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Tata Consumer Products Ltd

BSE Code : 500800 | NSE Symbol : TATACONSUM | ISIN:INE192A01025| SECTOR : Plantation & Plantation Products |

NSE BSE
 
SMC up arrow

538.00

18.15 (3.49%) Volume 280564

27-Nov-2020 EOD

Prev. Close

519.85

Open Price

520.80

Bid Price (QTY)

538.00(46800)

Offer Price (QTY)

0.00(0)

 

Today’s High/Low 545.30 - 520.55

52 wk High/Low 591.95 - 213.70

Key Stats

MARKET CAP (RS CR) 49671.64
P/E 73.53
BOOK VALUE (RS) 119.107642
DIV (%) 270
MARKET LOT 1
EPS (TTM) 7.33
PRICE/BOOK 4.52531836706162
DIV YIELD.(%) 0.5
FACE VALUE (RS) 1
DELIVERABLES (%) 47.78
4

News & Announcements

27-Nov-2020

Tata Consumer Products Ltd - TATA CONSUMER PRODUCTS LIMITED - Loss of Share Certificates

26-Nov-2020

Tata Consumer Products Ltd - TATA CONSUMER PRODUCTS LIMITED - Analysts/Institutional Investor Meet/Con. Call Updates

25-Nov-2020

Tata Consumer Products Ltd - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

22-Nov-2020

Tata Consumer Products Ltd - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

20-Oct-2020

Tata Consumer Products to announce Quarterly Result

08-Aug-2020

Tata Consumer Products director resigns

15-Jul-2020

Tata Consumer Products to announce Quarterly Result

03-Jul-2020

Tata Consumer Products receives reaffirmation in ratings for CPs from CARE

Corporate Actions

Bonus
Splits
Dividends
Rights
Capital Structure
Book Closure
Board Meeting
AGM
EGM
 

Financials

Income Statement

Standalone
Consolidated
 

Peers Comparsion

Select Company Name BSE Code NSE Symbol
Alipurduar Tea Company Ltd 40643
Apeejay Tea Ltd 508134 ASSAMFRONT
Arcuttipore Tea Co Ltd 530261
Asian Coffee Ltd (Merged) 500021 ASIANCOFFE
Asian Tea & Exports Ltd 519532
Assam Company India Ltd 500024 ASSAMCO
Assambrook Ltd 500025
Asutosh Enterprises Ltd 512433
B & A Ltd 508136
Balanoor Plantations & Industries Ltd 40746
Bansisons Tea Industries Ltd 519353
Bhatkawa Tea Industries Ltd 40389
Bishnauth Tea Company Ltd (Merged) 519226 BISHNATTEA
Bombay Burmah Trading Corporation Ltd 501425 BBTC
Brooke Bond Lipton India Ltd (Merged) 500785 BROOKBOND
CCL Products (India) Ltd 519600 CCL
Coffee Lands Ltd 40054
Cowcoody Estates Ltd 40732
Dhunseri Tea & Industries Ltd 538902 DTIL
Diana Tea Company Ltd 530959
Doom Dooma (I) Ltd (Merged) 40665
DPIL Ltd 508197
Duncans Agro Industries Ltd (Merged) 23748
Duncans Industries Ltd 590063 DUNCANSLTD
Goodricke Group Ltd 500166 GOODRICKE
Gremach Tea & Estates Ltd 530687
Grob Tea Co Ltd 538367 GROBTEA
Haileyburia Tea Estates Ltd 40258
Hanuman Tea Co Ltd 519580
Harrisons Malayalam Ltd 500467 HARRMALAYA
Hatigor Tea Estates Ltd 531059
Highland Industries Ltd 507940
Highland Produce Company Ltd 40724
James Warren Tea Ltd 538564
Jay Shree Tea & Industries Ltd 509715 JAYSREETEA
Joonktolle Tea & Industries Ltd 538092
Jutlibari Tea Company Ltd (Merged) 40122
Kalasa Tea & Produce Company Ltd 40137
Kamala Tea Company Ltd 530529
Kanco Tea & Industries Ltd 541005
Kil Kotagiri Tea & Coffe Estates Company Ltd 40390
Ledo Tea Company Ltd 508306
Lingapur Estates Ltd 40272
Manjushree Plantations Ltd 40078
McLeod Russel (India) Ltd (Merged) 508329 MCLEODRUS
Mcleod Russel India Ltd 532654 MCLEODRUSS
Methoni Tea Company Ltd 40040
Midland Rubber & Produce Co Ltd 40055
Moran Tea Company (India) Ltd(merged) 40043
Mysore Plantations Ltd 40336
Namdang Tea Co Ltd (Merged) 519212
Neelamalai Agro Industries Ltd 508670
Nelliampathy Tea & Produce Co Ltd 40244
NEPC Agro Foods Ltd 500452 NEPCAGRO
NEPC Tea Garden Ltd (Merged) 523706
Nonsuch Tea Estates Ltd 40697
Norben Tea & Exports Ltd 519528 NORBTEAEXP
Octavius Plantations Ltd 542938
Ossoor Estates Ltd 40492
Peria Karamalai Tea & Produce Company Ltd 531044 PKTEA
Premier Plantation Ltd 523570
Prime Tea Plantation & Industries Ltd 519556
Retro Green Revolution Ltd 519191
Rossell India Ltd 533168 ROSSELLIND
Rossell Industries Ltd 508274 ROSSELL
Rydak Syndicate Ltd 40048
Sangameshwar Coffee Estates and Industries Ltd 40271
Scottish Assam (India) Ltd 40343
Stanes Amalgamated Estates Ltd 40096
Tata Coffee Ltd 532301 TATACOFFEE
Tea Time Ltd 512011
Tengpani Tea Company Ltd(merged) 40121
Terai Tea Co Ltd 530533
Tezpore Tea Company Ltd(merged) 590045
Tirrihannah Company Ltd 40351
Tyroon Tea Company Ltd 526945
United Nilgiri Tea Estates Company Ltd 530470 UNITEDTEA
Warren Tea Ltd 508494 WARRENTEA
Wartyhully Estates Ltd 40493
Williamson Tea Assam Ltd(merged) 508238 GEORGWILIM

Share Holding

Category No. of shares Percentage
Total Foreign 209862786 22.77
Total Institutions 162895625 17.68
Total Govt Holding 87870 0.01
Total Non Promoter Corporate Holding 12114721 1.32
Total Promoters 319629733 34.68
Total Public & others 216960980 23.55
Total 921551715 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Tata Consumer Products Ltd

Tata Global Beverages Ltd is the second-largest player in branded tea in the world. Tata Global Beverages focusses on branded natural beverages - tea, coffee and water. The company directly and through its subsidiaries and joint ventures owns a strong portfolio of brands, including Tata Tea, Tetley, Jemca, Vitax, Eight O'Clock Coffee, Himalayan, Grand Coffee and Joekels. Over 60% of Tata Global Beverages' consolidated revenue originates from markets outside India and more than 90% of turnover is from branded products. Tata Global Beverages has a joint venture with Starbucks called Tata Starbucks Limited, to own and operate Starbucks cafs in India. The company also has a joint venture with PepsiCo called NourishCo Beverages Ltd., which produces non-carbonated ready-to-drink beverages that focus on health and enhanced wellness. NourishCo produces and markets Tata Water Plus - India's first nutrient water, and Tata Gluco Plus - a healthy, glucose-based flavoured drink. Himalayan water is also marketed and distributed through NourishCo. Tata Global Beverages also has a presence in the high-growth contemporary 'single-serve' business in the USA through an agreement with Green Mountain Coffee Roasters' Keurig single-serve machines for Eight O'Clock Coffee, MAP Coffee, and with Tassimo in Canada for Tetley tea. Tata Global Beverages' tea extraction business is engaged in the manufacture and sale of instant black tea and instant green tea. These are crucial ingredient for ready to drink products such as iced tea, 3 in 1 teas, etc. Tata Global Beverages' subsidiary Tata Coffee is one of the largest integrated plantation companies in the world and one of India's largest exporters of instant coffee. Tata Global Beverages Ltd was incorporated in the year 1962 as Tata Finlay Ltd with technical and financial collaboration with James Finlay & Co. Ltd., Glasgow, U.K. The company entered into joint venture with James Finlay to develop value-added tea. In the year 1976, Tata Finlay took over the production and marketing operations of James Finlay. In the year 1983, James Finlay sold their shareholding in the company and Tata Tea was born. In the year 1987, the company set up as wholly owned subsidiary, Tata Tea Inc in USA. They took their brands to the global market in the 1990s and built Cochin Spices Centre during the year. In the year 1991, the company acquired 52.5% shareholding in Consolidated Coffee Ltd (now known as Tata Coffee Ltd.). Also, they set up a pilot plant at Munnar for the production of Button Mushrooms. In the year 1992, they entered into a joint venture in Sri Lanka and formed Estate Management Services (P) Ltd. Also, they established the International business division for consolidating their export operations and foraying into foreign operations. In the year 1993, the company entered into a joint venture alliance with Allied Lyons plc and established Tata Tetley Ltd. In the year 1996, the company acquired 51% shareholding in Watawala Plantations Ltd through their Lankan JVC. In the year 1997, they introduced 100 percent instant tea to the United States and launched their popular brand, Tata Tea Premium in the twin-cities of Hyderabad and Secunderabad. In the year 1998, the company introduced their new brand 'Agni' in the economy sector. In the year 2000, the company acquired the Tetley Group Ltd, UK. In the year 2004, Bambino Investment & Trading Company Ltd was amalgamated with the company. During the year 2004-05, erstwhile joint venture company, Tata Tetley Ltd became a wholly owned subsidiary company upon acquisition of entire shareholding by the company. In February 2005, the company transferred their business and undertakings of 16 tea estates in Munnar to Kannan Devan Hills Plantations Company Pvt Ltd, a newly formed company set up by the management and other categories of employees of these estates with effect from April 1, 2005. In October 2005, the company's subsidiary, Tetley US Holdings Ltd, USA acquired FMALI Herb Inc and Good Earth Corporation. In April 2006, Tetley acquired a leading tea company in Czechoslovakia. Also, Tata Tetley Ltd was amalgamated with the company with effect from April 1, 2005. Thus Tata Tetley Ltd became an unit of the company. During the year 2006-07, the company acquired 25% shareholding in Energy Brands Inc, USA through its overseas subsidiaries. Along with the company, Tata Sons Ltd also acquired a 5% stake in Energy Brands Inc, USA. During the year 2007-08, the company acquired the shares of Mount Everest Mineral Water Ltd at a price of Rs 140 per share. They entered into a joint venture agreement with The Zhejiang Tea Group for setting up a Green Tea Extracts and Polyphenol extraction unit in China. The company holds 70% stake in this joint venture company. In October 2007, the Tata group transferred their share holding in Energy Brands Inc, USA to the Coca Cola Company, USA for an aggregate consideration of USD 1.02 billion. In April 9, 2008, the High Court of Calcutta approved the reconstruction scheme of North India Plantation Division which takes effect from April 1, 2007. In terms of the scheme, the business and undertakings of 24 tea estates comprised in North India Plantation Division as well as other support and ancillary facilities as specified scheme stand and transferred to Amalgamated Plantations Pvt Ltd. In March 2009, the company forayed into the Rs 100 crore branded cold drinks market with the launch of TION, a tea and fruit-based cold beverage. During the year 2009-10, the company signed an MOU with Pepsi Co. Inc., USA for exploring the possibility of the formation of a Joint Venture in the area of non-carbonated ready-to-drink beverages, focused on health and enhanced wellness. They increased their stake in their subsidiary, Mount Everest Mineral Water Ltd from 35.99% to 40.92%. They launched new Jaago Re campaign - 'Aaj Se Khilana Bandh, Pilana Shuru'. During the year, Zhejiang Tata Tea Extraction Company Ltd, China, a joint venture partner commenced production of Green Tea Polyphenol, tea extracts, instant tea and other value added tea beverage products at their manufacturing unit in China. In September 2009, the company's subsidiary in the UK acquired a 51% stake along with the European Bank of Reconstruction and Development in the consolidated group of Suntyco Holding Ltd, providing the group a presence in the tea and coffee market in Russia. This acquisition also provides the Group with market access to a critical market like Russia. The name of the company was changed from Tata Tea Ltd to Tata Global Beverages Ltd with effect from July 2, 2010 in order to reflect the current nature of the company and their vision for the future. They launched their products in Saudi Arabia and also taking efforts to tap into beverages potential in the Middle East. During the year 2010-11, the company and PepsiCo India Holdings Pvt Ltd (PIH) formed a joint venture company, named NourishCo Beverages Ltd, in which the Company and PepsiCo each hold 50% of the equity capital. The vision of the joint venture is to develop the business in India and internationally focusing on health and wellness beverage products. The Group acquired 31% stake in The Rising Beverages Company LLC. Rising Beverages manufactures and markets a range of vitamin and flavour enhanced water using unique powder dispensing technology, under the 'Activate' brand. This acquisition would give us access to the functional water category which is one of the fastest growing beverage categories in the US. The company signed an MoU with Kerala Ayurveda Ltd to enter into a 50:50 joint venture for facilitating the development of a range of leading edge, functional and great tasting beverage and food products based on proven Ayurvedic recipes, actives and formulation with necessary research, development and commercialization capability. The definitive agreements are being finalised. The company together with their subsidiary, Tata Coffee Ltd, signed a non binding MoU with Starbucks Coffee Company. This MoU will create avenues of collaboration between the two companies for sourcing and roasting high quality green coffee beans in Tata Coffee's Coorg, India facility. In January 2012, the company entered into a joint venture with Starbucks group whereby, the newly formed joint venture company Tata Starbucks Ltd shall engage in the operation of Starbucks Cafes. Also, the company's overseas subsidiary made a financial investment in the equity capital of Bjets Pte Ltd, a Singapore based company engaged in the business of owning and operating private aircrafts. During 2013, the company inks pact with Tata Realty for development of property. The company awards Re-imagination scholarships Financial support for eight ''Urban Scholars'' at Brunel University in London. Starbucks Coffee Company and the company's subsidiary Tata Coffee Limited inaugurate roasting and packaging plant in Kushalnagar in Coorg, Karnataka. During 2014, the company which formed a Joint Venture with PepsiCo India, is contemplating introducing its nutrient water brand. The company acquires 100% stake in Australian firm during the year under review. Tata Starbucks Ventures into Chennai with 50:50 joint venture between Starbucks Coffee Company and Tata Global Beverages. The merger of Mount Everest Mineral Water with the company also got approval during the year. The company, on November 29, 2015 launched an Instant coffee product in the Indian market under the brand name Tata Coffee Grand'. The company also launched a new brand under its Tata Tea portfolio namely Tata Tea Fusion.On 1 March 2017, Tata Global Beverages (TGB) and Keurig Green Mountain, Inc. (Keurig) announced a multi-year expansion of their successful partnership for the manufacturing, sales, licensing and distribution of the Eight O'Clock coffee and Tetley tea brands in K-Cup pods for use in Keurig brewers. The renewed long-term agreement allows for the continued success for the brands through in-home and away-from-home channels, as well as on Keurig's consumer direct websites throughout the U.S. and Canada. Keurig Green Mountain, Inc. (Keurig) is a leader in specialty coffee and innovative single serve brewing systems. On 15 August 2017, Tata Global Beverages announced that its premium natural mineral water brand Himalayan' marketed by NourishCo Beverages Ltd. will now enter the USA market in a phased manner, through an agreement signed by its subsidiary with Talking Rain Beverage Company, the maker of Sparkling Ice flavored sparkling waters to distribute and market the brand. This agreement will give Himalayan the benefit of Talking Rain's extensive go to market and execution capabilities in the U.S, which synergize well with TGB's product expertise and marketing capability. NourishCo Beverages Ltd. is an equal joint venture between Tata Global Beverages Limited and PepsiCo India Holdings Private Limited. On 31 October 2017, Tata Global Beverages announced that it is evaluating the out of home beverage space with the pilot launch of its first tea caf Tata Cha. The first Tata Cha tea cafe is located at 12th Main Indiranagar, the heart of Bangalore. The company plans to test launch a total of four pilot stores to evaluate the consumer proposition and business model. Based on the outcome of the pilot, Tata Global Beverages will decide on future course of action for the out of home beverage space. On 10 September 2018, Tata Global Beverages (TGB) announced that as a result of a recent review, the company has restructured its international operations in order to unlock synergies for the business, optimize costs and streamline operations. The erstwhile EMEA (UK, Europe, Middle East and Africa) and CAA (Canada, Australia, and Americas) units of TGB have been merged into a single unit called the International Business Division, with experienced country heads in key markets, reporting into a single head, Adil Ahmad for the International Business Division. This will build greater alignment across the company and better cost efficiency. Separately, TGB has restructured its operating model in Russia; it has divested its stake in plantations in Sri Lanka and exited its joint venture business in China. The company has also identified back office processes in Human Resources, Finance and Operations, and outsourced the management of these back office processes to Tata Consultancy Services (TCS). These processes are now being handled from the TCS Development Centre in Kolkata.

Tata Consumer Products Ltd Chairman Speech

UNLOCKING

NEW OPPORTUNITIES

The new name of the Company, ‘Tata Consumer Products', signifies its ambition to become a leading force in the consumer products category and marks a new strategic direction for the Company. Its product portfolio currently spans a mix of iconic and emerging brands in tea, coffee, water, salt, pulses, spices and packaged foods.

I am pleased to write to you on the performance of Tata Consumer Products Limited for the financial year 2019-20.

The last few months have seen unprecedented changes in the way we live and work, due to the significant COVID-19 pandemic. While this is a challenging time for everyone, I believe it is also a learning opportunity and we will emerge stronger from this crisis.

The last year has been an eventful one for the Company. The merger of Tata Chemicals' Consumer Products business with the Company has given Tata Consumer a much wider scope and exciting opportunities for growth in the new decade. The new name of the Company, ‘Tata Consumer Products', signifies its ambition to become a leading force in the consumer products category and marks a new strategic direction for the Company. Its product portfolio currently spans a mix of iconic and emerging brands in tea, coffee, water, salt, pulses, spices and packaged foods. This gives us broader exposure to the large and fast growing FMCG market in India as well as the ability to explore options in the international markets where we have an existing strong base.

The integration of the Company's Foods and Beverages businesses in India is well underway. Unlocking the synergies from this process, and using combined scale to achieve rapid growth, will be critical for our future. We expect these revenue andcostsynergiestoadd shareholder value. The combined consumer business will also benefit from a reach to over 200 million households in India, a broader portfolio to deepen distribution, enhanced innovation capabilities and a strong product pipeline.

During the COVID-19 pandemic, Tata Consumer has adapted by innovating new delivery models to consumers, launching brand campaigns that are relevant and meaningful in the current context and closely monitoring changes in consumer buying behavior. We have contributed to the community in various ways- financial assistance as well as making our products available to vulnerable sections of the population and frontline workers in essential services. At Tata Consumer, the health and safety of our employees and stakeholders is of prime importance to us. We are doing all we can to provide a safe working environment, with strong processes and protocols in place. While the road ahead is not an easy one, I believe we are well placed to deliver value to our consumers and other stakeholders.

I would like to thank Mr. Ajoy Misra for his contributions as the outgoing Managing Director & CEO of the Company and welcome Mr. Sunil D'Souza, who has taken charge as Managing Director & CEO in April 2020.

I would also like to take this opportunity to welcome the shareholders of Tata Chemicals, who are now the shareholders of Tata Consumer Products as well. On behalf of the Board, I would like to express my gratitude to all our employees for their commitment especially over the last few months and to our shareholders for their support and faith in the Company.

Warm regards,

N. Chandrasekaran

   

Tata Consumer Products Ltd Company History

Tata Global Beverages Ltd is the second-largest player in branded tea in the world. Tata Global Beverages focusses on branded natural beverages - tea, coffee and water. The company directly and through its subsidiaries and joint ventures owns a strong portfolio of brands, including Tata Tea, Tetley, Jemca, Vitax, Eight O'Clock Coffee, Himalayan, Grand Coffee and Joekels. Over 60% of Tata Global Beverages' consolidated revenue originates from markets outside India and more than 90% of turnover is from branded products. Tata Global Beverages has a joint venture with Starbucks called Tata Starbucks Limited, to own and operate Starbucks cafs in India. The company also has a joint venture with PepsiCo called NourishCo Beverages Ltd., which produces non-carbonated ready-to-drink beverages that focus on health and enhanced wellness. NourishCo produces and markets Tata Water Plus - India's first nutrient water, and Tata Gluco Plus - a healthy, glucose-based flavoured drink. Himalayan water is also marketed and distributed through NourishCo. Tata Global Beverages also has a presence in the high-growth contemporary 'single-serve' business in the USA through an agreement with Green Mountain Coffee Roasters' Keurig single-serve machines for Eight O'Clock Coffee, MAP Coffee, and with Tassimo in Canada for Tetley tea. Tata Global Beverages' tea extraction business is engaged in the manufacture and sale of instant black tea and instant green tea. These are crucial ingredient for ready to drink products such as iced tea, 3 in 1 teas, etc. Tata Global Beverages' subsidiary Tata Coffee is one of the largest integrated plantation companies in the world and one of India's largest exporters of instant coffee. Tata Global Beverages Ltd was incorporated in the year 1962 as Tata Finlay Ltd with technical and financial collaboration with James Finlay & Co. Ltd., Glasgow, U.K. The company entered into joint venture with James Finlay to develop value-added tea. In the year 1976, Tata Finlay took over the production and marketing operations of James Finlay. In the year 1983, James Finlay sold their shareholding in the company and Tata Tea was born. In the year 1987, the company set up as wholly owned subsidiary, Tata Tea Inc in USA. They took their brands to the global market in the 1990s and built Cochin Spices Centre during the year. In the year 1991, the company acquired 52.5% shareholding in Consolidated Coffee Ltd (now known as Tata Coffee Ltd.). Also, they set up a pilot plant at Munnar for the production of Button Mushrooms. In the year 1992, they entered into a joint venture in Sri Lanka and formed Estate Management Services (P) Ltd. Also, they established the International business division for consolidating their export operations and foraying into foreign operations. In the year 1993, the company entered into a joint venture alliance with Allied Lyons plc and established Tata Tetley Ltd. In the year 1996, the company acquired 51% shareholding in Watawala Plantations Ltd through their Lankan JVC. In the year 1997, they introduced 100 percent instant tea to the United States and launched their popular brand, Tata Tea Premium in the twin-cities of Hyderabad and Secunderabad. In the year 1998, the company introduced their new brand 'Agni' in the economy sector. In the year 2000, the company acquired the Tetley Group Ltd, UK. In the year 2004, Bambino Investment & Trading Company Ltd was amalgamated with the company. During the year 2004-05, erstwhile joint venture company, Tata Tetley Ltd became a wholly owned subsidiary company upon acquisition of entire shareholding by the company. In February 2005, the company transferred their business and undertakings of 16 tea estates in Munnar to Kannan Devan Hills Plantations Company Pvt Ltd, a newly formed company set up by the management and other categories of employees of these estates with effect from April 1, 2005. In October 2005, the company's subsidiary, Tetley US Holdings Ltd, USA acquired FMALI Herb Inc and Good Earth Corporation. In April 2006, Tetley acquired a leading tea company in Czechoslovakia. Also, Tata Tetley Ltd was amalgamated with the company with effect from April 1, 2005. Thus Tata Tetley Ltd became an unit of the company. During the year 2006-07, the company acquired 25% shareholding in Energy Brands Inc, USA through its overseas subsidiaries. Along with the company, Tata Sons Ltd also acquired a 5% stake in Energy Brands Inc, USA. During the year 2007-08, the company acquired the shares of Mount Everest Mineral Water Ltd at a price of Rs 140 per share. They entered into a joint venture agreement with The Zhejiang Tea Group for setting up a Green Tea Extracts and Polyphenol extraction unit in China. The company holds 70% stake in this joint venture company. In October 2007, the Tata group transferred their share holding in Energy Brands Inc, USA to the Coca Cola Company, USA for an aggregate consideration of USD 1.02 billion. In April 9, 2008, the High Court of Calcutta approved the reconstruction scheme of North India Plantation Division which takes effect from April 1, 2007. In terms of the scheme, the business and undertakings of 24 tea estates comprised in North India Plantation Division as well as other support and ancillary facilities as specified scheme stand and transferred to Amalgamated Plantations Pvt Ltd. In March 2009, the company forayed into the Rs 100 crore branded cold drinks market with the launch of TION, a tea and fruit-based cold beverage. During the year 2009-10, the company signed an MOU with Pepsi Co. Inc., USA for exploring the possibility of the formation of a Joint Venture in the area of non-carbonated ready-to-drink beverages, focused on health and enhanced wellness. They increased their stake in their subsidiary, Mount Everest Mineral Water Ltd from 35.99% to 40.92%. They launched new Jaago Re campaign - 'Aaj Se Khilana Bandh, Pilana Shuru'. During the year, Zhejiang Tata Tea Extraction Company Ltd, China, a joint venture partner commenced production of Green Tea Polyphenol, tea extracts, instant tea and other value added tea beverage products at their manufacturing unit in China. In September 2009, the company's subsidiary in the UK acquired a 51% stake along with the European Bank of Reconstruction and Development in the consolidated group of Suntyco Holding Ltd, providing the group a presence in the tea and coffee market in Russia. This acquisition also provides the Group with market access to a critical market like Russia. The name of the company was changed from Tata Tea Ltd to Tata Global Beverages Ltd with effect from July 2, 2010 in order to reflect the current nature of the company and their vision for the future. They launched their products in Saudi Arabia and also taking efforts to tap into beverages potential in the Middle East. During the year 2010-11, the company and PepsiCo India Holdings Pvt Ltd (PIH) formed a joint venture company, named NourishCo Beverages Ltd, in which the Company and PepsiCo each hold 50% of the equity capital. The vision of the joint venture is to develop the business in India and internationally focusing on health and wellness beverage products. The Group acquired 31% stake in The Rising Beverages Company LLC. Rising Beverages manufactures and markets a range of vitamin and flavour enhanced water using unique powder dispensing technology, under the 'Activate' brand. This acquisition would give us access to the functional water category which is one of the fastest growing beverage categories in the US. The company signed an MoU with Kerala Ayurveda Ltd to enter into a 50:50 joint venture for facilitating the development of a range of leading edge, functional and great tasting beverage and food products based on proven Ayurvedic recipes, actives and formulation with necessary research, development and commercialization capability. The definitive agreements are being finalised. The company together with their subsidiary, Tata Coffee Ltd, signed a non binding MoU with Starbucks Coffee Company. This MoU will create avenues of collaboration between the two companies for sourcing and roasting high quality green coffee beans in Tata Coffee's Coorg, India facility. In January 2012, the company entered into a joint venture with Starbucks group whereby, the newly formed joint venture company Tata Starbucks Ltd shall engage in the operation of Starbucks Cafes. Also, the company's overseas subsidiary made a financial investment in the equity capital of Bjets Pte Ltd, a Singapore based company engaged in the business of owning and operating private aircrafts. During 2013, the company inks pact with Tata Realty for development of property. The company awards Re-imagination scholarships Financial support for eight ''Urban Scholars'' at Brunel University in London. Starbucks Coffee Company and the company's subsidiary Tata Coffee Limited inaugurate roasting and packaging plant in Kushalnagar in Coorg, Karnataka. During 2014, the company which formed a Joint Venture with PepsiCo India, is contemplating introducing its nutrient water brand. The company acquires 100% stake in Australian firm during the year under review. Tata Starbucks Ventures into Chennai with 50:50 joint venture between Starbucks Coffee Company and Tata Global Beverages. The merger of Mount Everest Mineral Water with the company also got approval during the year. The company, on November 29, 2015 launched an Instant coffee product in the Indian market under the brand name Tata Coffee Grand'. The company also launched a new brand under its Tata Tea portfolio namely Tata Tea Fusion.On 1 March 2017, Tata Global Beverages (TGB) and Keurig Green Mountain, Inc. (Keurig) announced a multi-year expansion of their successful partnership for the manufacturing, sales, licensing and distribution of the Eight O'Clock coffee and Tetley tea brands in K-Cup pods for use in Keurig brewers. The renewed long-term agreement allows for the continued success for the brands through in-home and away-from-home channels, as well as on Keurig's consumer direct websites throughout the U.S. and Canada. Keurig Green Mountain, Inc. (Keurig) is a leader in specialty coffee and innovative single serve brewing systems. On 15 August 2017, Tata Global Beverages announced that its premium natural mineral water brand Himalayan' marketed by NourishCo Beverages Ltd. will now enter the USA market in a phased manner, through an agreement signed by its subsidiary with Talking Rain Beverage Company, the maker of Sparkling Ice flavored sparkling waters to distribute and market the brand. This agreement will give Himalayan the benefit of Talking Rain's extensive go to market and execution capabilities in the U.S, which synergize well with TGB's product expertise and marketing capability. NourishCo Beverages Ltd. is an equal joint venture between Tata Global Beverages Limited and PepsiCo India Holdings Private Limited. On 31 October 2017, Tata Global Beverages announced that it is evaluating the out of home beverage space with the pilot launch of its first tea caf Tata Cha. The first Tata Cha tea cafe is located at 12th Main Indiranagar, the heart of Bangalore. The company plans to test launch a total of four pilot stores to evaluate the consumer proposition and business model. Based on the outcome of the pilot, Tata Global Beverages will decide on future course of action for the out of home beverage space. On 10 September 2018, Tata Global Beverages (TGB) announced that as a result of a recent review, the company has restructured its international operations in order to unlock synergies for the business, optimize costs and streamline operations. The erstwhile EMEA (UK, Europe, Middle East and Africa) and CAA (Canada, Australia, and Americas) units of TGB have been merged into a single unit called the International Business Division, with experienced country heads in key markets, reporting into a single head, Adil Ahmad for the International Business Division. This will build greater alignment across the company and better cost efficiency. Separately, TGB has restructured its operating model in Russia; it has divested its stake in plantations in Sri Lanka and exited its joint venture business in China. The company has also identified back office processes in Human Resources, Finance and Operations, and outsourced the management of these back office processes to Tata Consultancy Services (TCS). These processes are now being handled from the TCS Development Centre in Kolkata.

Tata Consumer Products Ltd Directors Reports

MR. N. CHANDRASEKARAN

Chairman (Non Executive Director)

Appointment: He is the Chairman of the Board at Tata Sons, the holding company and promoter of all Tata group companies. The Tata group companies, across 10 business verticals, have aggregate annual revenues over USD 110 billion and a market capitalisation of over USD 165 billion.

He joined the Board of Tata Sons in October 2016 and was appointed Chairman in January 2017. He also chairs the Boards of several group operating companies, including Tata Steel, Tata Motors, Tata Power, and Tata Consultancy Services (TCS) of which he was Chief Executive from 2009-17.

Experience: His appointment as Chairman followed a 30-year business career at TCS, which he joined from university. He rose through the ranks at TCS to become CEO and Managing Director of the leading global IT solution and consulting firm.

Under his leadership, TCS generated total revenues of USD 16.5 billion in 2015-16 and consolidated its position as the largest private sector employer in India and the country's most valuable company. TCS has also been placed among the 'Big 4' most valuable IT services brands worldwide, ranked as one of the World's Most Innovative Companies by Forbes and recognised as a Global Top Employer by the Top Employers Institute across 24 countries.

He is also the author of Bridgital Nation, a groundbreaking book on harnessing technological disruptions to bring Indians closer to their dreams. He has been awarded several honorary doctorates by leading universities in India and internationally, including an honorary Doctor of Letters from Macquarie University, Australia, Doctor of Letters from the Regional Engineering College, Trichy, Tamil Nadu, where he completed a Masters degree in Computer Applications before joining TCS in 1987.

Current external appointments:

He is on the International Advisory Council of Singapore's Economic Development Board. He is the Chairman of Indian Institute of Management Lucknow as well as the President of the Court at India Institute of Science Bengaluru. He is the member of Bocconi's International Advisory Council and the Co-Chair India US CEO Forum.

He is an active member of India's bilateral business forums including USA, UK, Australia and Japan. He served as a Director on the Board of India's central bank, the Reserve Bank of India, from 2016 till 2020. He served as the Chairman of NASSCOM, the apex trade body for IT services firms in India in 2012-13.

MR. HARISH BHAT

Non Executive Director

Appointment: 7th July 2012

Experience: He is the Brand Custodian of Tata Sons. He joined the Tata group in 1987 as an officer in the Tata Administrative Service.

During his career of over 30 years with the Tata Group, Mr. Bhat has served in several senior roles. These include stints as Managing Director and CEO of Tata Global Beverages, COO of the Watches and Jewellery businesses of Titan Company, and in the telecom business of the

Tata group.

Current external appointments:

He is the Chairman of Tata Coffee Ltd. and a Director on the Boards of several other Tata companies, including Trent Ltd., Tata Starbucks Pvt. Ltd., Infiniti Retail Ltd., Tata Unistore Ltd., and Tata AIA Life Insurance Company Ltd. He is also a member of the Board of Governors of the Advertising Standards Council of India.

MR. S. SANTHANAKRISHNAN

Independent Director

Appointment: 11th May 2018

Experience: He has specialised knowledge in M&As, valuations, corporate laws and technology. He brings to the Board four decades of rich experience in finance, accounts and international accounting standards, strategy and planning and corporate laws. He has been an Independent Director for over 16 years in banks and been a Chairman of a bank for over 8 years.

He is a fellow member of the Institute of Chartered Accountants of India (ICAI) and a Managing Partner of PKF Sridhar and Santhanam LLP, Chartered Accountants. He was a member in the Central Council of ICAI for 15 years up to 2015, and has served in various committees of the Institute.

Current external appointments: He is a member on the Boards of various Tata companies like Tata Realty and Infrastructure Ltd., Tata Housing Development Company Ltd., Eight O'clock Coffee Company, Consolidated Coffee Inc., Tata Coffee Vietnam Company Ltd. and a Director in ICICI Home Finance Co. Ltd. He is a Designated Partner of PKF Sridhar & Santhanam LLP, a well-known CA firm. He is also actively involved with various government and industry bodies. He has been a member of the High-level Committee on Corporate Social Responsibility formed by the Ministry of Corporate Affairs and is also a Government Nominee for Central Council of the Institute of Company Secretaries of India (ICSI). He is a member of various Charitable organisations like Chairman of Coorg Foundation in Coorg, Voluntary Health Services in Chennai and various other Trusts.

MR. SIRAJ CHAUDHRY

Independent Director

Appointment: 3rd July 2017

Experience: His tenure at Cargill spans nearly 24 years out of a career of over 32 years in Agriculture and Food and includes handling the leadership role in India for 12 years, as well as a global commodity trading role in Geneva. Under his leadership since 2007, Cargill India, through a combination of green fields and acquisitions, has successfully built both their consumer FMCG businesses in India and institutional businesses, backed by world-class manufacturing facilities, early technology adoption robust sales and distribution network, and an enviable brand portfolio. Cargill's edible oil fortification plan has been recognised as one of the pioneering efforts in addressing malnutrition.

He is a Co-Chair of Federation of Indian Chambers of Commerce & Industry (FICCI) National Committee on Agriculture. He has, in the past, chaired the FICCI, the Agriculture and Food Committee of USA-India Business Council (USIBC) in India and the Agriculture and Food Committee at American Chambers of Commerce.

He has been actively engaged with the World Economic Forum on their agriculture agenda in India. He is a thought leader in the space of Agriculture and Food and is consulted by central and state governments for his views in these fields. He supports and mentors start-ups in the space of Food and Agriculture. He has been closely associated with the cause of food security and nutrition. He has been one of the founders of the United Way Delhi chapter and India Food Banking Network.

Current external appointments:

He is presently the Managing Director & CEO of National Collateral Management Services Ltd. (NCML), a Fairfax company. He is also on the Boards of Tata Coffee Ltd. as an Independent Director and as a Director on the Boards of NCML Agribusiness Consultants Private Ltd., NCML Mktyard Private Ltd., NCML Finance Private Ltd. And Arboreal Bioinnovations Private Ltd.

MR. BHARAT PURI

Independent Director

Appointment: 7th May 2019

Experience: He is the Managing Director of Pidilite Industries Ltd. He started his career with Asian Paints in 1982 and rose to head Sales & Marketing. He moved to Cadbury India as Director of Sales & Marketing in 1998 and was appointed its Managing Director in 2002. He has held senior leadership positions in Sales, Marketing and General Management at the regional and global level, culminating in his becoming Global President Chocolates, Gum and Candy for Mondelez International. He has been a successful global business leader, who has built, energised and led diverse teams across numerous geographies.

Current external appointments:

He is the Managing Director of Pidilite Industries Ltd. He is also a Director on the Boards of ICA Pidilite Private Ltd., Tata Consumer Products UK Group Ltd. and Tata Consumer Products GB Ltd.

MRS. SHIKHA SHARMA

Independent Director

Appointment: 7th May 2019

Experience: She was the Managing Director and CEO of Axis Bank, India's third largest private sector bank, from June 2009 up to December 2018. As a leader adept at managing change, she led the Bank on a transformation journey from being primarily a corporate lender to a bank with a strong retail deposit franchise and a balanced lending book. She has more than three decades of experience in the financial sector, having begun her career with ICICI Bank Ltd. in 1980.

During her tenure with ICICI Bank, she was instrumental in setting up ICICI Securities. As Managing Director and CEO of ICICI Prudential Life Insurance Company Ltd., she led the company to become the No.1 private sector life insurance company in India.

She was a member of RBI's Technical Advisory Committee, RBI's Panel on Financial Inclusion, the Committee on Comprehensive Financial Services for Small Businesses and Low-Income Households. She has chaired CII's National Committee on Banking 2015-2017. She has a demonstrated track record of building successful and enduring businesses, deep understanding of business through data and analytics and has built businesses based on consumer insight and technology execution.

Current external appointments: She is also an independent director on the Boards of Ambuja Cements Ltd., Mahindra and Mahindra Ltd, Tech Mahindra Ltd, Dr Reddy's Laboratories Ltd. She is a member of the Board of Governors of IIM Lucknow, a member of the Advisory Board of Bridgespan and an advisor to several companies.

MR. SUNIL D'SOUZA

Managing Director & CEO

Appointment: 4th April 2020

Experience: In his previous role, he served as Managing Director of Whirlpool India Ltd. for over four years. Prior to this, he spent almost 15 years at PepsiCo, where he held several leadership roles. During his stint at PepsiCo, he handled all commercial aspects of the company's food and beverage portfolio and successfully led the business in a large cluster of Asian countries. He began his career at Hindustan

Unilever Ltd. in 1993. With over 26 years of rich experience, he has strong domain knowledge of the consumer products business with distinct focus on strategy, growth and execution.

He is an engineering graduate from the University of Madras and holds a post-graduate diploma in management from the Indian Institute of Management, Calcutta.

Current external appointments:

He is also a Director on the Boards of Tata Starbucks Private Ltd. and several other Tata Consumer group companies.

MR. L. KRISHNAKUMAR

Executive Director & Group CFO

Appointment: He joined as the Head of the Finance function of erstwhile Tata Tea in India in 2004 and has handled different roles in the Company in India and the UK.

Experience: He started his career with A. F. Ferguson and Co., where he worked as a Senior Consultant with their management consultancy division. He subsequently worked with Larsen and Toubro Ltd., a diversified conglomerate, in a variety of areas and was lastly in their corporate office as General Manager, Finance, before joining the Tata group. He is a member of the Institute of Chartered Accountants of India, Institute of Cost Accountants of India and Institute of Company Secretaries of India and has diverse experience in consulting, manufacturing, service and consumer industries.

Current external appointments: He is also a Director on the Boards of Tata Starbucks Ltd., NourishCo Beverages Ltd. and several of the Company's overseas subsidiaries. Mr. D'Souza is the Managing Director & CEO of Tata Consumer.

In his previous role, he served as the Managing Director of Whirlpool India Ltd. for four years. Prior to that, he spent almost fifteen years at PepsiCo, where he held several leadership roles. During his stint at PepsiCo, he handled all commercial aspects of the company's food and beverage portfolio and successfully led the business in a large cluster of Asian countries.

He began his career at Hindustan Unilever Ltd. in 1993. With over 26 years of rich experience, he has strong domain knowledge of the consumer products business with distinct focus on strategy, growth and execution.

He is an engineering graduate from the University of Madras and holds a post-graduate diploma in management from the Indian Institute of Management, Calcutta.

Mr. KrishnaKumar started his career with A. F. Ferguson and Co. and subsequently worked with Larsen and Toubro Ltd. He joined the Tata group in 2000 in the Hotels business and thereafter took over as the erstwhile Tata Tea's Head of Finance in 2004. Currently, he is the Executive Director and Group CFO. He leads the Global Finance, Strategy and M&A, Investor Relations, Global Legal and Internal Audit functions. He is a Director on the Boards of Tata Starbucks Ltd., NourishCo Beverages Ltd. and several of the Company's overseas subsidiaries.

Mr. Krishnakumar has 20 years of global work experience, which includes responsibilities for strategy, corporate finance and M&A across a number of industries. He joined the Company as Chief Operating Officer in January 2020. He is responsible for the India Product Supply Organization (procurement, manufacturing, supply chain and logistics), Tea Buying and Blending, Quality Assurance, New Business Ventures and Integration, and Transformation management. In his previous role, he was Senior Vice President, Tata Sons in the Group Chairman's office, leading strategy for consumer businesses.

He has also worked with Bank of America Merrill Lynch and Rothschild & Co., among others. He holds an MBA from the University of Michigan, Ann Arbor and a BBA from the University of Hartford, Connecticut.

Mr. Chincholikar has been with the Tata group since 2010. Prior to joining Tata Consumer, he was with Tata Sons as Senior Vice President Group Human Resources. He has also worked in organisations such as Mercer Consulting and Aditya Birla Group in leadership roles in India, USA and Singapore.

In his current role, he leads the people strategy as well as the sustainability strategy, commitment and execution for the global organisation. He holds a post-graduate degree from the Symbiosis Institute of Business Management, Pune and is a graduate in Statistics and Operations Research from the University of Mumbai.

Mr. Ahmad joined in 2015 as the Global Chief Marketing Officer. He has played a key role in developing a strong portfolio of global brands with a focus on overall brand health, profitability and premiumisation. In his current role, he is responsible for driving Tata Consumer's growth in the international markets of Europe, USA and Canada. Prior to joining, he has had a 20-year career with Reckitt Benckiser, holding leadership positions across the UK, India, the Middle East and East Asia, in both strategic and operational roles. He is a graduate from St Stephens College, Delhi and holds an MBA degree from Case Western University, Cleveland, Ohio, USA.

Mr. Dash is responsible for driving the growth strategy and outcomes including innovations for the Packaged Beverages category in India and for the overall business in Bangladesh and the Middle East. He has successfully handled various strategic and operational roles for the Company. Some of his previous roles include Marketing Head for India, Team Leader of a Venture Team based in the UK and Senior Director Marketing and Business Development for Tata Starbucks. He has also worked for ORG Marg in various capacities in Consumer and Market Research. Prior to this, he was the Global Brand Director of Tata Consumer.

Ms. Arora joined the Foods business in 2014 to lead the transformation of this vertical. She will drive the growth strategy and outcomes, including innovations for the Packaged Foods category in India. She has over 30 years of wide-ranging experience spanning Business Operations, Marketing, Strategic Planning and Communications. In her previous role, she had set up Five by Six Consulting a boutique strategic marketing consulting firm, advising companies like McCain Foods, Britannia and Wipro (Consumer). Prior to this, she worked as Head of Marketing & Innovation at Britannia and in leadership positions at Balsara and FCB-Ulka. She has an MBA from IIM Ahmedabad and is a Chevening scholar from the London School of Economics.

Mr. Grover leads NourishCo, a wholly-owned subsidiary of Tata Consumer. NourishCo provides meaningful hydration solutions in the non-carbonated, ready-to-drink beverages segment in India and around the world.

He joined Tata Consumer as Marketing Head for South Asia in 2010 and has played a key role in achieving several milestones for the Company's branded tea business in India. Prior to this, he has worked with Unilever, holding significant roles such as Global Strategy and Archetypes Director for Beverages and Country Head for Beverages in India.

He has an MBA degree in Marketing from the Indian Institute of Management, Kolkata, and is an engineering graduate from Punjab Engineering College, Chandigarh.

Mr. Kar is Head, Sales (India) for all channels for the combined Foods and Beverages portfolio. He joined Tata Consumer in August 2019. He has over 20 years of experience in Sales, Marketing & Category

Management. He started his career as a graduate engineer with Tata Motors (erstwhile Tata Engineering) and worked in the Automobile and Construction Equipment businesses.

After his MBA, he joined ITC Ltd. and worked with them for 16 years in various roles spanning Sales and Marketing. His interest areas include strategy, innovation and sales transformation.

He holds an MBA in Marketing & Finance from XLRI Jamshedpur. He also holds a Bachelor of Engineering degree in Mechanical Engineering, from Delhi College of Engineering.

Mr. Sony joined the Company in 2017. He is responsible for the development and deployment of strategies and the delivery of new businesses/acquisitions/alliances to drive the sustainable, profitable growth agenda of the Company. He also oversees the Investor Relations function of the Company. He has over 22 years of experience and has held key leadership roles in the private equity and investment banking world. He was the Director and India Head of Proterra Investment Partners and Partner at Motilal Oswal PE Fund. Before that, he successfully co-founded an investment bank. He has led multiple M&A deals and successful investments in the food and consumer space in India and has assisted companies in their strategic transformation processes. He is a Chartered Accountant and a graduate from St. Xavier's College, Kolkata.

Mr. Gupta is Global Head of R&D for Tata Consumer and is responsible for leading the R&D function and processes across Packaged Beverages, Packaged Foods and RTD Beverages. He joined Tata Consumer as Head of Product Innovation for India in 2013 and subsequently moved into the role of Head of Global NPD for the Beverages business. During his tenure with the Company, he has played a key role in achieving successful launches of Innovation projects across global markets.

Vikas brings with him the diverse experience of the food and beverage industry with demonstrated leadership capabilities in NPD, cost innovation and supply chain to develop and launch innovation projects. Before joining Tata Consumer, he has worked in GlaxoSmithKline Consumer Healthcare Ltd. and Unilever India Ltd.

He has a Master's degree in Food Technology from the Central Food Technology Research Institute, Mysuru. With over 27 years of experience, Mr. Thomas was appointed Managing Director & CEO of Tata Coffee, effective 1st April 2019. Previously, he served as Executive Director and Deputy CEO of Tata Coffee, where he was directly responsible for the overall delivery of the plantation transformation and instant coffee agenda.

In his previous assignment, he was associated with Kanan Devan Hills Plantation Company (KDHP) since its inception. KDHP is South India's largest tea plantation company and an associate company of TGB.

He joined the erstwhile Tata Tea in 1992 as Assistant Manager and rose to the position of MD of KDHP in 2012. Under his leadership, KDHP was awarded ‘The Best Company for Employee Involvement & Participation' in India for 2015. He remains a Director on the Board of KDHP and serves on various boards of industry associations.

He has a degree in Computer Science from the University of Jodhpur and has completed an Advanced Management Programme from INSEAD France.

To the Members of Tata Consumer Products Limited

The Directors present the Annual Report of Tata Consumers Products Limited (formerly Tata Global Beverages Limited) along with the audited financial statements for the financial year ended March 31, 2020. The consolidated performance of the Company and its Subsidiaries, Associates and Joint-Venture Companies has been referred to wherever required.

FINANCIAL RESULTS

Particulars Consolidated Standalone
2019-20 2018-19 2019-20 2018-19
Revenue from Operations 9,637 7,252 5,690 3,430
Profit before exceptional items and taxes 1,084 768 781 576
Exceptional items (net) (275) (33) (52) -
Profit before tax 809 735 729 576
Provision for tax (274) (261) (206) (165)
Profit after tax 535 474 524 411
Share of net profit/(loss) in Associates and Joint Ventures (75) (17) - -
or the year f Profit 460 457 524 411
Attributable to:
Owners of the parent 460 408 524 411
Retained Earnings - Opening Balance 5,667 5,375 2,784 2,552
Add /(Less)
Profit for the year 460 408 524 411
Other Comprehensive Income/(Expense) 23 66 (21) 3
Dividend* (190) (178) (186) (183)
Other items (58) (4) 35 1
Retained Earnings - Closing Balance 5,902 5,667 3,136 2,784

*This includes Dividend Tax paid on Dividend declared in FY 2018-19. The tax on Dividend proposed for FY 2019-20 is payable by the shareholders.

DIVIDEND

Your Directors are pleased to recommend for the approval of the shareholders a dividend of Rs. 2.70 per equity share of the Company of Re. 1 each (270%) for the year ended March 31, 2020.

The Board recommended dividend based on the parameters laid down in the Dividend Distribution Policy.

Pursuant to Regulation 43A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), the dividend distribution policy duly approved by the Board has been put up on the website of the Company and can be accessed at the link: http:// www.tataconsumer.com/docs/default-source/default-document-library/tgbl-dividend-policy342ebc881a2368c aa65dff02001c5be1.pdf?sfvrsn=0 .

The dividend on Equity Shares fully paid is subject to the approval of the Shareholders at the Annual General Meeting ("AGM") scheduled to be held on Monday, July 6, 2020. The dividend once approved by the Shareholders will be paid on or after July 8, 2020.

If approved, the dividend would result in a cash outflow of Rs. 248.82 Crore. The total dividend pay-out works out to 47.5% (Previous Year: 45.5%) of the Company's standalone net profit.

The Register of Members and Share Transfer Books of the Company will remain closed from June 22, 2020 to June 29, 2020 (both days inclusive) for the purpose of payment of the dividend for the Financial Year ended March 31, 2020 and the AGM. Pursuant to the Finance Act, 2020, dividend income will be taxable in the hands of the Shareholders w.e.f. April 1, 2020 and the Company is required to deduct tax at source ("TDS") from dividend paid to the Members at prescribed rates as per the Income Tax Act, 1961.

TRANSFER TO RESERVES

The Board of Directors have decided to retain the entire amount of profit for FY 2019-20 in the profit and loss account.

COMPANY'S PERFORMANCE

During the year under review, the Company has completed the acquisition of the Consumer Products Business (India Foods business) from Tata Chemicals Limited ("TCL"). Further details relating to this acquisition are given in a subsequent section of this Board report. The Company also acquired the branded business of Dhunseri Tea and Industries Limited which includes the leading local brands in Rajasthan, India ‘Lal Ghora' and ‘Kala Ghora'.

The Consolidated and Standalone numbers, accordingly, includes the impact of these acquisitions.

CONSOLIDATED PERFORMANCE

The Consolidated Revenues at Rs. 9,637 Crore reflect an increase of 33% mainly due to the inclusion of India Foods business. On a like to like basis, Revenue from operations from the beverages business at Rs. 7,573 Crore recorded a growth of 4% mainly due to improvement in branded business and in the Non-Branded business mainly due to commencement of instant coffee sales from Vietnam.

Profitbefore exceptional items at Rs. 1,084 Crore includes the impact of acquisition of the Foods business and improved performance of the branded beverage business arising from gross margin improvements and good control of spends partially offset by higher spends behind brands. The non-Branded business has performed marginally behind previous year, mainly due to underperformance in Coffee plantations partially offset by improvement in pepper plantation and commencement of operations in Vietnam.

The Consolidated Profit after tax at Rs. 535 Crore recorded a growth after absorbing the impact of exceptional items.

The Group Net Profit for the year remained flatwhile Group Net Profits net of minority interest at Rs. 460 Crore recorded a growth of 13% as compared to the previous year. Exceptional items for the year primarily relate to costs arising out of the acquisition of the food business and non-cash impairment loss on goodwill relating to the branded businesses in Australia and tea business in the US. The accounting impairment has been recognised due to a combination of factors like COVID - 19 related impact on specific out of home business segments, changes in discount rates due to market conditions and revision in business plan sensitivities.

STANDALONE PERFORMANCE

The Standalone Revenues at Rs. 5,690 Crore reflect an increase of 66% mainly due to the inclusion of India Foods business. On a like to like basis, the Revenue from the Beverages business at Rs. 3,626 Crore recorded a growth of 6% during the year under review. The growth is mainly attributable to volume and value growth across all major brands in its portfolio coupled with the benefit of completion of acquisition of the local branded business in Rajasthan. However, it is to be noted that the performance in India during March 2020 was impacted by the lockdown declared on account of COVID - 19 pandemic. Profit before exceptional items at Rs. 781 Crore was favorably impacted by the acquisition of the India Foods business and improved performances in branded beverages business arising from gross margin improvements partially offset by higher spends behind brands. Profit after tax at Rs. 524 Crore after absorbing impact of exceptional items reflects a growth of 27%.

IMPACT OF COVID-19 ON THE PERFORMANCE

Commencing from the second half of March 2020, COVID-19 pandemic had an impact on the Indian and International business environment. The Company along with its subsidiaries and affiliates continued to manufacture and supply essential food and beverage items in the relevant markets. The demand for the Group's products for in-home consumption continues with some short term stocking up. However, extended lock down conditions have caused some adverse impact on sales due to disruptions in market openings and supply chain with impact being more pronounced in out-of-home sectors. Impact on future operations would to a large extent depend on how the pandemic develops and the resultant impact on businesses.

SCHEME OF ARRANGEMENT FOR THE DE-MERGER OF CONSUMER PRODUCTS BUSINESS OF TATA CHEMICALS LIMITED INTO THE COMPANY

Pursuant to the Scheme of Arrangement amongst Tata Chemicals Limited ("TCL") and the Company and their respective shareholders and creditors ("Scheme") under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 ("ACT") duly sanctioned by the Hon'ble National Company Law Tribunal, Kolkata and Mumbai Bench vide Orders dated January 8, 2020 and January 10, 2020 respectively, TCL demerged its Consumer Products Business and the same is vested with the Company with effect from Appointed Date i.e. April 1, 2019. The Scheme came into effect on February 7, 2020, i.e. the day on which both the Orders were filed with the respective Registrar of Companies, and pursuant thereto the entire Consumer Products Business and all the assets and liabilities, duties and obligations as mentioned under the Scheme have been transferred to and vested in the Company with effect from April 1, 2019.

As per the provisions of the Scheme of Arrangement, your Company has issued and allotted 29,04,21,986 equity shares of Re. 1 each to the eligible shareholders of TCL who held shares as on Record Date i.e. as on March 5, 2020. The allotment of the said shares were approved by the Scheme Implementation Committee of the Board at their meeting held on March 11, 2020. The Company had received the in-principle listing approval of the aforementioned shares from BSE Limited (BSE), The National Stock Exchange of India Limited (NSE) and The Calcutta Stock Exchange Limited (CSE) vide their respective letters dated March 18, 2020, March 19, 2020 and March 20, 2020.

However, due to the outbreak of COVID-19, and the lock down announced by the State and the Central Governments, the Company could not print and dispatch share certificates to the shareholders holding shares of the Company in Physical form. In the interest of the shareholders, your Company credited the shares held in Dematerialised form. The trading approval in respect of 28,50,25,471 equity shares of Re. 1 each was received from NSE and BSE vide their respective letter dated March 31, 2020 and from CSE vide its letter dated April 30, 2020. The shares were admitted for trading w.e.f. April 1, 2020 on NSE and BSE whereas on CSE the shares were admitted for trading w.e.f. May 4, 2020. The Company will complete the process of printing and dispatch of the physical share certificates (constituting 1.8% of the total newly issued shares pursuant to the Scheme) to the shareholders after the lockdown restrictions are eased and will also seek the permission from the exchanges for the trading of these shares.

Post the above allotment of shares, the paid-up share capital of the Company had increased to Rs. 92.16 Crore comprising of 92,15,51,715 equity shares of Re. 1 each (previously Rs. 63.11 Crore comprising of 63,11,29,729 equity shares of Re. 1 each).

Pursuant to the Scheme of Arrangement, the following key events took place in the Company during Financial Year 2019-20:

(i) Change in Name of the Company

Pursuant to the above Scheme, an application was made to the Office of the Registrar of Companies ("ROC"), West Bengal for issue of a fresh Certificate of Incorporation for change of name of the Company from Tata Global Beverages Limited to Tata Consumer Products Limited. Accordingly, ROC issued a fresh Certificate of Incorporation which was made effective from February 10, 2020. Accordingly, the name of the Company was changed from Tata Global Beverages Limited to Tata Consumer Products Limited effective February 10, 2020.

(ii) Increase in Authorized Share Capital of the Company

The authorised share capital of the Company increased from Rs. 110,00,00,000 (Rupees One Hundred and Ten Crore) to Rs. 125,00,00,000 (Rupees One Hundred and Twenty-Five Crore) divided into 125,00,00,000 (One Hundred and Twenty-Five Crore) Equity Shares of Re. 1 (Rupee One) each.

(iii) Alteration to Memorandum & Article of Association of the Company

Pursuant to above Scheme, the Memorandum and Articles of Association (‘MoA and AoA') of the Company stands amended as follows:-

  1. ‘Name Clause' due to change in name to Tata Consumer Products Limited from Tata Global Beverages Limited.
  2. ‘Object Clause' due to additions/alterations in objects of the Company to include the objects for carrying on the business activities of the Consumer Products Business of Tata Chemicals Limited.

c) ‘Share Capital Clause' due to increase in the Authorised Share Capital of the Company to Rs. 125 Crore from Rs. 110 Crore.

CHANGES IN SHARE CAPITAL

During the year under review, the authorised share capital of the Company increased to Rs.125,00,00,000 (Rupees One Hundred and Twenty-Five Crore) divided into 125,00,00,000 (Rupees One Hundred and Twenty-Five Crore) Equity Shares of Re. 1 (Rupee One) each and the paid-up Equity Share Capital as at March 31, 2020 is Rs. 92,15,51,715 comprising of 92,15,51,715 equity shares of Re. 1 each. During FY 2019-20, your Company has neither issued any shares with differential voting rights nor has granted any stock options or sweat equity.

As on March 31, 2020, none of the Directors or the Key Managerial Personnel of the Company holds instruments convertible into equity shares of the Company.

SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE COMPANIES

As defined under the Act, the Company has 39 subsidiaries, 3 associates and 5 joint venture companies. There has been no material change in the nature of the business of the subsidiaries.

Pursuant to Section 129(3) of the Act, the consolidated financial statements of the Company and its subsidiaries, associates and joint ventures, prepared in accordance with the relevant Accounting Standard specified under of the Act, and the rules thereunder form part of this Annual Report. A statement containing the salient features of the financial statements of the Company's subsidiaries, associates and joint ventures in Form AOC-1 is given in this Annual Report. Further, pursuant to the provisions of Section 136 of the Companies Act, 2013, the audited financial statements along with other relevant documents, in respect of subsidiaries, are available on the website of the Company, in the link https://www.tataconsumer. com/investors/investor-relations/subsidiaries/subsidiary-financials

The details of the business of some of the subsidiaries, associates and joint ventures during FY 2019-20 are given in the Management Discussion and Analysis ("MD&A") attached.

The Company has revised the policy for determining material subsidiaries in terms of Regulation 16(1)(c) of then Listing Regulations, as amended from time to time. The policy as approved may be accessed on the Company's website at the link https://www.tataconsumer.com/docs/ default-source/default-document-library/policy-on-material-subsidiary.pdf?sfvrsn=0 .

PERFORMANCE HIGHLIGHTS OF KEY OPERATING SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES

Subsidiaries

Tata Consumer Products UK Group Ltd, UK (TCPG), substantially reflects the financial performance of the Tetley business and a few other international brands. Revenue from operations, in underlying terms and excluding the impact of the Czech Business exit, was flat as compared to the prior year. While decline in everyday black tea category and higher competitive intensity in some markets continue, sales increases were experienced in other markets. In developed markets where TCPG operates, everyday black tea category is in decline with growth in non-black tea categories and our focus is to increase our presence in these growing categories.

UK and Canada, which are large markets for TCPG, recorded a good growth in volumes whereas adverse performances were experienced in markets like US, Australia and Europe (excluding UK). Most of the countries reflected good retail sales in the last month of the fiscal due to short term stocking up resulting from COVID-19 pandemic. However, our Food service and Out-of-Home businesses mainly in US and Australia have been impacted due to the lockdown. Profit before tax and exceptional items reflects a robust increase mainly due to gross margin expansion, lower promotional spends and good control over spends offset partially by higher investment behind brands. Exceptional items include restructuring costs and non-cash impairment loss on goodwill relating to the branded businesses in Australia and tea business in the US. The accounting impairment arose due to a combination of factors like COVID-19 related impact on specific out-of-home business discount rates due to market conditions and revision in business plan sensitivities.

Further, during the year, TCPG has increased its shareholding in Kahutara Holdings Limited from 65% to 100% at a nominal value to rationalize the holding structure earlier created for the Russian business, from which we exited a couple of years back.

Tata Coffee Limited reported marginally improved revenue from operations. The improvement in turnover is mainly due to improved volume in coffee plantations and instant coffee. The profit before tax was impacted due to underperformance primarily in coffee plantations, impact of lockdown associated with COVID-19 pandemic and lower realization in Coffee extraction business which were partially offset by increased profitability from pepper crop. Profit after tax, however, is marginally higher as compared to previous year mainly due to reduction of tax rates in India.

Tata Coffee Vietnam Company Limited, 100% subsidiary of Tata Coffee Limited, which has a state-of-the-art freeze-dried instant coffee plant with an annual capacity of 5000MT, has started commercial operations in May'2019. The company has successfully stabilized its operations and has continuously improved its capacity utilization quarter on quarter, throughout the year. Freeze Dried coffee is a growing segment worldwide in the premium Instant Coffee Segment. The business generated revenue of Rs. 126 Crore during the year FY 2019-20.

Eight O'Clock Coffee Limited (EOC), US Revenue growth was flat as compared to prior year mainly due to improvements in private label sales offset by underperformance in K-Cup sales. However, profits before tax and profit after tax is higher as compared to the previous year mainly due to gross margin expansion coupled with lower weight of promotions and lower advertisement expenditure.

Tata Tea Extractions Inc. US, had a stable performance as compared to the previous year notwithstanding the impact of the COVID 19 pandemic. For the year ended Marchprofitsare 31, in line 2020, sales and operating with the previous year. However, Profit After Tax was marginally impacted because of lower dividend income received during the year.

Associates

Amalgamated Plantations Private Limited ("APPL"), India - Revenue for the year is higher by 3% aided by higher orthodox tea sales (volumes and realisation) whereas CTC recorded lower sales. The operating loss in APPL has reduced due to better sales realisations achieved. The company has reported a loss due to the high debt levels and resultant finance costs. Various restructuring options are being evaluated.

Kanan Devan Hills Plantations Company Private Limited ("KDHP"), India - Revenue from operations is flat against previous year, mainly due to lower volumes offset by improved realization. However, Profit before tax has reduced as compared to the previous year primarily due to higher employee costs. The crop production for the year was impacted by extensive frost damage followed by drought conditions earlier during the year.

Tata Starbucks Private Limited our joint venture with Starbucks Corporation, reflected a growth of 21% for the year due to sales growth in stores coupled with store expansion. The sales growth was however subdued on account of the COVID-19 pandemic which resulted in store close-down across cities. During the year, Tata Starbucks has added 39 stores taking the overall count to 185 stores as at March 31, 2020. Tata Starbucks is now present in 11 cities across India. The business achieved high store growth across formats airports, highways and smaller footprint stores. Profitability was adversely reversal of deferred tax assets due to tax rate changes, implementation of the new accounting standard for leases and also to some extent by the impact of lockdown associated with COVID-19 pandemic, whereas previous year had a benefit arising from recognition of deferred tax assets.

After the year end, post the relaxation in the lockdown conditions, more than 30 stores in Mumbai, Delhi, NCR, Bengaluru, Chennai, Pune, Kolkata and Surat have opened for delivery and takeaway.

NourishCo Beverages Limited, our 50:50 Joint Venture with Pepsico in India, reported a lower revenue as compared to the previous year mainly due to the COVID-19 related disruptions and rationalization of product range. However, profitability has been maintained at previous years' levels due to good cost management. The Company has initiated the process for exiting the Joint-Venture arrangement and for the buy-out of the other JV partner stake in this company.

Companies which have become or ceased to be Subsidiaries, Associates and Joint Ventures

During the FY 2019-20, Coffee Trade LLC, the Company's step-down subsidiary, which was incorporated as part of restructuring of operations in Russia, was under liquidation consequent to completion of the restructuring. Tata Consumer Products Overseas Holdings Limited, UK the Company's subsidiary disposed of 100% of the equity shareholding in Tata Global Beverages Czech Republic a.s. No other company became or ceased to be a subsidiary, joint venture or associate during FY 2019-20.

The names of the following subsidiaries were changed during the year 2019-20 and till date of this report: controls

  1. Tata Consumer Products UK Group Limited from Tata Global Beverages Group Limited.
  2. Tata Consumer Products GB Limited from Tata Global Beverages GB Limited.
  3. Tata Consumer Products Capital Limited from Tata Global Beverages Capital Limited.
  4. Tata Consumer Products Overseas Holdings Limited from Tata Global Beverages Overseas Holdings Limited.
  5. Tata Consumer Products US Holdings Inc from Tata Global Beverages US Holdings Inc.
  6. Tata Consumer Products Canada Inc from Tata Global Beverages Canada Inc.

g) Tata Consumer Products Australia Pty. Limited from Tata Global Beverages Australia Pty. Limited. For further analysis on the consolidated performance, attention is invited to the section on Management Discussion and Analysis, notes to the consolidated financial statements and Form AOC 1.

MATERIAL CHANGES AND COMMITMENT AFFECTING THE FINANCIAL POSITION

There are no material changes affecting the financial position of the Company subsequent to the close of the FY 2019-20 till the date of this report.

INTEGRATED REPORT

The Integrated reporting by the Company is in line with the Integrated Reporting framework developed by the International Integrated Reporting Council. The Company aims to enhance its reporting in line with the framework in a phased manner.

DIRECTORS' RESPONSIBILITY STATEMENT

Based on the framework of internal financial controls and compliance systems established and maintained by the Company, work performed by the internal, statutory, cost and secretarial auditors and external agencies including audit of internal financial controls over financial reporting by the statutory auditors and the reviews performed by the management and the relevant Board Committees, including the Audit Committee, the Board is of the opinion were that the Company's internal financial adequate and operating effectively during the financial year 2019-20.

Pursuant to Section 134(5) of the Companies Act, 2013, the Board of Directors, to the best of their knowledge and ability, confirm that for the financial year 2020:

(i) In the preparation of the accounts, the applicable accounting standards have been followed and that there are no material departures;

(ii) They have selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the

Company at the end of the financial year and of the profits of the

(iii) They have taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the Company and for preventing and detecting fraud and other irregularities;

(iv) They have prepared the accounts on a ‘going concern basis;

(v) forThey have laid down internal financial the Company which are adequate and are operating effectively;

(vi) They have devised proper systems to ensure compliance with the provisions of all applicable laws and such systems are adequate and are operating effectively.

DIRECTORS AND KEY MANAGERIAL

PERSONNEL

Mr. Sunil D'souza was appointed as Additional Director and Managing Director and Chief Executive Officer with effect from April 4, 2020 for 5 years. A resolution seeking shareholders' approval for approving his appointment and terms of appointment including remuneration, forms part of the Notice of the ensuing Annual General Meeting.

Mr. Harish Bhat (DIN 00478198) retires by rotation and being eligible, offers himself for re-appointment. A resolution seeking shareholders' approval for his re-appointment forms part of the Notice of the ensuing Annual General Meeting.

The members in the last Annual General Meeting held on June 11, 2019 have appointed Mr. Bharat Puri (DIN 02173566) and Mrs. Shikha Sharma (DIN 00043265) as Independent Directors for a period of 5 years i.e. from May 07, 2019 to May 06, 2024 The Independent Directors were appointed by the Board, based on recommendation of the Nomination and Remuneration Committee, after duly considering the integrity, experience and expertise of the Directors. The Board has also re-appointed Mr. Ajoy Misra as a Managing Director and Chief Executive Officer for a period of one year i.e. from April 1, 2019 to March 31, 2020.

During the year, under review Mr. V. Leeladhar (DIN 02630276), Mrs. Ranjana Kumar (DIN 02930881) and Mrs. Mallika Srinivasan (DIN 00037022) ceased to be Independent Directors with effect from close of business hours on August 25, 2019 due to completion of their respective terms to the office of directors of the Company. The Board places on record its appreciation for their invaluable contribution and guidance.

Mr. Ajoy Misra has retired as Managing Director and CEO of the Company on March 31, 2020. The Board placed on record its appreciation for the valuable services rendered by Mr. Ajoy Misra during his tenure as Managing Director and CEO of the Company.

During the year under review, the non-executive directors of the Company had no pecuniary relationship or transactions with the Company, other than sitting fees, commission and reimbursement of expenses incurred by them for the purpose of attending meetings of the Board/ Committee(s) of the Company.

Pursuant to the provisions of Section 203 of the Act, the KMPs of the Company as on March 31, 2020 were; Mr. Ajoy Misra, Managing Director & CEO, Mr. L. Krishnakumar, Executive Director & Group CFO, Mr. John Jacob, Chief Financial officer and Mr. Neelabja Chakrabarty, Company Secretary. However, consequent upon retirement of Mr. Ajoy Misra at the close of business hours on March 31, 2020, and Mr. Sunil D'Souza being inducted as Managing Director & CEO effective April 4, 2020, the KMPs of the Company as on the date of this report are Mr. Sunil D'souza, Managing Director & CEO, Mr. L. Krishnakumar, Executive Director & Group CFO, Mr. John Jacob, Chief Financial Officer and Mr. Neelabja Chakrabarty, Company Secretary.

Apart from the above, no other person was appointed or had ceased to be the Director or key managerial personnel of the Company during FY 2019 - 20.

Brief particulars and expertise of directors seeking appointment/re-appointment together with their other directorships and committee memberships have been given in the annexure to the Notice of the AGM in accordance with the requirements of the Listing Regulations and Secretarial Standards.

BOARD OF DIRECTORS AND MEETINGS

The members of the Company's Board of Directors are eminent persons of proven competence and integrity. Besides experience, strong financial astuteness and leadership qualities, they have a significant degree of commitment towards the Company and devote adequate time to the meetings and preparation. In terms of requirement of Listing Regulations, the Board has identified core skills, expertise and competencies of the Directors in the context of the Company's businesses for effective functioning, which are detailed in the Corporate Governance Report.

The Board meets at regular intervals to discuss and decide on Company / business policy and strategy apart from other Board business. The Board exhibits strong operational oversight with regular presentations in quarterly meetings. The Board / Committee meetings are pre-scheduled and a tentative annual calendar of the Board and Committee meetings is circulated to the Directors well in advance to help them plan their schedule and ensure meaningful participation in the meetings. Only in case of special and urgent business, if the need arises, the Board's/Committee's approval is taken by passing resolutions through circulation or by calling Board/Board Committee meetings at short notice, as permitted by law. The Company has complied with Secretarial Standards issued by the Institute of Company Secretaries of India on Board meetings and Annual General Meetings.

The agenda for the Board and Committee meetings includes detailed notes on the items to be discussed to enable the Directors to take an informed decision.

The Board of Directors had held 7 (seven) meetings during FY 2019-20. For further details, please refer to the Corporate Governance Report, which forms part of this Annual Report. The intervening gap between the meetings was within the period prescribed under the Act and the Listing Regulations.

INDEPENDENT DIRECTORS' DECLARATION

The Independent Directors have submitted a declaration that they meet the criteria of independence and that they are not aware of any circumstance or situation, which exist or may be reasonably anticipated, that could impair or impact their ability to discharge their duties with an objective independent judgment and without any external influence, pursuant to Regulation 25 of the Listing Regulations.

Further, declaration on compliance with Rule 6(3) of the Companies (Appointment and Qualification of Directors) Rules, 2014, as amended by Ministry of Corporate Affairs ("MCA") Notificationdated October 22, 2019, regarding the requirement relating to enrollment in the Data Bank created by MCA for Independent Directors, has been received from all the Independent Directors.

Pursuant to the provisions of Section 149 of the Act, the independent directors have submitted declarations that each of them meet the criteria of independence as provided in Section 149(6) of the Act along with Rules framed thereunder and Regulation 16(1)(b) of Listing Regulations. In terms of Regulation 25(8) of the Listing Regulations, the Independent Directors have confirmed that they are not aware of any circumstance or situation which exists or may be reasonably anticipated that could impair or impact their ability to discharge their duties.

Based on the confirmation / disclosures received from the Directors, the following Non-Executive Directors are Independent as on March 31, 2020:

1) Mr. Bharat Puri

2) Mrs. Shikha Sharma

3) Mr. S. Santhanakrishnan

4) Mr. Siraj Azmat Chaudhry

COMMITTEES OF THE BOARD

The Company has seven Board Committees as on March 31, 2020:

1) Audit Committee

2) Nomination and Remuneration Committee

3) Stakeholders Relationship Committee

4) Risk Management Committee

5) Corporate Social Responsibility Committee

6) Executive Committee

7) Scheme Implementation Committee

During FY 2019 20, Ethics & Compliance Committee and Committee was merged with the Board. The Scheme Implementation Committee, being a Special Committee formed for implementation of the Scheme of Arrangement with Tata Chemicals Limited, has been dissolved after the allotment of shares pursuant to the Scheme in March 2020.

Details of all the Committees along with their main terms, composition and meetings held during the year under review are provided in the Report on Corporate Governance, a part of this Annual Report.

SELECTION AND PROCEDURE FOR NOMINATION AND APPOINTMENT OF DIRECTORS

The Company has a Nomination and Remuneration Committee ("NRC") which is responsible for developing competency requirements for the Board, based on the industry and strategy of the Company. The Board composition analysis reflects an in-depth understanding of the Company, including its strategies, environment, operations, financial condition and compliance requirements.

The NRC makes recommendations to the Board in regard to appointment /re-appointment of Directors and Key Managerial Personnel ("KMP"). The role of the NRC encompasses conducting a gap analysis to refresh the Board on a periodic basis, including each time a Director's appointment or re-appointment is required. NRC is also responsible for reviewing the profiles of potential candidates vis-a-vis the required competencies, undertake a reference and due diligence and meeting of potential candidates prior to making recommendations of their nomination to the Board. The appointee is also briefed about the specific requirements for the position including expert knowledge expected at the time of appointment.

The Nomination & Remuneration policy of the Company is available at: https://www.tataconsumer.com/investors/ policies?reload. The Company's governance guidelines on Board effectiveness cover aspects relating to composition and role of the Board, Chairman and Directors, Board diversity, term of Directors, retirement age and Committees of the Board. The guidelines also cover key aspects relating to nomination, appointment, induction and development of Directors, Directors remuneration, oversight on subsidiary performances, code of conduct, Board effectiveness reviews and various mandates of Board committees. As per the Governance Guidelines adopted by the Board, the retirement age for Managing/Executive Directors is 65 years, Non-Executive (Non-Independent) Directors is 70 years and Non-Executive, Independent Directors is 75 years.

CRITERIA FOR DETERMINING QUALIFICATIONS, POSITIVE ATTRIBUTES AND INDEPENDENCE OF A DIRECTOR

In terms of the provisions of Section 178(3) of the Companies Act, 2013 and Regulation 19 of the Listing Regulations, the NRC has formulated the criteria for determining qualifications, positive attributes and independence of Directors, the key features of which are as follows:

Qualifications The Board nomination process encourages diversity of thought, experience, knowledge, age and gender. It also ensures that the Board has an appropriate blend of functional and industry expertise.

• Positive Attributes - Apart from the duties of Directors as prescribed in the Act, the Directors are expected to demonstrate high standards of ethical behavior, communication skills and independent judgment. The Directors are also expected to abide by the respective Code of Conduct as applicable to them.

• Independence - A Director will be considered independent if he / she meets the criteria laid down in Section 149(6) of the Act, the Rules framed thereunder and Regulation 16(1)(b) of the Listing Regulations.

ANNUAL EVALUATION OF THE BOARD, ITS COMMITTEES AND INDIVIDUAL DIRECTORS

The Board of Directors has carried out an annual evaluation of its own performance, Board Committees, and individual directors pursuant to the provisions of the Act and the Listing Regulations.

The Board evaluated its performance after seeking inputs from all the directors on the basis of criteria such as the Board composition and structure, effectiveness of board processes, information and functioning, etc. The performance of the Committees was evaluated by the Board after seeking inputs from the committee members on the basis of criteria such as the composition of committees, effectiveness of committee meetings, etc. The above criteria are as provided by the Guidance Note on Board Evaluation issued by the Securities and Exchange Board of India.

The Chairman of the Board had one-on-one meetings with the Independent Directors and the Chairman of NRC had one-on-one meetings with the Executive and Non-Executive (Non-Independent) Directors. These meetings were intended to obtain Directors' inputs on effectiveness of the Board/Committee processes.

The Board and the NRC reviewed the performance of individual directors on the basis of criteria such as the contribution of the individual director to the board and committee meetings like preparedness on the issues to be discussed, meaningful and constructive contribution and inputs in meetings, etc.

In a separate meeting of independent directors, performance of non-independent directors and the board as a whole was evaluated. The Independent Directors in the said meeting also evaluated the quality, quantity and timeliness of flow of information between the Company management and the Board that is necessary for the Board to effectively and reasonably perform their duties. Additionally, the Chairman of the Board was also evaluated on key aspects of his role, taking into account the views of executive directors and non-executive directors in the aforesaid meeting. The above evaluations were then discussed in the board meeting that followed the meeting of the independent directors and NRC, at which the performance of the Board, its Committees, and individual directors was also discussed. Performance evaluation of independent directors was done by the entire board, excluding the independent director being evaluated.

REMUNERATION POLICY

Pursuant to the provisions of Section 178(3) of the Act, and Regulation 19 of the Listing Regulations, the NRC has formulated a policy relating to the remuneration for the Directors, KMP, Senior Management and other employees.

The philosophy for remuneration is based on the commitment of fostering a culture of leadership with trust.

While formulating this policy, the NRC has considered the factors laid down in Section 178(4) of the Act which are as under:

• That the level and composition of remuneration is reasonable and sufficient to attract, retain and motivate Directors of the quality required to run the company successfully;

• Relationship of remuneration to performance is clear and meets appropriate performance benchmarks; and Remuneration to Directors, key managerial personnel and senior management involves a balance between fixed and incentive pay reflecting short and long-term performance objectives appropriate to the working of the Company and its goals.

The key principles governing the Remuneration Policy are as follows:

• Market competitiveness;

• Role played by the individual;

• Reflective of size of the company, complexity of the sector/ industry / Company's operations and the Company's capacity to pay;

• Consistent with recognised best practices; and

• Aligned to any regulatory requirements.

In accordance with the policy, the Managing Director, Executive Director, KMPs, Senior Management and employees are paid fixed salary which includes basic salary, allowances, perquisites and other benefits and also annual incentive remuneration / performance linked incentive subject to achievement of certain performance criteria and such other parameters as may be considered appropriate from time to time by the NRC and the Board. The performance linked incentive is driven by the outcome of the performance appraisal process and the performance of the Company.

REMUNERATION FOR INDEPENDENT DIRECTORS AND NON INDEPENDENT, NON EXECUTIVE DIRECTORS

The Non-Executive Directors, including Independent

Directors, are paid sitting fees for attending the meetings of the Board and Committees of the Board. As per the policy, the overall remuneration (sitting fees and commission) should be reasonable and sufficient to attract, retain and motivate Directors aligned to the requirements of the Company including considering the challenges faced by the Company and its future growth imperatives. The remuneration should also be reflective of the size of the Company, complexity of the business and the Company's capacity to pay the remuneration.

The Company pays a sitting fee of Rs. 30,000 per meeting per Director for attending meetings of the Board, Audit, Nomination and Remuneration and Executive Committees (Rs.20,000 in case of Mr. N. Chandrasekaran, Chairman and Mr. Harish Bhat, Non-Executive Director, being the employee of other Tata Companies). For meetings of all other Committees of the Board, a sitting fee of Rs. 15,000 per meeting per Director is paid (Rs.10,000 in case ofMr. Harish Bhat, Non-Executive Director, being the employee of other Tata Companies). Within the ceiling as prescribed under the Act, the Non-Executive Directors including Independent Directors are also paid a commission, the amount whereof is recommended by the NRC and approved by the Board. The basis of determining the specific amount of commission payable to a Non-Executive Director is related to his attendance at meetings, role and responsibility as Chairman or member of the Board / Committees and overall contribution as well as time spent on operational matters other than at the meetings.

The shareholders of the Company had approved payment of commission to the Non-Executive Directors at the Fifty Fifth Annual General Meeting held on July 5, 2018 for each financial year to in such manner as the Board of Directors may, from time to time, determine within the overall maximum limit of 1% (one percent) per annum or such other percentage as may be specified by the Act, from time to time. No Stock option has been granted to any Director.

As a policy, Mr. N. Chandrasekaran, Chairman, has abstained from receiving commission from the Company.

Further, in line with the internal guidelines of the Company, no payment is made towards commission to the Non-Executive Directors of the Company, who are in employment with any other Tata Company. Accordingly, no commission is paid to Mr. Harish Bhat, Non- Executive (Non-Independent) Director.

FAMILIARISATION PROGRAMME FOR INDEPENDENT DIRECTORS

As trustees of shareholders, independent directors play a pivotal role in upholding corporate governance norms and ensuring fairness in decision making. Being experts in various fields, they also bring independent judgement on matters of strategy, risk management, controls and business performance.

At the time of appointing a new Independent Director, a formal letter of appointment is given to the Director, inter alia, explaining the role, duties and responsibilities of the Director. The Director is also explained in detail the compliances required from him / her under the Act, SEBI Regulations and other relevant regulations.

By way of an introduction to the Company, presentations are also made to the newly appointed Independent Director on relevant information like overview of the Company's businesses, market and business environment, growth and performance, organisational set up of the Company, governance and internal control processes.

Ongoing familiarisation aims to provide insights into the Company and the business environment to enable all the Independent Directors to be updated of newer challenges, risks and opportunities relevant in the Company's context and to lend perspective to the strategic direction of the Company.

The details for familiarisation programme of the Independent Directors are put up on the website of the Company. As required under Regulation 46(2)(i) of the Listing Regulations, the details of familiarisation programmes conducted during FY 2019-20 is also put on the Company's website and the same can be accessed at the link : https://www.tataconsumer.com/investors/Board-Of-Directors-List/familiarization-programme?reload

BOARD DIVERSITY

The Company recognizes and embraces the importance of a diverse board in its success. The Company believes that a truly diverse board will leverage differences in thought, perspective, knowledge, skill, regional and industry experience, cultural and geographical background, age, ethnicity, race and gender, which will help the Company to retain its competitive advantage. The Board has adopted the Board Diversity Policy which sets out the approach to diversity of the Board of Directors.

INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Board has adopted policies and procedures for governance of orderly and efficient conduct of its business, including adherence to the Company's policies, safeguarding its assets, prevention and detection of frauds and errors, accuracy and completeness of the accounting records and timely preparation of reliable financial disclosures. The Company's internal control systems are commensurate with the nature of its business, the size and complexity of its operations.

The Company has a strong and independent in-house Internal Audit ("IA") department that functionally reports to the Chairman of the Audit Committee, thereby maintaining its objectivity. Remediation of deficiencies by the IA department has resulted in a robust framework for internal controls and details of which are provided in the Management Discussion and Analysis Report.

AUDIT COMMITTEE

The details including the composition of the Audit Committee and terms of reference of the Committee are included in the Corporate Governance Report, which is a part of this report.

CORPORATE GOVERNANCE AND MD&A

The Company has complied with the corporate governance requirements under the Companies Act, 2013 and Listing Regulations. A separate section on Corporate Governance along with a certificate from the practicing Company Secretary confirming compliance is annexed and forms part of this report.

A detailed report on Management Discussion and Analysis forms an integral part of this report and also covers the consolidated operations reflecting the global nature of our business.

STATUTORY AUDITORS AND AUDITORS' REPORT

At the 54th Annual General Meeting held on August 18, 2017, the shareholders had approved the appointment of M/s. Deloitte Haskins & Sells LLP, Chartered Accountants (ICAI Firm Registration No.117366W/W-100018) as the Statutory Auditors for a period of 5 years commencing from the conclusion of the 54th Annual General Meeting until the conclusion of the 59th Annual General Meeting theto be held in the year 2022, subject to ratification shareholders every year, if so required under law. Pursuant to the amendment to Section 139 of the Companies Act, 2013 effective May 7, 2018, ratification every year for the appointment of the Statutory Auditors is no longer required and accordingly the Notice of ensuing Annual General Meeting does not include the proposal for seeking Shareholders' approval for ratification of Statutory Auditors' appointment.

M/s. Deloitte Haskins & Sells LLP has furnished a certificate of their eligibility and consent under section 139 and 141 of the Act and the Companies (Audit and Auditors) Rules 2014 for their continuance as the Auditors of the Company for the FY 2020 - 21. In terms of the Listing Regulations, the Auditors have confirmedthat they hold a valid certificate issued by the Peer Review Board of the ICAI. The Statutory Auditors' Report for FY 2019-20 on the financial statement of the Company forms part of this Annual Report. The report does not contain any qualifications, reservations or adverse remarks or disclaimer.

The Statutory Auditors of the Company have not reported any fraud as specified under Section 143(12) of the Companies Act, 2013 in the year under review.

SECRETARIAL AUDITORS

Pursuant to the provisions of Section 204 of the Act and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the Company has appointed Dr. Asim Kumar Chattopadhyay, Company Secretary in Practice (FCS No. 2303, Certificate of Practice No. 880), to carry out the Secretarial Audit of the Company. The Report of the Secretarial Auditor for FY 2019-20 is attached herewith as Annexure 4. There are no qualifications, observations or adverse remark or disclaimer in the said report.

COST AUDITORS

Your Board has appointed M/s Shome and Banerjee, Practicing Cost Accountants (Firm Registration Number: 000001) as Cost Auditors of the Company for conducting cost audit for the FY 2020-21. A resolution seeking approval of the members for ratifying the remuneration payable to the Cost Auditors for FY 2020-21 is provided in the Notice of the ensuing Annual General Meeting.

COST RECORDS

The Cost accounts and records as required to be maintained under section 148 (1) of Act are duly made and maintained by the Company.

RISK MANAGEMENT

The Board of Directors of the Company has formed a Risk Management Committee to frame, implement, and monitor the risk management plan for the Company.

The Committee is responsible for reviewing the risk management plan and ensuring its effectiveness. The Committee considers the risks that impact mid-term to long-term objective of the business, including those reputational in nature. The Company has an elaborate Risk Charter and Riskdefiningrisk policy management governance model, risk assessment and prioritization process. The Risk Management Committee reviews and monitors the key risks and their mitigation measures periodically and provides an update to the Board on Company's risks outlined in the risk registers. The Audit Committee has additional oversight in the area of financial risks and controls.

Additionally, a third-party organization has benchmarked the Company's risk management practice with various companies in India and globally and opined it as a leader in risk management practice in the FMCG category. The Company was declared as the winner in the category Best Risk Management Framework & Systems FMCG, at the 6th edition of The India Risk Management Awards 2020 by CNBC TV-18 and ICICI Lombard. These awards recognize those organizations and teams that have significantly added to the understanding and practice of risk management. It also won the CRO Leadership award 2020 from UBS Forum.

VIGIL MECHANISM / WHISTLE BLOWER POLICY

The Company's vigil mechanism allows the Directors and employees to report their concerns about unethical behaviour, actual or suspected fraud or violation of the code of conduct /business ethics. The vigil mechanism provides for adequate safeguards against victimisation of the Director(s) and employee(s) who avail this mechanism.

No person has been denied access to the Chairman of the Audit Committee.

The Company has revised the Whistle-Blower policy to insert "reporting of incidents of leak or suspected leak of Unpublished Price Sensitive Information (UPSI)" in terms of Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, as amended from time to time, and the revised policy was approved by the Audit

Committee and the Board at its respective meetings held on March 19 and March 27, 2019. The policy as approved may be accessed on the Company's website at the link: http://www.tataconsumer.com/docs/default-source/ default-document-library/tgbl_-whistle-blower-policy. pdf?sfvrsn=0 .

PARTICULARS OF LOANS, GUARANTEES AND INVESTMENTS BY THE COMPANY

Details of loans, guarantees and investments covered under the provisions of Section 186 of the Companies Act, 2013 are provided in Annexure 3 attached to this report.

RELATED PARTY TRANSACTIONS

All related party transactions that were entered into during the financial year 2019-20, were on an arm's length basis and in the ordinary course of business. There are no material related party transactions made by the Company during the year under review. Given that the Company does not have anything to report pursuant Section 134(3) (h) of the Companies Act, 2013 read with Rule 8(2) of the Companies (Accounts) Rules, 2014 in Form AOC-2, therefore the same is not provided. All related party transactions are approved by the Audit Committee and are periodically reported to the Audit Committee. Prior approval of the Audit Committee is obtained on a yearly basis for the transactions which are planned and / or repetitive in nature and omnibus approvals are taken as per the policy laid down for unforeseen transactions. The policy on Related Party Transactions as approved by the Board of Directors is available on the Company's website and may be accessed at the link: https://www. tataconsumer.com/investors/investor-relations/related_ party_disclosure?reload.

The details of the transactions with related parties during FY 2019-20 are provided in the accompanying financial statements.

Transaction with person or entity belonging to the promoter/ promoter group which hold(s) 10% or more shareholding in the Company have been disclosed in the accompanying financial statements.

CORPORATE SOCIAL RESPONSIBILITY (CSR) AND SUSTAINABILITY INITIATIVES

In compliance with Section 135 of Companies Act, 2013, the Company has undertaken CSR activities, projects and programs, excluding activities undertaken in pursuance of its normal course of business. The Natural Food & Beverages Policy of Tata Consumer Products is the apex Sustainability Policy that defines the aspiration to be the consumer's first choice in sustainable production and consumption. The sustainability pillars of the Company are Sustainable Sourcing, Climate Change, Water Management, Waste Management and Community Development.

The Company aims to support development programs for 1 million community members by the year 2022. Through Project Jalodari, the Company with Tata Trust, promotes water, sanitation and hygiene (WASH) for the tea communities in Assam and the hill communities in Himachal Pradesh. The Company has provided affordable healthcare to over 100,000 community members annually through High Range Hospital, Munnar and Research & Referral Hospital Chubwa. The Company is proud to collaborate with Tata Chemical Society for Rural Development (TCSRD) with focus on the disadvantaged communitiesinMithapur,GujaratandtheCoorgFoundation in Kodagu, Karnataka. The Improving Lives Program with UNICEF-ETP is facilitating better health, nutrition, water & sanitation, education and life skills to adolescent girls and women in over 200 tea estates in Assam. Aranya Naturals celebrated its 25th year of enterprise with an international conference on ‘Natural Dyes'. Mr. Amitabh Kant, CEO Niti Ayog, delivered the inaugural address.

Your Company is one of the six companies in India recognized as ‘Climate Change Rising Stars' on the CDP India 2019 A-list that was released recently. The carbon footprint or Green House Gas (GHG) emission for the Company, audited by British Standards Institute, was 26,915 tons of CO2e during 2018-19, showing a decrease of 30% between 2010-19. About 14% of energy utilised in beverages division in 2019-20 came from renewable sources. All tea packeting centres globally have achieved zero waste to landfill target in 2020. Under the Plastic Waste Management Rules in India, EPR (Extended Producer Responsibility) Plan has been framed by your Company for collection and reprocessing of plastic packaging waste on a brand neutral basis across key markets. In line with our aim to integrate circularity in our business, about 21% of all Tata Salt packaging was recyclable in 2019-

20. TCPL UK joined the UK Plastics Pact - a collaborative initiative between UK businesses and stakeholders across the plastics value chain to embed a circular economy for plastics in the UK by 2025.

During the year under review, the Company has spent Rs. 10.85 Crore (2.42% of the average qualifying net profits of last three financial years) on CSR activities on projects qualifying as per Section 135 of the Companies Act, 2013 duly approved by the CSR Committee of the Board. In as CSR activities under additiontotheprojects specified section 135 of Companies Act 2013, the Company has also carried out several other sustainability / responsible business initiatives and projects on a global scale. Salient features of the CSR Policy and details of activities as required under Companies (Corporate Social Responsibility Policy) Rules, 2014 is provided in Annexure 1 forming part of this Report. The CSR Policy may be accessed on the Company's website at the link: https://www.tataconsumer. com/investors/policies?reload

EXTRACT OF ANNUAL RETURN

As provided under Section 92 of the Act and rules framed thereunder, the extract of annual return in Form MGT-9 is given in Annexure 5 which forms part of this report. In compliance with section 134(3)(a) of the Act, MGT 9 is uploaded on Companies website and can be accessed at https://www.tataconsumer.com/investors/investor-information/mgt-9?reload .

PARTICULARS OF EMPLOYEES

The information required under Section 197 of the Act read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 are given in Annexure 2 which forms part of this report. Pursuant to Section 197(14) of the Act, the details of remuneration received by the Managing Director and the Executive Director from the Company's subsidiary company during FY 2019- 20 are also given in Annexure 2 attached to this report.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS

There are no significant and Regulators / Courts that would impact the going concern status of the Company and its future operations.

INDUSTRIAL RELATIONS

During the year under review, industrial relations remained harmonious at all our offices and establishments.

DISCLOSURES AS PER THE SEXUAL HARASSMENT OF WOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND REDRESSAL) ACT, 2013

The Company has adopted zero tolerance for sexual harassment at workplace and has formulated a policy on prevention, prohibition and redressal of sexual harassment at workplace in line with the provisions of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013 and the rules thereunder for prevention and redressal of complaints of sexual harassment at workplace. Awareness programs were conducted at various locations of the Company. The Company has complied with provisions relating to the constitution of Internal Committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

During the year under review, the Company received one complaint of sexual harassment and the same was resolved by taking appropriate action. There was no complaint pending as on March 31, 2020.

DISCLOSURE REQUIREMENTS

a) As per Listing Regulations, the Corporate GovernanceReport with the Secretarial Auditors' Certificate thereon, and the Management Discussion and Analysis are attached, which forms part of this report.

b) As per Regulation 34 of the Listing Regulations, a Business Responsibility Report is attached and is a part of this Annual Report.

c) As per Regulation 43A of the Listing Regulations, the Dividend Distribution Policy is uploaded on the Company's website. http://www.tataconsumer.com/ docs/default-source/default-document-library/tgbl-dividend-policy342ebc881a2368caa65dff02001c5 be1.pdf?sfvrsn=0.

d) The Company has devised proper systems to ensure orderspassed bythe compliance with the provisions of all applicable Secretarial Standards issued by the Institute of Company Secretaries of India and that such systems are adequate and operating effectively.

DEPOSITS FROM PUBLIC

The Company has not accepted any deposits from the public during the year under review. No amount on account of principal or interest on deposits from public was outstanding as on March 31, 2020.

PARTICULARS OF ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGE EARNINGS AND OUTGO [PURSUANT TO COMPANIES (ACCOUNTS)

RULES, 2014]

The information on conservation of energy, technology absorption and foreign exchange earnings and outgo pursuant to Section 134(3)(m) of the Act, read with Rule 8(3) of the Companies (Accounts) Rules, 2014 is given in Annexure 6 attached to this report.

ACKNOWLEDGEMENT

The Directors wish to convey their deep appreciation to all the employees, customers, vendors, investors, and consultants/advisors of the Company for their sincere and dedicated services as well as their collective contribution to the Company's performance.

The Directors also thank the Government of India, Governments of various States in India, Governments of various countries and concerned Government departments for their cooperation.

The Directors appreciate and value the contribution made by every member of the TCPL family.

   

Tata Consumer Products Ltd Company Background

N ChandrasekaranSunil A D'Souza
Incorporation Year1962
Registered Office1 Bishop Lefroy Road,
Kolkata,West Bengal-700020
Telephone91-033-22813779/3891/4422/4747/6917,Managing Director
Fax91-033-22811199/22833032
Company SecretaryNeelabja Chakrabarty
AuditorDeloitte Haskins & Sells LLP
Face Value1
Market Lot1
ListingBSE,Kolkata,London,Luxembourg,MSEI ,NSE,
RegistrarTSR Darashaw Consultants P Ltd
6-10 Haji Moosa ,Patrawala Ind.Estate,DrEMoses Rd Mahalaxm,Mumbai - 400 011

Tata Consumer Products Ltd Company Management

Director NameDirector DesignationYear
N Chandrasekaran Chairman 2020
L Krishnakumar Executive Director 2020
S Santhanakrishnan Independent Director 2020
Siraj Azmat Chaudhry Independent Director 2020
Harish Bhat Director 2020
Neelabja Chakrabarty Company Secretary 2020
Bharat Puri Independent Director 2020
Shikha Sharma Independent Director 2020
Sunil A D'Souza Managing Director & CEO 2020
P B Balaji Non Executive Director 2020

Tata Consumer Products Ltd Listing Information

Listing Information
BSE_500
BSE_FMCG
BSE_100
BSE_200
BSEDOLLEX
NIFTYJR
CNX500
BSEMID
CNX100
CNX_FMCG
CNXCONSUMP
CNX200
NFTALPHA50
BSECARBONE
BSEALLCAP
BSEMIDSELE
SENSNEXT50
ESG100
MID150
LMI250
MSL400
BSEMOI

Tata Consumer Products Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Sale of Goods Kg 0005607.49
Other Operating Revenues NA 00082.71
Service rendered NA 0000.04
Others Uni0000
Traded Goods NA 0000
Excise duty NA 0000
Coffee Kg 0000
Tea-Others Kg 0000
Pepper Kg 0000
Cardamom Kg 0000
Tea-Instant & Packed Kg 0000

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