Tata Consumer Products Expands Horizons to Become Full-fledged FMCG Giant

Tata Consumer Products Ltd plans to become a comprehensive FMCG company, doubling its capex to Rs 785 crore for FY25. The company prioritizes acquisitions and new segments, including millet products, to drive growth. TCPL is also investing significantly in digital, sales, and distribution channels while expanding its product portfolio.

Tata Consumer Products Ltd is making strategic moves to establish itself as a comprehensive FMCG entity. The company has committed to doubling its capital expenditure to Rs 785 crore for FY25, primarily for a new plant in Vietnam, according to Chairman N Chandrasekaran.

Addressing shareholders at the annual general meeting, Chandrasekaran, who is also the Chairman of Tata Sons, emphasized the company's openness to acquisitions if financial viability and growth prospects align. Millet products are on their radar as a new category focus.

Chandrasekaran confirmed that the aim is to transcend their current focus on beverages and foods, evolving into a full-fledged FMCG company. Though specific segments remain undisclosed, the company is always scouting for growth opportunities, especially in health-oriented and food product categories.