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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

<ul><li>Last November, <keyword id="115415" type="General" weightage="20" keywordseo="Bisleri" source="Orion">Bisleri</keyword> International’s chairman Ramesh Chauhan said that they were in talks with Tata Consumer Products for a possible stake sale.</li><li>Bisleri has been in talks with Tata Group for more than two years.</li><li>Chauhan had even met <keyword id="4057577" type="General" weightage="20" keywordseo="Tata-Sons-chairman-N-Chandrasekaran" source="Orion">Tata Sons chairman N Chandrasekaran</keyword> and <keyword id="16826654" type="General" weightage="20" keywordseo="Tata-Consumer-CEO-Sunil-DSouza" source="Orion">Tata Consumer CEO Sunil D'Souza</keyword>.</li><li>There have been reports of several buyers at different times, including Reliance Retail, Nestle and Danone.</li></ul>Tata Consumer Products, the Kolkata based FMCG wing of the Tata Group, has informed exchanges that it has ceased negotiations with Bisleri for a potential stake in the company. <a href="https://www.businessinsider.in/business/news/tata-consumer-to-acquire-bisleri-for-around-rs-7000-crore-report/articleshow/95734960.cms">Last November</a>, an Economic Times report said that Bisleri International’s chairman Ramesh Chauhan was planning to divest the company and was in talks with Tata Consumer Products for an estimated buyout of ₹6,000-7,000 crore. “In this regard, the Company wishes to update that it has now ceased negotiations with Bisleri with regard to a potential transaction and to confirm that the Company has not entered into any definitive agreement or binding commitment on this matter,” said Tata Consumer Products in an exchange filing. Bisleri is India's largest packaged water company. Reports also said that Chauhan, aged 82, does not have a successor to take Bisleri to the next level of expansion. In an <a href="https://economictimes.indiatimes.com/news/india/tata-consumer-to-acquire-bisleri-for-about-7000-crore/articleshow/95726148.cms">interview to ET </a>last year, Chauhan had said that he believed the Tata Group "will nurture and take care of it even better," while it was still a painful decision for him. "I like the Tata culture of values and integrity and hence made up my mind despite the aggression shown by other interested buyers," he said. There have been reports of several buyers at different times, including Reliance Retail, Nestle and Danone. As per reports, Bisleri has been in talks with Tata Group for more than two years. Chauhan had even met Tata Sons chairman N Chandrasekaran and Tata Consumer CEO Sunil D'Souza. Currently, Tata Consumer Products sells packaged mineral water under the Himalayan brand with products — Tata Copper Plus Water, Tata Gluco plus, Himalayan Sparking, Himalayan Still water. Bisleri was originally an Italian alcohol remedy drink created by 19th century inventor Felice Bisleri. In 1965, Italian doctor Cesari Rossi and Indian businessman Khushroo Suntook introduced Bisleri bottled water in India by setting up a factory in Thane. Later the companyacquired the struggling Bisleri brand in 1969. Bisleri has 150 operational plants and a network of 6,000 distributors and 7,500 trucks across India and neighbouring countries. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/tcs-achievements-during-rajesh-gopinathans-tenure/slidelist/98729647.cms">TCS’ achievements under the stewardship of outgoing CEO Rajesh Gopinathan</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/reliance-shares-down-22-from-all-time-high-attractive-entry-opportunity-says-jp-morgan/articleshow/98725589.cms">Reliance shares down 22% from all-time high: Attractive entry opportunity, says JP Morgan</a>

Tata Consumer Products ceases talks with Bisleri for a potential acquisition

<ul><li>Tata Consumer Products’ revenue rose 11% year-on-year at ₹3,363 crore.</li><li>Its margin was impacted due to inflationary and pricing pressures in international markets.</li><li>Amid heightened inflation and adverse currency movements, the FMCG player says it will execute a cost saving plan to protect margins going ahead.</li></ul>Tata Consumer Products’ second quarter net profit grew 36% to ₹355 crore from ₹261 crore in the same quarter last year. Its revenues rose 11% to ₹3,363 crore from ₹3,033 crore in the same period. Its EBITDA margin contracted to 13% in Q2 FY23 as compared to 13.9% in Q2 FY22. “We delivered another quarter of double digit revenue growth while balancing margins despite inflationary pressures, weakness of currency and some lag in pricing in international markets,” said Sunil D’Souza, MD &amp; CEO of Tata Consumer Products. In domestic business, the India packaged beverages business recorded 7% revenue decline due to pricing corrections and overall softness in the category. Tata Salt, Tata Sampann, NourishCo, Tata Soulfull and coffee segments witnessed strong growth momentum. “We have accelerated the pace of innovation this year with the number of new launches being twice as much as the same period last year. Our new engines of growth- Tata Sampann, NourishCo, Tata Soulfull have delivered significant growth and are expanding their portfolio and reach. Our out of home businesses - NourishCo and Tata Starbucks recorded strong growth during the quarter,” said D’Souza in an exchange filing. Tata Starbucks recorded strong revenue growth of 57% for the quarter, led by normalized store operations and a revival in out of home consumption. Amid heightened inflation and adverse currency movements, the FMCG player says it will execute cost saving plans to protect margins going ahead. “While unprecedented inflation and adverse currency movements in our international business have weighed on our margin this quarter, we will be driving structural cost saving initiatives to improve the trajectory going forward. Our transformation agenda to become a leading FMCG company continues to be on track,” said the company. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Profit after tax </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q2 FY23 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹3,363 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹355 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Q2 FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹3,033 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹261 crore </td></tr></tbody><tbody></tbody></table> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/axis-banks-net-profit-grows-70-to-5330-crore-in-q2/articleshow/94991414.cms">Axis Bank’s net profit grows 70% to ₹5,330 crore in Q2</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/zerodhas-co-founders-nithin-and-nikhil-kamath-donate-100-crore-in-fy22/slidelist/94991823.cms">Zerodha’s co-founders Nithin and Nikhil Kamath donate ₹100 crore in FY22</a>

Tata Consumer Products profit grows 36% to ₹355 crore in Q2 FY23

<ul><li><keyword id="1397210" type="General" weightage="20" keywordseo="tata-starbucks" source="Orion">Tata Starbucks</keyword> recorded its highest-ever number of store openings during the year.</li><li>It is now present in 26 cities and the number of stores increased from 221 in FY21 to 268 at the end of FY22.</li><li>It has a leadership position in tea and salt segments, and the premium versions of the latter business are growing too.</li></ul>As footfalls into coffee houses picked up after the pandemic, India’s most popular coffee retail chain – Tata <keyword id="6377922" type="General" weightage="20" keywordseo="starbucks" source="Orion">Starbucks</keyword>, is all set for a year of growth. In FY22, its revenue grew 77% because of record store openings and entry in seven cities. In India, the global major is in a 50:50 joint venture with Tata Consumer Products. “Tata Starbucks is on track to become a major national (urban) brand. In our opinion, strong operational performance and growing brand acceptance will allow the brand to grow at an accelerated rate,” said a report by ICICI Securities. From its presence in just 8 cities in FY19, it is now present in 26 cities. The number of stores increased from 221 in FY21 to 268 at the end of FY22. Tata Starbucks added the highest number of stores during the Jan-Mar period. “Revenue grew 32% YoY during the Jan-Mar quarter , partially impacted by the third wave of COVID-19. Growth was back on a strong trajectory led by swift re-opening post the third wave with 96% stores re-opened. The business was EBITDA positive for the quarter,” said a report by Motilal Oswal It also entered seven new cities of Jaipur, Siliguri, Trivandrum, Guwahati, Nashik, Bhubaneswar and Goa. The sales in these stores grew 18% during FY22 on back of relaxing Covid-19 norms. Leadership in tea and salt segments Apart from ready-made coffee, Tatas are also making money off other forms of beverages as well. Tea, which has been its mainstay for long – in fact it was earlier called Tata Tea – is also aiding its growth in the FMCG segment. Tata Consumer Products’ market share in India Tea expanded by 100 basis points to 22.2%. Its salt segment sales have been picking up too. “Tata Consumer Products has two steady base businesses – salt and tea – with market leadership and potential for sustaining high single-digit to low-double-digit growth in revenue,” said a report by Edelweiss Research. Its tea business reported 6% volume growth though its premium variants grew at a rate of 1.2 times of overall volumes in the fourth quarter of FY22. Tea prices can reduce but salt will remain high Tea prices increased dramatically in FY21 due to lower harvest, but they have in India have come off significantly from their peak. In FY22 too, there was a drought in Assam in May and November, which led to a shortage of the crop. But now analysts say, prices have fallen after a decent monsoon forecast. “Tea prices are expected to be range bound or even decline to normal levels,” said a report by Motilal Oswal. As prices go down, it will boost demand. On the other hand, Tata Salt is a household name as the brand is distributed across 2.55 million outlets, reaching 214 million households across the country. “Salt reported 17% value and 8% volume growth. Its market share expanded by 400 basis points to 37% in FY22,” said a report by ICICI Securities. The company continued to invest in differentiated variants of salt and introduced Tata Salt Super Lite, Shuddh by Tata Salt and Tata Salt Immuno. These premium salt portfolio’s gross sales crossed ₹1 billion by growing 26% on year. The company faced certain issues regarding the sourcing of salt due to rising freight, petroleum and energy costs coupled with erratic rainfall and drought in Gujarat – which increased salt prices. “The company has taken a price hike of ₹4 over a base of ₹21 between July 2021 and April 2022 and management has guided further price hikes depending on the scenario while maintaining the margins and increasing the market share,” said analysts at Motilal Oswal. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/ev-fires-will-happen-says-olas-bhavish-agarwal-after-tata-nexon-ev-fire-reports/articleshow/92406258.cms">EV fires will happen says Ola's Bhavish Agarwal after Tata Nexon EV fire reports</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/personal-finance/news/what-is-a-floating-rate-fixed-deposit-fd/articleshow/92405074.cms">A floating rate fixed deposit can be a good investment, for the next one year</a>

Tata Consumer sees growth on the back of Starbucks, tea and salt

<ul><li>FMCG majors Hindustan Unilever and Nestle have reportedly announced a price hike on a range of daily essential products.</li><li>This comes at a time when the country is facing high inflation rates across sectors.</li><li>Price hike by consumer goods giants amid inflation pressures and weak rural demand speaks a lot about the challenging environment for the sector.</li></ul>Two of the biggest fast moving consumer goods (FMCG) companies have increased prices of a range of products including tea, coffee, milk and noodles. This means your morning coffee, snacks or rather breakfast would cost you more from now on. CNBC-TV18 reported that Hindustan Unilever (HUL) and Nestle have announced a price hike on these products. HUL has hiked Bru coffee powder prices by 3-7% across packs citing significant inflationary pressures. Nestle India has reportedly hiked the price of its popular instant noodles brand Maggi by 9-12%, which turns out to be an increase in Maggi Masala Noodles’ 70 gram pack to ₹14 from ₹12 currently. The FMCG major has also increased the price of 1 litre milk carton by 4% to ₹78 from ₹75 currently. This comes at a time when the country is facing high inflation rates across sectors because of high crude oil prices and <a href="https://www.businessinsider.in/india/news/expect-your-household-budget-to-go-up-sharply-as-prices-of-essential-items-take-a-plunge/articleshow/89954724.cms">other raw materials</a>. In fact, the household budget of an average household has gone up significantly in the last few months because of the soaring inflation that has led to constant increases in prices of commodities like biscuits, soaps, shampoo, oil, milk and now on coffee and Maggi. While inflation was a real problem for the country even before, major macro concerns hit the country a few weeks back. Inflation has shot up because the country is struggling to get enough supply of commodities due to a full-blown war between the two of the biggest producers (Russia and Ukraine) of these commodities. So naturally, less supply and high demand is likely to increase the price of such products. This has led to weak rural demand and hence lower profits for the FMCG brands like HUL, <keyword id="6361485" type="General" weightage="20" keywordseo="marico" source="Orion">Marico</keyword>, Nestle and so on. Adding to it analysts have also downgraded their rating on FMCG stocks due to this. “We have been underweight on the (FMCG) sector since early 2020; the sector has underperformed in the last two years, with mild de-rating in progress. Despite the correction, we do not see room for any valuation upsides; rather, we expect more valuation risks in the next few years,” said analysts at HDFC Securities in a report dated March 10. The brokerage firm has also cut its multiples for FMCG companies – HUL, Nestle, Britannia and Emami – with a “reduce” rating. Shares of several FMCG companies have given poor returns in 2022 so far. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">FMCG players </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">% returns in 2022 so far </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Godrej Consumer Products </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-25.66% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Colgate-Palmolive Company </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-12.79% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">HUL </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-12.69% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Nestle India </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-11.91% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Britannia </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-11.65% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Emami </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-7.99% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Dabur </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-6.92% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Tata Consumer Products </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-3.49% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Marico </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-1.02% </td></tr></tbody></table> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/bharatpe-will-now-offer-gold-loans-for-merchant-partners/articleshow/90199544.cms">BharatPe will now offer gold loans for merchant partners</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/vodafone-idea-partners-with-nazara-tech-to-foray-into-mobile-gaming/articleshow/90198674.cms">Vodafone Idea partners with Rakesh Jhunjhunwala-backed Nazara Tech to foray into mobile gaming</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/dominos-operator-jubilant-foodworks-under-pressure-as-ceo-resigns/articleshow/90195617.cms">Shares of Jubilant FoodWorks plunge as CEO resigns and brokerages downgrade the stock</a>

You may have to shell out more for your morning coffee and noodles

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

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

<keyword id="167620" type="General" weightage="50" keywordseo="wipro-consumer-care" source="Orion">Wipro Consumer Care</keyword> on Monday announced its entry into the packaged food and spice segment by acquiring <keyword id="3043461" type="General" weightage="80" keywordseo="nirapara" source="Orion">Nirapara</keyword>, one of the largest-selling traditional food brands in Kerala. The deal size was not disclosed by the company. The <keyword id="10862" type="General" weightage="100" keywordseo="wipro" source="Orion">Wipro</keyword> group arm has signed a definitive agreement with Nirapara, a company statement said. With this acquisition, Wipro Consumer Care joins FMCG firms such as Dabur, Emami, Tata Consumer Products Ltd and ITC, which are already present in the spices market. Launched in 1976, Nirapara is known for its blended spices. The brand leads in producing a large variety of spice mixes, and rice powder used in making 'appam', 'idiyappam', etc. "Nirapara is our 13th acquisition and gives us a clear foothold in the spices and read-to-cook segment," <keyword id="385584" type="General" weightage="50" keywordseo="wipro-consumer-care-and-lighting" source="Orion">Wipro Consumer Care and Lighting</keyword> and Executive Director - <keyword id="1443098" type="General" weightage="50" keywordseo="wipro-enterprises" source="Orion">Wipro Enterprises</keyword> Vineet Agarwal said. Presently, Nirapara's 63 per cent of business comes from Kerala, 8 per cent from the rest of <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword> and the remaining 29 per cent from international markets, largely Gulf Cooperation Council (GCC) countries. Wipro Consumer Care and Lighting and Executive Director - Wipro Enterprises Anil Chugh said there is a huge opportunity in this space for shifting consumers from an unorganized to an organized market by offering authentic, pure and trusted spice mixes. Wipro Consumer Care and Lighting, a part of Wipro Enterprises, is among the fastest-growing FMCG businesses in India. The company recorded a revenue of Rs 8,630 crore in FY22 and its business includes personal wash products, toiletries, facial care products, wellness products, home care products, electrical wire devices, domestic and commercial lighting and seating solutions. It has a strong brand presence with a significant market share across segments in India, Southeast Asia, the <keyword id="30350" type="General" weightage="50" keywordseo="middle-east" source="Orion">Middle East</keyword> and <keyword id="12925" type="General" weightage="50" keywordseo="africa" source="Orion">Africa</keyword>. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/private-equity-investments-in-indias-real-estate-sector-witnessed-a-17-decline-in-2022/articleshow/96338847.cms">PE investments in real estate decline 17% in 2022 due to inflation, rising interest rates – Knight Frank India</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/kec-international-bags-new-orders-worth-1313-crores/articleshow/96338350.cms">KEC International bags new orders worth ₹1,313 crores</a>

Wipro acquires packaged food and spices brand Nirapara

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

New Delhi, May 18 () Tata Consumer Products Ltd (TCPL) on Monday said it will acquire the stake of PeopsiCo in their joint venture NourishCo Beverages. The size of the deal was not disclosed by the company. The move is an effort by the Tata Group firm to widen its portfolio in the growing food and beverages space, TCPL said in a statement. NourishCo, a 50:50 joint venture of TCPL and PepsiCo, operates in the healthy hydration space and has brands like Himalayan mineral water, Tata Gluco Plus and Tata Water Plus."This move is consistent with Tata Consumer's focus on wideningits portfolio in the food and beverages space. These brands have been crafting their growth models which are now ready for deployment on a wider scale," TCPL said in a statement. NourishCo was formed in 2010 as a joint venture between Tata Global Beverages (now TCPL) and PepsiCo India. TCPL intends to use its sizeable resources, the capabilities acquired and the brands it now has , to give "wings to its ambition in the value added liquid refreshment beverages space" in India, it said."This decision has been made after extensive deliberation between the JV partners and we feel this will bring in greater focus to the NourishCo Business. The liquid beverages category has exciting growth potential and this move will help us strengthen and widen our presence in it," TCPL MD &amp; CEO Sunil D'Souza said. Over the years, NourishCo has built a capable team and a network of distributors,co-packers and vendors. "We will look to scale up these capabilities further and build a differentiated position in this segment. We would like to thank PepsiCo for their partnership and support to the JV so far. This has been instrumental in helping build a strong foundation for the NourishCo business," he added. After merging the consumer products business of Tata Chemicals with Tata Global Beverages, the new entity was renamed TCPL and now owns brands like TATA Salt, TATA Tea, Tetley, Eight O' clock and Himalayan Water. KRH ANUANU

Tata to buy out PepsiCo's stake in JV NourishCo Beverages

<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

New Delhi, Jun 4 () Tata Consumer Products expects its profitability to be impacted in the short term due to the coronavirus outbreak as input costs have risen on account of commodity price volatility and supply constraints during the pandemic and subsequent lockdown. However, the company said it was difficult to access the quantum at this stage. Though the sales of the company is getting back to normal levels, the health crisis has imposed incremental operating costs on the business, said Tata Consumer Products Ltd (TCPL) in a regulatory filing. "While there will be some impact on our profitability in the short term... it is difficult to assess the exact quantum at this stage," said TCPL. The Tata group company, which owns popular brands like Tata Salt, Tata Tea, Tetley, Eight O' clock and Himalayan Water, however, said it is in a "comfortable liquidity position" to meet its commitments. The company has taken adequate measures to "control costs, to conserve cash and to address any evolving situation" resulting from the pandemic, it said adding that all internal tabs and controls over financial reporting are in a "satisfactory" manner. On the estimation of future impact of COVID 19 on its operations, TCPL said "Considering the fact that the situation is exceptional and is changing dynamically, the company is not in a position to gauge with certainty how the evolving situation will influence its operations going forward." Based on the current trends, the current scenario is not expected to have a material adverse impact on the company, it added. "The out-of-home business segments, in general, have been impacted due to the lockdown conditions. However, this business segment is not materially significant within the overall business portfolio of the company," said TCPL As far as JV Tata Starbucks is concerned, TCPL said it is now able to open about its 40 per cent outlets for the delivery and takeaway business. The company also expects some crop shortfall in its plantations side, as all tea and coffee plantations in India were also shut till early April. "While they opened early April with limited manpower and operations, barring a few geographies today, they are now currently operating almost to full capacity. There has been some crop shortfall during this period due to the curtailment of operations," it said On the impact of the pandemic on its Indian operations, TCPL said that though it witnessed disruptions starting from the middle of March and the operations started resuming partially since early April, after receiving requisite government permissions. "In the initial period, we saw a mixed response across channels – good sales off-take in modern trade and e-commerce, which to some extent was reflective of panic buying, whereas sales in traditional channels and food service were adversely impacted primarily because of closure of stores and issues with sales manpower and logistics," it said. The situation has, however, progressively improved with easing of lockdown measures including higher market openings and facilitation measures for the supply chain. Sharing the details of its international operations, TCPL said its factories have been running flat out. "We saw higher demand, with significant increase in in-home consumption due to stocking with offices, bars and restaurants closed during the lockdowns. A shift to more normal consumptions levels is beginning in certain markets," it said adding that tea and coffee sales to retail customers have increased due to higher in-home consumption. However, its out-of-home businesses in the US and Australia have seen a sharp decline. After merging the consumer products business of Tata Chemicals with Tata Global Beverages, the company was renamed TCPL. KRH RKL ANS ANS

You Searched For "Tata Consumer Products Ltd" and got 12 results

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

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Tata Consumer Products ceases talks with Bisleri for a potential acquisition

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Tata Consumer Products profit grows 36% to ₹355 crore in Q2 FY23

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Tata Consumer sees growth on the back of Starbucks, tea and salt

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You may have to shell out more for your morning coffee and noodles

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

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

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Wipro acquires packaged food and spices brand Nirapara

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Tata Consumer Products Q4 net loss at Rs 122.48 crore

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Tata to buy out PepsiCo's stake in JV NourishCo Beverages

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

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Tata Consumer expects COVID-19 impact on profitability; hit by commodity price, supply constraints

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