#TATACONSUM in the News 🆙
🌟 News about Tata Consumer Products:
Share price of Tata Consumer rose by over 2% this morning as the company is in the news as it looks to buy a percentage stake in Bottled Water brand Bisleri (Bisleri is a private unlisted company).
The company believes that its bottled water portfolio will scale up a lot with this deal. Tata consumers already have Himalayan and Tata Copper Plus in their product portfolio.
🌟 How would this deal benefit Tata Consumer?
➡️ Additional market share, a new product in the portfolio.
➡️ Increased profitability as Bisleri is a low-end segment when compared to premium Tata copper and Himalayan.
➡️ Can Utilize Bisleri’s Distribution network (~4500 distributors and 5000 distribution trucks)
➡️ Bisleri is available at a fair valuation making it a go-to.
