Tata Consumer Annual Report Highlights - Growth Levers In Place: Motilal Oswal

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Motilal Oswal Report

Tata Consumer Products Ltd.’s FY21 annual report focuses on initiatives taken by the management to leverage the ‘Tata’ brand in creating capabilities for building a multicategory fast moving consumer goods company.

Some of these strategies include strengthening and accelerating the core business, exploring new opportunities, unlocking synergies, digitising the supply-chain, product portfolio expansion, and expanding its sales and distribution infrastructure.

Key highlights below:

• Revenue from the India food business grew 18% YoY (to Rs 24.4 billion), which can be attributed to the 17% increase in the salt business in FY21, along with Tata Sampann whose portfolio grew 26%.

• Ebit margin expanded by 300 basis point to 15.9% (or Rs 3.9 billion).

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