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In this role, Swaminathan will be responsible for charting out and executing a digital roadmap for the company. This includes enabling the business from a digital perspective, as well as enhancing analytical capabilities. He will lead the development and execution of a digital vision and value proposition for the company.
Tata Consumer Products (TCP), the consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella, has announced the appointment of TV Swaminathan as t
Tata Consumer To Create Power Brands In Core Categories Like Tea & Salt
Tea Prices To Normalise After Sharp Uptick In Prices In 2020: Sunil D Souza
The world’s most popular beverage, Tea prices witnessed a sharp uptick in India in 2020 as production declined due to lockdown and floods in Assam. Tata Consumer Products MD & CEO Sunil D’Souza remained optimistic of tea priced normalizing soon. Sunil D’Souza stressed that the tea prices have already moderated to 20-30% above pre-COVID levels from a peak of 70-80% during August and September 2020. Tea has been through once-in-a-lifetime sort of Yo-Yo on pricing, with the lockdown, shortage. About 15% gap between demand and supply triggered the price rise in September , said Sunil D’Souza to ET NOW.
Updated Mar 02, 2021 | 22:26 IST
FMCG companies have widely spoken about high input cost pressures across categories. This can impact your morning tea, soaps and even hair oil. We look at how FMCG are majors dealing with these pressures. Representational Image | Photo Credit: BCCL
Key Highlights
Many FMCG companies are choosing volumes over margins and not passing on input cost pressures completely to customers
Tea prices have seen unprecedented inflation of 50 to 70 per cent since the beginning of the financial year
High fuel prices may force biscuit companies like Parle Products to increase product costs
Tea, biscuits, soaps, hair oil - all your day to day products have either gotten costlier in the recent past, or are set to be priced higher soon. With input costs pressures continuing, FMCG majors like Hindustan Unilever (HUL), Marico, Dabur, Britannia, Parle Products have all flagged off a possibility of further price hikes in a few ca