylinders, and we launched 14 new products during the quarter, and we've got a robust pipeline for innovation for the rest of the year. Page 2 of 15 Tata Consumer Products Limited July 24, 2026 Starbucks had probably a very good quarter. Revenue grew 11% year-on-year. I have to say that we were cycling a slightly subdued quarter last year during the same quarter. But even without that, the same-store sales were in a healthy range. So in terms of businesses, India salt up 7%, revenue north of INR1,000 crores. India tea and coffee was down 4%, revenue INR1,200 crores. Growth businesses, if you look at it now, this is a bigger segment than India salt and tea & coffee. Revenue was INR1,300 crores, growing at 47%. International constant currency 3%, reported 16% growth, INR1,245 crores. Non-branded close to INR500 crores, down 7%, but in constant currency, down 10%. So consolidated all in constant currency, up by 9%, reported up by 12% at INR5,349 crores. Financials, 12% revenue growth translated to 19% EBITDA growth and a 13.6% margin. PBT was up 27% and net profit was up 29% at INR427 crores. EPS was INR4.31 and last quarter, if you remember, we started reporting adjusted EPS because we do amortize some of the brands from the businesses that we’ve acquired. If I net that off, our adjusted EPS is INR4.67 per share. And if I go to the strategic priorities, we continue to put money behind A&P. Our Q1 -- was 6.1% behind almost all our brands. Growth businesses are now accounting for 36%, growing at 47% year-on-year. Our innovation focuses on three big pillars, health and wellness, convenience, and premiumization, and we had launches across all these pillars. We continue to focus on sustainability. We are now a member of Dow Jones World Index, which we were incorporated on December 4, 2025. CRISIL, we moved from 61 to 67 and [ESG Risk] 62 to 68. Specific businesses India Beverages, I talked about volume being up, revenue down 4%. Unusually strong summer along with a minor issue of LPG shortages impacting small restaurants and street-side vendors including hot tea shops in the south did impact the business. But coffee continued to grow 24%. Salt, strong show despite the fact that we took calibrated price increases as I mentioned in June. Broadly, Tata Salt, the orange bag moved from INR30 to 32 in terms of MRP, but value-added salts continue to deliver strong growth at a 13%. Tata Sampann had a stellar quarter; we had a 58% revenue growth driven by volume. We had growth across categories, whether it is core or our new launches of dry fruits and cold-pressed oil, and our whole spices had another great quarter. RTD strong growth, revenue up 41% driven by 38% volume growth. Growth across the portfolio, across our premium portfolio Tata Gluco+ as well as Tata Copper Water. We also launched two variants of Kombucha Zero focusing on building out our premium RTD tea and coffee portfolio. Capital Foods and Organic India, strong growth. Capital Foods revenue at INR232 crores, Organic India INR118 crores. Combined gross margin continues to be very healthy at close to 50%. We had growths of 40% for Capital Foods, 27% for Organic India. We continue to focus on new launches to expand addressable categories for both the businesses. We do think that apart Page [Showing first 8,000 characters — download PDF for full document]