New Delhi: Tata Consumer Products Ltd (TCPL) has completed the integration of its India food and beverages business and is now well-positioned for accelerated growth by putting in place the right building blocks for the future, its Chairman N Chandrasekaran said. The Tata group firm has enhanced its product portfolio through "targeted acquisitions" as it aspires to be a formidable player in the FMCG category, said Chandrasekaran, who is also the chairman of Tata Sons.
Besides, it has stepped up the pace of innovation across markets in line with consumer trends such as health and wellness and convenience, he said in his message to shareholders in the latest annual report of TCPL. "In line with our ambition to become a formidable player in the FMCG industry, Tata Consumer embarked on transformation journey and we made significant progress despite the pandemic.
"As a first step, the integration of the India Foods and Beverages business has been substantially completed and we have started to see synergy benefits from this integration," he said. In the international markets, TCPL -- earlier known as Tata Global Beverages Ltd -- has divested stake in non-core businesses to enable greater focus on core branded businesses. "We now have a portfolio which covers tea, coffee, water, salt, pulses, spices, ready-to-cook offerings, breakfast cereals, snacks, and mini meals. We have also stepped up the pace of innovation across markets in line with consumer trends such as health and wellness and convenience," said Chandrasekaran.
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