Page 3 - Tata Consumer Products

Stocks to Watch today: TCPL, Tata Coffee, PNB, Railtel, BoB, IDFC First Bk

Stocks to watch on Friday, December 29, 2023: Tata Consumer, Tata Coffee fixes merger date; Innova Captab to debut; PNB board okays Rs 7,500 crore fund raise and more such stocks in the news today.

Tata Consumer Products in talks for acquisitions to expand globally: Report

CEO Sunil D'Souza hinted that the company would not acquire in the sector where there is already fragmentation like fizzy drinks and processed snacks

Tata Consumer Products announces appointment of Ashish Goenka as Group CFO

Tata Consumer Products Ltd on Friday announced the appointment of Ashish Goenka as Group CFO with effect from December 18, 2023. Goenka, currently employed with Jubilant Foodworks Ltd as its President & CFO, brings more than 20 years of experience in finance in the FMCG and telecom sectors, Tata Consumer Products Ltd (TCPL) said in a regulatory filing. He had earlier worked with Hindustan Unilever Ltd (HUL) and Bharti Airtel. Prior to joining Jubilant Foodworks, he served as EVP & Group Finance Controller at Bharti Airtel, where he had joined as CFO for Network Services. He began his career with HUL as a management trainee and spent 14 years with the Unilever group and rose to hold various positions, including General Manager Finance, Sales and Customer Development, Strategy Director (South Asia) and Head Finance- Global, Unilever International, Singapore.

Tata Coffee gets board nod for Rs 450 cr investment for capacity expansion

Tata Coffee on Thursday received the board's approval for the capacity expansion of its Vietnam-based wholly-owned subsidiary firm at an investment of Rs 450 crore. The board has approved the setting up of an additional 5,500-tonne freeze-dried coffee facility in Vietnam, the company said in a regulatory filing. Tata Coffee said the additional capacity would be created with an investment of USD 53.3 million (approximately Rs 450 crore). The funds will be sourced from internal accruals and bank financing, it said. The company said the current capacity of Tata Coffee Vietnam Company is about 5,000 tonnes. About 96 per cent of the total capacity is under utilisation. The additional capacity which is proposed to be added in next two years aims to cater to growing demand for freeze-dried product, it added.

New businesses to boost growth momentum of Tata Consumer Products

The key driver of growth for the company is expected to come from new segments of Sampann (packaged staples), Soulful (healthy snacks/drinks) and NourishCo

Tata Consumer to merge 3 subsidiaries to reduce compliance requirements

Tata Consumer Products Ltd said it would merge its three wholly-owned subsidiaries -- NourishCo Beverages, Tata SmartFoodz and Tata Consumer Soulfull -- to ensure "more effective utilisation of the resources" and reduce "compliance requirements". The board of the Tata group firm's FMCG arm on Tuesday approved the Scheme of Amalgamation of the three wholly-owned subsidiaries of the company, informed Tata Consumer Products Ltd (TCPL). The combined businesses will have "more effective utilisation of the resources of the said companies, reduction in overheads, costs and expenses, economies of scale, elimination of duplication of work and rationalisation and reduction of compliance requirements", said TCPL. "The scheme is proposed to the advantage of the transferor companies and the transferee company and will yield beneficial results for the shareholders, creditors, employees, and all concerned," said TCPL, which was earlier known as Tata Global Beverages Ltd. The scheme involves the .

Tata Consumer Q2 results: Net profit falls 6.55% to stand at Rs 363.92 cr

Tata Consumer Products Ltd (TCPL) on Tuesday reported a decline of 6.55 per cent in its consolidated net profit to Rs 363.92 crore in the September quarter on the back of a strong growth in its domestic business. The company had posted a net profit of Rs 389.43 crore in the July-September quarter a year ago, according to a regulatory filing from TCPL, earlier known as Tata Global Beverages Ltd. Its revenue from operations rose 11.02 per cent to Rs 3,733.78 crore during the quarter under review as against Rs 3,363.05 crore in the year-ago period. Total expenses of the Tata Group FMCG arm stood at Rs 3,318.18 crore, up 9.8 per cent in the September quarter. TCPL's total income in the September quarter increased 12.71 per cent to Rs 3,823.61 crore. Shares of Tata Consumer Products Ltd on Tuesday settled at Rs 900.60 apiece on BSE, up 0.81 per cent from the previous close.

Tata Consumer emerges as frontrunner in race for makers of Ching's Secret

In 2022, Capital Foods' three main shareholders decided to put the company up for sale

Top headlines: KKR to invest in Reliance Retail, gains for rail, infra cos

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Tata Consumer 'narrows its universe'; identifies 5 core areas for launches

In the liquids category, the company plans to introduce new products in the water and ready-to-drink sectors

Tata Consumer 'narrows its universe'; identifies 5 core areas for launches

Within mini meals, it will look at the breakfast cereal, ready-to-eat, and snacks market, and also its protein platform, which includes plant-based meat and plant protein powders

Tata Electronics plans to raise Rs 500 crore loan for Tamil Nadu unit

The cost of Tata Electronics' unit expansion is pegged at Rs 3,400 crore, the capacity expansion is expected to be complete in the current financial year (FY24).

TMS Ep516: Tata and Haldiram's, 7nm chips, markets, India or Bharat

Why does Tata want Haldiram's on its plate? Is China winning the chip war? Is it time to bargain hunt speciality chemical stocks? India or Bharat: What the Constituent Assembly decided. Answers here

Tata Consumer dips 3% after it denies 51% stake buy buzz in Haldiram's

The company said it evaluates various strategic opportunities for growth and expansion of the business of the company on an ongoing basis

Stocks to Watch: Reliance, Tata Consumer, Biocon, TCS, REC,Som Distilleries

Stocks to Watch on September 7, 2023: Tata Consumer Products has refuted reports that said it is in talks to acquire a majority 51 per cent stake in Haldiram's

Tata Consumer Products, Haldiram's deny negotiations on stake purchase

Tata Consumer Products Ltd (TCPL) and Halidram's on Wednesday said there were no negotiations going on acquiring a 51 per cent stake in the leading snacks maker and restaurant operator. According to reports, the Tata Group's FMCG arm is in talks with Haldiram's to buy a majority stake, but not comfortable with a high enterprise value. Haldiram's is a leading snacks maker and restaurant operator. "The company is not in negotiations as reported" to acquire Haldiram's," TCPL said in a regulatory filing. The filing was in response to a clarification sought by the NSE and the BSE regarding the reports. "Tata Consumer Products does not comment on market speculation," a company spokesperson said earlier in the day. When contacted, Haldiram's management declined to comment on the matter. Later issuing a statement, Halidram's said: "We categorically deny recent reports of a 51 per cent stake sale and wish to clarify that we are not engaged in any discussions with Tata Consumer Products."

Tata Consumer Products shares increase by 4% on Haldiram buyout report

According to report, Tata Consumer looks at majority stake; Bain seeks 10 per cent stake

Tata Consumer Products in talks to buy at least 51% stake in Haldiram's

Tatas are, however, not comfortable with the $10 billion valuation sought by the snack maker

Tata Consumer, ITC among companies looking to buy into Organic India

Backed by Fabindia, Organic India produces organic teas and health products

We've got a long way to go in food and beverages: Tata Consumer MD & CEO

The company remaining cautiously optimistic on rural demand