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N Chandrasekaran says inflation may impact demand across categories; highlights TCPL’s achievements

In this uncertain environment, we will continue to focus on strong execution, maintaining agility and nimbleness to adapt and navigate through short-term bumps; and more importantly to take advantage of opportunities that could arise during this period, Tata Sons Chairman N Chandrasekaran told the shareholders of TCPL in the company's AGM on Monday.

ET Now Digital

Updated Jun 27, 2022, 15:01 IST

N Chandrasekaran says inflation may impact demand across categories; highlights TCPL’s achievements (Courtesy: TCS Website)

New Delhi: Tata Consumer Products Ltd (TCPL) will continue to focus on strong execution, maintaining agility and nimbleness to navigate through short-term bumps in this uncertain environment, Chairman N Chandrasekaran said in his address to the shareholders at the company’s 59th annual general meeting (AGM).

Chandrasekaran's remarks came in the backdrop of the current operating environment amid geopolitical tensions as he added that persistent inflation will likely impact demand across categories.

"Geo-Political tensions, supply chain challenges, and demand-supply mismatches in crude and several other commodities are driving persistent inflation, which will likely impact demand across categories,” Chandra said on Monday.

Chandrasekaran also underscored the milestones achieved by TCPL during the year gone calling it a "very eventful" year. TCPL has made significant progress - expanding distribution, accelerating the pace of innovation, redesigning the supply network and driving digital transformation across the value chain.

"These are investments we are making for the long-term and I am confident they will position us well for future growth," he noted.

Challenges posed by the pandemic and more recently, geo-political developments have resulted in a very volatile macro-environment with a wide-ranging impact on people, economies, and businesses, he said.

However, Chandra noted that these unprecedented challenges have also thrown up opportunities for us to adapt to new ways of thinking, be agile and build for the future. This mindset has helped your company deliver strong overall performance.

TCPL was made from the merger of the consumer products business of Tata Chemicals with Tata Global Beverages and is now present in over 201 million households in India.

The company has expanded its portfolio into the Ready-to-Eat category with the acquisition of Tata SmartFoodz and the business has been integrated with speed. Our growth businesses NourishCo, Tata Sampann, Tata Soulfull and Tata Q, collectively grew 52 per cent during the year and we are investing in these businesses to fuel them further, the chairman highlighted.

For the financial year ended March 31, 2022, TCPL's consolidated revenue was ₹ 12,425 crore.

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