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New Delhi, <keyword id="7636498" type="General" weightage="20" keywordseo="Tata-Consumer-Products" source="Orion">Tata Consumer Products</keyword> Ltd (TCPL) on Wednesday reported a 29.67 per cent rise in consolidated net profit to Rs 358.57 crore in the first quarter ended June 30 on the back of a strong growth in its domestic business. The company had posted a net profit of Rs 276.51 crore in the April-June quarter a year ago, TCPL, earlier known as Tata Global Beverages Ltd, said in a BSE filing. Its revenue from operations was up 12.45 per cent to Rs 3,741.21 crore during the quarter under review as against Rs 3,326.83 crore in the corresponding period of the preceding fiscal. "Revenue from operations increased by 12 per cent as compared to the corresponding quarter of the previous year, mainly driven by strong growth of 16 per cent in India business, 3 per cent in international business and 5 per cent in non-branded business," TCPL said in an earnings statement. The "profit before exceptional items and tax at Rs 495 crore is higher by 23 per cent reflecting strong growth in the India branded business and improved performance in international and non-branded business," it said. Total expenses of the Tata Group FMCG arm stood at Rs 3,304.36 crore, up 11.68 per cent in the first quarter of the current fiscal compared to the year-ago period. TCPL's total income in the June quarter was at Rs 3,798.96 crore, up 12.99 per cent. In the June quarter, TCPL's overall branded business was up 13.11 per cent to Rs 3,372.75 crore. It was at Rs 2,981.82 crore in the corresponding quarter last fiscal. TCPL's branded businesses include tea, coffee, water and other various value-added business. Its revenue from the Indian market in the branded business was at Rs 2,477.93 crore, up 15.51 per cent. In the coffee segment, it continued the strong performance with a revenue growth of 21 per cent in the domestic market. "For the quarter, the India foods business delivered 24 per cent revenue growth and 6 per cent volume growth," the company said. Revenue from its non-branded business, which includes plantation and extraction business for tea and coffee, was at Rs 377.05 crore, up 7.2 per cent in the June quarter. Tata Starbucks -- a 50:50 joint venture between Tata Consumer Products Ltd and Starbucks Corporation -- also recorded "strong revenue growth" of 21 per cent in the June quarter. TCPL Managing Director &amp; CEO Sunil D'Souza said that during the June quarter, it saw positive results from the interventions put in place for the branded tea business, which grew volumes for the second consecutive quarter. "We continue to maintain volume growth momentum in Salt, despite the pricing actions taken earlier to manage inflation," he added. The company continued to accelerate innovation across categories with a number of new launches to expand our total addressable market. "Our growth businesses (Tata Sampann, Tata Soulfull and NourishCo ) continued their strong growth trajectory, they grew by 58 per cent this quarter and accounted for 20 per cent of the India branded business. Tata Starbucks continued to deliver a strong performance along with store expansion," he said. Shares of Tata Consumer Products Ltd on Wednesday settled at Rs 874.10 on BSE, up 0.67 per cent from the previous close.

Tata Consumer Products Q1 2023-24 net profit rises 30% to Rs 358.57 crore

Encouraged by volume growth, margin improvement and recovery in rural sales, India's top fast-moving consumer goods (FMCG) companies are now back to their normal growth cycle as they step up investments as well as spending on advertising and marketing. <keyword id="84065" type="General" weightage="20" keywordseo="fmcg-companies" source="Orion">FMCG companies</keyword> are chasing volume growth again after a gap of a few quarters, offering higher grammage and price cuts thanks to inflationary pressures softening on key raw materials for everything from soaps to food items. Hindustan Unilever (HUL), Dabur, Marico, Godrej Consumer Products, ITC, Tata Consumer Products and Nestle reported volume recovery in the March quarter and said they expect a gradual pickup in consumption in FY24. "The prospects of a sustained recovery have strengthened. After five quarters of volume decline, the sector has posted volume growth," Marico MD and CEO Saugata Gupta said in the company's earnings conference call. "Urban consumption has been steady while rural is showing some convincing signs of having bottomed out." Foods continue to drive growth for the sector, while the home and personal care segment also entered positive territory after an extended slowdown. Marico, which owns popular brands like Saffola, Parachute and Livon, reported an 18.7 per cent increase in its consolidated net profit to Rs 305 crore for the fourth quarter ended March 2023 while sales rose 3.65 per cent to Rs 2,240 crore, driven by single-digit volume growth and moderation in commodity prices. HUL said rural areas have shown improvement with higher value growth sequentially. While HUL's volumes continue to fall, the extent of decline has reduced versus last quarter. "The slowdown in the FMCG market is bottoming out. This improvement was led by volumes, which have turned flat in this quarter, versus a mid-single-digit decline in the December quarter," said HUL CFO Ritesh Tiwari in its earnings call. The makers of popular brands such as Rin, Lux, Surf Excel and Pond's said it expects the price-volume growth to rebalance further. "We expect volumes to recover gradually due to high levels of cumulative inflation and the fact that consumption habits typically recover with a lag," he said. For the March quarter, HUL reported an increase of 12.74 per cent in its consolidated net profit to Rs 2,601 crore. Net sales rose 10.83 per cent to Rs 14,926 crore. However, HUL warned the near-term operating environment is likely to remain volatile due to global slowdown risk and uncertainty related to weather phenomena like El Nino and heatwaves. Abneesh Roy, Nuvama Group Executive Director for Institutional Equities, said the outlook for the <keyword id="495979" type="General" weightage="20" keywordseo="fmcg-industry" source="Orion">FMCG industry</keyword> was "positive" with volume growth and improvement in margins for most companies in FY24. "As raw material prices are cooling off, companies shall start paring prices via grammage increase or gradual price reductions. Price growth shall ease while volume growth will improve," he said. Roy also cautioned about the impact of El Nino and the "aggression" from billionaire Mukesh Ambani-led Reliance Industries Ltd, a known disrupter, which aims to be a big player in the USD 110-billion FMCG segment. Meanwhile, Godrej Consumer reported an 11.47 per cent increase in its India revenue to Rs 1,822.92 crore in the March quarter. This was led by volume growth of 11 per cent. Its home care segment, which consists of household insecticides and air fresheners, grew 14 per cent and 17 per cent, respectively. "We expect to build on the current momentum and deliver volume-led growth along with upfront marketing investments and improvement in profitability," said its Managing Director and CEO Sudhir Sitapati. Britannia Executive Vice-Chairman and Managing Director Varun Berry also expressed optimism. "Volume growth will be certainly much better than this year," he said. On commodity prices, Berry said there is deflation in prices of palm oil, laminates and corrugated material for packing but flour and milk prices are soaring. "There are certain brands and certain packs where we have already initiated price reductions or promotions," he said. In the March quarter, Britannia reported a 47.53 per cent jump in consolidated net profit to Rs 557.60 crore. Its revenue from operations rose 10.93 per cent to Rs 3,892.02. Similarly, Dabur reported volume growth of 11 per cent during the March quarter and 14 per cent for FY23. Its quarterly net profit was Rs 292.76 crore and revenue from operations stood at Rs 2,677.8 crore. "Despite near-term concerns around inflationary pressures, we plan to accelerate the growth momentum by continuing to invest in brand building, innovation, and capabilities that will drive growth," said Dabur India CEO Mohit Malhotra. Other companies also recorded growth. ITC's revenue from the FMCG segment rose 19.34 per cent to Rs 4,951.17 crore from Rs 4,148.62 crore while EBITDA jumped 76 per cent. Nestle, the maker of Maggi, Kitkat and Nescafe, reported an increase of 24.69 per cent in its net profit to Rs 736.64 crore in the March quarter. Sales rose 20.43 per cent to Rs 4,808.40 crore. Tata Consumer reported a 21.12 per cent rise in its consolidated net profit to Rs 289.56 crore. Its revenue from operations was up 13.96 per cent at Rs 3,618.73 crore. Tata Consumer said it recorded growth in the India beverages business and food. It had a "strong margin growth and strong topline growth driven both by volume and price," the company said in its earnings call. "We have started seeing volume growth coming back. The impact of inflation and monetary tightening on economic growth and demand seems to be slowing down, but I would keep my fingers crossed and monitor it closely," said Tata Consumer MD and CEO Sunil D'Souza. "In the near term, we are seeing stability." SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/zomato-net-loss-narrows-to-188-crore-in-q4-revenue-rises-70-yoy/articleshow/100358894.cms">Zomato net loss narrows to ₹188 crore in Q4, revenue rises 70% YoY</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/mankind-pharma-pnb-among-stocks-to-become-largecap-from-midcap-mutibagger-rail-vikas-nigam-to-turn-midcap-from-smallcap/articleshow/100356527.cms">Mankind Pharma, PNB among stocks to become largecap from midcap; mutibagger Rail Vikas Nigam to turn midcap from smallcap</a>

FMCG makers expect sustained recovery in volume and margins with price reduction in FY24

Ramesh Chauhan is divesting <keyword id="115415" type="General" weightage="80" keywordseo="bisleri" source="Orion">Bisleri</keyword> International to <keyword id="8836175" type="General" weightage="80" keywordseo="tata-consumer" source="Orion">Tata Consumer</keyword> Products Ltd (TCPL) for an estimated Rs 6,000-7,000 crore, The Economic Times reported. The current management will continue for two years as part of the deal. Chauhan, 82, has been in indifferent health in recent times and says he doesn't have a successor to take Bisleri to the next level of expansion. Daughter Jayanti isn't too keen on the business, Chauhan said. Bisleri is India's largest packaged water company. The <keyword id="6355725" type="General" weightage="50" keywordseo="tata-group" source="Orion">Tata Group</keyword> "will nurture and take care of it even better," although selling Bisleri was still a "painful" decision, Chauhan said. "I like the <keyword id="8555" type="General" weightage="100" keywordseo="tata" source="Orion">Tata</keyword> culture of values and integrity and hence made up my mind despite the aggression shown by other interested buyers", the report said. Bisleri is said to have had several suitors at different times, including <keyword id="58448" type="General" weightage="50" keywordseo="reliance-retail" source="Orion">Reliance Retail</keyword>, Nestle and Danone. Talks with Tata have been going on for two years and he made up his mind after meeting Tata Sons chairman N Chandrasekaran and Tata Consumer CEO Sunil D'Souza a few months back. "I like them. They are good guys," he told ET. Chauhan doesn't see any point in holding minority stakes after selling the business. "What will I do with it when I am not running the show?" he said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/no-more-chalta-hai-culture-male-crew-must-use-hair-gel-shave-in-case-of-receding-hairline-air-indias-grooming-guidelines/articleshow/95732842.cms">'No more chalta hai' culture, male crew must use hair gel, shave in case of receding hairline: Air India's grooming guidelines</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/article/unicorns-are-pass-cockroaches-are-the-new-favourites-of-venture-capitalists/articleshow/95734214.cms">Unicorns are passé, cockroaches are the new favourites of venture capitalists</a>

Tata Consumer to acquire Bisleri for around Rs 7,000 crore: Report

New Delhi, Dec 20 () Tata Global Beverages Ltd (TGBL) on Friday announced appointment of Sunil Alaric D'Souza as its Managing Director and CEO.
D'Souza, who is currently the MD of consumer durable firm Whirlpool of India, will assume his new role from April 4, 2020, subsequent to the retirement of Ajoy Misra, TGBL said in a statement.
Besides, Ajit Krishna Kumar has been appointed as the company's Chief Operating Officer. 
"Sunil D'Souza brings strong domain knowledge of consumer products businesses, and a successful track record of leadership. His experience and expertise will be very valuable in shaping and developing TGBL for the future," TGBL Chairman N Chandrasekaran said.
D'Souza, who holds a post-graduate diploma in management from the IIM Calcutta, was leading Whirlpool India for last four years.
Prior to this, he had a 15-year stint in Pepsico, where he worked in several leadership roles. 
He started his career at Brooke Bond Lipton India in 1993 and has 26 years of experience in the consumer goods industry.
Ajit Krishna Kumar is currently Senior Vice President in the Chairman's office in Tata Sons, where he leads group strategy for consumer businesses.
He is a graduate from the University of Hartford and also holds an MBA degree from the University of Michigan. KRH
 ANU

TGBL appoints Sunil D'Souza as MD & CEO

<ul><li><keyword id="1107" type="General" weightage="20" keywordseo="sunil-kataria" source="Orion">Sunil Kataria</keyword>, Chief Executive Officer, India and SAARC, <keyword id="140888" type="General" weightage="20" keywordseo="godrej-consumer-products" source="Orion">Godrej Consumer Products</keyword> Limited has been re-elected as the Chairman of the <keyword id="32717" type="General" weightage="20" keywordseo="indian-society-of-advertisers" source="Orion">Indian Society of Advertisers</keyword>.</li><li>Sunil has led the Society over the past five years.</li><li>The <keyword id="222666" type="General" weightage="80" keywordseo="isa" source="Orion">ISA</keyword> played a significant role in formation of BARC and is closely partnering with it towards advertisers getting robust and credible data.</li></ul>The newly elected Executive Council of the Indian Society of Advertisers (ISA) has elected Sunil Kataria, Chief Executive Officer, India and SAARC, Godrej Consumer Products Limited as the Chairman of the ISA. Sunil has led the Society over the past five years to greater heights garnering support from the fellow Executive Council members, the ISA members and other industry bodies. On his election for the sixth consecutive term as the Chairman of the ISA, Sunil said, “In our journey towards creating greater value proposition for the ISA in the industry, the focus will be to make this unique body even stronger in the future to provide value added support to our members for the new normal and beyond. With the digital advertising having ascended as second only to TV and growing even further, our endeavour this year would be take forward our efforts in the area of digital measurement. The ISA’s plans to work with BARC to create a Multimedia Measurement are progressing in good shape. We heartily thank all fraternity organizations for their strong partnering and this will surely help us scale newer heights. I also acknowledge the continuing support by the ISA members in all our endeavours.” He further added, “In particular reference to the Covid-19 pandemic, I am glad to acknowledge the cooperation of all our members, industry associates, vendors and ISA Secretariat team in staying safe, getting vaccinated and adhering to directives by health authorities and governments”. ISA is the apex national body as a strong voice to advertisers over the last 69 years. Its cross-sector advertiser members contribute to more than half of the annual national non-governmental ad spends. ISA, which is a founder member of the World Federation of Advertisers (WFA) and one of the founders of ASCI, continues to partner with other industry bodies that connect to the advertisers. The ISA played a significant role in formation of BARC and is closely partnering with it towards advertisers getting robust and credible data. Other members of the Executive Council are: Atul Agrawal, Senior Vice President – Corporate Brand and Marketing, Tata Services Limited Narendra Ambwani, Director, Agro Tech Foods Limited Tarun G. Arora, Chief Executive Officer &amp; Whole Time Director, Zydus Wellness Limited Subhadip Dutta Choudhury, Chief Executive Officer, Hawkins Cookers Limited Paulomi Dhawan, Independent Director, Whistling Woods International Neil George, Managing Director, Nivea India Pvt Limited Girish Kalyanaraman, Vice President, Brand Operations, Procter &amp; Gamble Hygiene and Health Care Limited Chandru Kalro, Managing Director, TTK Prestige Limited Devraj Lahiri, Chief Operating Officer - India Tobacco Division, ITC Limited Angshu Mallick, Managing Director &amp; CEO, Adani Wilmar Limited Bharat V. Patel, Independent Director, Aditya Birla Sun Life AMC Limited Anuj Poddar, Executive Director, Bajaj Electricals Limited Ramakrishnan Ramamurthi, Advisor J. K. Enterprises Ram Raghavan, Managing Director, Colgate-Palmolive (India) Limited <keyword id="2907402" type="General" weightage="20" keywordseo="gauravjeet-singh" source="Orion">Gauravjeet Singh</keyword>, General Manager – Media Services (South Asia) Media Dept, Hindustan Unilever Limited Shashank Srivastava, Senior Executive Director (Marketing &amp; Sales), Maruti Suzuki India Limited

Sunil Kataria elected as the Chairman of The Indian Society of Advertisers for the sixth consecutive term

<ul><li>IT giant <keyword id="28721" type="CITY" weightage="20" keywordseo="Cognizant">Cognizant</keyword> announced a change of the guard last evening, in addition to releasing its quarterly results. </li><li><keyword id="3928377" type="PERSON" weightage="20" keywordseo="Brian-Humphries">Brian Humphries</keyword>, the current CEO of <keyword id="15492" type="CITY" weightage="20" keywordseo="Vodafone">Vodafone</keyword>’s enterprise solutions unit, has been appointed to replace <keyword id="328719" type="PERSON" weightage="20" keywordseo="Francisco-DSouza">Francisco D'Souza</keyword> as CEO. </li><li>The appointment of a company outsider as CEO - the first in Cognizant’s history - signals a shift away from its core services offering towards <keyword id="6373689" type="UNKNOWN" weightage="20" keywordseo="Cloud-computing">cloud computing</keyword> and data analytics. </li></ul>IT giant Cognizant <a href="https://investors.cognizant.com/2019-02-06-Cognizant-Names-Brian-Humphries-As-CEO-Succeeding-Company-Co-Founder-Francisco-DSouza">announced</a> a change of the guard last evening, in addition to releasing its quarterly results. Brian Humphries, the current CEO of Vodafone’s enterprise solutions unit, has been appointed as the CEO of the Indian <keyword id="6368235" type="UNKNOWN" weightage="20" keywordseo="IT-services">IT services</keyword> behemoth. He replaces Cognizant’s vice-chairman and co-founder, Francisco D'Souza, who is stepping down in April 2019 after a 12-year stint at the helm of the company. Reports surfaced in September 2018 that the company was looking for <a href="https://www.livemint.com/Companies/gpHR31AfTJA0Hor7bqQeEO/Cognizant-may-replace-CEO-Francisco-DSouza-with-an-outsider.html">a replacement </a>for D’Souza. When he took over as CEO in 2007, he became the youngest head of a major technology company in the world. In the following 12 years, Cognizant’s annual revenue rose ten-fold to $16.1 billion as the firm became the go-to IT services company for healthcare and life science clients. Cognizant’s president and co-founder, Rajeev Mehta, who was widely tipped to take over as CEO will also leave his post in April. The appointment of a company outsider as CEO - the first in Cognizant’s history - signals an evolution in the company’s long-term strategy, and one that will be powered by fresh thinking. Humphries brings a different set of ideas to the table, having driven the business solutions divisions of consumer-focussed technology majors like <keyword id="28251" type="CITY" weightage="20" keywordseo="Dell">Dell</keyword> and Hewlett Packard over the course of his career, in addition to Vodafone. As a result, he seems well placed to help Cognizant navigate through an uncertain short term by doubling down on its cloud computing and cybersecurity solutions. Cognizant just announced <a href="https://investors.cognizant.com/2019-02-06-Cognizant-Reports-Fourth-Quarter-And-Full-Year-2018-Results">a subdued outlook </a>for 2019. It is expecting a 7.5-8.5% growth in revenues, well below the double digit growth it is accustomed to. Revenues in the quarter ended December were up only 8% as a rise in revenues from its healthcare clients offset sluggish growth in revenues from services for banking clients - its largest source of income. Cognizant is looking <a href="https://uk.reuters.com/article/us-cognizant-tech-results/cognizant-quarterly-revenue-beats-estimates-appoints-new-ceo-idUKKCN1PV1DA">to reduce its reliance</a> on its core IT services offering, which has seen lower margins in recent years and focus on other IT solutions for businesses like cloud services and data analytics. Most importantly, the company is said to be prioritising inorganic <a href="https://www.livemint.com/Companies/XPIbo7z4fQxOEZOV8O9oMJ/Growth-not-profit-is-Cognizants-new-priority.html">growth over profitability</a> by pursuing acquisitions of smaller firms. Just two weeks ago, it<a href="https://www.bankingtech.com/2019/01/cognizant-acquires-finnish-it-firm-samlink/"> purchased Samlink</a>, a Finnish IT firm, to boost its service offering for companies in the financial services space. SEE ALSO: <a href="https://www.businessinsider.com/here-are-the-21-jobs-you-may-be-doing-in-10-years-now-robots-are-here-2018-10?IR=T">Robots aren't coming, they're here — these 21 jobs are what humans could be doing in 10 years instead</a> <a href="https://www.businessinsider.in/cognizant-appoints-new-coo/articleshow/53633651.cms">Cognizant shuffles senior management, appoints new COO</a>

Cognizant’s founders are making way for a new CEO — and a new approach

<ul><li><keyword id="148911" type="DOMAIN" weightage="20" keywordseo="Tata-Global-Beverages">Tata Global Beverages</keyword> has been renamed as Tata Consumer Products to spearhead FMCG ambitions of the $113 billion Tata group.</li><li>TCL would have iconic brands, including <keyword id="46021" type="COMPANY" weightage="20" keywordseo="Tata-tea">Tata Tea</keyword> and Tata Salt, reaching over 200 million households.</li><li>The move "marks a new strategic direction, an accelerated expansion into India's FMCG market", the company said. </li></ul> New Delhi, Feb 10 () Tata Global Beverages Ltd has been renamed as Tata Consumer Products Ltd to spearhead FMCG ambitions of the USD 113 billion Tata group. Two Tata group firms -- Tata Global Beverages Limited (TGBL) and <keyword id="130104" type="COMPANY" weightage="20" keywordseo="Tata-Chemicals-Limited">Tata Chemicals Limited</keyword> (TCL) on Monday announced that the scheme of arrangement between them regarding the Consumer Products Business of TCL is now "operational" effective from February 7, 2020. "Following this, TGBL has been renamed '<keyword id="8759775" type="COMPANY" weightage="20" keywordseo="tata-consumer-products-limited">Tata Consumer Products Limited</keyword>'," the statement said. Formation of Tata Consumer Products Limited (TCPL) "marks a new strategic direction, an accelerated expansion into India's FMCG market" said TGBL adding that it would "meet evolving consumer needs across the food and beverages spectrum". TCL would have iconic brands, including Tata Tea and Tata Salt, reaching over 200 million households. "This deep distribution architecture will also be supported by the Tata Group's brand building prowess. The company intends to further build on the strong platform provided by its market leading positions in tea and salt by investing in R&amp;D, branding, marketing, manufacturing and distribution to create a stronger and larger food and beverage platform," it added. Commenting on the development, Tata Sons Chairman <keyword id="97017" type="PERSON" weightage="20" keywordseo="N-Chandrasekaran">N Chandrasekaran</keyword> said: "The merger of the consumer businesses of <keyword id="6354310" type="DOMAIN" weightage="20" keywordseo="Tata-Chemicals">Tata Chemicals</keyword> and Tata Global Beverages Limited under Tata Consumer Products consolidates the group's presence in the fast-growing consumer sector." "Tata Consumer Products would be in a unique position to leverage the strong brand, wider product portfolio and distribution reach to serve the growing aspirations of consumers across the country," he added. As announced earlier in December last year, Sunil D'Souza will take over as MD and CEO of TCL with effect from April 4, 2020, after the retirement of Ajoy Misra.

Tatas to bring Starbucks, tea and salt under one roof - to create a mega FMCG company

<keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword> and <keyword id="7636498" type="UNKNOWN" weightage="20" keywordseo="tata-consumer-products">Tata Consumer Products</keyword> Limited on Saturday announced to serve the nation amid the COVID-19 global pandemic, enabling access to essential food and beverage products to the Indian consumers. Consumers can use the Flipkart platform to buy different combo packs of essential products such as beverages (Tata Tea and Coffee) and foods (Tata Sampann Spices, Pulses, and Nutri mixes) offered by Tata Consumer Products. The distribution system is already operational in Bengaluru, and the companies plan to expand these facilities in Mumbai and Delhi in the coming week and tier II towns soon. "With the support of the government and local authorities, we are able to innovate unique distribution and supply chain models that enable us to serve communities in India," said Kalyan Krishnamurthy, CEO, Flipkart Group. The Tata Consumer Company distributors who are now listed online with Flipkart Marketplace, have undergone the Flipkart training for packaging and order fulfilment and will process orders as per the standard operating procedures set by Flipkart. Flipkart's marketplace supply chain will fulfill the orders by picking up these essentials combinations from Tata Consumer Company distributors and delivering them to customers using its extensive network of delivery executives. "This partnership with Flipkart provides an innovative way to set up a strong alternate distribution channel through our wide network," added Sunil D'Souza, MD and CEO, Tata Consumer Products.

Flipkart partners with Tata for distribution of essential supplies during coronavirus lockdown

New Delhi, May 14 () Tata Consumer Products Ltd (TCPL) on Thursday reported a net loss of Rs 122.48 crore for the fourth quarter ended March 2020. The company, earlier known as Tata Global Beverages Ltd, had posted a net profit of Rs 35.99 crore in the January-March period a year ago, it said in a BSE filing. Net sales rose 35.45 per cent to Rs 2,405.03 crore during the quarter under review, as against Rs 1,775.46 crore in the year-ago period. TCPL Managing Director and CEO Sunil D'Souza said, "Nearly all our businesses have recorded good growth during the quarter. It has in many ways, been an unprecedented time for the organization in recent months and we geared up successfully to make sure our essential products reach consumers during this period." The company was able to adapt quickly to changes in consumer trends and buying behaviour through our delivery channels, he added. Total expenses stood at Rs 2,179.41 crore, compared to Rs 1,649.65 crore earlier, up 32.11 per cent. After merging the consumer products business of Tata Chemicals with Tata Global Beverages, the company was renamed TCPL. It owns brands like Tata Salt, Tata Tea, Tetley, Eight O'Clock Coffee and Himalayan water. "This is the maiden result of the combined entity," the company said. During the January-March quarter of this fiscal, TCPL's revenue from its India beverages segment was at Rs 754.83 crore, while the domestic food business stood at Rs 524.44 crore. "For the full year, on a like to like basis, the India foods business clocked a 12 per cent revenue growth. For the quarter, the business registered a 9 per cent revenue growth," it said. Its international beverages segment reported a revenue of Rs 874.41 crore as against Rs 821 crore in Q4 FY2018-19. "During the financial year, International Beverages business grew by 0.4 per cent on constant currency basis (excluding Czech which we exited this year). For the quarter, the business registered a 7 per cent revenue growth," it said. There was growth in Q4 across Tetley, Eight O'Clock brands and private labels in the international markets of US, UK and Canada, driven by consumers bulk buying to stock pantries, it added. For the full fiscal 2019-20, TCPL's net profit was Rs 460.11 crore, up 0.68 per cent from Rs 456.98 crore in the previous year. Net sales in the fiscal stood at Rs 9,637.42 crore, up 32.90 per cent, compared to Rs 7,251.50 crore in 2018-19. "Going forward, we will leverage the learnings from this period to accelerate growth and deliver value to our consumers," D'Souza said. In a separate filing, Tata Consumers said its board on Thursday recommended a final dividend of Rs 2.70 per equity share for the financial year 2019-20. "The Dividend, if approved by the members at the ensuing Annual General Meeting (AGM), will be paid after the AGM," it said. Shares of Tata Consumer Products Ltd on Thursday settled at Rs 362.85 on BSE, up 2.02 per cent from the previous close. KRH ABMABM

Tata Consumer Products Q4 net loss at Rs 122.48 crore

Mumbai, May 7 () Tata Consumer Products (TCPL) on Thursday said it has partnered with food delivery platforms like Domino's Pizza and Zomato to strengthen its direct distribution model and ensure steady supply of its essential products. "Through these partnerships, we intend to safeguard people's health by giving them alternate channels to buy our food and beverage offerings," TCPL Managing Director and CEO Sunil D'Souza said in a statement. The partnerships leverage complementary strengths to ensure essential products reach the doorsteps of consumers who need them, he said. These channel partnerships have been done in a phased manner, with Flipkart being the first e-commerce platform to enable the availability of its essential products in Mumbai, Bengaluru and Delhi. On Domino's Pizza app, this service will be available under "Domino's Essentials" for consumers in Delhi, Mumbai, Bengaluru, Chennai, Hyderabad and Kolkata. Zomato is currently operational in over 60 cities pan-India enabling Tata Consumer's products to reach consumers across the country. In an alternate distribution model, Tata Consumer Products' distributors will list as marketplace sellers on Flipkart, Domino's Pizza, Zomato and other platforms. Additionally, Tata Consumer Products has also started the delivery of its food products through its own nutrition and e-commerce platform, Tata NutriKorner, in two phases. Certain pin-codes in Delhi have already been activated as part of phase one, later phases will cover the whole of Delhi in a couple of weeks, the company said. SM ANSANSANS

Tata Consumer Products ties up with Domino's Pizza, Zomato to deliver essential goods

The app economy has inspired an ‘on-demand’ self-service culture among all kinds of consumers. The <keyword id="5948524" type="General" weightage="20" keywordseo="B2B-sector" source="Orion">B2B sector</keyword> is no exception and brands are responding to the changing customer demands through Direct-to-consumer models. The way brands connect and engage with their customers has changed significantly in the last two years. The digital-first era is transforming conventional buying patterns and behaviours. Customers across segments – whether it’s B2B or B2C – are expecting digital-first, personal and connected experiences as they consume products and services. As a part of this shift, digital commerce or e-commerce has been sweeping the B2B segment lately. According to a McKinsey report, nearly two-thirds of B2B companies across industry sectors now offer e-commerce capabilities. That is an extraordinary number for an industry which has preferred in-person sales so far. This was an inevitable change. But, something more interesting is happening to the B2B space – the emergence of the <keyword id="4055555" type="General" weightage="20" keywordseo="D2C" source="Orion">D2C</keyword> or direct-to-consumer model. What was once considered an exclusive domain for B2C brands is now helping B2B companies explore new possibilities. Key drivers The global pandemic was vital for the growth of the direct-to-customer approach in the B2B segment. It propelled a rapid shift to the digital way of working and compelled companies to launch apps &amp; services at lightning speed. This marked a stark change in what was perceived by buyers as “good enough”. B2B buyers are therefore taking on the habits of B2C buyers, which has shaken some legacy business models and thought processes. A study conducted by TrustRadius in 2021 found that millennials comprise 60% of today’s B2B technology buyers. This generational shift has already moved the needle for B2B e-commerce with a 200% growth in D2C purchases between 2019 and 2020 (source: Salesforce). Adobe CEO Shantanu Narayen emphasized, saying “making the digital economy personal” is a matter of greatest importance to businesses. Adoption of D2C models is helping businesses get this ‘experience’ part right, experts argue. Adoption of digital sales channels have helped brands enhance customer relationships, reach out to more customers and improve the overall competitive advantage. For the successful implementation of D2C models, brands must focus on three key areas Become data-driven: B2B brands understand the power of data in creating compelling D2C models. Throughout the digital buying cycle, data must be leveraged to create a compelling experience for corporate buyers. But brands are grappling with the challenge of fragmented data sets, legacy technologies and siloed approaches in this journey. Moreover, gaining customer insights become a challenge as B2B companies have historically preferred indirect sales channels which distanced them for end-users. The D2C space is highly competitive and brands must focus on data and customer insights for decision-making. B2C brands can learn a thing or two from their B2C counterparts on how to be data-driven. Predictive analytics, AI/ML and customer insights solutions can help brands understand customer behaviour, brand perception and create a 360 degree view of the buyers. Take it personal: Personalized experience has become a universal ask. Successful brands have excelled in gathering customer insights and transforming them into personalized interactions and service offerings. Buyers want real-time responses and digital experiences while brands must also focus on providing this at scale. Metaverse has already shown that the lines between physical and virtual words are blurring. The app economy has inspired an ‘on-demand’ self-service culture and B2B brands must prepare to cater to the growing customer demand through D2C models. Website personalization, short buying cycles, proactivity and the ability to provide a connected experience are a few things that brands must prioritize. Leverage Tech: From AI-powered live search to product recommendation engine to digital signatures, technology is the backbone of building a D2C strategy. Digital experience platforms are growing in popularity among brands that strive to provide a cohesive CX (customer experience). Experts recommend taking a ‘composable’ and software-driven approach while building an ecommerce platform and the underlying tech stack to be able to evolve as you move along. Increasingly, brands are embracing a tech-first, digital-native model of being. D2C strategies will help them pivot to the future more quickly. 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The tech-driven shift to D2C in the B2B sector

<ul><li>The average aggregate demand in China was back to 81% of the pre-pandemic normal as of April 24. </li><li>The demand for consumer staples in China is back to the levels seen before COVID-19 brokeout. </li><li>The relative lag is in consumer discretionary, which, on average, is about 64% of the normal level at the end of April.</li></ul>Global investment bank Goldman Sachs said that most of the reforms announced by the Indian government will have an impact in the medium term while the short term may see a "deeper recession". The country's real GDP growth may fall 5% in the current financial year ending March 2020, the report added. The COVID-19 outbreak happened earlier in China and therefore, it has reduced and the economy is reopening earlier than other parts of the world. Therefore, the recovery trends in China could be a good cue for countries, especially emerging markets like India, to estimate what the post-COVID economic trends might be. China’s equity research team of Goldman Sachs put together a tracker that tracks consumer and industrial demand across China, as the official stats come with a few days lag. The tracker revealed steady growth in China’s economy. “if we really look at the most recently updated, the average aggregate demand, the level average to about 81% as of April 24. So that’s our last, the data points updated and this is a versus the bottom in February, which is only around 50%. Back in January we were at about 90%. So the pace of the recovery was quite rapid from February to March in the first month of activity resumption,” said Trina Chen, Co-head at Goldman Sachs China’s equity research. <div type="Article" hostid="261" msid="75785648" title="Indian firms can now directly list in foreign markets – there are a few more big changes to Companies Act" mstype="2" mssubtype="0"></div> Consumer staples and construction are recovering the fastest. “Consumer staples are food-related demand, essentially demand that has little disruptions and recovered very quickly after the disruption in February in China. Construction was quite depressed back in February, but because of government policy push, so, it’s now back to the pre-virus level, even a little bit higher than the pre-virus level,” Chen said. <div type="Youtube" id="07Hfxy17REU" title="The Daily Check-In: Tracking China’s Economic Recovery" thumbUrl="https://i.ytimg.com/vi/07Hfxy17REU/mqdefault.jpg"></div> This will be good news for the likes of consumer products makers like Hindustan Unilever (HUL) and Marico as well as retailers like D-Mart and Reliance Retail to name a few. For Sanjiv Mehta, CEO of Hindustan Unilever, who had <a href="https://www.businessinsider.in/policy/economy/news/hul-ceo-had-hoped-for-a-v-shaped-economic-recovery-from-covid-19-crisis-but-investors-fear-a-lot-worse/articleshow/75547375.cms" data-type="tilCustomLink" target="_blank">expected a V-shaped recovery in April</a>, this data from Goldman Sachs will be vindication. <table style="width: 156pt;"> </colgroup> <tbody><tr> <td class="xl63" style="height:15.0pt;width:87pt">Stock</td> <td class="xl63" style="border-left-width: initial; border-left-style: none; width: 69pt;">Last 3 months</td> </tr> <tr> <td class="xl63" style="height: 15pt; border-top-width: initial; border-top-style: none;">Emami</td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-30.77%</td> </tr> <tr> <td class="xl63" style="height: 15pt; border-top-width: initial; border-top-style: none;">Godrej Consumer</td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-13.19%</td> </tr> <tr> <td class="xl63" style="height: 15pt; border-top-width: initial; border-top-style: none;">Dabur</td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-12.29%</td> </tr> <tr> <td class="xl63" style="height: 15pt; border-top-width: initial; border-top-style: none;">HUL</td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-9.89%</td> </tr> <tr> <td class="xl63" style="height: 15pt; border-top-width: initial; border-top-style: none;">Marico</td> <td class="xl64" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">4.73%</td> </tr></tbody></table> The relative lag is in consumer discretionary, which, on average, is about 64% of the normal level at the end of April, according to Goldman Sachs. That indicates a relatively slow recovery for car makers like <a href="https://www.businessinsider.in/business/corporates/news/maruti-suzuki-share-price-as-q4-profit-falls-28/articleshow/75715791.cms" data-type="tilCustomLink" target="_blank">Maruti, Tata Motors and M&amp;M</a> who have been struggling with declining sales for over a year now. <table style="width: 138pt;"> </colgroup> <tbody><tr> <td class="xl65" style="height:15.0pt;width:69pt">Stock</td> <td class="xl65" style="border-left-width: initial; border-left-style: none; width: 69pt;">Last 3 months</td> </tr> <tr> <td class="xl65" style="height: 15pt; border-top-width: initial; border-top-style: none;">Tata Motors</td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-50.12%</td> </tr> <tr> <td class="xl65" style="height: 15pt; border-top-width: initial; border-top-style: none;">M&amp;M</td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-27.09%</td> </tr> <tr> <td class="xl65" style="height: 15pt; border-top-width: initial; border-top-style: none;">Maruti Suzuki</td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-26.23%</td> </tr></tbody></table> However, China hasn’t fully recovered to pre-COVID levels, as some of the businesses aren’t still fully functional like airlines and theatres. Air travel and tourism business continue to remain weak. <div type="Article" hostid="261" msid="75785709" title="India will reduce the number of central government companies⁠— some of them will get bigger and some will be sold to private players" mstype="2" mssubtype="0"></div> Even in India, hospitality majors <a href="https://www.businessinsider.in/business/news/oyo-mahindra-holidays-emirates-and-boeing-agree-people-wont-fly-for-a-while/articleshow/75731204.cms" data-type="tilCustomLink" target="_blank">OYO and Mahindra Holidays have changed their post-COVID strategy</a> on the premise that people are not going to be flying abroad anytime soon. Both companies believe that people will prefer to travel to places that are within driving distances, and not those where they will have to take a flight to, even after the lockdown is lifted. <table style="width: 166pt;"> </colgroup> <tbody><tr> <td class="xl65" style="height:15.0pt;width:97pt">Stock</td> <td class="xl65" style="border-left-width: initial; border-left-style: none; width: 69pt;">Last 3 months</td> </tr> <tr> <td class="xl65" style="height: 15pt; border-top-width: initial; border-top-style: none;">SpiceJet</td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-48.85%</td> </tr> <tr> <td class="xl65" style="height: 15pt; border-top-width: initial; border-top-style: none;">Interglobe Aviation</td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-31.62%</td> </tr></tbody></table> The box office and casino businesses are down due to people avoiding public gatherings. “So these are kind of the differences within the customer discretionary. But, having said that overall we still see a couple of percent improvement, each week sequentially on is probably the most important sector,” said Chen. <table style="width: 154pt;"> </colgroup> <tbody><tr> <td class="xl65" style="height:15.0pt;width:77pt">Stock</td> <td class="xl65" style="border-left-width: initial; border-left-style: none; width: 77pt;">Last 3 months</td> </tr> <tr> <td class="xl65" style="height: 15pt; border-top-width: initial; border-top-style: none;">Inox</td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-59.19%</td> </tr> <tr> <td class="xl65" style="height: 15pt; border-top-width: initial; border-top-style: none;">PVR</td> <td class="xl66" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-58.90%</td> </tr> <tr> <td class="xl65" style="height: 15pt; border-top-width: initial; border-top-style: none;">Delta Corp</td> <td class="xl67" style="border-top-width: initial; border-top-style: none; border-left-width: initial; border-left-style: none;">-22.20%</td> </tr></tbody></table> Over the past weeks, India has started to relax the lockdown norms, but epidemiologists and public <a href="https://www.businessinsider.in/india/news/india-will-see-multiple-waves-of-covid-19-infections-every-few-months-but-thats-not-a-reason-to-panic/articleshow/75707889.cms">health experts warn that it could result in another outbreak.</a> SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/indigo-spicejet-adani-gmr-gvk-share-price-may-gain-after-civil-aviation-reforms/articleshow/75775888.cms">Indigo and Spicejet get shorter routes, cheaper fuel bills while Adani, GMR, and GVK get more airport projects to bid for</a> <a href="https://www.businessinsider.in/india/news/hindalco-jspl-coal-india-companies-that-will-benefit-from-nirmala-sitharamans-reforms/articleshow/75775443.cms">Hindalco, JSPL, Adani, Coal India, and many more stocks that can benefit from India’s sweeping reforms in coal and mineral sector</a> <a href="https://www.businessinsider.in/science/space/news/lt-and-godrej-join-like-boeing-and-lockheed-martin-ula-after-biggest-space-reform/articleshow/75778037.cms">"Now, L&amp;T and Godrej can join hands like Boeing and Lockheed Martin’s ULA," says Gateway House scholar cheering India’s 'biggest space reform'</a>

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