Tata Global Beverages and Tata Chemicals merger, which took effect from February, will provide a broader exposure to growth and opportunities in the FMCG space, said Tata group chairman N Chandrasekaran
Tata Consumer Products Ltd (TCPL), formed recently by the merger of Tata Global Beverages and Tata Chemicals, is aiming to be a full-fledged FMCG company, its chairman N Chandrasekaran said on Monday.
The merger, which took effect from February, will provide a broader exposure to growth and opportunities in the FMCG space, he said.
"TCPL will aim at emerging into a full-fledged FMCG firm and also scout for new opportunities in the international markets," Chandrasekaran told shareholders at the company's virtual annual general meeting.
He said the COVID-19 pandemic impacted business in the last quarter of 2019-20 and the first quarter of the current fiscal.
The company is expecting a slow recovery of the supply chain.
"We expect the pandemic to continue in the near term and the company is positive about the current fiscal and beyond," Chandrasekaran said.
TCPL is looking at a vast portfolio of consumer products, he said, adding, demand for packaged foods is higher than usual as people have been stocking.
The company will strengthen distribution and marketing channels so that its products are available nationwide, he said. It will also bolster presence in the US, UK and Canada.