Tata Consumer Products consolidated net profit stood at Rs 133.34 crore in Q4 FY21 compared with net loss of Rs 50.21 crore in Q4 FY20.The company reported an exceptional loss of Rs 63.93 crore during the quarter. It mainly represents the costs relating to the business restructure and re-organisation of Rs 18 crore and loss on disposal of an overseas subsidiary/joint venture of Rs 46 crore.
Net sales soared 26.28% (24% in constant currency) to Rs 3,037.22 crore in Q4 FY21 from Rs 2,405.03 crore in Q4 FY20, mainly driven by strong volume and value growth in the India Food & Beverage business.
Profit before exceptional items and tax at Rs 262 crore in Q4 FY21 is higher by 6%, as compared to corresponding quarter of the previous year, mainly on account of tea cost inflation in India and higher investment behind brands which partly offset the revenue growth and strong control on overheads.
Deepika Bhan Tata Consumer Products (TCP), the company uniting the principal food and beverage interests of the Tata Group under one umbrella, has announced the appointment of Deepika Bhan as president - packaged foods, India. She replaces Richa Arora who has decided to move on from the company. The appointment is effective 27 April 2021. Sunil D Souza, MD and CEO, Tata Consumer Products, said, “We are delighted to welcome Deepika on board to lead our Foods portfolio. We aspire to build this business through agility, innovation and strengthening our brands, and Deepika will lead us in this exciting growth phase. We would like to thank Richa for her many contributions in the growth of the foods business, strengthening the position of Tata Salt, and successfully leading the many innovations in the Sampann portfolio. We wish her well for the future.”
Tata Consumer appoints Deepika Bhan as President, Packaged Foods
April 19, 2021
×
She joins TCP from Hindustan Unilever, where she was Global Brand Director, Haircare for South Asia. Tata Consumer Products (TCP) has appointed Deepika Bhan as the company’s new President - Packaged Foods, India, effective April 27, 2021.
Deepika joins TCP from Hindustan Unilever, where she was Global Brand Director, Haircare for South Asia. She has had varied stints in Sales, Customer Marketing, Media, Brand and Category/ P&L roles in her career, during which she has led large teams across brands and portfolios. She has also worked with PepsiCo and Tata Motors.
Deepika Bhan
Tata Consumer Products (TCP), the consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella, announced the appointment of Deepika Bhan as the Companyâs new President - Packaged Foods, India, effective April 27, 2021.
Bhan has joined TCP from Hindustan Unilever where she was Global Brand Director, Haircare for South Asia. She has had varied stints in Sales, Customer Marketing, Media, Brand and Category/ P&L roles in her career during which she has led large teams across brands and portfolios. She has also worked with PepsiCo and Tata Motors.
Advertisement
Sunil D Souza, MD and CEO, Tata Consumer Products, said, âWe are delighted to welcome Deepika on board to lead our Foods portfolio. We aspire to build this business through agility, innovation and strengthening our brands, and Deepika will lead us in this exciting growth phase.
Message :
Required fields Tata Consumer Products (TCP), the consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella, announced the appointment of Deepika Bhan as the Company s new President - Packaged Foods, India, effective April 27, 2021. Deepika joins TCP from Hindustan Unilever where she was Global Brand Director, Haircare for South Asia. She has had varied stints in Sales, Customer Marketing, Media, Brand and Category/ P&L roles in her career during which she has led large teams across brands and portfolios. She has also worked with PepsiCo and Tata Motors. On this appointment,