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    TATACONSUM   INE192A01025

TATA CONSUMER PRODUCTS LIMITED

(TATACONSUM)
  Report
End-of-day quote NSE India Stock Exchange  -  2022-11-29
818.05 INR   +1.61%
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Tata Consumer Products : enters the health supplements segment, launches plant protein powder under new brand ‘Tata GoFit'

09/13/2022 | 10:50am EST

Tata Consumer Products (TCP), the consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella, has entered the health supplements segment with the launch of 'Tata GoFit', a health supplement range for women who are on their journey to be fitter every day. Tata GoFit plant protein powder is a plant -based easy-to-mix product formulated with the goodness of gut-friendly probiotics. With ingredients like pea and brown rice, it is free from soy, lactose & added sugar. The latest launch is in line with TCP's focus on accelerating innovation, strengthening its wellness portfolio and expanding its total addressable market.

Protein is an important macronutrient and is a key building block for the human body. In India, the consumption of protein is largely from everyday food sources like pulses, nuts, dairy, which may not be sufficient. Generally, protein brands have for a large part focused on catering to certain segments of the population, often leaving out women who have just begun their fitness journey or who engage in lighter forms of exercise. Crafted to help women #GoFitEveryday, Tata GoFit aims to be a community centric brand, aimed at helping women along on their fitness journey, no matter where they are on it today. It has essential amino acids, digestion- friendly enzymes and gut- friendly probiotics.

With 18 grams of protein per 25 grams serving, Tata GoFit is available in two pack sizes (500 g, and 1 kg) and two delicious flavours - Rich Chocolate and Café Mocha, making it an ideal choice for women looking for a tasty, convenient way to supplement their daily protein needs. The products are priced between Rs. 1599 to Rs. 3099 and will be available across India on ecommerce platforms and an exclusive D2C site.

Speaking about the new launch, Deepika Bhan, President - Packaged Foods (India), Tata Consumer Products said "We are delighted to launch Tata GoFit plant protein powder- an inclusive brand for women at various stages of their fitness journey. There has been a growing trend of consumers becoming more fitness conscious in their choices with a heightened focus on their nutrition intake. Tata GoFit has been specially developed for women and has an innovative and differentiated formulation with digestion-friendly enzymes and gut-friendly probiotics. We believe Tata Consumer Products is well positioned to unlock the market potential of the plant protein powder segment and to lead the charge in addressing evolving consumer needs."

About Tata Consumer Products Limited

Tata Consumer Products Limited is a focused consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella. The Company's portfolio of products includes tea, coffee, water, RTD, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks and mini meals. Tata Consumer Products is the 2nd largest branded tea company in the world. Its key beverage brands include Tata Tea, Tetley, Eight O'Clock Coffee, Tata Coffee Grand, Himalayan Natural Mineral Water, Tata Water Plus and Tata Gluco Plus. Its foods portfolio includes brands such as Tata Salt, Tata Sampann, Tata Soulfull and Tata Q. In India, Tata Consumer Products has a reach of over 201 million households, giving it an unparalleled ability to leverage the Tata brand in consumer products. The Company has a consolidated annual turnover of ~Rs. 12,425 Crs with operations in India and International markets. For more information, please visit https://www.tataconsumer.com/

Disclaimer

Tata Consumer Products Ltd. published this content on 12 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 September 2022 14:49:04 UTC.


ę Publicnow 2022
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Financials
Sales 2023 138 B 1 694 M 1 694 M
Net income 2023 11 984 M 147 M 147 M
Net cash 2023 23 731 M 291 M 291 M
P/E ratio 2023 63,8x
Yield 2023 0,81%
Capitalization 760 B 9 326 M 9 326 M
EV / Sales 2023 5,33x
EV / Sales 2024 4,76x
Nbr of Employees 3 000
Free-Float 65,2%
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Number of Analysts 22
Last Close Price 818,05 INR
Average target price 871,38 INR
Spread / Average Target 6,52%
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Sunil A. D'Souza Chief Executive Officer, Executive Director & MD
Krishna Kumar Lakshmanan Group Chief Financial Officer & Executive Director
Sivakumar Sivasankaran Chief Financial Officer
Natarajan Chandrasekaran Chairman
Vikas Gupta Global Head-Research & Development
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