Latest news with #TCPL
Time of India
27-05-2025
- Business
- Time of India
India remains bright spot of economic growth amidst volatile global environment: N Chandrasekaran
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India remains "one of the bright spots of economic growth" amidst a volatile global economic environment, said Tata Consumer Products Ltd (TCPL) Chairman N Chandrasekaran in the company's annual report. Chandrasekaran, who is also the chairman of Tata Sons and Tata Group, said the group would have a lesser impact from the new US tariff regime under the Trump administration."India's direct exposure to the US is limited as its goods exports to the US are just over 2 per cent of its GDP, one of the lowest among emerging markets," he said while addressing the shareholders of Tata Group FMCG arm stated that India's long-term growth is underpinned by strong demographic and economic fundamentals and ongoing structural reforms."India's near-term macro-outlook remains strong with stable growth expectations in 2025, falling inflation, and ongoing monetary easing," he the consumer trends, Chandrasekaran said premiumisation, health & wellness, and convenience are gathering pace in the FMCG industry. Quick commerce has seen exponential growth, yet physical distribution remains extremely relevant at the same time," he said adding to tap these opportunities, TCPL has adopted an omnichannel also highlighted that Gen Z and Millennials are expected to contribute to an increasing share of consumption, by some estimates, 76 per cent of the total consumption by 2030."This presents an opportunity for cooking aids, packaged food, healthier & guilt-free snacking, and mini-meal options, all of which we have added to our portfolio in the last few years. The innovation capability we have built along with our portfolio transformation initiatives over the past few years positions us well to leverage these emerging trends," he which has brands like Tata Salt, Tetly, Sampann, Soulfull, Tata Coffee, and Eight O'clock, has an "overarching ambition" to evolve into a full-fledged fast-moving consumer goods (FMCG) company, he said."With the FMCG landscape evolving rapidly, it is critical for brands to be present everywhere the consumer is. In India, we continued to make strong progress in our sales and distribution expansion, with a total reach of 4.4 million retail outlets," said company has completed the implementation of a next-gen Distributor Management System to further enhance salesforce productivity."Modern trade and E-commerce/Quickcommerce continue to be strong growth drivers, and we have started building pharmacy and HoReCa channels," he said.
India.com
27-05-2025
- Business
- India.com
Bad news for Noel Tata, this company losses widen to Rs 1350000000, still plans to open 1000…
Tata Starbucks reported a widened net loss of Rs 135.7 crore in FY25, despite a 5% increase in revenue to Rs 1,277 crore, as per the latest annual report from Tata Consumer Products Ltd (TCPL). The quick-service restaurant (QSR) chain, a 50:50 joint venture between TCPL and US-based Starbucks Corporation, had posted a net loss of Rs 82.16 crore in FY24. TCPL, which aims to have a network of 1,000 cafes by the end of FY28, is experiencing revenue growth, helped by the expansion of a number of stores. Starbucks has opened 58 net new stores and entered 19 new cities in FY25, taking the count to 479 stores across 80 cities. 'The revenue from operations stood at Rs 1,277 crore, improved by 5 per cent…driven by a higher number of stores,' TCPL, the FMCG arm of Tata Group, said adding that it has now become the largest organised cafe operator in India based on store count. The year witnessed demand softness in the overall QSR (Quick Service Restaurant) space. Consequently, the sales growth was subdued, and profitability remained muted. 'Tata Starbucks is the largest organised cafe operator in India based on store count, though the industry is significantly under-penetrated in comparison to similar per capita income GDP countries,' it said. Despite a more moderate number of store openings in the short term, the JV 'remains committed to increasing our store base in India and get to 1,000 outlets by FY28,' it added. In FY25, TCPL has invested Rs 125 crore in Tata Starbucks. Besides, it also expects growth from its vending business 'Tata MyBistro', a new entrant in the segment offering a variety of coffee, tea and other drinks mainly to institutional customers. (With Inputs From PTI)
Time of India
27-05-2025
- Business
- Time of India
Tata Consumer acquisitions report double-digit revenue growth in FY'25
HighlightsTata Consumer Products Limited reported that the acquired brands Capital Foods and Organic India achieved combined sales of Rs 1,173 crore for the financial year 2024-25. Capital Foods, known for the popular Ching's Secret brand, generated a revenue of Rs 799 crore and a profit of Rs 119 crore, while Organic India reported a revenue of Rs 374 crore with a loss of Rs 1.93 crore. Following the integration of Capital Foods and Organic India, Tata Consumer Products Limited has streamlined operations and explored new market opportunities, particularly in the organic products sector with a focus on wellness portfolio expansion. Capital Food and Organic India brands, which were acquired by Tata Consumer Products Ltd (TCPL) a year ago, have reported a double-digit revenue growth in FY2024-25, according to the latest annual report of the company. "Both the brands "achieved combined sales of Rs 1,173 crore, with Capital Foods revenue at Rs 799 crore and Organic India revenue at Rs 374 crore," the Tata group's FMCG arm said in its report. Both delivered strong gross margins, supported by synergies that also drove EBITDA margin expansion year-on-year, it added. TCPL in January 2024 acquired Capital Foods, which owns popular Ching's Secret brand, and Fab India-backed Organic India for a combined enterprise value of Rs 7,000 crore. Capital Foods reported a profit of Rs 119 crore, while Organic India had a loss of Rs 1.93 crore for the financial year which ended on March 31, 2025. Capital Food's revenue for the financial year ended March 31, 2023, was Rs 705.5 crore and Organic India's revenue was Rs 324.4 crore. TCPL said the recent acquisition of Capital Foods and Organic India has further boosted its product portfolio. It has integrated logistics and warehousing for Capital Foods and Organic India to streamline operations and reduce costs. "With the integration complete and businesses stabilised during the year, we were able to capitalise on the synergy benefits and scale the businesses," it said. Capital Foods continues to build growth momentum with targeted innovation, market innovation, expansion into white spaces and strategic brand collaboration. Its operating margin witnessed growth despite higher investment behind brands including collaboration with PepsiCo India's Kurkure to create a breakthrough limited edition snack that combined its signature Schezwan flavours with Kurkure's iconic texture, this was combined with a high energy media and other marketing campaigns. While for Organic India, TCPL is exploring alternate channels also. "With growing consumer demand for organic products, Organic India can leverage this opportunity, through wellness portfolio expansion and strengthening the brand equity and consumer connect. We are strategically building future ready channels like Pharma and Food Services to drive long term growth," it said.
&w=3840&q=100)
Business Standard
26-05-2025
- Business
- Business Standard
Tata Starbucks FY25 losses widen to Rs 135.7 cr; revenue rises 5%
Tata Starbucks' loss has widened to Rs 135.7 crore in FY25, but its revenue increased by 5 per cent to Rs 1,277 crore, according to the latest annual report of Tata Consumer Products Ltd (TCPL). Tata Starbucks, which operates the QSR chain of Starbucks cafes in a 50:50 JV with TCPL and US-based Starbucks Corporation, had reported a net loss of Rs 82.16 crore in FY24. TCPL, which aims to have a network of 1,000 cafes by the end of FY28, is experiencing revenue growth, helped by the expansion of a number of stores. Starbucks has opened 58 net new stores and entered 19 new cities in FY25, taking the count to 479 stores across 80 cities. "The revenue from operations stood at Rs 1,277 crore, improved by 5 per by a higher number of stores," TCPL, the FMCG arm of Tata Group, said adding that it has now become the largest organised cafe operator in India based on store count. The year witnessed demand softness in the overall QSR (Quick Service Restaurant) space. Consequently, the sales growth was subdued, and profitability remained muted. Starbucks continue to focus on long-term business opportunities in India, it said. "Tata Starbucks is the largest organised cafe operator in India based on store count, though the industry is significantly under-penetrated in comparison to similar per capita income GDP countries," it said. Despite a more moderate number of store openings in the short term, the JV "remains committed to increasing our store base in India and get to 1,000 outlets by FY28," it added. In FY25, TCPL has invested Rs 125 crore in Tata Starbucks. Besides, it also expects growth from its vending business 'Tata MyBistro', a new entrant in the segment offering a variety of coffee, tea and other drinks mainly to institutional customers. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Mint
26-05-2025
- Business
- Mint
Tata Starbucks FY25 losses widen to ₹135.7 cr; revenue rises 5 pc to ₹1,277 cr
New Delhi, May 26 (PTI) Tata Starbucks' loss has widened to ₹ 135.7 crore in FY25, but its revenue increased by 5 per cent to ₹ 1,277 crore, according to the latest annual report of Tata Consumer Products Ltd (TCPL). Tata Starbucks, which operates the QSR chain of Starbucks cafes in a 50:50 JV with TCPL and US-based Starbucks Corporation, had reported a net loss of ₹ 82.16 crore in FY24. TCPL, which aims to have a network of 1,000 cafes by the end of FY28, is experiencing revenue growth, helped by the expansion of a number of stores. Starbucks has opened 58 net new stores and entered 19 new cities in FY25, taking the count to 479 stores across 80 cities. "The revenue from operations stood at ₹ 1,277 crore, improved by 5 per by a higher number of stores," TCPL, the FMCG arm of Tata Group, said adding that it has now become the largest organised cafe operator in India based on store count. The year witnessed demand softness in the overall QSR (Quick Service Restaurant) space. Consequently, the sales growth was subdued, and profitability remained muted. Starbucks continue to focus on long-term business opportunities in India, it said. "Tata Starbucks is the largest organised cafe operator in India based on store count, though the industry is significantly under-penetrated in comparison to similar per capita income GDP countries," it said. Despite a more moderate number of store openings in the short term, the JV "remains committed to increasing our store base in India and get to 1,000 outlets by FY28," it added. In FY25, TCPL has invested ₹ 125 crore in Tata Starbucks.
