Tata Consumer Products - Strong operational performance
- Largest tea brand in India by volume
- Largest brand in pulses
- 3rd largest tea brand in UK
- Largest tea brand in Canada
- All 3 categories In-the-kitchen, on-the-table and on-the-go are witnessing healthy demand
- Expect higher demand for staple products
- Pulses segment showing very positive growth momentum
- Declining commodity costs North India South India Tea, Kenya Arabica coffee decline
- Regular black tea continues to be largest category in overall global tea market
- Non Black Tea (Fruit & Herbal Specialty, Decaf, Cold Infusions) is witnessing strong growth in international market
- Increasing tea cafes in Indian urban centres is helping reinvent the tea culture
- Tea and coffee sales to retail customers increased due to covid
- B2B sales in USA and Australia suffered sharp decline due to covid
- Almost all tea packaging units, salt/pulses packing centres and 3P spices are now operational
- Novel channels of distribution, tying up with e-commerce platforms and delivery providers
- Vietnam plant operating at 80% capacity utilization within one year