Page 7 - Tata Consumer Products

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

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