Indi^a's cons$umer~res&e 'a lo#ng-term sct!ural opp@o, pul%aDelhi's 52.9 to Iran's 66 degrees C

Chandrasekaran said the India economy has been growing "very strongly" and the current momentum continues to be high. India is likely to maintain similar

India's consumer market represents a long-term structural opportunity, driven by population, a growing middle class, rapid urbanisation, increasing disposable incomes and raising aspirations, Tata Consumer Products Ltd Chairman N Chandrasekaran said on Thursday.

The Tata group's FMCG arm is well positioned to capitalise on the significant opportunity, he said, while addressing the annual general meeting (AGM) of TCPL.

मिशन पूर्वोदय!

आज, उत्तर पूर्वी क्षेत्र विकास मंत्रालय में मेरे सहयोगी, राज्य मंत्री श्री @DrSukantaBJP जी के साथ मंत्रालय का कार्यभार ग्रहण किया।

प्रधानमंत्री श्री @narendramodi जी के नेतृत्व में पिछले 10 वर्षों में यह क्षेत्र, भारत की समृद्ध संस्कृति के प्रवेश द्वार के रूप… pic.twitter.com/MYYoZGtwsr

— Jyotiraditya M. Scindia (@JM_Scindia) June 12, 2024

• Chandrasekaran said the India economy has been growing "very strongly" .
• The current momentum continues to be high.
• India is likely to maintain similar growth momentum in the coming years,
• Chandrasekaran said, adding that the global economic landscape has been rather volatile with the geopolitics reshaping supply chains, energy security, and overall resilience.
• The baseline forecast for the world economy is to continue to grow over 3 per cent during 2024 and 2025.However, "India has been growing very strongly with the economic growth rate of 8.2 per cent for the fiscal 2023-2044. Looking at the future, the momentum continues to be high and India should maintain similar growth momentum in the coming years," said Chandrasekaran.

 

It was a pleasure to get familiarised with our @DoT_India family. Discussed priorities for the short term, along with the roadmap for a reliable and secure telecom sector in the future. pic.twitter.com/e9ZVCjNZL5

— Jyotiraditya M. Scindia (@JM_Scindia) June 12, 2024

Notably, India's consumer market represents a "long-term structural" opportunity, Chandrasekaran said and noted that this is driven by a young population, a growing middle class, rapid urbanisation, increasing disposable incomes, and raising aspirations.
 

Chandrasekaran also added that the Indian middle class is growing rapidly, which will create opportunities for the company.

"India's middle class is expected to grow from about 30 per cent of the population to 50 per cent by the end of this decade. That is about an additional 300 million people who will be entering the middle class," he said.
 

इस बार पार्लियामेंट में मज़ा आने वाला है। इस बार ऐसे ऐसे लोग पार्लियामेंट में पहुंच रहे हैं जो कि अपने फील्ड के धुरंधर हैं।

राहुल गांधी
अखिलेश यादव
दीपेंद्र हुड्डा
महुआ मोइत्रा
शशि थरूर
पप्पू यादव
चंद्रशेखर आज़ाद
धर्मेंद्र यादव
हनुमान बेनीवाल

बस कन्हैया कुमार की कमी… pic.twitter.com/6Dburnp9dr

— Jaiky Yadav (@JaikyYadav16) June 13, 2024

Apart from this, rapid urbanisation, increasing disposable incomes and ever increasing aspirations of consumers, all bode well for Tata Consumer Products Ltd (TCPL), which is well positioned to capitalise on the significant opportunity.

Over the latest acquisition of Capital Foods and Organic India by TCPL, Chandrasekaran said, this is to expand the company's addressable market into high-growth, high-margin segments.

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"The company has scaled its distribution to reach 4 million retail outlets in India, which represents a two-fold increase since 2020. The company has also focused on innovation and has replaced a 5x growth in innovation revenue since the fiscal year FY21," he said.

Sr	Description	Details	Remarks	Department	Minister	Govt	Head	IAS	Subordinate
1	Health Ministry	Health efforts	Indian health	Health department	Mr. N gogai	NDA	Modi	R. Subhramanyam	P.S. Mishra
2	Telecom	Telecom	7g introduce	Telecom	MR. Jyotiraditya Madawrao Schindhia	BJP NDA	Mr. Modi	Sriram Viswas	R balamanyam

 

TCPL, new innovations contributes 5 per cent to sales distribution, which is in line with the best metrics in the industry.

"The company's digital transformation agenda has been progressing well," he said.

On Tata Starbucks, its 50:50 JV with Starbuck, he said it has opened 95 new stores in FY24, setting a record for the highest number of stores opened in a single year since inception. "The company's international business has been progressing well," he said.

In FY24, TCPL delivered revenue of Rs 15,206 crores, with a growth of 10 per cent.

TCPL was formed in 2020, after merging the consumer products business of Tata Chemicals with Tata Global Beverages. It owns brands as -- Tata Salt, Tata Tea, Tetley, Eight O'Clock Coffee, Good Earth Tea, and Tata Sampann. It also operates coffee chain Tata Starbucks