Foods business likely to be the engine of growth in the medium to long term
Foods and out-of-home business likely to be the engines of growth, with expanded portfolio and higher distribution reach
Tata Consumer Products is rapidly expanding its subsidiary NourishCo’s product portfolio. The company earlier this year launched honey and preserve products under its premium packaged water brand Himalayan.
Foods business likely to be the next engine of growth for TCPL
Key challenges for the company remains in terms competitive intensity in the mass market. Having said that price hike taken by the company for three key domestic tea brands provides some solace.
Rajen Shah, CIO of Angel Broking joins CNBC-TV18 to make his multi-bagger stock picks. Tata Global and East India Hotels exhibit great potential for a run-up, he says.
Shares of Tata Global Beverages extended Tuesday’s losses and slid over 4% Wednesday as the weak results for 2010-11 (April-March) disappointed investors. The unexpected departure of chief executive officer Peter Unsworth also surprised the market.