Tata Consumer Products Limited drives growth in tea, coffee and salt sectors

Leading FMCG company Tata Consumer Products Limited (TCPL) is increasing investments in its brands to strengthen core businesses such as tea, coffee and salt, according to its annual report for the year 2023-24.

TCPL’s strategy includes increasing the share of modern trade to 14% of total sales, along with sustained brand building efforts. The company launched several key products and emphasized innovation as a strategic pillar for future growth. TCPL successfully expanded its presence in major international markets including the UK, US and Canada.

Reporting solid financials, TCPL clocked over Rs 15,000 crore in revenue in the last fiscal and made strategic acquisitions like Capital Foods and Organic India. The tea business in India has registered a 9% CAGR in the last four years, while coffee and packaged foods have grown at 29% and 31%, respectively. Salt has registered a 17% CAGR during the same period.

(Disclaimer: Based on information obtained from the agency.)