52-Week High: Tata Group Co To Acquire Organic India, Shares Zoom 22% In 1-Month

Large cap Tata Group company from the FMCG sector, Tata Consumer Products Ltd (TCPL) is planning to acquire Organic India, backed by Fabindia and Capital Foods, the make of products under the brand name Ching's Secret, as reported by Economic Times on Friday, citing people familiar with the development. The announcement is likely to be made next week, added the ET's report.

TCPL will reportedly acquire controlling stake in Organic India from Fabindia at a valuation of Rs 1,800 crore. It will buy a 75% stake in Capital Foods from Invus Group and General Atlantic at a valuation of Rs 5,100 crore. The remaining 25% stake will reportedly remain with former chairman of Capital Foods Ajay Gupta as of now but TCPL will buy that stake too in future, added the Economic Times report.

TCPL Stock Performance & Return: Last trading price of Tata Consumer Products share on BSE is Rs 1158.70 per share with intraday gain of 3.48%. The stock's 52-week high price is Rs 1165.00 per share and 52-week low price is Rs 685.00 per share, respectively. The company has a market capitalisation of Rs 1,07,644.58 crore. Tata Consumer Products shares gained 30% in last 3-months, gained 38% in last 6-months, soared 54% in last 1-year, and offered return of 57% in last 2-years. In last 3-years, Tata Consumer Products shares surged 86% and offered gain of 446% in last 5-years.

Tata Consumer Products Financials: The company's consolidated net profit was reported at Rs 389.43 crore for the second quarter ended September 30, 2022. Earlier, the Tata group company declared a net profit of Rs 285.80 crore for the July-September quarter a year ago, according to the BSE filing. Revenue from operations gained 10.87% to Rs 3,363.05 crore during the quarter under review as against Rs 3,033.12 crore in the corresponding period last year.

TCPL Managing Director and CEO Sunil D'Souza said in the regulatory filing, "We delivered another quarter of double-digit revenue growth while balancing margins despite inflationary pressures, weakness of currency and some lag in pricing in International Markets."

TCPL's revenue from the Indian market for July-September quarter rose 9.19% to Rs 2,159.95 crore, as against Rs 1,978.08 crore in the corresponding quarter of last year.

Tata Consumer Products About: Tata Consumer Products is a focused consumer products company uniting the food and beverage interests of the Tata group under one umbrella. It is home to key brands such as Tata Tea, Tetley, Tata Salt and Tata Sampann. With a combined reach of over 201 million households in India, it has an unparalleled ability to leverage the Tata brand in consumer products.

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