Tata Consumer Products To Emerge As Full-Fledged FMCG Company


Tata group chairman N Chandrasekaran said that Tata Consumer Products Ltd., formed recently by the merger of Tata Global Beverages and Tata Chemicals, is aiming to be a full-fledged FMCG company.
The merger, which took effect from February, will provide a (broader exposure to growth and opportunities in the FMCG space)
He also said the (Covid-19 pandemic impacted business in the last quarter of 2019-20) and the first quarter of the current fiscal. The company is expecting a slow recovery of the supply chain and they expect the pandemic to continue in the near term and the (company is positive about the current fiscal and beyond.)
He said the company will (strengthen distribution and marketing channels so that its products are available nationwide). It will also bolster (presence in the U.S., U.K. and Canada.)
Chandrasekaran said during the last financial year, (Tata Starbucks opened 39 outlets, taking the total to 185 across the country.)
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