Business News›Industry›Cons. Products›As Tata, Ambani, Adani buy grocery & FMCG brands, kiranas & consumers stand to gain
As Tata, Ambani, Adani buy grocery & FMCG brands, kiranas & consumers stand to gain
Synopsis
Several FMCG companies have been on an acquisition spree of late, including the likes of Tata Consumer Products, Reliance Retail and Adani Wilmar. While some argue that these acquisitions would lead to more consolidations and leave the mom-&-pop stores in the lurch, experts say that it would spur competition and the kirana stores will benefit as a result.
“We’ve got an enormous runway in front of us in India. Now the game is how fast can we scale?”This is what Tata Consumer Products’ Chief Executive Officer Sunil D’Souza told Bloomberg in a recent interview. The FMCG company has been on an acquisition spree since its incorporation two years ago. D’Souza said that a ‘significant amount’ of its future growth will come from inorganic expansion. The company is in talks to buy up to five brands in the
- FONT SIZEAbcSmallAbcMediumAbcLarge
ET
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Get Unlimited Access to The Economic Times
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Clean experience with
Minimal AdsComment & Engage with ET Prime community Exclusive invites to Virtual Events with Industry Leaders A trusted team of Journalists & Analysts who can best filter signal from noise Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-
