Page 6 - Tata Consumer Products

Reliance & Tata entry in beverages segment positive: Coca-Cola India prez

Entry of big companies such as Reliance Retail and Tata Consumer Products in the beverages segment is positive and will only help the category to expand, Coca-Cola President (India and Southwest Asia) Sanket Ray said on Tuesday. The entry of the two home-grown majors is a "great opportunity" albeit with enhanced competition and Coca-Cola India would invest to develop the market further and bring innovations to evolve the category and ultimately benefit the consumers, he said here in an interaction. Ray, however, said the entry of Reliance Retail and Tata Consumer Products can result in "some disruptions at the local level" leading to consolidation, but pricing will not be a game changer. "This category penetration is one of the lowest in FMCG. Coke and Pepsi do not have enough budget to get into that," he said when asked how the market dynamics would be with the entry of new players. Reliance Retail had acquired the home-grown brand Campa Cola signalling its intention to enter the

Tata Consumer Products Q2 profit rises 36% to Rs 389 cr; revenue up 11%

Tata Consumer Products Ltd (TCPL) on Thursday reported a 36.25 per cent rise in consolidated net profit at Rs 389.43 crore for the second quarter ended September 30, 2022. The company had posted a net profit of Rs 285.80 crore for the July-September period a year ago, TCPL, earlier known as Tata Global Beverages Ltd, said in a BSE filing. Revenue from operations climbed 10.87 per cent to Rs 3,363.05 crore during the quarter under review as against Rs 3,033.12 crore in the corresponding period last year. Total expenses of the Tata group's FMCG arm were at Rs 3,021.90 crore, up 11.55 per cent from Rs 2,708.91 crore earlier. TCPL Managing Director and CEO Sunil D'Souza said: "We delivered another quarter of double-digit revenue growth while balancing margins despite inflationary pressures, weakness of currency and some lag in pricing in International Markets." TCPL's revenue from the Indian market in July-September rose 9.19 per cent to Rs 2,159.95 crore, as against Rs 1,978.08 crore

Tea Board modifies order on blending imported with Indian varieties

The Tea Board, in its notification, has kept the sanctity of GI intact and allowed blending only for teas not claiming the GI mark

Tea Board may modify past order on blending, change to help tea firms, TCPL

Existing notification bars blending imported tea with GI-tagged Indian varieties; Sources said commerce ministry left it to the Board to take a reasoned call on modification

Top Headlines: Govt slashes windfall tax, Adani overtakes Tata, and more

Business Standard brings you the top headlines at this hour

Tata Consumer appoints David Atkinson to head its UK, Ireland business

Tata Consumer Products (TCP), the FMCG arm of Tata Group, on Thursday announced the appointment of David Atkinson as Senior Vice President and Head of its UK and Ireland business. In his new role as Country Head, Atkinson will be responsible for leading the business and teams in the UK and Ireland, TCP said in a statement. He will be based in London and report to the President of International Business, Gharry Eccles, TCP said, adding that the announcement is in line with its commitment to strengthening business in key international markets. "This includes developing and executing a growth roadmap for the company as well as enhancing operational excellence. Combining its interests in tea and ready-to-drink products, TCP will be focusing on strengthening and growing its three key beverage brands -- Tetley, Good Earth and teapigs in international markets," it added. Atkinson, who comes with over two decades of experience, joined TCP from Hain Daniels Group, where he served as Managin

Stocks to Watch: HDFC Life, TCS, Zee Entertainment, OMCs, Coal India

Stocks to Watch: Abrdn, formerly Standard Life, is looking to sell 2 per cent of its stake in private sector insurer HDFC Life via block trades on Tuesday

Tata Consumer enters health supplements biz with 'GoFit' range for women

Tata GoFit is available in two pack sizes of 500 grams and one kg, with 18 grams of protein per serving of 25 grams in two flavours--rich chocolate and cafe mocha

F&O Strategy: Nandish Shah recommends a Bull Spread on Tata Consumer

The stock price has broken out on the daily chart with higher volumes, where it closed at the highest level since November 2021

Mehul Kothari of Anand Rathi suggests selling IndusInd Bank. Here's why

Recently the stock of INDUSINDBK surged from the zone of Rs 800 towards Rs 1,100 mark without any meaningful correction. This indicates possibility of some profit booking

Deflating commodity costs to aid FMCG firms in H2FY23: Analysts

With commodity prices deflating from their March peak levels, analysts expect the margin profile across consumer goods companies to improve going ahead.

Nepal brews a fresh crisis for Darjeeling tea with cheaper leaves

A notification banning blends of imported tea in GI-tagged teas has almost pushed Tata Consumer Products, the biggest buyer, out of the market

Stocks to watch: Eicher Motors, Tata Consumer, Coal India, BoB, IRCTC

Stocks to watch today: Apollo Hospitals, Trent, Aurobindo Pharma will report their June quarter results (Q1FY23) on Thursday, July 11; Bank of Baroda raised their MCLR rate by 5-20 bps across tenors.

Tata Consumer Products Q1 net rises 38% to Rs 277 cr; revenue up 11%

Tata Consumer Products Ltd (TCPL) on Wednesday reported 38.2 per cent rise in consolidated net profit at Rs 276.72 crore for June quarter 2022-23.

Sensex, Nifty end flat; Tata Chemicals jumps 12%, IGL 6%; SpiceJet sheds 5%

CLOSING BELL: Among sectors, the Nifty IT index slipped 0.9 per cent, while the Nifty Metal index advanced 1.6 per cent

Stocks to watch: Coal India, NTPC, Bharti Airtel, Delhivery, Indian Hotels

Stocks to watch today: Coal India and Tata Consumer Products will report their June quarter results (Q1FY23) on Wednesday, August 10; NTPC plans to fundraise Rs 12,000 crore through NCDs.

Shiprocket's logistics volume to grow 40% after Pickrr acquistion: CEO

Shiprocket is acquiring a majority stake in Pickrr for an estimated $200 million in cash, stock and earn-out

Sensex, Nifty end flat after volatile session; metal, energy stocks shine

CLOSING BELL: M&M, Tech M, Dr Reddy's Labs, Reliance Industries, HCL Tech, and Tata Steel were the top gainers on the 30-pack index

Stocks to watch: Bajaj Auto, TVS Motor, Tata Steel, Cipla, JSW Steel, FRL

Stocks to watch today: Bajaj Auto approved buyback of shares worth up to Rs 2,500 crore; Moody's upgraded Tata Steel's outlook to 'positive' from 'stable'

Operating environment is still volatile, says Tata Consumer chairman

Factors driving inflation as spelt out by the company include geo-political tensions, supply-chain challenges, and demand-supply mismatches in crude oil and several other commodities