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Tata Consumer Products Performance

Days Range

Low: ₹1,155.20
High: ₹1,165.60
Previous Close ₹1,159.50
Open ₹1,158.00
Volume 11,10,654
Day’s Range ₹1,155.20 - ₹1,165.60
52W Range ₹686.60 - ₹1,190.95
Market Cap ₹1,10,428 Cr

Fundamentals of Tata Consumer Products

ROCE (TTM) 11.3%
P/E Ratio (TTM) 91.83
P/B Ratio 6.84
Industry P/E 65.63
Debt to Equity 0.09
ROE 7.89%
EPS (TTM) 13.49
Dividend Yield 0.71%
Book Value 169
Face Value 1

Financials of Tata Consumer Products

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales3,618.733,741.213,733.783,803.92
Expenses3,189.923,278.133,290.623,317.05
Profit before tax450.08489.44490.88421.74
Operating Profit345.58358.57359.18315.53
Net Profit345.58358.57359.18315.53
EPS in Rs2.943.463.793.87

About Tata Consumer Products

History

Tata Consumer Products Limited (formerly Tata Global Beverages Limited), or TCPL, was founded in 1962 as a joint venture between the Tata Group and James Finlay & Co. Ltd., a UK-based tea company. The company was initially known as Tata Finlay Ltd. and focused on developing value-added tea products. In 1976, Tata Finlay acquired the production and marketing operations of James Finlay in India. In 1983, James Finlay sold its stake in the company, and Tata Tea was born.

Over the next few decades, Tata Tea expanded its operations both domestically and internationally. In 1987, the company established a wholly-owned subsidiary in the United States, Tata Tea Inc. In 1991, Tata Tea acquired a majority stake in Consolidated Coffee Ltd., which was later renamed Tata Coffee Ltd. In 1993, Tata Tea formed a joint venture with Allied Lyons Plc to establish Tata Tetley Ltd.

In 2010, Tata Tea changed its name to Tata Global Beverages Ltd. to reflect its expanded product portfolio and global reach. In 2012, Tata Global Beverages entered into a joint venture with the Starbucks Group to establish Tata Starbucks Ltd., which operates Starbucks cafes in India. In 2013, Tata Global Beverages signed an agreement with Tata Realty to develop a property. In 2020, Tata Global Beverages merged with the consumer products business of Tata Chemicals to form Tata Consumer Products Limited.

Business Segments

Tata Consumer Products Ltd. (formerly Tata Global Beverages Ltd.) is a leading global beverage company with a strong portfolio of brands, including Tata Tea, Tetley, Eight O’Clock Coffee, and Himalayan. Over 60% of the company’s revenue comes from markets outside India, and more than 90% of its turnover is from branded products.

Tata Consumer Products has joint ventures with Starbucks and PepsiCo to operate Starbucks cafes in India and produce non-carbonated ready-to-drink beverages that focus on health and enhanced wellness. 

The company also has a presence in the high-growth contemporary ‘single-serve’ business through an agreement with Green Mountain Coffee Roasters’ Keurig single-serve machines for Eight O’Clock Coffee, MAP Coffee, and Tassimo in Canada for Tetley tea. 

Its other brands include Tata Water Plus, which is India’s first nutrient water; Tata Gluco Plus – a healthy, glucose-based flavoured drink; and NourishCo – marketing and distribution of Himalayan water.

Tata Consumer Products’ tea extraction business is a major supplier of instant black and green tea to the ready-to-drink industry. Its subsidiary, Tata Coffee, is one of the largest integrated plantation companies in the world and a leading exporter of instant coffee.

In terms of product lines, Tata Consumer Products has the following categories:

  • India Beverages – Brands such as Tata Tea, Tata Gluco+, Himalayan, and Tata Coffee Grand. They are the largest source of revenue.
  • India Foods – Brands such as Tata Salt, Tata sampann, Tata Soulfull, Tata sampann yumside.
  • US Coffee – Brands such as Eight O’clock.
  • International Tea – Brands such as Tetley, teapigs, Good Earth.

Tata Consumer also owns multiple subsidiaries such as NourishCo Beverages Ltd., Tata Coffee Ltd., Tata Tea Extractions Inc., Tata Consumer Soulfull Pvt. Ltd., etc

Key Personnel

Mr. N. Chandrasekaran, Chairman 

Mr. Chandrasekaran is the Chairman of Tata Sons, which is the holding company and promoter of all the Tata Group companies. He has already had a 30-year business career at TCS, which he joined after his higher studies at NIT, Tiruchirappalli in Tamil Nadu. Over the years, Mr. Chandrasekaran worked his way through the ranks at TCS to eventually become the CEO and Managing Director of the leading global IT solution and consulting firm.

Mr. Sunil D’Souza, CEO and MD 

Mr. D’Souza has been serving as the CEO and MD of Tata Consumer Products since April 2020. He has earlier held the position of Managing Director at Whirlpool India Ltd. for over four years. Before that, he had worked with PepsiCo for almost 15 years, where he expanded the business into a large cluster of Asian countries. He has nearly 30 years of extensive experience in the consumer products sector. Mr. Sunil studied engineering at the University of Madras and is also an alumnus of the Indian Institute of Management, Calcutta (IIM-C).

Corporate Actions

Stock Split

The company has split its stock once, from a fair value of 10 to 1 in 2010.

Mergers and Acquisitions

  • In March 2022, the plantation business of Tata Coffee Ltd (TCL) was demerged into TCPL’s wholly-owned arm, TCPL Beverages & Foods Ltd (TBFL). The remaining business of TCL, consisting of its extraction and branded coffee business, was merged with TCPL.
  • In 2021, TCPL acquired Kottaram Agro, a producer of breakfast cereals. 
  • In November 2020, they bought Tata SmartFoodz from Tata Industries, helping expand into the growing ready-to-eat foods category.
  • In 2020, the consumer products business was demerged from Tata Chemicals and then merged into Tata Global Beverages. The final entity became Tata Consumer Products Ltd.

Financial Highlights

  • In the period between March 2016 and March 2023, the company has nearly doubled its sales revenue, from ₹6,637 crore to ₹13,783 crore.
  • In the same period, the company’s net profit has nearly tripled, from 455 to 1,320.
  • The company’s net cash flow has not been stable, with many years seeing overall negative cash flow. While cash from operating activities is always positive, cash from financing activities is often negative.
  • The company has massively reduced its cash conversion cycle, from 128 in March 2016 to just 40 in the year ending in March 2023.
Parent Organisation Tata
Founded 1962
Managing Director N Chandrasekaran
NSE Symbol TATACONSUM

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FAQs

What is the Share price of Tata Consumer Products (TATACONSUM)?

Tata Consumer Products (TATACONSUM) share price as of February 23, 2024, on NSE is Rs 1,161.70 (NSE) and Rs 1,157.05 (BSE) on BSE.

Can I buy Tata Consumer Products (TATACONSUM) shares?

Yes, You can buy Tata Consumer Products (TATACONSUM) shares by opening a Demat account with Angel One.

How do I buy Tata Consumer Products (TATACONSUM) from Angel One?

Tata Consumer Products (TATACONSUM) share can be brought through the following modes:
  1. Direct investment: You can buy Tata Consumer Products (TATACONSUM) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Tata Consumer Products (TATACONSUM) shares.

What is the total Asset of Tata Consumer?

The total asset of Tata Consumer is Rs. 21,075 Crores.

What is the main business of Tata Consumer?

The main business of Tata Consumer is to produce consumer-focused products, consolidating the food and beverage interests of the Tata group. Tata Consumer’s product portfolio consists of tea, coffee, water, salt, pulses, spices, and other ready-to-eat and drink products.

Who are the promoters of Tata Consumer?

The promoters of Tata Consumer are Tata Sons Private Limited, Tata Investment Corporation Limited, Ewart Investments Limited, Tata Industries Limited, Voltas Limited, Tata Motors Finance Limited, and Titan Company Limited.

What are the Brands that comes under Tata Consumer?

The brand that comes under Tata Consumer includes Tata Tea, Vitax, Tetley, Eight O’Clock Coffee, Himalayan Natural Mineral Water, Good Earth Tea, Tata Sampann, and Tata Coffee Grand.