20-April-2024
Corporate News
 
Tata Consumer to go for aggressive growth, both organic and inorganic: Sunil D'Souza
26-Oct-2021

The quarter gone by has been a challenging one for the FMCG sector largely because of input and cost pressures. What has been your experience at Tata Consumer because we are going through a patch of inflation which we have never seen before? Before I get to this specific question, I just want to highlight that Tata Consumer as a company has declared results for six quarters and it has been six quarters of double digit growth. It has been a decent growth for us even this quarter. Net of divestments topline is up 11%, bottomline up 5%; efficiently delivered about 16 days taken off working capital, 1,700 bps improvement in free cash flow to EBITDA. The strategic priorities which we had defined are well in play -- whether it is outlet expansion beyond a million outlets, A&P up by 75% strengthening brands, innovation now picking up 2.5%, ecomm clocking 39% growth.

News Source:- https://economictimes.indiatimes.com/markets/expert-view/tata-consumer-to-go-for-aggressive-growth-both-organic-and-inorganic-sunil-dsouza/articleshow/87253383.cms