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TCPL to double capex this fiscal, expand into new categories

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Tata Consumer Products Ltd (TCPL) plans to double its capital expenditure (capex) this fiscal year, with a major investment in setting up a new plant in Vietnam. TCPL aims to become a full-fledged FMCG company and has been working on consolidating its various food and beverage interests. Last year, TCPL made significant acquisitions, expanding its portfolio and foothold in new food categories. The company is well-positioned to capitalize on the long-term opportunities presented by India's consumer market, driven by factors such as a young population, growing middle class, and increasing disposable incomes. TCPL will continue to consider attractive acquisitions that make financial sense and support growth.