‘Nutrition is an area of interest for us’

Tata Consumer Products delivered a strong set of December-quarter numbers, aided by lower tea prices, GST cuts that boosted consumption demand, and underlying volume growth of 13% in its India business.

- @ SUNIL D'SOUZA, MD & CEO, TATA CONSUMER PRODUCTS

In an interview with Viveat Susan Pinto, Tata Consumer MD & CEO Sunil D’Souza throws light on the way forward for the company, its strategy for Starbucks and the company’s bet on nutrition. Excerpts:With Q3 behind, how would you describe FY26 so far from a demand standpoint?

Demand is steadily improving. That I would say is heartening. After some channel disruption ahead of the GST rate cuts in September, volume trends have strengthened across categories, especially in daily-use staples such as tea and salt. In my view the full impact of the GST tailwinds for FMCG may show up in the March quarter of FY26 or the early part of FY27, when food and beverage spending may pick up following discretionary expenditure in categories such as auto and electronics. I see a virtuous cycle of growth kicking in for FMCG from now.

What is the target in terms of revenue and Ebitda margins you hope to achieve at the end of FY26?