Sunil D’Souza said Tata Consumer Products is launching new products and expanding its coffee chain Starbucks
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In its September quarter earnings announcement last week, Tata Consumer Products Ltd (TCPL) said the beverages business in India grew 14%, while foods business volumes were up 16% year-on-year. The company, which owns brands such as Tata Sampann and Tata Tea, said it will modify pack sizes, prices, channels, and marketing spends to keep costs under control. In an interview, the company’s managing director and chief executive officer Sunil D’Souza said it is also launching new products and expanding its coffee chain Starbucks. Edited excerpts:
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