Tata Consumer Products Ltd. (TCPL) has reported a 13% revenue growth for the FY 2022-23. During its Annual General Meeting held on 6 Jun. ‘23, the company said its annual turnover for FY 22-23 was Rs. 13,783 Cr. This included revenues from its international and India operations. TATA Starbucks, the JV company is also a part of TCPL.
The FMCG-led company has grown its direct reach of kirana and organised retail segment by 3x, from 0.5 mn to 1.5 mn outlets between 2020 – 2023. The total reach, however has grown to 3.8 mn during FY 22-23 and expects to grow to 4 mn outlets during FY ‘24. The total reach is a result of B2B2C models such as selling through the likes of Metro Cash & Carry, D’Mart, Reliance Mart, online aggregators such as Udaan, to name a few.
The share of sales from modern trade retail formats (mostly organised supermarkets and hypermarkets) grew 21% during the previous year. D
2C Sales – Online retail through the company’s own e-commerce channel as well as marketplaces such as Big Basket, Amazon, Blinkit, Swiggy Instamart, etc. grew 32% during the same period.
34 new products were launched during the last year. 69 new Stock Keeping Units (SKUs) were launched during FY 22-23 while newly developed product contribution through e-commerce grew 10%.
The beverages business, which includes Tata Copper and Himalayan (Water) alongside Tata Gluco, the nourishment drink, has grown from Rs. 180 Cr during FY 20-21 to Rs. 621 Cr during FY 22-23. Over 650,000 outlets across India stock and sell these products, a 70% YoY growth.
Tata Soulfull revenues grew 100% during the previous year, according to the company. Capitalising on the extensive distribution network of TCPL, Soulfull is now avaialble cross 300,000 outlets. The company drove accessibility and affordability with the Rs. 10 pack of No Maida Choco. The company said it is gearing up for “Year of Millets 2023”.
The cafe chain Starbucks, as reported earlier, has reached Rs. 1,087 Cr in annual revenues during FY 22-23. The company operated 333 outlets as on 31 Mar. ‘23 in 41 India cities. The company added a whopping 71 new cafes across top metros, airport terminals, Tier 2/3 towns and highways during this period.
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