TATA GLUCO
Tata Consumer plans Rs 3500 crore rights issue
The company, which announced the deals late last week, can move beyond commodities into fast-growing, high-margin, value-added food segments with the strength of its new portfolio, MD and CEO Sunil D'Souza told ET.
Tata Consumer set to acquire Capital Foods, Organic India
TCPL will be buying 75% of Capital Foods from existing investors Invus Group, a European family office and investment arm, with a 40% stake; US private equity group General Atlantic that owns 35% valuing the company at Rs 5100 crore. That would peg the stake value at Rs 3,825 crore. Founder chairman of Capital Foods and a former advertising boss turned food entrepreneur Ajay Gupta will retain his 25% stake for now but Tatas will buy him out too in future helping him unlock further value.
Tata Consumer to merge 3 wholly-owned subsidiaries - NourishCo, SmartFoodz and Soulfull
Tata Consumer Products Ltd has announced its intention to merge three of its wholly-owned subsidiaries: NourishCo Beverages, Tata SmartFoodz, and Tata Consumer Soulfull. The primary goal of this merger is to enhance the effective utilization of resources and reduce compliance requirements.
Tata Consumer leads race for maker of Ching's Secret, values co at Rs 5,500 cr
Will buy around 70% in first tranche; existing shareholders finalising rollover plans. Nestle, Kraft Heinz were the other contenders in fray. The potential buyout will pit Tata co against Nestle’s Maggi, which leads the Rs 5,000 crore branded instant noodles market.
Tata NourishCo forays into premium spices with saffron, says competition from local brands can be met with 'differentiated' products
Local FMCG brands may have grown faster than national brands in the last one year, but any competition can be met with “differentiated products”, said Vikram Grover, managing director of NourishCo Beverages, subsidiary of Tata Consumer Products, in an interview.
We will focus on expanding our footprint and innovation in ready to drink biz: Sunil D'Souza, Tata Consumer Products
So, apart from aggressive store opening we will also have these four parameters play out in a significant number of stores and we do expect again a very high double digit for Starbucks as well.
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Tatas' strategic shift: Focus on own mineral water brands after calling off Bisleri acquisition plan
The company's portfolio of products includes tea, coffee, water, RTD beverages, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks and mini meals. Its beverage brands include Tata Tea, Tetley, Eight O'Clock Coffee, Tata Coffee Grand, Himalayan Natural Mineral Water, Tata Copper+, Tata Fruski, and Tata Gluco+. Its foods portfolio includes Tata Salt, Tata Sampann, Tata Soulfull, and Tata Q.
Jayanti Chauhan to steer Bisleri now, as Tata Consumer no longer pursuing buyout
Jayanti Chauhan is vice chairperson at the company promoted and built by her father. She will work with the professional management team headed by chief executive Angelo George, said people with knowledge of the matter.
No plans to sell Bisleri now, says Ramesh Chauhan
Earlier in November last year, Chauhan had said he was in discussions with several players, including TCPL, to sell out his Bisleri business.
Two years on, Tata talks to buy Bisleri dead in the water
"The company wishes to update that it has now ceased negotiations with Bisleri with regard to a potential transaction and to confirm that the company has not entered into any definitive agreement or binding commitment on this matter," TCPL said in a stock exchange filing on Friday.
Tata Consumer Products to acquire packaged water giant Bisleri for about ₹7,000 crore
Tata Bisleri deal: Chauhan doesn't see any point in holding minority stakes after selling the business. "What will I do with it when I am not running the show?" he says.
Tata Consumer appoints David Atkinson to head its UK, Ireland business
David Atkinson will be based in London and report to the President of International Business, Gharry Eccles, TCP said, adding that the announcement is in line with its commitment to strengthening business in key international markets.
Tata Group in talks with Bisleri to acquire a stake in the packaged water company
The Tata Group houses its consumer business under Tata Consumer Products Ltd (TCPL) which also sells packaged mineral water under the brand Himalayan and with brands as Tata Copper Plus Water and Tata Gluco+ in the hydration segment.
Will Tata Consumer's strategy to tap Indian market pay off?
Since the formation of TCPL, the company’s geographic sales mix has been changing with the Indian business seeing an increase in share when compared with the international business.
TCPL going for consolidation, simplification; to bring down no of entities to 23
Last week, TCPL had announced the merger of all businesses of Tata Coffee Ltd (TCL) with itself as part of a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies. While the plantation business of TCL will be 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, will be merged with TCPL.
Tata Consumer Products to merge Tata Coffee business with itself
Under the scheme, shareholders of TCL (other than TCPL) will receive an aggregate of 3 equity shares of TCPL for every 10 equity shares held by them in TCL.
Tata Consumer Products launches Himalayan Water in British market
Himalayan Water in the UK is carbon negative and water positive and uses fully recyclable packaging, said TCPL adding its bottling facility in the Shivalik Range in the Himalayan mountains uses 100 per cent renewable energy.
Deepika Bhan joins Tata Consumer Products as president, packaged foods
TCP’s portfolio of products includes tea, coffee, water, salt, pulses, spices, ready-to-cook offerings, breakfast cereals, snacks and mini meals. The company has an annual turnover of about Rs. 10,000 crore with operations in India and international markets.
Puneet Das elevated as the new president of Tata’s packaged beverages for India and South Asia
Prior to this promotion, Puneet Das was senior vice president - marketing for the India beverages business. Das has been with TCP since 2017 and handled Tata Tea brand, the world’s second largest tea company. He also formulated the marketing strategy for Tata Coffee Grand.
Tata Consumer's Nifty inclusion a recognition of Tata group's investment thesis & execution: Sunil D'Souza
See value in both core portfolio and inorganic opportunities, says Tata Consumer MD & CEO
Tata terminates joint venture with PepsiCo
Tata said it is terminating the eight-year old JV and make the firm a wholly-owned subsidiary as well as transfer rights over the ready to drink brand Gluco Plus from PepsiCo. NourishCo also has Himalayan mineral water and Tata Water Plus in its portfolio.
Tata to buy out PepsiCo's stake in JV NourishCo Beverages
The size of the deal was not disclosed by the company.
Tata-PepsiCo joint venture to be revised
In May last year, Tata Group had announced the consolidation of all its consumer products business with all branded food businesses of Tata Chemicals that included packaged spices, pulses and salt being merged into Tata Global Beverages in an all-stock deal.
Tata Global Beverages Q1 profit rises 10% to Rs 142 crore
The company's total income rose to Rs 1,927.66 crore during the June 2019 quarter.
Tata-backed startup Goqii to launch two smart health devices
The wearable devices-maker Goqii, also funded by Paytm founder Vijay Shekhar Sharma said it had raised over USD 30 million recently
Tata Coffee and seasonality factor pulled Tata Global Beverages earnings down in Q4: Ajoy Misra
“We have invested in setting up a plant to increase our capacity for producing instant coffee.”
We are on an aggressive growth path: Ajoy Misra, Tata Global Beverages
"For tea plantations, the prices have been marginally better. However, the coffee plantation and coffee extraction business have been soft in the first quarter."
Tata Global Beverages to rationalise business, cut loss-making ones out
The company has put all its loss making businesses under strict review, and will sell the ones it thinks can’t be turned around quickly.
Slowdown offers the biggest opportunity for growth: Sanjeev Chadha, PepsiCo
In emerging markets, we should be growing three times the GDP - that's my thumb rule. In India, we are very much doing that, says Sanjeev Chadha.
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