All-round performance is fuelling the rally in Tata Consumer Products

Top performer on the Nifty FMCG index; Up 86 per cent in last 12 months

Shares of Tata Consumer Products (TCP) have surged the most among FMCG (fast-moving consumer goods) peers in the past 12 months, aided by a healthy increase in volumes and realisations in the branded tea business, a strong performance of its foods business, and improvement in overseas operations.

Tata Consumer Products, a leading FMCG (fast moving consumer goods) player, has the largest market share by volume of the domestic branded tea industry. Nearly 2/3rd of its revenue comes from branded tea and coffee sales, as of March 2020. Healthy demand growth and market share gain from unorganised sector has boosted TCP’s