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Restructuring will make business efficient in the long term: Tata Consumer Products MD

In March, TCPL had announced the reorganisation of its business, which involves the merger of Tata Coffee’s plantation business into Tata Consumer Products Foods and Beverages (a wholly owned subsidiary of TCPL) and the remaining extraction and branded coffee business into TCPL itself.

August 11, 2022 / 08:58 PM IST
 
 
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The reorganisation of Tata Consumer Products Limited (TCPL) might entail costs in the short term but will help in creating an efficient and effective business in the long run, the company’s MD and CEO Sunil D’Souza indicated while addressing a post-earnings investor call on August 11.

“In the past year, restructuring costs have risen because we had cut down layers in our teams. We acquired some of the businesses and rejigged the teams to make sure we are deriving synergies. So, while long term you will derive synergies, there'll be some short-term restructuring costs to make sure the business is right-sized,” he said.

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The company is still undergoing restructuring which would lead to further costs in the future, said the MD.