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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

697.55

1.50 (0.22%) Volume 1160832

29-Mar-2023 EOD

Prev. Close

696.05

Open Price

696.05

Bid Price (QTY)

0.00(0)

Offer Price (QTY)

697.55(694)

 

Today’s High/Low 703.00 - 694.80

52 wk High/Low 861.15 - 686.60

Key Stats

MARKET CAP (RS CR) 64807.85
P/E 69.41
BOOK VALUE (RS) 131.7147052
DIV (%) 605
MARKET LOT 1
EPS (TTM) 10.05
PRICE/BOOK 5.29629549670055
DIV YIELD.(%) 0.86
FACE VALUE (RS) 1
DELIVERABLES (%) 42.47
4

News & Announcements

28-Mar-2023

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

27-Mar-2023

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

27-Mar-2023

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

24-Mar-2023

Tata Consumer Products Ltd - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate

16-Jan-2023

Tata Consumer Products to discuss results

29-Dec-2022

Tata Consumer Products' group company hikes stake in Joekels Tea Packers

01-Oct-2022

Tata Consumer Products EGM scheduled

30-Sep-2022

Tata Consumer Products to discuss results

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
B & A Ltd 508136
Balanoor Plantations & Industries Ltd 40746
Bansisons Tea Industries Ltd 519353
Bengal Tea & Fabrics Ltd 532230 BENGALTEA
Bhatkawa Tea Industries Ltd 40389
Bishnauth Tea Company Ltd (Merged) 519226 BISHNATTEA
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
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
Indong Tea Company Ltd 543769
James Warren Tea Ltd 538564
Jay Shree Tea & Industries Ltd 509715 JAYSREETEA
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 Ltd 40271
Scottish Assam (India) Ltd 40343
Shri Vasuprada Plantations Ltd 538092
Stanes Amalgamated Estates Ltd 40096
Tata Coffee Ltd 532301 TATACOFFEE
Tea Time Ltd(Merged) 512011
Tengpani Tea Company Ltd(merged) 40121
Terai Tea Co Ltd 530533
Tezpore Tea Company Ltd(merged) 590045
The Grob Tea Co Ltd 538367 GROBTEA
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 253987618 27.34
Total Institutions 140431534 15.12
Total Govt Holding 87870 0.01
Total Non Promoter Corporate Holding 17093922 1.84
Total Promoters 319629733 34.41
Total Public & others 197780973 21.29
Total 929011650 100
  • Total Foreign
  • Total Institutions
  • Total Govt Holding
  • Total Non Promoter Corporate Holding
  • Total Promoters
  • Total Public & others

About Tata Consumer Products Ltd

Tata Consumer Products Ltd. (formerly 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 cafe 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. Pursuant to the Scheme of Arrangement amongst Tata Chemicals Limited and the Company and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 duly sanctioned by the Hon'ble National Company Law Tribunal, Kolkata and Mumbai Bench vide Orders dated 08 January 2020 and 10 January 2020 respectively, TCL demerged its Consumer Products Business and the same is vested with the Company with effect from Appointed Date i.e.01 April 2019. The Scheme came into effect on 07 February 2020. As per the provisions of the Scheme of Arrangement,the 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 05 March 2020. The merger of the Consumer Products Business of Tata Chemicals Limited with the Company was completed in February 2020 and led to the renaming of the Company as Tata Consumer Products Limited with the goal of bringing together two complementary and individually successful businesses and lay the foundation for a fast-moving consumer goods (FMCG) company. Pursuant to the Scheme, the name of the Company has becn changed from Tata Global Beverages Limited to Tata Consumer Products Limited on 10 February 2020. As on 31 March 2020, the Company has 39 subsidiaries,3 associates and 5 joint venture companies. In the last month of FY 2019-20, the business operations were impacted by the lockdown issued by the various governments across India as well as globe to arrest the growth of COVID-19 cases. As on 31 March 2021,the Company has 39 subsidiaries, 3 associates and 3 joint venture companies. During the FY2021, the Company acquired a 100% equity stake of Tata Consumer Soulfull Private Limited (formerly Kottaram Agro Foods Private Limited), which became a wholly-owned subsidiary of the Company.NourishCo Beverages Limited, a 50:50 Joint Venture of the Company became a wholly-owned subsidiary in May 2020. Coffee Trade LLC, Russia, the Company's step-down subsidiary, was liquidated on 09 April 2020. Earth Rules Pty Ltd, Australia, an overseas step-down subsidiary of the Company, has sold its Coffee Business (through slump sale of assets), along with the contracts, assets and brands. The Company had also sold off its entire membership interest held in Empirical Group LLC, an overseas step-down subsidiary in USA and in Southern Tea, LLC, an overseas step-down joint venture company in USA, to Harris Tea Company LLC, company's partner in these entities, on 31 March 2021. The Company has two unlisted material subsidiaries incorporated outside India i.e. Tata Consumer Products GB Limited and Tata Consumer Products UK Group Limited. The Eight O'Clock Coffee Company Limited is an unlisted material subsidiary of Tata Coffee Limited, the listed subsidiary of the Company. TCPL received the award for Best Growth Performance -F&B at India's top 500 Companies 2021 conference by Dun & Bradstreet on the theme of Laying foundations for an ESG ready corporate India. Tata Consumer Products joined the coveted Leadership' category (BSE 100) Indian Corporate Governance Scorecard for displaying the highest standards of corporate governance. The Aurangabad packaging center won a bronze medal at National Awards for Manufacturing Competitiveness 2021 organized by International Research Institute for Manufacturing (IRIM). Tata Tea Kanan Devan won Gold for the best use of consumer insights & analytics at Indian Marketing Awards 2021. Tata Sampann won Silver in the Best Benchmark Content/ Branded Content category at Indian Digital marketing Awards (IDMA) 2021. Tata Gluco Plus won the Blue Elephant at Kyoorius Creative Awards 2021 in the Best Branding content for fiction films category. The Company has 42 subsidiaries, 3 joint ventures, and 2 associate companies as at March 31, 2022. During the year 2021-22, the Board has approved Composite Scheme of Arrangement amongst Company, Tata Coffee Limited (TCL), and TCPL Beverages & Foods Limited (TBFL) and their respective shareholders and creditors for (a) demerger of Plantation Business of TCL into TBFL, and in consideration, the Company (as holding company of TBFL) will issue 1 equity share of the Company for every 22 equity shares held by shareholders of TCL and (b) amalgamation of TCL [comprising Remaining Business of TCL with Company and in consideration, the Company will issue 14 equity shares of the Company for every 55 equity shares held by shareholders of TCL. On the Scheme becoming effective, shareholders of TCL will receive an aggregate of 3 equity shares of Company for every 10 equity shares held by them in TCL. During the year 2021-22, the Company acquired a 100% equity stake of Tata SmartFoodz Limited, India (TSFL) from Tata Industries Limited, and consequently, TSFL became a wholly owned subsidiary of the Company with effect from November 16, 2021. During the year 2021-22, the Company acquired shares held by the Tata Realty and Infrastructure Limited in TRILC and made the additional investment of TRILC. The Company's effective stake in TRILC thereafter increased from 48.40% to 80.46% resulting in TRILC becoming a subsidiary with effect from November 17, 2021. During the year 2021-22, TCPL Beverages & Foods Limited, India (TBFL) was incorporated on February 25, 2022, as a wholly-owned subsidiary of the Company.

Tata Consumer Products Ltd Chairman Speech

Dear Shareholders,

I am pleased to present to you the Integrated Annual Report of Tata Consumer Products for FY 21-22. Just over two years ago, we formed Tata Consumer Products with the vision of becoming a formidable player in the FMCG industry. This gave us a much larger addressable market and created several exciting opportunities for growth. The last couple of years have seen unprecedented challenges in the form of the pandemic, geopolitical flareups and overall, a very volatile macro environment with wide-ranging impact on people, economies and businesses. We, as an organisation have used this period to strengthen our capabilities, build innovative thinking and agility, and enhance our focus on efficiencies; all in the interest of creating a growth company. This mindset has helped your Company deliver strong overall performance for this fiscal across all metrics and kept us firmly on track to achieving our vision. As I had shared with you in last year?s Annual Report, we had identified six strategic priorities for the business These priorities are key building blocks that power the Company?s growth agenda, and I am pleased to report that we have made substantial progress against each of these during the course of this year. Progress was made on expanding our distribution significantly, accelerating the pace of innovation, redesigning our supply network, and driving digital transformation across the value chain. We are investing in these capabilities for the long term and I am confident that these will catapult us towards our goals. One of the exciting opportunities before us is to understand consumer trends and leverage them to expand our portfolio and drive our future growth. The integration of the targeted acquisitions we made in the last fiscal to accelerate this agenda has been completed with speed, and this year the product portfolio of the Company has been further strengthened with the addition of ready-to-eat products. There have also been several launches across the Foods and Beverages portfolio, catering to consumer needs around health and wellness, taste and convenience, which also helped us expand our total addressable market. We continued to invest behind all these initiatives to ensure that these will act as growth engines for the future.

We are streamlining and simplifying our business to be more agile and efficient, and unlock its full potential. Restructuring initiatives are being undertaken in India and International markets and as part of that,

"Our employees remain our most valued asset, and we are constantly striving to build an engaged and progressive workforce. During the year, we launched several initiatives to foster health and wellness, as well as diversity and inclusion; and we continued to strengthen programmes around recognition as also learning and development."

we recently announced a re-organisation plan to combine Tata Coffee?s business into Tata Consumer Products. This exercise is expected to bring similar businesses in the two companies together, create dedicated verticals to drive focus and result in revenue synergies and operational efficiencies. As you will read across this Report, our approach to value creation extends to all stakeholders, and we remain steadfast in our commitment to raising the bar on sustainability and corporate social responsibility. Our programmes related to sustainable sourcing, natural resource management, circular economy, and community empowerment, are now an integral part of our strategy and progressing well. Our employees remain our most valued asset, and we are constantly striving to build an engaged and progressive workforce. During the year, we launched several initiatives to foster health and wellness, as well as diversity and inclusion; and we continued to strengthen programmes around recognition as also learning and development.

Making meaningful progress during such a challenging year would not have been possible without the tireless efforts of each of our employees and the support from their families. I would like to thank them all for their contributions. I am also grateful to you, our shareholders, for your continued faith, support and confidence in our Company and look forward to realising our long-term vision for Tata Consumer Products.

Warm Regards
N. Chandrasekaran
Chairman

   

Tata Consumer Products Ltd Company History

Tata Consumer Products Ltd. (formerly 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 cafe 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. Pursuant to the Scheme of Arrangement amongst Tata Chemicals Limited and the Company and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 duly sanctioned by the Hon'ble National Company Law Tribunal, Kolkata and Mumbai Bench vide Orders dated 08 January 2020 and 10 January 2020 respectively, TCL demerged its Consumer Products Business and the same is vested with the Company with effect from Appointed Date i.e.01 April 2019. The Scheme came into effect on 07 February 2020. As per the provisions of the Scheme of Arrangement,the 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 05 March 2020. The merger of the Consumer Products Business of Tata Chemicals Limited with the Company was completed in February 2020 and led to the renaming of the Company as Tata Consumer Products Limited with the goal of bringing together two complementary and individually successful businesses and lay the foundation for a fast-moving consumer goods (FMCG) company. Pursuant to the Scheme, the name of the Company has becn changed from Tata Global Beverages Limited to Tata Consumer Products Limited on 10 February 2020. As on 31 March 2020, the Company has 39 subsidiaries,3 associates and 5 joint venture companies. In the last month of FY 2019-20, the business operations were impacted by the lockdown issued by the various governments across India as well as globe to arrest the growth of COVID-19 cases. As on 31 March 2021,the Company has 39 subsidiaries, 3 associates and 3 joint venture companies. During the FY2021, the Company acquired a 100% equity stake of Tata Consumer Soulfull Private Limited (formerly Kottaram Agro Foods Private Limited), which became a wholly-owned subsidiary of the Company.NourishCo Beverages Limited, a 50:50 Joint Venture of the Company became a wholly-owned subsidiary in May 2020. Coffee Trade LLC, Russia, the Company's step-down subsidiary, was liquidated on 09 April 2020. Earth Rules Pty Ltd, Australia, an overseas step-down subsidiary of the Company, has sold its Coffee Business (through slump sale of assets), along with the contracts, assets and brands. The Company had also sold off its entire membership interest held in Empirical Group LLC, an overseas step-down subsidiary in USA and in Southern Tea, LLC, an overseas step-down joint venture company in USA, to Harris Tea Company LLC, company's partner in these entities, on 31 March 2021. The Company has two unlisted material subsidiaries incorporated outside India i.e. Tata Consumer Products GB Limited and Tata Consumer Products UK Group Limited. The Eight O'Clock Coffee Company Limited is an unlisted material subsidiary of Tata Coffee Limited, the listed subsidiary of the Company. TCPL received the award for Best Growth Performance -F&B at India's top 500 Companies 2021 conference by Dun & Bradstreet on the theme of Laying foundations for an ESG ready corporate India. Tata Consumer Products joined the coveted Leadership' category (BSE 100) Indian Corporate Governance Scorecard for displaying the highest standards of corporate governance. The Aurangabad packaging center won a bronze medal at National Awards for Manufacturing Competitiveness 2021 organized by International Research Institute for Manufacturing (IRIM). Tata Tea Kanan Devan won Gold for the best use of consumer insights & analytics at Indian Marketing Awards 2021. Tata Sampann won Silver in the Best Benchmark Content/ Branded Content category at Indian Digital marketing Awards (IDMA) 2021. Tata Gluco Plus won the Blue Elephant at Kyoorius Creative Awards 2021 in the Best Branding content for fiction films category. The Company has 42 subsidiaries, 3 joint ventures, and 2 associate companies as at March 31, 2022. During the year 2021-22, the Board has approved Composite Scheme of Arrangement amongst Company, Tata Coffee Limited (TCL), and TCPL Beverages & Foods Limited (TBFL) and their respective shareholders and creditors for (a) demerger of Plantation Business of TCL into TBFL, and in consideration, the Company (as holding company of TBFL) will issue 1 equity share of the Company for every 22 equity shares held by shareholders of TCL and (b) amalgamation of TCL [comprising Remaining Business of TCL with Company and in consideration, the Company will issue 14 equity shares of the Company for every 55 equity shares held by shareholders of TCL. On the Scheme becoming effective, shareholders of TCL will receive an aggregate of 3 equity shares of Company for every 10 equity shares held by them in TCL. During the year 2021-22, the Company acquired a 100% equity stake of Tata SmartFoodz Limited, India (TSFL) from Tata Industries Limited, and consequently, TSFL became a wholly owned subsidiary of the Company with effect from November 16, 2021. During the year 2021-22, the Company acquired shares held by the Tata Realty and Infrastructure Limited in TRILC and made the additional investment of TRILC. The Company's effective stake in TRILC thereafter increased from 48.40% to 80.46% resulting in TRILC becoming a subsidiary with effect from November 17, 2021. During the year 2021-22, TCPL Beverages & Foods Limited, India (TBFL) was incorporated on February 25, 2022, as a wholly-owned subsidiary of the Company.

Tata Consumer Products Ltd Directors Reports

Dear Members,

The Board of Directors is delighted to present the 59th Annual Report on the business and operations of Tata Consumer Products Limited ("the Company") along with the summary of standalone and consolidated financial statements for the year ended March 31, 2022.

In compliance with the applicable provisions of the Companies Act, 2013, ("the Act"), the Securities and Exchange Board of India ("SEBI") (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), this Board?s Report is prepared based on the standalone financial statements of the Company for the year under review and also present the key highlights of performance of subsidiaries, joint ventures, and associate companies and their contribution to the overall performance of the Company during the year under review.

FINANCIAL PERFORMANCE

Key highlights of consolidated and standalone financial performance for the year ended March 31, 2022, are summarised as under:

Consolidated Standalone
2021-22 2020-21 2021-22 2020-21
2020-21
Revenue from Operations 12,425 11,602 7,932 7,154
Profit before Exceptional Items and Taxes 1,508 1,342 1,178 897
Exceptional items (net) (52) (31) (27) (61)
Profit before Tax 1,456 1,311 1,151 836
Provision for Tax (377) (317) (265) (217)
Profit after Tax 1,079 994 886 620
Share of net profit/(loss) in Associates and Joint Ventures (64) (63) - -
Profit for the year 1,015 930 886 620
Attributable to:
- Owners of the parent 936 857 886 620
Retained Earnings - Opening Balance 6,396 5,902 3,503 3,136
Add /(Less):
- Profit for the year 936 857 886 620
- Other Comprehensive Income/(Expense) 31 (112) 23 (4)
- Dividend Paid (373) (249) (373) (249)
- Other items (18) (1) - -
Retained Earnings - Closing Balance 6,972 6,396 4,039 3,503

OPERATIONS AND BUSINESS PERFORMANCE Consolidated Performance

Consolidated revenue from operations for the year at Rs 12,425 Crores grew by 7% as compared to the last year. On a like-to-like basis i.e. net of exits of food service businesses in the international market, consolidated revenue improved by 9%. While the Indian Branded Business grew by 13%, led by Tea, Salt, and new engines of growth (Ready to Drink and Tata Sampann), the International Business, net of exits, was marginally lower as compared to the previous year. India Branded Business benefitted from the expansion of the distribution reach, focus on premiumisation, and higher investment behind brands. For the International business, growth trends were witnessed similar to pre-covid levels in the later part of the year, offsetting the lower offtake in the earlier half due to covid induced pantry loading in the previous year. Improvements, mainly in Coffee plantation and extractions businesses, drove 8% growth in the NonBranded segment.

(' in Crores)

Profit before exceptional items and taxes at Rs 1,508 Crores grew by 12%. Operating Margins remained healthy and improved over the prior year. India Branded Business margins improved for the year driven by tapering off of tea commodity cost, despite higher investments in brands, input cost inflation in foods, and growth initiatives. International Business margins improved over the previous year mainly due to control over spends despite a sharp increase in the coffee commodity prices. Strong headwinds faced for input cost inflation across business units in both International and Indian markets were managed well.

The Group?s net profit at Rs 1,015 Crores grew by 9% after absorbing higher exceptional expenditure whilst the share of profits from the joint venture and associates remained flat. Higher exceptional expenditure mainly represents costs incurred for restructuring and re-organisation and acquisition-related costs. Improved Joint Venture performance has been offset by an adverse performance by Associate companies. Tata Starbucks? performance improved significantly driven by revenue recovery and the opening of additional 50 new stores, in spite of covid led restrictions impacting performance in the early part of the year. The performance of associate companies was adversely impacted by lower price realisation, lower crop and cost pressures.

Standalone Performance

Revenue from operations at Rs 7,932 Crores grew by 11% reflecting growth in India Branded Business. Revenue grew mainly in the Tea, Salt, and Tata Sampann portfolio, led by higher distribution reach, investment in brands, and premiumisation. Strong support to the brands resulted in an improvement in the market share of Tea by 100 basis points and Salt by 400 basis points. Operating margins registered a healthy growth driven by tapering off of tea commodity cost in spite of input cost inflation and higher investments in brands.

Profit before exceptionals and taxes (PBIT) at Rs 1,178 Crores grew by 31% led by revenue growth, improved margins and higher other income. Profit after tax at ' 886 Crores grew by 43% as compared to the previous year, mainly due to improved PBIT and lower tax rate.

DIVIDEND 8 RESERVES Dividend Distribution Policy

According to Regulation 43A of the Listing Regulations, the Board has adopted a Dividend Distribution Policy, which had been placed on the website of the Company and can be accessed at the link:

https://www.tataconsumer.com/investors/policies. and is also provided in Annexure 1 attached to this report.

Declaration and payment of dividend

The Board is pleased to recommend a dividend of Rs 6.05 per equity share of the Company of Rs 1 each (605%) for the year ended March 31, 2022.

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

The said dividend on equity shares is subject to the approval of the Shareholders at the ensuing Annual General Meeting ("AGM") scheduled to be held on Monday, June 27, 2022. If approved, the dividend would result in a cash outflow of ' 557.54 Crores. The total dividend payout works out to 62.95% (Previous Year: 60.25%) of the Company?s standalone net profit.

The dividend once approved by the Shareholders will be paid on or from June 29, 2022, and before July 27, 2022.

Book closure

The Register of Members and Share Transfer Books of the Company will remain closed from Saturday, June 11, 2022, to Friday, June 17, 2022 (both days inclusive) to determine the eligible shareholders to receive the dividend for the year ended March 31, 2022. According to the Finance Act, 2020, dividend income will be taxable in the hands of the Members w.e.f. April 1, 2020, and the Company is required to deduct tax at source from the dividend paid to the Members at prescribed rates as per the Income Tax Act, 1961.

Unclaimed dividends

Details of outstanding and unclaimed dividends previously declared and paid by the Company are given under the Corporate Governance Report.

Transfer to reserve

As permitted under the Act, the Board does not propose to transfer any amount to general reserve and has decided to retain the entire amount of profit for FY 2021-22 in the profit and loss account.

SHARE CAPITAL

As of March 31, 2022, the authorized share capital of the Company was Rs 125 Crores comprising of 125,00,00,000 equity shares of Rs 1 each, and the paid-up equity share capital as at March 31, 2022, was Rs 92.16 Crores comprising of 92,15,51,715 equity shares of Rs 1 each.

The Company had neither issued any shares nor instruments convertible into equity shares of the Company or with differential voting rights nor has granted any sweat equity. The Company has granted Performance Share Units to the eligible employees of the Company and its subsidiary companies in the year under review, the details of the same are provided below:

Performance Share Units

Under authority granted by the Shareholders through Postal Ballot on December 28, 2021, the Company had adopted and implemented Tata Consumer Products Limited- Share-based Long Term Incentive Scheme 2021 (hereinafter referred to as "TCPL SLTI Scheme 2021" or "this Scheme") for grant of 5,00,000 Performance Share Units ("PSUs") to the Eligible Employees of the Company and its subsidiary under this Scheme. This Scheme is intended to reward, retain and motivate the Eligible Employees of the Company and its subsidiary companies as defined in the Scheme for their performance and participation in the growth and profitability of the Company.

The Nomination and Remuneration Committee ("NRC") administers TCPL SLTI Scheme 2021. This Scheme is in accordance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 ("SBEB&SE Regulations"). There has been no material variation in the terms of the PSUs granted under this Scheme.

During the year under review, the Company has granted 65,780 PSUs to the eligible employees in terms of TCPL SLTI Scheme 2021 in January 2022 and no employee was granted PSUs equal to or exceeding 1% of the issued share capital of the Company. The Vesting period for the PSU granted under the Scheme shall not be less than one year and all the PSUs would vest, based on the Company?s performance, within a period of 3 years from the date of Grant of such PSUs.

In compliance with the requirements of the SBEB&SE Regulations, a certificate from Secretarial Auditors, confirming implementation of TCPL SLTI Scheme 2021 following SBEB&SE Regulations and shareholder?s resolution, will be available for electronic inspection by the members during the AGM of the Company.

The statutory disclosures as mandated under the Act and SBEB&SE Regulations, along with the aforesaid certificate from the Secretarial Auditors, have been hosted on the website the Company at https://www.tataconsumer. com/investors/investor-information/annual-reports.

KEY DEVELOPMENTS

Combining Tata Coffee's business into the Company and its wholly-owned subsidiary through a Composite Scheme of Demerger and Merger

During the year under review, the Board has approved the Composite Scheme of Arrangement amongst the Company, Tata Coffee Limited ("TCL"), and TCPL Beverages & Foods Limited ("TBFL") and their respective shareholders and creditors ("the Scheme").

The Scheme inter alia provides for (a) as a first step, the demerger of the Plantation Business of TCL into TBFL, and in consideration, the Company (as the holding company of TBFL) will issue 1 equity share of the Company for every 22 equity shares held by shareholders of TCL (other than the Company) ("Demerger"); (b) as a second step, followed immediately by the amalgamation of TCL [comprising the Remaining Business of TCL (as defined in the Scheme)] with the Company and in consideration, the Company will issue 14 equity shares of the Company for every 55 equity shares held by shareholders of TCL (other than the Company) ("Amalgamation"). On the effectiveness of the Scheme, the shareholders of TCL (other than the Company) as on the record date will receive an aggregate of 3 equity shares of the Company for every 10 equity shares held by them in TCL.

Through this transaction, TCL shareholders will get access to multiple growth engines and participation in a larger and fast-growing FMCG business. The Company shareholders are expected to benefit from better synergies and business efficiencies going forward.

The Scheme is subject to inter-alia receipt of the approval of the requisite majority of the public shareholders and creditors of the Companies, the Stock Exchanges, the Securities and Exchange Board of India, Regional Director, MCA and the Registrar of Companies, National Company Law Tribunals (benches at Kolkata and Bengaluru) and other regulatory authorities, as may be applicable.

The Scheme and other documents are hosted on the website of the Company, which can be accessed at the link: https://www.tataconsumer.com/investors/scheme- of-amalgamation/tc-tcplb-with-tcpl.

Purchase of non-controlling interests in Tata Consumer Products UK through a preferential issue of equity shares

The Board has approved the acquisition of 2,38,71,793 ordinary shares of ?1 each representing 10.15% paid-up share capital of Tata Consumer Products UK Group Limited,

United Kingdom, an existing overseas subsidiary of the Company ("TCP UK") from Tata Enterprises (Overseas) AG, Zug, Switzerland ("TEO"), a minority shareholder of TCP UK, for a total purchase consideration of Rs 570.80 Crores. The consideration payable shall be discharged by way of issue and allotment of 74,59,935 equity shares of the Company having a face value of Rs 1 each, at a price of Rs 765.16 per equity share on a preferential basis. The issue of said equity shares on a preferential basis has been approved by Shareholders through Postal Ballot on April 29, 2022, and is subject to such other regulatory approvals, as may be required under applicable law. On the issuance and allotment of shares to TEO, under this transaction, TCP UK will become a wholly-owned subsidiary of the Company and TEO would become a shareholder of the Company holding 0.80% of the paid- up capital of the Company.

The Postal Ballot Notice, result, and other documents relating to preferential issue are hosted on the website of the Company, which can be accessed at the link: https://www.tataconsumer.com/investors/shareholder- information/postal-ballots.

The above transactions, along with future re-organisation, will help unlock value for both the Company and TCL shareholders who are expected to benefit from the resulting efficiencies and operational, administrative, and financial synergies.

MATERIAL CHANGES AND COMMITMENT AFFECTING THE FINANCIAL POSITION

No material changes are affecting the financial position of the Company, after the close of the FY 2021-22 till the date of this report.

IMPACT OF COVID-19 PANDEMIC ON THE PERFORMANCE Overall the group performance was marginally impacted by the ongoing COVID-19. In the early part of the year, the 3rd wave caused some disruptions for India Branded Business, but it was able to recover in the later part of the year. The earlier uptick in tea prices due to covid induced shortage in crop tapered off and resulted in improvement in margins. International business in the early part of the year cycled a higher base with COVID-19 induced pantry stocking, however, volume growth returned in major markets for both tea and coffee in the international space by end of FY 2021-22. Tata Starbucks was impacted in the early part of the year with store operations being disrupted, however by end of the year 2021-22, operations are normalized.

STRATEGIC INITIATIVES

The business continued to strengthen its foundations as a Focused Consumer Products Company. During the current year, significant progress was made on the six strategic pillars identified at the beginning of the year.

Strengthen and accelerate core business

Key initiatives include focus on powering brands through higher investments, driving premiumisation, distribution expansion, and developing alternate channels for growth in India Business. The Company has met the commitment of 1.3 million outlets, in India by end-March for direct reach. Significant progress made in sales through alternate channels with modern trade growing significantly and strengthening our position in the e-commerce channel. With investments and increased distribution, market share for both tea and salt has increased.

Drive digital and innovation

Digital is being embedded into every part of the business to stay in tune with technological advancements and drive efficiencies across the value chain. The distribution chain has been completely digitised. After the implementation of SAP S/4 HANA in the India business, the platform is being rolled out across our other businesses (mainly International and Tata Coffee) and we have initiated the setup of an enterprise data platform to draw rich insights and analyse to support the business. Digital initiatives are enabling every touchpoint in the consumer journey as well as enabling automation in the supply chain. The Company?s innovation efforts are focused on understanding and pre-empting evolving consumer trends and coming up with high-quality and differentiated products to delight these increasingly discerning consumers. The innovation contribution to turnover has increased 2x times over prior year.

Unlock Synergies

The focus is on improving efficiency and during the year significant steps were taken. Integration of Tata Soulfull and Tata SmartFoodz was completed within three months of transaction close. Operations were further streamlined in India and International markets to drive operational efficiency. The major initiatives include the Network optimization and operating model design for the foods 3P network and converting the Australian business into a distributor model. During the year, as part of our portfolio evaluation, we exited our tea cafe format Quick Service Restaurant business. This will enable our Company to better focus on its core FMCG business. A re-organisation plan was announced for the merger of

Tata Coffee Limited and simplification of the international business. This would yield operational efficiencies in management, legal and administrative costs, assist in creating a single listed entity in capturing the full value of the Group, create focused verticals for extraction and plantations, and unlocking significant potential synergies going forward. We plan to further reduce the number of operational entities in the TCP Group over the period of the next few years to drive efficiencies.

Create Future-Ready Organisation

The Company was certified as a ‘Great Place to Work?? and recognized for its commitment to fostering a positive company culture with an employee-first approach. The Great Place to Work? is the global authority on workplace culture. In India, the Great Place to Work Institute partners with more than 1100 organizations annually across over 22 industries to help them build High-Trust, High- Performance Cultures™ designed to deliver sustained business results. The certification is awarded post an extensive survey and based purely on employee feedback and their experience working at the organization.

Explore new opportunities

Our inorganic agenda allows us to expand into new categories and recruit new sets of consumers. With the acquisition of Tata SmartFoodz Limited, the Group forayed into the Ready to Eat ("RTE") category. The company owns the brand "TataQ" and a manufacturing facility that can cater to expansion in the Group?s product portfolio. The acquisition provides a potential opportunity to unlock synergies across the value chain by integrating operations within the Group as well as the option to leverage technology to create a strong pipeline of value- added products in other parts of the food business.

Embed sustainability

As part of the Tata Group, the ethos of responsibility and sustainability are interwoven in our corporate and work philosophy. We are committed to a sustainable way of doing business and for more details refer to Management Discussion and Analysis Report.

SUBSIDIARIES, JOINT VENTURES, AND ASSOCIATE COMPANIES As defined under the Act, the Company has 42 subsidiaries, 3 joint ventures, and 2 associate companies as at March 31, 2022.

Companies that have become or ceased to be Subsidiaries, Joint Ventures, and Associates Tata SmartFoodz Limited, India ("TSFL")

During the year under review, the Company acquired a 100% equity stake of TSFL from Tata Industries Limited, consequent to which TSFL became a wholly-owned subsidiary of the Company with effect from November 16, 2021. TSFL is inter alia engaged in the business of manufacturing, distribution, and marketing of ready- to-eat packaged food products under the "Tata Q" brand in India.

TRIL Constructions Limited, India ("TRILC")

During the year under review, the Company acquired compulsorily convertible preference shares ("CCPS") held by the Tata Realty and Infrastructure Limited ("Tata Realty") in TRILC and made the additional investment by way of subscription of CCPS of TRILC. TRILC was formed as an SPV by the Company and Tata Realty with the object of real estate development of a land parcel in Bengaluru. The Company?s effective stake in TRILC thereafter increased from 48.40% to 80.46% of the paid-up share capital of TRILC, on a fully diluted basis, resulting in TRILC becoming a subsidiary with effect from November 17, 2021 (earlier it was an associate company).

TCPL Beverages & Foods Limited, India ("TBFL")

TBFL was incorporated on February 25, 2022, as a wholly-owned subsidiary of the Company. The main objects of TBFL include, inter alia, carrying on the business of manufacturing, trading, producing, cultivating, and selling beverages and foods of all kinds and of cultivating coffee, tea, etc.

Except as mentioned above, no other company/entity became or ceased to be a subsidiary, joint venture, or associate during FY 2021-22 and there has been no material change in the nature of the business of the subsidiaries.

Material Subsidiaries

The Company has 3 unlisted material subsidiaries incorporated outside India i.e. Tata Consumer Products GB Limited, Tata Consumer Products UK Group Limited, and the Eight O?Clock Coffee Company Limited.

In line with the requirements of the Act and the Listing Regulations, the Company has formulated a Policy for determining Material Subsidiaries and the same can be accessed on the Company?s website at https://www. tataconsumer.com/investors/policies.

During the year under review, the said Policy was reviewed and amended by the Audit Committee & the Board of Directors to encompass inter-alia the regulatory changes brought as per amendment in Regulation 16 of Listing Regulations (effective from May 5, 2021).

Consolidated Financial Statements

According to Section 129(3) of the Act, the consolidated financial statements of the Company and its subsidiaries, joint ventures, and associates are prepared in accordance with the relevant Indian Accounting Standard specified under 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, joint ventures, and associates in Form no. AOC-1 is given in this Annual Report.

Further, pursuant to the provisions of Section 136 of the Act, the financial statements along with other relevant documents, in respect of subsidiaries, are available on the website of the Company, at the link: https://www.tataconsumer.com/investors/investor- relations/subsidiaries/subsidiary-financials.

The details of the business of key operating subsidiaries, associates, and joint ventures during FY 2021-22 are given in the Management Discussion and Analysis Report, which forms part of this Annual Report.

PERFORMANCE HIGHLIGHTS OF KEY OPERATING SUBSIDIARIES, JOINT

VENTURES, AND ASSOCIATES

SUBSIDIARIES

Tata Consumer Products UK Group Ltd, UK ("TCP UK")

TCP UK reflects the financial performance of International Tea Business. The major brands are Tetley, Good Earth and Teapigs. On a like-to-like basis, i.e. net of business exits, Revenue declined by 3% in constant currency. Whilst there was revenue growth in the later part of the year, the early part of the year recorded muted performance due to Covid related pantry loading in the previous year. Profit after tax at Rs 143 Crores reflected a growth of 13% as compared to the previous year. Operating Margin generally remained flat against the prior year mainly driven by control over spends despite inflation driven input cost increases. Improvement in profit after tax was aided by lower exceptional expenditure. In the current year, exceptional expenditure mainly represents costs incurred for unlocking synergies and to create a future- ready organization whilst the previous year had the impact of disposal of businesses.

In the UK, revenue was lower by 3% mainly led by softness in mainstream grocery, however, Out-ofHome consumption has grown with trends back to pre- covid levels. Teapigs and Good Earth continue to grow by 8% over the prior year with the increase in market share. Fruit & Herbal based Good Earth tea, Good Earth Kombucha and Good Energy launched in the prior year continues to grow and is getting good traction with the consumers. Operating margins marginally improved led by control over spends offset partly by inflationary trends mainly on input costs. Investment behind brands continues with a new campaign on "Tetley" on National TV and social media.

In Canada, we continued to hold the leading position in the Tea market. For the current year, a revenue decline of 7%, in constant currency, was led by a decline in both specialty and regular tea, mainly due to Covid-related pantry stocking in the previous year coupled with covid- related restrictions in the early part of the year. The focus on digital sales led the e-commerce channel delivering double-digit growth and a Direct-to-Consumer website was launched. We continued to build on our success in Tetley Super Teas by driving distribution and launched the new Super Multivitamin teas which were supported by an integrated campaign.

Other smaller markets had a mixed performance. Australia had a favourable performance on account of the change in distribution model and Tetley continued to gain market share and firmly established itself as a significant player in the Mainstream black tea brand. US Branded Tea was impacted by volume decline due to the COVID-19 induced higher base in the previous year whilst the rest of Europe?s performance was stable.

Tata Coffee Limited, India ("TCL"):

Revenue from Operations at Rs 817 Crores grew by 11% against the prior year. Profit after tax at Rs 102 Crores was marginally higher than the previous year. Revenue growth was driven by Coffee Extractions through higher volume, and value realisation, despite the challenging demand scenario in some markets. Coffee Plantations recorded growth both for Arabica and Robusta, led by higher volumes and prices. Tea plantations were impacted by lower volumes on account of adverse weather conditions and lower price realisation.

Tata Coffee Vietnam Company Limited, Vietnam ("TCV"):

Revenue from Operations at Rs 258 Crores grew by 13% against the previous year in constant currency. TCV

recorded a Profit after tax of Rs 5 Crores as compared to a loss in the previous year. Revenue growth was led by higher volume and value realisation. Plant operations improved with 98% capacity utilization for the year. Profitability improvement was mainly led by revenue growth and cost mitigation strategy, despite significant inflationary pressure on costs.

Eight O'Clock Coffee Company, USA ("EOC"):

Revenue from Operations at Rs 1,296 Crores was flat against the previous year in constant currency. Profit after tax at Rs 172 Crores grew by 10%. Price increase taken to manage inflation in coffee commodity costs was offset by volume-related softness mainly in bags due to covid led pantry loading in the prior year. Operating margin improved mainly due to price increases taken to partially offset inflationary pressure on green cost, proactive coffee commodity hedging, and cost management initiatives. A new Digital campaign was launched for the Eight O?Clock coffee brand, "Over delivery in every cup" and video creative for Barista blends - "Be Your Own Barista" proposition to drive awareness. EOC continued scaling innovations with range extensions in Flavors of America and Barista Blends.

NourishCo Beverages Limited, India ("NourishCo"):

Revenue from Operations at Rs 344 Crores grew by 83% over the previous year, driven by strong brand performance and higher distribution reach. All three flagship brands - Tata Gluco Plus, Tata Copper Water, and Himalayan registered strong growth. A new variant of Tata Gluco Plus in the form of Jelly was launched during the year which received good traction from target customers. Tata Copper Water continues to deliver substantial growth in the core markets while rapidly expanding its footprints in new geographies. Himalayan also registered double-digit growth with higher distribution and improved realisation against the prior year.

ASSOCIATES

Amalgamated Plantations Private Limited, India ("APPL"):

Revenue from Operations at Rs 852 Crores, grew by 5%. APPL reported a net loss due to lower realization and wage cost increase. Prior year had recorded substantial increase in tea prices due to covid induced crop shortages, which tapered off in the current year. APPL with continued focus on quality initiatives achieved better realisation as compared to market trends.

Kanan Devan Hills Plantations Company Private Limited, India ("KDHP"):

Revenue from Operations at Rs 394 Crores, was lower by 8%. Profit after tax was lower as compared to the previous year mainly driven by crop loss due to extreme weather conditions.

JOINT VENTURE

Tata Starbucks Private Limited, India ("TSPL"):

Revenue from Operations at Rs 636 Crores grew by 76% and net loss declined significantly. Revenue growth was led by higher revenue realization from existing stores and due to new stores added during the year. As Covid restrictions eased through the year, robust sequential recovery of sales was achieved and added 50 new stores with expansion into 8 new cities. The new stores are a mix of landmark store openings viz., Golden Temple complex in Amritsar, Jio World Drive in Bandra Kurla Complex in Mumbai and Brahmaputra Riverfront in Guwahati, and smaller footprint stores. Tata Starbucks cafe now has 268 stores, across 26 cities in India.

For further analysis on the consolidated performance, attention is invited to the section on Management Discussion and Analysis, notes to the consolidated financials and Form No. AOC 1

DIRECTORS AND KEY MANAGERIAL PERSONNEL Appointments & Cessation of Directors

Mr. N. Chandrasekaran (DIN 00121863) Non-Executive, (Non-Independent) Director of the Company, who was retiring by rotation at the 58th Annual General Meeting held on June 25, 2021 ("58th AGM") was re-appointed by the Members at 58th AGM.

Mr. P. B. Balaji (DIN 02762983), who was earlier appointed as Additional Director with effect from August 8, 2020, and in respect of whom, a notice under Section 160 of the Act was received from a member, was appointed as Non-Executive (Non-Independent) Director by the Members at 58th AGM. Further, Mr. P. B. Balaji NonExecutive, Non-Independent Director of the Company, retires by rotation and being eligible, offers himself for re-appointment. A resolution seeking Members? approval for his re-appointment forms part of the Notice of the ensuing Annual General Meeting.

Dr. K. P. Krishnan (DIN 01099097) was appointed as an Additional Director under the category of NonExecutive, Independent Director with effect from October

22, 2021, subject to the approval of members. The Members through Postal Ballot on December 28, 2021, approved the appointment of Dr. K. P. Krishnan, as a NonExecutive, Independent Director of the Company for a term of 5 years commencing from October 22, 2021, up to October 21, 2026.

Mr. David Crean (DIN 09584874), was appointed as an Additional Director under the category of Non-Executive, Independent Director with effect from May 4, 2022, subject to the approval of members. Mr. David Crean holds office as an Additional Director, till the conclusion of the ensuing 59th Annual General Meeting ("59th AGM"). A notice under Section 160 of the Act, has been received from a member nominating the candidature of Mr. David Crean for appointment as Non-Executive, Independent Director of the Company. The Nomination and Remuneration Committee ("NRC") and the Board have considered and recommended to the Members for the appointment of Mr. Crean as Non-Executive, Independent Director and a resolution seeking Shareholders? approval for his appointment forms part of the Notice of the ensuing 59th AGM.

Mr. Siraj Chaudhry, (DIN 00161853) was appointed as an Independent Director at the 54th Annual General Meeting held on August 18, 2017, for a period of 5 years with effect from July 3, 2017, till July 2, 2022. Based on the recommendation of the NRC, his re-appointment for a second term of 5 years is proposed at the ensuing 59th AGM for the approval of the Members by way of special resolution.

Mr. S. Santhanakrishnan (DIN 00032049), Non-Executive, Independent Director of the Company has resigned and ceased to be a Director of the Company effective close of business hours of October 12, 2021. The Board places on record its appreciation for his invaluable contribution and guidance during his tenure as Director of the Company.

The above appointments/re-appointments were recommended by Nomination and Remuneration Committee and approved by the Board and consequently recommended by the Board to Members as applicable.

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.

Key Managerial Personnel

As on March 31, 2022, the following were Key Managerial Personnel ("KMP") of the Company as per Sections 2(51) and 203 of the Act:

a) Mr. Sunil D?Souza, Managing Director & CEO,

b) Mr. L. Krishnakumar, Executive Director & Group CFO,

c) Mr. John Jacob, Chief Financial Officer, and

d) Mr. Neelabja Chakrabarty, Company Secretary.

Pecuniary relationship or transactions with 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.

BOARD OF DIRECTORS AND MEETINGS The Board of Directors

The Board of the Company is comprised of eminent persons with proven competence and integrity. Besides the experience, strong financial acumen, strategic 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 the requirement of the 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.

Committees of the Board

As required under the Act, and the Listing Regulations, the Company has constituted the following statutory committees:

1) Audit Committee

2) Nomination and Remuneration Committee

3) Stakeholders Relationship Committee

4) Risk Management Committee

5) Corporate Social Responsibility & Sustainability Committee

In addition to the above, the Board has formed an Executive Committee to review specific business operational matters and other items that the Board may decide to delegate.

Details of all the Committees such as terms of reference, composition, and meetings held during the year under review are provided in the Report on Corporate Governance, a part of this Annual Report.

The Board, from time to time, based on the necessity, has delegated certain operational power to committees of directors formed for specific purposes like disinvestment of non-strategic investment, matters relating to the Scheme of Arrangement, Preferential issue of shares, etc.

Board Meetings

The Board meets at regular intervals to discuss and decide on the 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 or Committee?s approval is taken by passing resolutions through circulation or by calling the Board Committee meetings at short notice, as permitted by law.

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

The Board of Directors had held 7 (seven) meetings during FY 2021-22. 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

As on March 31, 2022, Mr. Bharat Puri, Ms. Shikha Sharma, Mr. Siraj Chaudhry, and Dr. K. P. Krishnan were Independent Directors on the Board.

According to the provisions of Section 149 of the Act and Regulation 25 of the Listing Regulations, the Independent Directors of the Company have submitted declarations that each of them meets 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. There has been no change in the circumstances affecting their status as independent directors of the Company. 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 that exists 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.

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

SELECTION AND PROCEDURE FOR NOMINATION AND APPOINTMENT OF DIRECTORS

The Nomination and Remuneration Committee ("NRC") of the Board is entrusted with the responsibility 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 regarding the appointment/re-appointment of Directors, and Key Managerial Personnel ("KMP") and other members of the Senior Management. The role of the NRC encompasses conducting a gap analysis to refresh the Board periodically, including each time a Director?s appointment or re-appointment is required.

The NRC is also responsible for reviewing the profiles of potential candidates vis-a-vis the required competencies, undertaking reference, and due diligence, and meeting potential candidates before 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 Remuneration Policy and the Policy on Nomination, Appointment, and Removal of Directors of the Company are available at: https://www.tataconsumer.com/ investors/policies.

During the year under review, the Policy was reviewed and amended by the NRC and the Board of Directors to encompass inter-a)ia the regulatory changes brought as per amendment in the Listing Regulations concerning the scope of NRC and criteria of Independence of a director.

The Company?s governance guidelines cover aspects mainly relating to the composition and role of the Board, Chairman and Directors, Board diversity, and Committees of the Board. As per the Company?s policy on the retirement of Directors, the retirement age for Managing/ Executive Directors is 65 years, Non-Executive (NonIndependent) 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 Act 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, as amended from time to time.

ANNUAL EVALUATION OF THE BOARD, ITS COMMITTEES, AND INDIVIDUAL DIRECTORS

Pursuant to the provisions of the Act, Listing Regulations and the Governance Guidelines for the Tata group companies, the Board of Directors has carried out an annual evaluation of its own performance, Board Committees, and Individual Directors.

The Nomination and Remuneration Committee ("NRC") approved a framework in the form of a questionnaire for annual evaluation of the Board, Board Committees and Individual Directors.

The Board evaluated its performance after seeking inputs from all the Directors based on 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 based on criteria such as the composition of committees, effectiveness of committee meetings, etc. The above criteria are broadly based on the Guidance Note on Board Evaluation issued by the Securities and Exchange Board of India on January 5, 2017.

In order to ensure confidentiality, the Board evaluation was undertaken through a Board application for evaluation, managed by an independent agency. All the Directors participated in the evaluation process. The responses received from the Board members were compiled by the independent agency and a consolidated report was submitted to the Chairman of the NRC and the Chairman of the Board.

The Board and the NRC reviewed the performance of individual Directors based on 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, the performance of Non-Independent Directors and the Board as a whole, and the Chairman of the Company was evaluated taking into account the views of Executive Directors and Non-Executive Directors.

The above evaluations were then discussed at the Board meeting that followed the meeting of the Independent Directors and the NRC, at which the performance of the Board, its Committees, and individual Directors was also discussed. The performance evaluation of Independent Directors was done by the entire Board, excluding the Independent director being evaluated.

During the year, the Company had also actioned the feedback from the Board evaluation process conducted in FY 2020-21. The Board, Board Committees and the Independent Directors discussed the evaluation report and various suggestions received in the evaluation process in FY 2021-22 and agreed on an action plan.

REMUNERATION POLICY

According 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 to 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 are reasonable and sufficient to attract, retain and motivate Directors of the quality required to run the company successfully;

• The 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 Remuneration Policy of the Company is available at: https://www.tataconsumer.com/ investors/ policies

The key principles governing the Remuneration Policy are as follows:

• Market competitiveness;

• The role played by the individual;

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

• Consistent with recognized best practices; and

• Aligned to any regulatory requirements.

In accordance with the Policy, the Managing Director & CEO, Executive Director, KMP, Senior Management, and other employees are paid a 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, the 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. For Risk Management, Stakeholder?s Relationship, Corporate Social Responsibility & Sustainability Committees, and other special Board committees, a sitting fee of Rs 20,000 per meeting per Director is paid. The Company also paid sitting fees of Rs 30,000 per meeting per Independent Director for attending the Independent Directors? meeting.

Within the ceiling as prescribed under the Act, the NonExecutive 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 Members of the Company had approved payment of commission to the Non-Executive Directors at the Annual General Meeting held on July 5, 2018, for each financial year to be distributed among the Directors 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 of net profit or such other percentage as may be specified by the Act, from time to time. No Stock option has been granted to any Non-Executive 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 was paid to Mr. P. B. Balaji, Non-Executive (Non-Independent) Director.

FAMILIARISATION PROGRAMME FOR INDEPENDENT DIRECTORS 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 has 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 an overview of the Company?s businesses, market and business environment, growth and performance, organizational 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 on newer challenges, risks, and opportunities relevant to the Company?s context and to lend perspective to the strategic direction of the Company.

Familiarisation programme for the Independent Directors along with the details of familiarisation programmes imparted to Independent Director during and cumulative upto FY 2021-22 is placed on the Company?s website and the same can be accessed at the link: https://www.tataconsumer.com/corporate-governance/ compliances-and-fi lings.

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 (as a part of the Policy on Nomination, Appointment & Removal of Directors) which sets out the approach to the diversity of the Board of Directors. The Policy is available on the website of the Company at https://www.tataconsumer. com/investors/policies.

INTERNAL FINANCIAL CONTROL SYSTEMS AND THEIR ADEQUACY The Board has adopted policies and procedures for the 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 and such internal financial controls concerning the Financial Statements are adequate.

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. The 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. Further, Statutory Auditors in its report expressed an unmodified opinion on the adequacy and operating effectiveness of the Company?s internal financial controls over financial.

AUDIT COMMITTEE

The Committee has adopted a Charter for its functioning. The primary objective of the Committee is to monitor and provide effective supervision of the Management?s financial reporting process, to ensure accurate and timely disclosures, with the highest levels of transparency, integrity, and quality of financial reporting.

As on March 31, 2022, the Committee comprises Dr. K. P. Krishnan (Chairman), Mr. Bharat Puri, Ms. Shikha Sharma, and Mr. Siraj Chaudhry. During the year under review, Mr. S Santhanakrishnan, Non-Executive, Independent Director, ceased as Member and Chairman of the Committee w.e.f. October 12, 2021 and Mr. P.B. Balaji had stepped down as a member of the Committee w.e.f. August 3, 2021. Dr. K.P. Krishnan was appointed as a member as well as Chairman of the Committee effective October 22, 2021.

The Committee met 8 (eight) times during the year under review, the details of which are given in the Corporate Governance Report.

During the year under review, there were no instances when the recommendations of the Audit Committee were not accepted by the Board.

INTEGRATED REPORT

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

CORPORATE GOVERNANCE AND MANAGEMENT DISCUSSION AND ANALYSIS

The Company has complied with the corporate governance requirements under the Act, and the Listing Regulations. A separate section on Corporate Governance along with a certificate from the practicing Company Secretary confirming compliance forms an integral part of this Annual Report.

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

BUSINESS RESPONSIBILITY REPORT

In accordance with Regulation 34 (2)(f) of the Listing Regulations, for FY 2021-22, the Company is providing a Business Responsibility Report, which forms part of this Annual Report.

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 including the 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 that the Company?s internal financial controls were adequate and operating effectively during the financial year 2021-22.

Pursuant to Section 134 (5) of the Act, the Board of Directors, to the best of their knowledge and ability, confirm that for the financial year ended March 31, 2022:

(i) In the preparation of the annual accounts, the applicable accounting standards have been followed and 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 Company for that period;

(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 annual accounts on a ‘going concern basis?;

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

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

CORPORATE SOCIAL RESPONSIBILITY ["CSR"] AND SUSTAINABILITY INITIATIVES

In compliance with Section 135 of the Act, the Company has undertaken CSR activities, projects, and programs, excluding activities undertaken in pursuance of its normal course of business. The Natural Foods & Beverages Policy of the Company 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.

Under Section 135 of the Act, the Company was required to spend Rs 13.32 Crores (2%) of the average qualifying net profits of the last three financial years on CSR activities on projects in FY 2021-22. During the year under review, the Company has spent Rs 13.54 Crores (2.03%) on CSR activities, which includes the amount spent on administrative overheads and for impact assessment. The Board of Directors at their Meeting approved the same. Accordingly, the Company has met its obligation of spending Rs 13.32 Crores for FY2021-22. In addition to the projects specified as CSR activities under section 135 of the Act, the Company has also carried out several other sustainability/responsible business initiatives and projects on a global scale.

The Annual Report on CSR containing the composition of the CSR & Sustainability Committee, salient features of the CSR Policy, details of activities, and other information as required under Companies (Corporate Social Responsibility Policy) Rules, 2014 are provided in Annexure 2 attached to this Report. The CSR Policy may be accessed on the Company?s website at the link: https:// www.tataconsumer.com/investors/policies.

Since the average CSR obligation for the preceding 3 financial years i.e. FY 2018-19, FY 2019-20, and FY 202021 was less than Rs 10 Crores, the impact assessment report was not applicable in FY 2021-22. However, the Company has voluntarily undertaken the impact assessment of CSR projects carried out in FY 2020-21, through an independent agency. The impact assessment report for FY 2020-21 is available on the website of the Company https://www.tataconsumer.com/sustainability.

STATUTORY AUDITORS AND AUDITORS' REPORT At the 54th AGM held on August 18, 2017, the Members had approved the appointment of Deloitte Haskins & Sells LLP, ("Deloitte") Chartered Accountants (ICAI Firm Registration No.117366W/W-100018) as the Statutory Auditors for a period of 5 (five) years commencing from the conclusion of the 54th AGM until the conclusion of the 59th AGM to be held in the year 2022. Accordingly, their first term as Statutory Auditors expires at the conclusion of the 59th AGM.

Pursuant to the provisions of Section 139(2)(b), an audit firm can be appointed for two terms of five consecutive years each. Accordingly, the Board approved the reappointment of Deloitte based on the recommendations of the Audit Committee and the same is subject to the approval of the Members of the Company. The Notice of ensuing 59th AGM includes the proposal for seeking Members? approval for the re-appointment of Deloitte as the Statutory Auditors, for the second term of 5 (five) years commencing from the conclusion of the 59th AGM until the conclusion of the 64th AGM to be held in the year 2027.

deloitte has provided their consent and a certificate of their eligibility under sections 139 and 141 of the Act and the Companies (Audit and Auditors) Rules 2014 for their continuance as the Statutory Auditors of the Company for the second term of 5 (five) years. In terms of the Listing Regulations, the Auditors have confirmed that they hold a valid certificate issued by the Peer Review Board of the ICAI. Accordingly, Deloitte is eligible for re-appointment as Statutory Auditors of the Company.

The Statutory Auditors? Report for FY 2021-22 on the financial statement of the Company forms part

of this Annual Report. Auditors have expressed their unmodified opinion on the Standalone and Consolidated Financial Statements and their reports do not contain any qualifications, reservations, adverse remarks, or disclaimer.

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

SECRETARIAL AUDITORS AND AUDITORS' REPORT

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 2021-22 is attached herewith as Annexure 3. There are no qualifications, observations or adverse remarks, or disclaimer in the said report.

COST RECORDS AND COST AUDITORS

During the year under review, in accordance with Section 148(1) of the Act, the Company has maintained the accounts and cost records, as specified by the Central Government. Such cost accounts and records are subject to audit by M/s Shome and Banerjee, Cost Auditors of the Company for FY 2021-22.

The Board has re-appointed M/s Shome and Banerjee, Cost Accountants (Firm Registration Number: 000001) as Cost Auditors of the Company for conducting cost audit for the FY 2022-23. A resolution seeking approval of the Shareholders for ratifying the remuneration payable to the Cost Auditors for FY 2022-23 is provided in the Notice of the ensuing Annual General Meeting.

The Cost accounts and records as required to be maintained under section 148 (1) of the 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 the mid-term to the long-term objectives of the business, including those reputational in nature.

The Company has an elaborate risk charter and risk policy defining the risk 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 the 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 pronounced it as a leader the FMCG category. The Company was consecutively for the third time declared as the winner in the category in "Master of Risk in FMCG category", at the eighth edition of The India Risk Management Awards 2022 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.

VIGIL MECHANISM / WHISTLE-BLOWER POLICY The Company?s vigil mechanism allows the Directors and employees to report their concerns about unethical behavior, actual or suspected fraud, or violation of the code of conduct /business ethics as well as to report any instance of leak of Unpublished Price Sensitive Information. The vigil mechanism provides for adequate safeguards against victimization of the Director(s) and employee(s) who avail of this mechanism. No person has been denied access to the Chairman of the Audit Committee.

The Whistle-Blower Policy of the Company can be accessed on the Company?s website at the link: https:// www.tataconsumer.com/investors/policies.

PARTICULARS OF LOANS, GUARANTEES, AND INVESTMENTS BY THE COMPANY

The particulars of loans, guarantees, and investments covered under the provisions of Section 186 of the Act have been disclosed in the financial statements.

RELATED PARTY TRANSACTIONS

During the year under review, all Related Party Transactions (RPTs) entered into by the Company were on an arms? length basis and in the ordinary course of business. These RPTs did not attract provisions of Section 188 of the Companies Act, 2013 and were also not material RPTs under Regulation 23 of the Listing Regulations. All related party transactions were approved by the Audit Committee and are periodically reported to the Audit Committee. Prior approval of the Audit Committee was obtained periodically for the transactions which were planned and/or repetitive in nature and omnibus approvals were also taken as per the policy laid down for unforeseen transactions.

None of the transactions with related parties falls under the scope of Section 188(1) of the Act. The information on transactions with related parties pursuant to Section 134(3)(h) of the Act read with Rule 8(2) of the Companies (Accounts) Rules, 2014 in Form AOC-2 does not apply to the Company for the FY 2021-22 and hence the same is not provided. The details of the transactions with related parties during FY 2021-22 are provided in the accompanying financial statements.

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

In line with the requirements of the Act and the Listing Regulations, the Company has formulated a Policy on Related Party Transactions and the same can be accessed on the Company?s website at https://www.tataconsumer. com/investors/policies.

During the year under review, the Policy was reviewed and amended by the Audit Committee and the Board of Directors to encompass inter-alia the regulatory changes brought as per amendment in Regulation 23 of the Listing Regulations (effective from January 1, 2022) as well to bring more clarity on certain other operational aspects as per industry benchmark.

The said Policy was further amended by the Audit Committee and the Board of Directors on May 3 & 4, 2022 respectively, to encompass inter-alia the regulatory changes brought as per amendment in Regulation 23 of Listing Regulations (effective from April 1, 2022) and criteria for material modification of related party transactions.

ANNUAL RETURN

As provided under Section 92(3) & 134(3)(a) of the Act, the Annual Return for FY 2021-22 is uploaded on the website of the Company and can be accessed at https:// www.tataconsumer.com/investors/investor-information/ annual-returns.

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 is given in Annexure 4 attached to this report.

Pursuant to Section 197(14) of the Act, the details of remuneration received by the Executive Director from the Company?s subsidiary company during FY 2021-22 are also given in Annexure 4 attached to this report.

The statements required under Section 197(12) read with Rule 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (‘the Rules?), as amended, form part of this report and will be made available to any Member on request, as prescribed therein.

SIGNIFICANT AND MATERIAL ORDERS PASSED BY THE REGULATORS OR COURTS

There are no significant and material orders passed by the 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 the workplace and has formulated a policy on prevention, prohibition, and redressal of sexual harassment at the 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 the Internal Committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013.

There were no complaints relating to sexual harassment pending at the beginning of the financial year. During the year under review, ICC received two complaints of which one was resolved and the other was under investigation at the end of the financial year. Accordingly, one complaint remained pending as on the end of the Financial Year 2021-22.

SECRETARIAL STANDARDS

The Institute of Company Secretaries of India has currently mandated compliance with the Secretarial Standards on board meetings and general meetings. During the year under review, the Company has complied with the applicable Secretarial Standards.

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 the public was outstanding as on March 31, 2022.

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 5 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 thank the Government of India, Governments of various States in India, Governments of various Countries, and concerned Government departments for their co-operation.

The Directors regret the loss of life due to the COVID-19 pandemic and are deeply grateful and have immense respect for every person who risked their life and safety to fight this pandemic.

The Directors appreciate and value the contribution made by every member, employee, and their families of the Tata Consumer Products Group.

On behalf of the Board of Directors
N. Chandrasekaran
Mumbai Chairman
May 4, 2022 (DIN 00121863)

   

Tata Consumer Products Ltd Company Background

N ChandrasekaranSunil A D'Souza
Incorporation Year1962
Registered Office1 Bishop Lefroy Road,
Kolkata,West Bengal-700020
Telephone91-033-22813709/3779/3891/3988,Managing Director
Fax91-033-22811199/22833032
Company SecretaryNeelabja Chakrabarty
AuditorDeloitte Haskins & Sells LLP
Face Value1
Market Lot1
ListingBSE,Kolkata,London,Luxembourg,MSEI ,NSE,
RegistrarTSR Consultants P Ltd
C-101 1st Floor,247 Park Vikhroli W,Lal Bahadur Marg,Mumbai - 400 083

Tata Consumer Products Ltd Company Management

Director NameDirector DesignationYear
N Chandrasekaran Chairman (Non-Executive) 2022
L Krishnakumar Executive Director & CFO 2022
Siraj Azmat Chaudhry Non-Exec. & Independent Dir. 2022
Neelabja Chakrabarty Company Sec. & Compli. Officer 2022
Bharat Puri Non-Exec. & Independent Dir. 2022
Shikha Sharma Non-Exec. & Independent Dir. 2022
Sunil A D'Souza Managing Director & CEO 2022
P B Balaji Non-Exec & Non-Independent Dir 2022
K P Krishnan Independent Director 2022
David Crean Independent Director 2022

Tata Consumer Products Ltd Listing Information

Listing Information
NIFTY
BSE_500
BSE_FMCG
BSE_100
BSE_200
BSEDOLLEX
CNX500
CNX100
CNX_FMCG
CNXCONSUMP
CNX200
BSECARBONE
NI15
NFT100EQWT
BSEALLCAP
BSELARGECA
BSEMANUFAC
SENSEX50
ESG100
LMI250
BSEDSI
NFT50EQWT
BSE100LTMC
NFTYLM250
NFTYALV30
NF500M5025

Tata Consumer Products Ltd Finished Product

Product NameUnit Installed
Capacity
Production
Quantity
Sales
Quantity
Sales
Value
Sale of Goods Kg 0007087.06
Management Service Fees NA 00026.08
Other Operating Revenues NA 00022.41
Royalty Income NA 00010.26
Export Incentives NA 0008.55
Coffee Kg 0000
Tea-Others Kg 0000
Pepper Kg 0000
Cardamom Kg 0000
Tea-Instant & Packed Kg 0000
Others Uni0000
Traded Goods NA 0000
Excise duty NA 0000
Service rendered NA 0000

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