Tata Consumer Products will not restrict itself to the foods business but will transition to being a fast-moving consumer goods (FMCG) firm.
After exiting the non-foods FMCG space in the 1990s, the conglomerate is looking to re-enter the field.
“Tata Consumer was created to be the FMCG flagship for Tata Group. Step number one was to bring together the salt and the tea businesses of Tata Chemicals and Tata Global to create Tata Consumer,” Sunil D’Souza, managing director and chief executive officer of Tata Consumer Products, told Business Standard in an interview.
D’Souza added: “You will always build from strength