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Tata Consumer Products to accelerate growth of core businesses
YourStory
ยท
1y ago
Medial
In its annual report, Tata Consumer Products Limited (TCPL) has announced its commitment to investing in its core businesses, including tea, coffee, and salt. The company aims to strengthen and accelerate these businesses, with a focus on brand-building efforts and launching new products. TCPL has also seen success in international markets such as the UK, USA, and Canada. With a revenue of over Rs 15,000 crore in the last fiscal year, TCPL has taken both organic and inorganic approaches to tap into new markets and cater to diverse consumer needs.
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Starbucks India to accelerate store expansion after 'tempered' growth period
Livemint
ยท
15d ago
Medial
Tata Consumer Products Ltd, which operates Starbucks in India, plans to accelerate the coffee chain's expansion after a temporary slowdown in store additions. In the June quarter, the company opened six new outlets, totaling 485 stores. Aiming for 1,000 locations by 2028, Starbucks India also intends to explore more Starbucks Reserve stores. The expansion strategy highlights the company's optimism about the Indian market despite recent tempered growth.
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We are not in discussions with Haldiram's for stake acquisition, says Tata
IndianStartupNews
ยท
1y ago
Medial
Tata Consumer Products and Haldiram's have both denied reports of negotiations regarding a stake acquisition. Tata Consumer Products refuted claims that it is in talks to acquire at least a 51% stake in Haldiram's, citing a $10 billion valuation demand as a reason for hesitation. Haldiram's also stated that it is not engaged in any discussions with Tata Consumer Products regarding a stake sale. These statements come in response to a Reuters report suggesting negotiations between the two companies.
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Tata Motors' finance unit to merge with Tata Capital
VCCircle
ยท
1y ago
Medial
Tata Motors' vehicle financing unit, Tata Motors Finance, will merge with non-banking financial company Tata Capital through a share swap deal. Shareholders of Tata Motors Finance will receive 37 Tata Capital shares for every 100 shares they hold. The merger aligns with Tata Motors' objective of exiting non-core businesses. Tata Capital, the financial services arm of the Tata Group, provides vehicle loans, home loans, and education loans. After the merger is completed, Tata Motors will hold a 4.7% stake in the merged entity.
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Tata Consumer Products completes merger of three wholly-owned subsidiaries in India
YourStory
ยท
11m ago
Medial
Tata Consumer Products Ltd (TCPL), an FMCG maker, has merged three of its wholly-owned subsidiaries after receiving approval from NCLT and other regulatory clearances. The subsidiaries include Tata Consumer Soulfull Pvt Ltd, NourishCo Beverages Ltd, and Tata SmartFoodz Ltd. The consolidation aims to streamline the business and unlock efficiencies and synergies. There will be no changes in the operating structure of these units, and they will continue to focus on millet-based products, ready-to-drink products, and ready-to-cook/ready-to-eat products. TCPL's product portfolio includes tea, coffee, water, spices, snacks, and more.
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Tata Consumer eyeing two acquisitions; Apax puts Healthium on the block
VCCircle
ยท
1y ago
Medial
Tata Consumer Products is reportedly set to acquire a 75% stake in Capital Foods Pvt. Ltd, the company behind Chingโs Secret. Additionally, Tata Consumer Products is said to be in talks to make another acquisition in the FMCG sector. Apax, on the other hand, is said to be selling its stake in Healthium.
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AI-led operations to drive next phase of value creation at Tata Consumer Products, says CFO
Economic Times
ยท
1m ago
Medial
Tata Consumer Products Limited (TCPL) is using artificial intelligence (AI) to enhance operations and drive value creation, as stated by CFO P B Balaji. The company is focusing on digital marketing and hyper-personalization to adapt to shifts in consumer preferences, particularly towards health-conscious and premium products. Despite global economic challenges, TCPL has experienced growth, attributed to innovation and the integration of AI across operations, and aims to build a future-ready FMCG powerhouse.
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India emerging as a bright spot, poised to lead next decade: N Chandrasekaran
YourStory
ยท
1y ago
Medial
India is being seen as a promising country that is set to lead the next decade, according to N Chandrasekaran, Chairman of Tata Consumer Products. Despite global uncertainties and challenges, India's resilient and adaptable economy, supported by strong balance sheets, a healthy banking system, favorable corporate tax rates, a thriving capex cycle, and robust digital infrastructure, positions it well for future growth. Chandrasekaran highlights factors such as shifting supply chains, energy transitions, and the impact of artificial intelligence as further shaping the global landscape. He emphasizes the vast opportunity in India's consumer market, driven by factors like a young population, growing middle class, rapid urbanization, increasing disposable incomes, and rising aspirations. Tata Consumer Products aims for sustainable growth and value delivery to stakeholders, with investments in key capabilities like sales and distribution networks and e-commerce. In FY24, the company achieved a revenue growth of 10%.
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Beauty, wellbeing, mini meal: HUL eyes high-growth segments to boost demand | Company Business News
Livemint
ยท
8m ago
Medial
Consumer goods company Hindustan Unilever Ltd (HUL) has revealed a new strategy focused on capitalising on increasing household income and consumer preference for premium products. HUL has identified six high-growth segments, including premium face care and premium hair care, that contributed โน7,000 crore in revenue during FY24. The company expects these markets to double or quadruple over the next ten years, driven by rising GDP and disproportionate FMCG growth. HUL aims to achieve double-digit earnings per share growth through top-line performance and premiumisation. It plans to prioritise its core portfolio, future core brands, and market makers to tap into future trends.
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Insurtech startup Riskcovry gets $4.5 million in bridge round
Economic Times
ยท
1y ago
Medial
Riskcovry, an insurtech startup, has raised $4.5 million in a bridge round of funding. The company aims to use the funds to expand its team, enhance its product offerings, and accelerate its growth in the insurance sector. Riskcovry provides innovative insurance solutions through its API platform, helping businesses integrate insurance products seamlessly into their existing platforms.
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Starbucks India revenue up 12% in FY24, loss widens to โน81 crore
Livemint
ยท
1y ago
Medial
Tata Starbucks Private Limited, the joint venture between Tata Consumer Products Limited and Starbucks, reported a widened loss of โน81 crore and a 12% growth in revenue from operations in fiscal year 2024. The company also opened a record number of stores in India during this period. Despite the weak demand for quick service restaurants, Tata Starbucks remains committed to its goal of opening 1,000 stores in India by 2028. The Indian coffee market is projected to grow at a CAGR of 9.2% until 2028.
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