Tata Consumer Products

Tata faces pressure in Starbucks venture as Indian consumers cut back

However, Tata Consumer's CEO still expects its bet on coffee to pay off in the longer run as the country's coffee culture grows and cafe density is still low compared with other Asian countries such

FMCG woes: HUL, Dabur, Godrej Consumer risk up to 15% downside; show charts

As FMCG shares led by Godrej Consumer fell up to 11% on Monday post the volume growth concern; the Nifty FMCG index slipped below its 20-DMA after a two-week struggle; chart hints at further 4.5% dip.

Coffee is a huge opportunity, scaling up Starbucks biz: TCPL CEO & MD

Tata Consumer Products sees a huge opportunity in the coffee business in India and will focus on scaling up cafes under its joint venture Tata Starbucks, according to its MD & CEO Sunil D'souza. Tata Starbucks, a 50:50 JV between Tata Consumer Products Ltd (TCPL) and Starbucks Corporation which runs Starbucks cafes in India, plans to take the number to 1,000 cafes by FY2027-28. The JV has 457 stores across 70 cities as of the September quarter. TCPL also expects growth from its vending business Tata MyBistro', a relatively new entrant in the segment offering a variety of coffee, tea and other drinks mainly to institutional customers. "With Starbucks, we are very clear that the store profitability is not an issue. And as we get to scale, we know that we can generate profits out of it," D'souza told PTI. Though, now Starbucks with over 500 outlets has become the largest coffee chain in the country," though it is "significantly under-penetrated" in comparison to similar per capita ..

Tata Consumer stock plunges 10% on meek profit, margin growth in Q2

The stock price slumped after the fast-moving consumer goods (FMCG) major reported a sluggish margin and profit growth in the second quarter of the current financial year (Q2FY25)

Campa Cola's aggressive pricing forces Tata Consumer to revise rates

Tata Consumer Products Ltd (TCPL) beverage business got a hit from the aggressive pricing from rival Campa Cola, forcing it to go for a downward revision of its Tata Gluco Plus. Tata Consumer Product Ltd (TCPL) revenue from its ready-to-drink business declined 11 per cent in the September quarter owing to "competitive pricing action", said its Managing Director and CEO Sunil D'Souza during the post-result investors' call. Reliance Retails Campa Cola has disrupted the beverage market with its Rs 10 pack in PET bottle, forcing the rival beverage makers to reduce their prices to retain their market share and growth. When asked about the penetration and growth, without naming Campa, D'Souza said: "A new player coming in with a different price point disrupted the industry. While on paper it is Rs 10 versus Rs 10 ... it didn't surface quickly enough ... while the Rs 10 was the same to the consumer, the trade price was dramatically different." However other big multinationals such as Coke

Tata Consumer Products Q2 results: Net profit rises 7.7% to Rs 364.4 crore

The India foods business revenue grew over 28 per cent (plus 9 per cent excluding Capital Foods), and its value-added salt portfolio grew by 26 per cent, with rock salt registering record volumes

Tata Consumer Products Q2 profit flat at Rs 367.21 cr, revenue up 12.8%

Tata Consumer Products Ltd (TCPL) on Friday reported a marginal increase in its consolidated net profit to Rs 367.21 crore in the second quarter ended on September 2024. The company had posted a consolidated net profit of Rs 363.92 crore in the July-September quarter a year ago, according to a regulatory filing from TCPL. Its revenue from operations rose 12.87 per cent to Rs 4,214.45 crore during the quarter under review. It was at Rs 3,733.78 crore in the year-ago period. Total expenses of the TCPL, earlier known as Tata Global Beverages Limited (TGBL), stood at Rs 3,836.18 crore, up 15.61 per cent in the September quarter. In the September quarter, TCPL's overall branded business was up 12.44 per cent to Rs 3,771.2 crore. It was at Rs 3,353.81 crore in the corresponding quarter last fiscal. TCPL's branded businesses include tea, coffee, water and other various value-added businesses. Its revenue from the branded business in India was up 10.44 per cent to Rs 2,655.19 crore in th

Tata Consumer Products completes merger of three subsidiaries in India

FMCG maker Tata Consumer Products Ltd (TCPL) has merged its three wholly-owned subsidiaries after getting approval from NCLT and other regulatory clearances. TCPL has merged its wholly-owned subsidiaries Tata Consumer Soulfull Pvt Ltd, NourishCo Beverages Ltd, and Tata SmartFoodz Ltd with the company, according to a statement from Tata Group FMCG arm. "We wish to inform you that the conditions outlined under Clause 17 of the Scheme, including the filing of certified copies of the order with the Registrar of Companies, of the respective companies, in Form INC-28, have been duly completed. Accordingly, in terms of the Scheme, the effective date of the scheme (of merger) is September 1, 2024," the company said in a regulatory filing. This is in line with the company's focus on simplifying and streamlining the business. This consolidation of legal entity structure will unlock efficiencies and synergies, it added. "There is no change in the operating structure for these business units a

Tata Consumer Products closes Rs 3,000 cr rights issue after 14 days

Tata Consumer Products Ltd on Monday said it has closed its rights issue of Rs 3,000 crore. The company had opened the issue on August 5, Tata Consumer Products Ltd (TCPL) said in a regulatory filing. The meeting of the capital raising committee of the board of the company held on July 23, 2024, approved the terms of the issuance of equity shares face value of Re 1 each by way of rights issue for an amount aggregating up to Rs 2,997.77 crore, it added. "The issue opened on Monday, August 5, 2024 at 9 am and closed today (Monday), August 19, 2024 at 5 pm," the filing said. In January this year, the company's board had approved a fundraising proposal of Rs 3,500 crore, which was meant to be utilised for the acquisitions of stakes in Capital Foods Pvt Ltd and Organic India Pvt Ltd. The company had stated that raising of funds by way of issue of equity shares of face value Re 1 each would not exceed Rs 3,000 crore.

Rights issues in 2024 yield twice the bounty of last year amid buoyant mkt

Six firms secure Rs 1,000 crore+ each as average ticket size doubles

Tata Consumer Products Q1FY25 results: Net profit down 8.3% to Rs 290.3 cr

The salt business revenue grew by 9 per cent on the back of strong volume growth

Stocks to Watch, July 24: HUL, Bajaj Fin, L&T, Dr Reddy's, Vedanta, Axis Bk

Stocks to Watch today, Wednesday, July 24, 2024: HUL reported a 2.2 per cent Y-o-Y rise in consolidated net profit at Rs 2,610 crore for Q1FY25, in line with market expectations

Tata Play Q1: Loss widens to Rs 353.9 cr, revenue dips 4.32% to Rs 4,304 cr

Leading DTH operator Tata Play (erstwhile known as Tata Sky) has reported widening of its consolidated loss to Rs 353.9 crore, as revenue from operations declined 4.32 per cent to Rs 4,304.62 crore in the financial year ended March 31, according to financial data accessed by business intelligence platform Tofler. In FY23, the company had reported a net loss of Rs 105.25 crore and its revenue from operations stood at Rs 4,499.19 crore. Total expenses of Tata Play, in which Tata Sons now owns 50 per cent share, has increased 1.47 per cent to Rs 4,760.55 crore in FY24. Earlier, it stood at Rs 4,691.25 crore for the financial year ended in March, 2023. Tata Play's total revenue in FY24 also declined 4.47 per cent to Rs 4,327.07 crore. Earlier, the total revenue was at Rs 4,529.97 crore a year ago. On a standalone basis, Tata Play's revenue from operations also declined 6.07 per cent to Rs 3,982.57 crore for the financial year ended on March 31, 2024. It was at Rs 4,240.04 crore in ...

Stocks to watch, July 19: Infosys, RIL, Vi, LTTS, Tata Consumer, DRL, CEAT

At 6:36 AM, GIFT Nifty futures were up 19 points, trading at 24,828.50 levels, indicating a higher start for the day.

Jigar S Patel of Anand Rathi recommends buying these three stocks today

True to this pattern, Tata Consumer has recently shown a decisive breakout, marked by substantial trading volume.

Tata Consumer Products to boost growth of tea, coffee, salt businesses

Leading FMCG company Tata Consumer Products Limited (TCPL) will continue to invest in its brands and accelerate the growth momentum of the core businesses, tea, coffee and salt, the company's annual report said. In the annual report for 2023-24, TCPL said that to strengthen and accelerate core businesses, contribution of modern trade to total sales within the country was 14 per cent driven by the growth of new businesses. During 2023-24, the company continued to undertake focused brand-building efforts and launched several products. TCPL said that central to the company's growth strategy was on focusing on the core businesses of tea, coffee and salt. TCPL (formerly Tata Tea) said the company strengthened the tea and coffee businesses and also created new vectors of growth. The company was also successful in driving profitable growth in the key international markets of UK, USA and Canada. The company's focus on innovation lay in its belief that it is a strong strategic pillar and pl

Buzzing stocks today, July 1: Auto, Tata Consumer, HDFC Life, NTPC, Pharma

Stocks to Watch, Monday, July 1, 2024: Shares of Bajaj Auto, Maruti Suzuki India, Tata Motors, M&M, among other automobile stocks will be in focus amid the announcement of June auto sales data

Buy & Sell Ideas for June 25; top stock picks by Jatin Gedia of ShareKhan

Dabur has been consolidating since the last two weeks after a sharp run up. It has now reached the 20 day moving average (590) and witnessed buying interest

India is a 'bright spot', will lead the next decade: N Chandrasekaran

Tata Consumer Products on 'transformative journey' to serve Indians, he says in company's annual report

How iconic Indian snack brand Haldiram's became a global investment target

Major foreign private equity firms like Blackstone, Bain Capital, and Singapore's Temasek seek up to 76% stake in the Indian food giant