Page 4 - Tata Consumer Products

Tata Consumers Q1FY24 result: Net profit at Rs 285.45 cr; revenue up 11.5%

The company's coffee business in Q1FY24 continued its strong performance with a revenue growth of 21% YoY

Tatas, Wipro Consumer in race to acquire masala company for Rs 1,000 cr

The company, whose revenues stood at Rs. 1,660 crore and its net profit at Rs. 21.7 crore in FY22, has become a takeover target of various larger players

Tata Consumer Products' efforts are paying off; stock sees steady gains

Distribution expansion, focus on large categories, and forays into new segments key drivers of a strong performance

Tata Consumer hits record high; rallies 5% on positive growth outlook

Analysts at ICICI Securities believe the India business (food & beverage) would continue to dominate with higher growth from newer segments

Tata Group awards generous pay hikes of 16-60% to its top officials

This comes at a time when the board of Tata Sons has acknowledged the group's highest growth in its history

Tata Consumer has managed to tide over macro challenges: Chandrasekaran

During the year, the FMCG major has strengthened its core businesses and expanded its target addressable market and has also opened up opportunities for growth

Tata Consumer biz to see high growth, open to acquisitions: Chandrasekaran

Tata Consumer Products Ltd (TCPL) will see high growth in the domestic market, according to Chairman N Chandrasekaran, who also expressed the company's openness to acquisitions and expanding into new categories. India's business growth would continue to outpace that of the international market, with the percentage of revenue from the Indian market expected to increase, Chandrasekaran said replying to shareholders at the 60th AGM. India business has a higher margin, especially the branded businesses at around 14 per cent and international business at 11 per cent, the executive said. "Currently, we're expanding both the beverages and food businesses. So there's a lot of focus in these businesses, we got to scale them. And also we are investing in R&D and innovation. We are looking at new categories and looking at acquisition opportunities," he said. Last year, TCPL successfully launched 34 products. Currently, TCPL's branded tea contributes 47 per cent to the total revenue, ...

Tata Consumer to expand presence in south India, focusses on rural market

Tata Consumer Products Ltd is expanding its presence in the southern markets and focussing on building distribution channels in rural and semi-urban markets now, the company said in its latest annual report. "We are expanding our presence in South India across tea, coffee, salt and spices with the launch of South-specific products to cater to regional consumers," said TCPL. The company continues to "gain ground in the South" in tea and coffee. In tea, TCPL's Chakra Gold and Kanan Devan brands continued to make strong inroads into the south and Tata Coffee Grand was restaged with a new pack design. "We have identified the rural market as an area of opportunity and are focussing on building distribution in rural and semi-urban markets now. In salt, we launched Shuddh, a brand specifically targeted to the South market," said TCPL. While in the spices category, TCPL launched a range of customised spices under the Tata Sampann brand for the southern market. TCPL aspires to be a leading

Tata Consumer Products net profit rises 23.5% in January-March quarter

Its revenue was up 14 per cent at 3,618.7 crore during the quarter mainly driven by underlying growth of 15 per cent in India business

Tata Consumer Products Q4 results: Net profit rises 23% to Rs 269 crore

The company, which owns the eponymous Tata Tea and Tata Salt brands, said its consolidated net profit rose 23% to Rs 269 crore ($32.85 million) in the quarter ended March 31.

Sensex ends 75pts up after choppy day, Nifty tops 17,750; ITC extends rally

CLOSING BELL: Among buzzing stocks, shares of RVNL were locked at 20 per cent upper circuit, RITES zoomed 9 per cent, and Texmaco Rail 7 per cent

Tata Coffee Q4 result: A look at how it performed in previous quarters

Tata Group in March 2022 announced a merger between Tata Coffee and Tata Consumer Products, NCLT's nod is expected soon

Tata Group planning to inject $2 billion into its super-app Tata Neu

Tata Neu allows users to buy groceries and gadgets as well as reserve airplane tickets and restaurants from brands under Tata

Bisleri deal dissolved; Tatas to make investments in their own brands

The Tata Group company announced on March 17 that negotiations regarding the potential acquisition of Ramesh Chauhan's Bisleri International had ceased

Bisleri will be 'a business run by professionals': Chairman Ramesh Chauhan

Chauhan told Business Standard that Angelo Dias, CEO at the company, is running the business and that he was no longer looking to sell a majority stake in the company

Jayanti Chauhan to head Bisleri International after Tatas walk out

Jayanti has been involved in the company's business for several years and of late, she has been working on expanding Bisleri's Vedika brand

Tata Consumer dips 2% after withdrawing plans to acquire Bisleri

The company said no definitive agreement or binding commitment has been signed on this matter.

Stocks to Watch: Tata Consumer, NTPC, RVNL, GMR Airports, Havells, SKF

Stocks to Watch: Tata Consumer Products ceased negotiations with Bisleri for a potential acquisition. It said no definitive agreement or binding commitment has been signed on this matter

Tata Consumer nixes talks with Chauhans on Rs 7K-crore Bisleri deal

The companies could not agree on valuation, say sources

Tata Consumer says still in talks with Bisleri Int'l for majority stake

If this deal, estimated at Rs 6,000-7,000 cr goes through, it would become the largest in the Indian FMVG, surpassing HUL's April 2020 acquisition of Horlicks from GSK for Rs 3,045 cr