Brokerage firms are expecting a strong recovery in Tata Motor's financials as supply-side issues are relaxing (for JLR) and commodity headwinds are easing (for PV and CV).
Sunil D'Souza tells Pavan Lall that the company, with market cap of Rs 51,000 crore, will use a bolt-on engine to reach 'deep rural' markets and sell its products on Tata Group's new 'Super App'
In May last year, Tata Group had decided to demerge the consumer business of Tata Chemicals and merge it with Tata Global Beverages.
The consolidated top line of Tata Consumer Products for FY20 stood at Rs 9,637 crore after the merger.
In May last year, Tata Group had decided to demerge consumer business of Tata Chemicals and merge it with Tata Consumer Products (formerly Tata Global Beverages)
"The company recorded steady revenue growth despite challenging macroeconomic conditions in India and some key international markets," Ajoy Misra, Managing Director and CEO, said.
In May last year, Tata Group had decided to demerge consumer business of Tata Chemicals and merge it with Tata Global Beverages.