Year in review
Raising the Bar,
Every Year
THE SHAPE OF GROWTH
Branded Business revenue
(%)India
International
India Business Revenue
(%)Beverages¹
Food²
Contribution to India Business
(%)Core
Growth³
STRATEGY MEETS EXECUTION
Expanding direct and total reach
(Mn Outlets)Direct reach
Total reach
FY 25-26
Direct reach
1.8
Total reach
4.5
FY 21-22
Direct reach
1.3
Total reach
2.6
India Business
(%)Traditional trade
Alternate channels
Number of new launches per year
FY 25-26
80
FY 21-22
19
1Beverages includes Packaged Beverages, Ready-to-Drink (RTD), and Organic India revenues (including overseas revenue)
2Foods Includes Salt, Tata Sampann, Tata Soulfull, and Capital Foods revenues (including overseas revenue)
3Growth businesses include Tata Sampann, Ready-to-Drink, Tata Soulfull, Ready to Eat, Vending, Capital Foods and Organic India
EFFICIENCY THAT ENDURES
Employee expense to revenue
(%)Standalone
Consolidated
FY 25-26
5.1
8.2
FY 24-25
4.7
8.1
FY 23-24
5.0
8.3
FY 22-23
4.9
8.1
FY 21-22
4.4
8.4
Free Cash Flow⁴ to EBITDA
(%)Standalone
Consolidated
FY 25-26
103
107
FY 24-25
110
101
FY 23-24
102
101
FY 22-23
94
99
FY 21-22
117
100
Other expense to revenue⁵
(%)Standalone
Consolidated
FY 25-26
11.5
13.6
FY 24-25
11.7
14.1
FY 23-24
13.0
14.0
FY 22-23
12.9
14.0
FY 21-22
12.8
14.0
Days of Operating Working Capital
(days)FY 25-26
21
FY 24-25
26
FY 23-24
27
FY 22-23
35
FY 21-22
38
4Free Cash Flow before Capex and Tax
5Other expense excluding Advertisement and Sale charges