BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Tata Consumer Products Ltd.’s FY21 annual report focuses on initiatives taken by the management to leverage the ‘Tata’ brand in creating capabilities for building a multicategory fast moving consumer goods company.
Some of these strategies include strengthening and accelerating the core business, exploring new opportunities, unlocking synergies, digitising the supply-chain, product portfolio expansion, and expanding its sales and distribution infrastructure.
Key highlights below:
Revenue from the India food business grew 18% YoY (to Rs 24.4 billion), which can be attributed to the 17% increase in the salt business in FY21, along with Tata Sampann whose portfolio grew 26%.
Ebit margin expanded by 300 basis point to 15.9% (or Rs 3.9 billion).
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