Tata Consumer Products to widen its F&B portfolio

Tata Consumer Products, formerly known as Tata Global Beverages, has announced to acquire PepsiCo’s stake in NourishCo Beverages Limited.

NourishCo Beverages Limited is a joint venture in the ratio of 50:50 between Tata Consumer Products and PepsiCo.

This stake acquisition of Pepsico will further expand Tata’s Food & Beverages portfolio.

This JV was formed in 2010 under which NourishCo Beverages was dealing with the brands named Himalayan mineral water, Tata Gluco Plus and Tata Water Plus in its portfolio.

Tata Consumer Products has recently come up with its financial numbers for Q4FY20. Its consolidated revenue from operations for the year grew by 33 per cent to Rs 9,637 crore. Consolidated EBITDA for the year grew by 56 per cent to Rs 1,310 crore. The company has also declared dividend of Rs 2.70 per share for FY20.

After the successful merger of Consumer Products Business (CPB) of Tata Chemicals with Tata Global Beverages, the company was renamed as TATA Consumer Products Limited (TCPL) w.e.f from February 10, 2020. TCPL is now the owner of iconic brands like TATA Salt, TATA Tea, Tetley and Eight O’ Clock Coffee & Himalayan Water.