Coffee price volatility
Coffee prices remain elevated and unpredictable, impacting international margins. Management noted a recent uptick after Venezuela action.
TATACONSUM / Q3-FY26 / risks
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TATA CONSUMER PRODUCTS · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
US tariffs on Capital Foods exports
20% of Capital Foods revenue comes from exports, largely US, where tariffs remain at 50% on non-tea/coffee items, impacting growth.
Tea price uptick risk
Tea prices saw a small uptick at end of Q3; if sustained, could pressure margins after inventory is consumed.
Nielsen market share data reliability
Management questioned Nielsen's coverage, noting it excludes a major modern trade player and doesn't fully capture e-commerce, making share data potentially misleading.