Tata Consumer Products has reduced tea prices across brands as bulk rates ease, with margins set to recover by Q3 and plans to expand rural reach and premium portfolio
The failure to develop a powerful Indian tea brand in global markets reflects a generic weakness of Indian industry in general
Coffee prices have been going up because both robusta in Vietnam is seeing a bit of issues and Arabica in Brazil is also seeing a bit of issues and therefore there has been a run up
Tata Consumer Products announced that it has signed pacts to acquire Capital Foods and Organic India, Sunil D'Souza talks about the reason behind both acquisitions
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 Group in March 2022 announced a merger between Tata Coffee and Tata Consumer Products, NCLT's nod is expected soon
The Tata Group company announced on March 17 that negotiations regarding the potential acquisition of Ramesh Chauhan's Bisleri International had ceased
Maker of Tata Tea announces net profit of Rs 352 crore
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
Looks to get aggressive in segment dominated by Hindustan Unilever and Tata Tea
A notification banning blends of imported tea in GI-tagged teas has almost pushed Tata Consumer Products, the biggest buyer, out of the market
"Our quick estimate indicates that the crop in June 2022 is lower by at least 20-25 per cent over June last year," said Sujit Patra, secretary, exports & market promotion, ITA.
APPL trustee Amitava Sen said that this facility will open the doors for accessing better job opportunities in future
Cost pressures to sustain as company is committed to increasing advertising spends
The 10,000-crore company has also reformulated its Tetley green tea bag range in India with added Vitamin C and has relaunched it as Tetley Green Tea Immune
Price hikes, distribution rejig and higher in home consumption to offset some of the pressures
The Tata group company said its revenue from operations was driven by improvement in branded and non-branded business both in India and globally
Chairman N Chandrasekaran looks to leverage domestic strengths aggressively
Looks to separate itself from the crowd and reclaim its positioning as a socially responsible label