Latest news with #TataConsumerProducts
Business Upturn
2 days ago
- Business
- Business Upturn
Nifty 50 top losers today, May 29: Tata Consumer Products, HDFC Life, Bharat Electronics, Jio Financial Services and more
By Aman Shukla Published on May 29, 2025, 15:43 IST The Indian equity markets witnessed a decent rally on May 29, 2025, with benchmark indices ending the day in the green. The BSE Sensex jumped 320.70 points or 0.39%, closing at 81,633.02, while the Nifty 50 advanced 81.15 points or 0.33% to settle at 24,833.60. Despite the overall market rally, some prominent stocks from the Nifty 50 index ended the day in the red. Among the biggest losers of the day were well-known names like Tata Consumer Products, HDFC Life and Bharat Electronics. Let's take a closer look at the top losers of the Nifty 50, according to Trendlyne. Nifty 50 top losers on May 29 Tata Consumer Products declined by 1.4% to close at ₹1105.6. HDFC Life Insurance fell by 1.1%, ending the day at ₹780.9. Bharat Electronics dropped 0.9% to settle at ₹386.8. Jio Financial Services also slipped 0.9%, closing at ₹287.9. Bajaj Finance was down 0.6%, finishing at ₹9210.0. Shriram Finance registered a 0.5% loss and closed at ₹652.3. Bajaj Finserv decreased by 0.4%, ending at ₹2015.1. Asian Paints declined 0.4% to ₹2295.0. ITC dropped 0.4%, closing at ₹418.8. Apollo Hospitals Enterprise closed at ₹6935.0, down 0.3%. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
5 days ago
- Business
- Business Standard
India a bright spot for growth amid global volatility: N Chandrasekaran
N Chandrasekaran, chairman of Tata Consumer Products, has said in the company's annual report for FY25 that India remains one of the bright spots of economic growth amid a volatile global environment. He said India's long-term growth is underpinned by strong demographic and economic fundamentals and the ongoing structural reforms. 'India's near-term macro outlook remains strong with stable growth expectation in 2025, falling inflation, and ongoing monetary easing. India's direct exposure to the US is limited as its goods exports to the US are just over 2 per cent of its gross domestic product (GDP), one of the lowest among emerging markets,' he said in his address to the company's shareholders. He added that consumer trends like premiumisation, health & wellness, and convenience are gathering pace and quick commerce has seen exponential growth. But physical distribution remains extremely relevant at the same time. He also said in today's uncertain and complex global environment, companies need to stay agile and dynamic. 'The need for strong, resilient, and visible supply chains has never been more critical. Emerging technologies such as Gen AI, robotics, and blockchain are not just buzzwords but essential tools. The green energy transition globally is making notable progress, and this transition is driving substantial investment in technology, electric mobility, renewable power, hydrogen and sustainable fuel,' he added. Chandrasekaran said that companies must include these trends in their strategies and foster a culture of agility and continuous improvement. He added that 2025 started on a positive note with expectation of stable global growth, falling inflation and tailwinds from lower interest rates. 'However, this global macro narrative shifted with rising concerns around global growth and inflation as policy uncertainty rose sharply with dramatic shifts in trade policy. The latest global growth estimates have been revised down,' he added. While talking about the company, Chandrasekaran said, 'At Tata Consumer, we have adopted an omnichannel strategy to tap into this large and growing opportunity. 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.' He said that this presents an opportunity for cooking aids, packaged food, healthier & guilt-free snacking, and mini meal options. The company has added all of these to its portfolio in the last few years. 'The innovation capability we have built along with our portfolio transformation initiatives over the past few years position us well to leverage these emerging trends,' Chandrasekaran said. On the fast-moving consumer goods (FMCG) space, he believes that the landscape is evolving rapidly and it is critical for brands to be present where 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. We completed the implementation of a next-gen distributor management system to further enhance sales force productivity. Modern trade and e-commerce/quickcommerce continue to be strong growth drivers, and we have started building pharmacy and hotel, restaurant, and catering (HoReCa) channels,' he added.
Time of India
5 days ago
- Business
- Time of India
India gains as US tariffs rise: Local firms see export boom
Chief executives of leading homegrown companies including Dixon Technologies , Tata Consumer Products , Blue Star , Havells and Arvind , have told analysts that Indian businesses are at a competitive position in the US tariff scenario and most of them are now flooded with queries for higher business from their US partners. The chief executives said the India-US bilateral trade agreement (BTA) currently being discussed will provide an impetus to business. Dixon managing director Atul Lall told an earnings call last week that the company was expanding capacity for its anchor customer by 50% to meet its increased order book, a large part of it will be for exports to North America in the light of the evolving geopolitical scenario. He said production volume for a large US brand, through its partner Compal, will increase "with potential opportunities for exports." While Lall didn't specify any of the brands, analysts said its anchor customer is Motorola, which exports handsets to the US and the US-brand is Google's Pixel. ET had also reported last month that Google wants to export handsets from India. While US president Donald Trump has asked mobile phone companies like Apple and Samsung to produce locally in the US instead of sourcing from India and other places or face 25% tariff, experts have opined that despite the additional tariff, it will be cheaper for companies to produce in India and export. Leading apparel manufacturer Arvind vice chairman Punit Lalbhai said in the short-term some of its "strategic customers" have seen their cost structures go up, which the company has also absorbed a bit and could lead to a "little bit of margin pressure" in the first and second quarters. He, however, said the company was seeing a jump in volume orders from many of its US customers. Lalbhai said margins will soon normalise and the benefits will flow in the second half of the fiscal year with a robust demand scenario. "This year we should add significant garment volume growth over last year in the textile space. Many of our capacities that we've been investing in are now coming on margin headwinds, but very optimistic growth and demand outlook," he said. The optimism from top CEOs comes at a time when the US has already reduced tariffs on China from 145% to 30% as compared to India's 26%, which is currently on hold. The US has levied only 10% tariff on India and the 26% tariff could be enforced again from July. Another apparel company, Gokaldas Exports , said in its investor presentation that higher tariff on China and political uncertainties in Bangladesh contribute to the overall attractiveness of India as a sourcing destination despite short hiccups. FMCG major Tata Consumer Products CEO Sunil D'Souza said since products like coffee and tea, which it exports to the US, are not produced there and hence "from a competitive scenario, we'll be on even keel with everyone else" and not way off. Havells has just sent its first consignment of Made in India ACs to the US and the management said India will be a beneficiary of the US BTA. BlueStar and Amber Enterprises CEOs said they were receiving a huge number of export enquiries as companies prepared their supply chains for tariff disruptions. Titan Company 's CEO for international business, R Kuruvilla Markose, said the company is tracking competition on price increase in the US and expects the BTA will be signed quickly.
Time of India
5 days ago
- Business
- Time of India
Starbucks India losses surge 65% in FY25, sales grow 5%
Starbucks reported a 5% growth in sales to ₹1,277 crore, but losses widened 65% to ₹135.7 crore for its operations in India in FY25. The U.S.-headquartered coffee chain operates in India via a 50:50 joint venture with Tata Consumer Products under 'Tata Starbucks Pvt Ltd'. Of the total loss, ₹67.6 crore-about half-was borne by Tata Consumer Products , according to its latest annual report. "The year witnessed demand softness in the overall QSR (Quick Service Restaurant) space, consequently the sales growth was subdued. However, demand has started to rebound in the second half of the year. Profitability remained muted due to demand softness in the overall QSR space," it said in the report. In FY24, the company had posted a loss of ₹82 crore on revenue of ₹1,218 crore. In FY25, 58 new Starbucks outlets were launched-lower than the 95 opened the year prior. The company also expanded into 19 new cities, including tier-2 markets. Starbucks now operates 479 stores across 80 Indian cities. "We remain committed to increasing our store base in India and get to 1,000 outlets by FY28, despite a more moderate number of store openings in the short term," it said. Tata Consumer Products chairman N Chandrasekaran told shareholders that 2025 began on a positive note, with hopes of stable global growth, easing inflation, and lower interest rates. However, the global outlook shifted due to renewed concerns over growth and inflation amid rising policy uncertainty and major shifts in trade policy. "Amidst a volatile global economic environment, India remains one of the bright spots of economic growth. 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 expectation in 2025, falling inflation, and ongoing monetary easing. India's direct exposure to the US is limited as its goods exports to the US are just over 2% of its GDP, one of lowest among emerging markets," he said. The past two years also saw a surge of domestic and international coffee brands entering India with aggressive expansion plans. For instance, Tim Hortons, a Canadian coffee chain, which opened its first outlet in India in 2022, plans to have over 100 stores in the next three years. British coffee and sandwich chain Pret A Manger too launched its first shop in Mumbai as part of a franchise agreement with Reliance Brands to open up to 100 stores over the next five years. Third Wave and Blue Tokai are already running more than 250 stores combined. Consumers of global coffee chains such as Starbucks are also attuned to a takeaway culture which helps cafes add margins at very little cost. "Starbucks' revenue per square foot is about 35% lower compared to metros. Also, city stores seem to be cannibalising heavily after it opened stores at a record pace in cities such as Mumbai and Delhi. So store profitability is a huge challenge in a situation where they have a few locations which do exceedingly well in terms of business and profits, while others completely drag the bottom line with lower sales, both in absolute terms and revenue per square feet," said a senior official in a leading quick service restaurant chain.
Time of India
6 days ago
- Business
- Time of India
India gains as US tariffs rise: Local firms see export boom
Chief executives of leading homegrown companies including Dixon Technologies , Tata Consumer Products , Blue Star , Havells and Arvind , have told analysts that Indian businesses are at a competitive position in the US tariff scenario and most of them are now flooded with queries for higher business from their US partners. The chief executives said the India-US bilateral trade agreement (BTA) currently being discussed will provide an impetus to business. Dixon managing director Atul Lall told an earnings call last week that the company was expanding capacity for its anchor customer by 50% to meet its increased order book, a large part of it will be for exports to North America in the light of the evolving geopolitical scenario. He said production volume for a large US brand, through its partner Compal, will increase "with potential opportunities for exports." While Lall didn't specify any of the brands, analysts said its anchor customer is Motorola, which exports handsets to the US and the US-brand is Google's Pixel. ET had also reported last month that Google wants to export handsets from India. While US president Donald Trump has asked mobile phone companies like Apple and Samsung to produce locally in the US instead of sourcing from India and other places or face 25% tariff, experts have opined that despite the additional tariff, it will be cheaper for companies to produce in India and export. Leading apparel manufacturer Arvind vice chairman Punit Lalbhai said in the short-term some of its "strategic customers" have seen their cost structures go up, which the company has also absorbed a bit and could lead to a "little bit of margin pressure" in the first and second quarters. He, however, said the company was seeing a jump in volume orders from many of its US customers. Lalbhai said margins will soon normalise and the benefits will flow in the second half of the fiscal year with a robust demand scenario. "This year we should add significant garment volume growth over last year in the textile space. Many of our capacities that we've been investing in are now coming on margin headwinds, but very optimistic growth and demand outlook," he said. The optimism from top CEOs comes at a time when the US has already reduced tariffs on China from 145% to 30% as compared to India's 26%, which is currently on hold. The US has levied only 10% tariff on India and the 26% tariff could be enforced again from July. Another apparel company, Gokaldas Exports , said in its investor presentation that higher tariff on China and political uncertainties in Bangladesh contribute to the overall attractiveness of India as a sourcing destination despite short hiccups. FMCG major Tata Consumer Products CEO Sunil D'Souza said since products like coffee and tea, which it exports to the US, are not produced there and hence "from a competitive scenario, we'll be on even keel with everyone else" and not way off. Havells has just sent its first consignment of Made in India ACs to the US and the management said India will be a beneficiary of the US BTA. BlueStar and Amber Enterprises CEOs said they were receiving a huge number of export enquiries as companies prepared their supply chains for tariff disruptions. Titan Company 's CEO for international business, R Kuruvilla Markose, said the company is tracking competition on price increase in the US and expects the BTA will be signed quickly.
