Tata Consumer Products

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Tata Steel in talks to raise up to $400 million in offshore green loan

Tata Neu allows users to buy groceries and gadgets as well as reserve airplane tickets and restaurants from brands under Tata

The Tata Group company announced on March 17 that negotiations regarding the potential acquisition of Ramesh Chauhan's Bisleri International had ceased

Chauhan told Business Standard that Angelo Dias, CEO at the company, is running the business and that he was no longer looking to sell a majority stake in the company

Jayanti has been involved in the company's business for several years and of late, she has been working on expanding Bisleri's Vedika brand

The company said no definitive agreement or binding commitment has been signed on this matter.

Stocks to Watch: Tata Consumer Products ceased negotiations with Bisleri for a potential acquisition. It said no definitive agreement or binding commitment has been signed on this matter

The companies could not agree on valuation, say sources

If this deal, estimated at Rs 6,000-7,000 cr goes through, it would become the largest in the Indian FMVG, surpassing HUL's April 2020 acquisition of Horlicks from GSK for Rs 3,045 cr

International margins fall sharply on cost inflation, price lag in December quarter

In a Q&A, Sunil D'Souza talks about the company's strategy to launch more D2C brands and his outlook on demand for the company

Maker of Tata Tea announces net profit of Rs 352 crore

Tata Consumer Products Ltd (TCPL) on Thursday reported a 25.63 per cent increase in consolidated net profit at Rs 364.43 crore for the December quarter. The company had posted a net profit of Rs 290.07 crore for the October-September period a year ago, TCPL, earlier known as Tata Global Beverages Ltd, said in a regulatory filing. Its revenue from operations was up 8.29 per cent to Rs 3,474.55 crore during the quarter under review as against Rs 3,208.38 crore in the corresponding period last year. Total expenses of the Tata group's FMCG arm were 10.13 per cent higher at Rs 3,119.73 crore over Rs 2,832.68 crore earlier. The company's "profit before tax at Rs 482 crore is 25 per cent higher as compared to the corresponding quarter of the previous year, reflecting a strong growth in the domestic business partly offset by lower profits in the international business due to inflationary pressures and weakness in the currency," the company said in its earning statement. TCPL Managing Dire

'Any additional revenue stream welcome,' says the company that has estates in several states

4% spread on offer; analysts bullish on long-term prospect of merged entity

Many small brands swallowed up in catch-up acquisition spree

FMCG firm Tata Consumer Products Ltd (TCPL) on Thursday said it has acquired 23.3 per cent additional shares of South Africa-based Joekels Tea Packers for Rs 43.65 crore through a step-down subsidiary. Tata Consumer Products Overseas Holdings Ltd (TCP Overseas) -- a step-down wholly-owned subsidiary of the company through Tata Consumer Products UK Group -- "has decided to purchase 23.3 per cent of the share capital of Joekels Tea Packers, Republic of South Africa from its Joint-Venture partners," said a regulatory filing. This is as per the terms of the share purchase agreement and the shareholders' agreement, finalised and executed, amongst TCP Overseas, Joekels and the JV Partners, it added. Over the cost of the acquisition of the stake, the Tata group FMCG arm said it is for a consideration value of Rs 43.65 crore plus the adjustment amount. As a result of the acquisition, the "holding of TCP Overseas in Joekels will increase from 51.7 per cent to 75 per cent" of the equity shar

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