Tata Consumer Products (TCPL) will fund its acquisitions of Capital Foods and Organic India, which have a combined enterprise value of Rs 7,000 crore, with internal cash reserves and bridge financing, MD and CEO Sunil D’Souza said on Sunday. Both acquisitions are in regions with “huge runway for growth,” where margins are “far accretive” and the company […]
In a strategic move aimed at strengthening its position in the health and wellness sector, Tata Consumer Products is on the verge of acquiring Organic India, a prominent organic tea and Ayurvedic health products firm, according to media reports. Industry insiders suggest that an official announcement regarding the proposed acquisition, which is anticipated to be […]
Tata Starbucks unveiled its plan to operate 1,000 stores in India by 2028, translating to the opening of a new store every three days. The strategic vision, articulated on Tuesday, revolves around empowering local partners with skills for employment, creating new stores designed to offer customers an elevated experience, and promoting Indian-origin coffee globally. Established […]
In an exclusive interview with Tarannum Manjul of Businessworld, Prashant Parameswaran, the Managing Director and CEO of Tata Consumer Soulfull, unveils Tata Soulfull’s remarkable journey of almost eight years in redefining millets as more than just superfoods. The conversation explores the brand’s strategies to bridge the urban-rural gap, insights into product planning, stringent quality controls, […]
Tata Consumer Products (TCPL) has reported a consolidated net profit of Rs 359.18 crore for the September quarter of FY24, indicating a modest growth of 1.18 per cent compared to Rs 354.98 crore in the same quarter of the previous financial year. The group’s consolidated net profit stood at Rs 363.98 crore. The company reported […]
Handlooms have always been an integral part of Indian culture. Much before the mechanical looms took over the market, handlooms were a representation of India’s rich cultural legacy. It was not only a significant source of income for the weavers involved in the sector, but also a matter of pride for those who adorn it. […]
Tata Consumer Products (TCP), on Thursday, announced its entry into the premium Kashmiri saffron category under its provenance brand – Himalayan. This launch is in line with the company’s focus on expanding into new categories with differentiated products with strong quality credentials. With the launch of Grade 1, 100 per cent pure Kashmiri saffron, the […]
Tata Consumer Products reported a 21 per cent year-on-year (YoY) rise in its consolidated net profit at Rs. 289.6 crore for the fourth quarter of the financial year (Q4FY23) ended on 31 March 2023, compared to Rs 239 crore in in the same quarter of the previous year, according to the company’s regulatory filing. Consolidated […]
Tata Consumers Products (TCPL) announced on Friday that it has halted negotiations with Bisleri for its potential purchase with a 6,000 to 7,000 crore approximate cost. “The Company wishes to update that it has now ceased negotiations with Bisleri about a potential transaction and to confirm that it has not entered into any definitive agreement […]
