Tata Consumer Products to see good demand and growth: N Chandrasekaran

Says impact of pandemic on firm was mixed; while panic buying and closure of restaurants led to spike in retail and online sales, food service sales and out-of-home biz were impacted significantly

Lockdown measures to contain the Covid-19 pandemic had created logistical challenges in India for Tata Consumer Products, but the situation has progressively improved, said N Chandrasekaran. He was addressing shareholders at the company's first annual general meeting after the merger of the consumer products business of Tata Chemicals with Tata Global Beverages Limited.

Addressing the company's first e-AGM, Chandrasekaran said, "In the last month of FY 2019-20, our business was impacted by the lockdown restrictions imposed by various governments across the globe to manage the Covid-19 pandemic. "While we managed continuity in production and supply chain operations internationally; we faced logistical