Report as on 20 October 2020 at 09:45 PM

LOW DEBT
Outstanding Tata
Results in Jun 20
Consumer
Mildly Bullish
Technical Trend Buy

High (39.33%) CMP: 477.90

Institutional Holding
STOCK INFO:

Market Beating
BSE – 500800/ NSE – TATACONSUM
Market Cap - Large Cap (Rs. 44,234 cr)

Returns
Sector – Tea/Coffee
52 w H/L (Rs.) – 592/177.1
Dividend Yield: 0.57%
Last 1 Year Debt Equity: -0.07%
Return on Equity: 4.65%
Price to Book: 3.18

www.marketsmojo.com
Tata Consumer
CMP: 477.90 Buy 70
Report as on 20 October 2020 at 09:45 PM Strong Sell Sell Hold Buy Strong Buy

WHY IT’S A BUY? IS THIS STOCK FOR YOU?

Medium Risk, High Return (1 Year)
Company has a low Debt to Equity ratio (avg) at -
0.07 times Absolute Risk Volatility
Adjusted
With a growth in Net Profit of 160.94%, the Tata Consumer 69.47% 1.41 49.17%
company declared Outstanding results in Jun 20 SENSEX 3.17% 0.10 31.38%
-The company has declared positive results for the
last 2 consecutive quarters How much should you buy? -
-PAT(Q) At Rs 278.24 cr has Grown at 112.9 % Overall Portfolio exposure to Tata Consumer should be
-OPERATING CF(Y) Highest at Rs 745.03 Cr less than 10%
-DPS(Y) Highest at Rs 2.70 Overall Portfolio exposure to Tea/Coffee should be less
than 30%
Stock is technically in a Mildly Bullish range (If sector exposure > 30%, please use optimiser tool to
-The technical trend has deteriorated from Bullish see which are the best stocks to hold in Tea/Coffee)
on 30-Sep-20 and has generated -4.41% returns When to exit? - We will constantly monitor the
since then company and suggest at the appropriate time to exit
from the stock
-Multiple factors for the stock are Bullish like MACD,
Bollinger Band, KST, DOW and OBV
RETURNS SUMMARY (Price + Dividend)
High Institutional Holdings at 39.33% The stock gave a total returns of 70.43% in the last 1 year
-These investors have better capability and Outperforming Sensex returns of 3.17%
resources to analyse fundamentals of companies 200%
than most retail investors.
100%
Market Beating Performance
-The stock has generated a return of 69.47% in the 0%
last 1 year, much higher than market (BSE 500)
returns of 2.74% -100%
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Tata Cons umer Products Ltd Sens ex

WHAT ARE YOUR RISKS?
Poor long term growth as Net Sales has grown by an Investors Returns (3 years) –
annual rate of 4.02% over the last 5 years Period 6M 1Y 2Y 3Y
With ROE of 4.6, it has a Expensive valuation with a
Stock (%) 48.01% 70.43% 112.67% -
3.2 Price to Book Value
-The stock is trading at a premium compared to its Sector (%) 46.63% 46.63% 113.91% -
average historical valuations Sensex (%) 28.11% 3.17% 18.15% -
-Over the past year, while the stock has generated a
return of 68.9%, its profits have risen by 76.9% ; the
PEG ratio of the company is 2.6

MOJO PROFESSIONAL 1
Tata Consumer BUY | Report as on 20 October 2020 at 09:45 PM

BEFORE PROCEEDING AHEAD

This Real-Time Stock Analysis service is only for
PAID SUBSCRIBERS of www.marketsmojo.com

This Real-Time Stock Analysis Report was

generated on 20th October, 2020 at 09:45 PM, and
may not be valid if you are reading it later.

Some factors/data, as well as the buy/sell/hold call

might have changed.

To access the LATEST version of this report.

Click Here

MOJO PROFESSIONAL 2
Tata Consumer BUY | Report as on 20 October 2020 at 09:45 PM

CAPITAL STRUCTURE

COMPANY HAS A LOW DEBT TO EQUITY

RATIO (AVG) AT -0.07 TIMES
Total Debt Debt to Equity Ratio
Low Debt to Equity Ratio Jun 2020 1,512.41 -0.02
Company’s average Debt to Equity ratio over the past few Jun 2019 1,116.90 0.02
years is low at -0.02 times
Jun 2018 1,221.24 0.07
No clear trend in Debt to Equity Ratio numbers Jun 2017 867.96 0.08
Jun 2016 1,004.64 0.08

Total Debt Debt to EBITDA Ratio

Low Debt to EBITDA Ratio Jun 2020 1,512.41 0.08
Company’s average Debt to EBITDA ratio over the past few Jun 2019 1,116.90 0.27
years is low at 1.38 times
Jun 2018 1,221.24 0.61
No clear trend in Debt to EBITDA Ratio numbers Jun 2017 867.96 0.53
Jun 2016 1,004.64 0.54

Total Debt EBIT to Interest

Healthy EBIT to Interest Jun 2020 1,512.41 11.16
Company has healthy average EBIT to Interest ratio of 11.16 Jun 2019 1,116.90 9.67
times
Jun 2018 1,221.24 8.9
Company has experienced an increase in its EBIT to Interest in Jun 2017 867.96 7.25
each of the past 3 consecutive years,Company’s EBIT to
Jun 2016 1,004.64 7.09
Interest growth has increased in each of the past 3
consecutive years,EBIT to Interest has seen a high growth of
22.22% over previous period

MOJO PROFESSIONAL 3
Tata Consumer BUY | Report as on 20 October 2020 at 09:45 PM

FINANCIAL TREND
Positive

WITH A GROWTH IN NET PROFIT OF

results for

160.94%, THE COMPANY DECLARED 2

OUTSTANDING RESULTS IN JUN 20 consecutive
quarters

Near term PBT trend is positive

Rs 403.5 PBT less Other Income (Rs Cr)
Highest at Rs 403.47 cr.
40 3.47

cr in the last five quarters 236.57 225.62

20 0 .56
PBT - Quarterly 167.76

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020

Near term PAT trend is very 278.24

Rs 278.2 positive
187.9
PAT (Rs Cr)
cr
169.95
153.59
Highest at Rs 278.24 cr. and Grown 130 .72

PAT - Quarterly each quarter in the last five quarters

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020

Near term sales trend is positive 2 492.96

2 713.91
2 40 5.0 3

Rs 2,713.9 Net Sales (Rs Cr)

Highest at Rs 2,713.91 cr
1 897.13 1 834.0 6
cr in the last five quarters
Net Sales -
Quarterly

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020

MOJO PROFESSIONAL 4
Tata Consumer BUY | Report as on 20 October 2020 at 09:45 PM

FINANCIAL TREND

The company has generated

Rs 97.5 higher cash revenues from 745.0 3

business operations
cr Operating Cash Flows (Rs Cr)
Operating Cash Highest at Rs 745.03 Cr
198.7
Flow- Annually in the last three years 97.47

Mar 2018 Mar 2019 Mar 2020

Near term Operating Profit trend

is positive
Rs 482.7 482.65
Operating Profit (Rs Cr)
cr Highest at Rs 482.65 cr. 318.13 30 8.36
264.8
Operating Profit in the last five quarters 234.65

- Quarterly

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020

Company's efficiency has 17.78

17.8% improved 13.96

12.79 12.76 12.82
Operating Profit to Sales
Operating Profit Highest at 17.78%
Margin - in the last five quarters
Quarterly

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020

MOJO PROFESSIONAL 5
Tata Consumer BUY | Report as on 20 October 2020 at 09:45 PM

FINANCIAL TREND

Increasing profitability; company 3.55

has created higher earnings for

Rs 3.6 cr shareholders
1.99
2.42
1.84

Earnings per
EPS (Rs)
Share (EPS) -
Highest at Rs 3.55
Quarterly
in the last five quarters
-0 .83

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020

Short Term liquidity is improving 1 621.46

Rs 1,621.5 Cash and Cash Equivalents

Highest at Rs 1,621.46 cr 1 238.14 1 290 .17

cr in the last six half yearly periods

1 10 6.54 1 0 33.61

696.33
Cash and Eqv -
Half Yearly

Sep 2017 Mar 2018 Sep 2018 Mar 2019 Sep 2019 Mar 2020

Company is distributing higher 2.5 2.5

2.7

Rs 2.7 cr dividend from profits generated 2.25

2.35

DPS (Rs)
Dividend per Highest at Rs 2.70
Share (DPS) - in the last five years
Annually

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020

Jun'20 Jun'19 Change%

Net Sales 2,713.9 1,897.1 43.1%
Key Operating Profit (PBDIT) excl Other Income 482.7 264.8 82.3%
Result Interest 17.3 18.2 -5.3%
Highlights Exceptional Items 63.3 -8.1 885.5%
Consolidated Net Profit 327.6 125.3 161.4%
Operating Profit Margin (Excl OI) 17.8 14.0 3.8%
Consolidate- figures in Rs Cr

MOJO PROFESSIONAL 6
Tata Consumer BUY | Report as on 20 October 2020 at 09:45 PM

TECHNICALS

STOCK IS TECHNICALLY IN A MILDLY

BULLISH RANGE
Mildly Bullish Daily Moving Averages indicating near term price strength
Current Price 50 Day Moving Average 200 Day Moving Average

477.90 522.52 404.30

Factors with upward momentum

Indicator Technical Trend
MACD Bullish (monthly)
Bollinger Band Bullish (weekly)
Bollinger Band Mildly Bullish (monthly)
KST Bullish (monthly)
Dow Theory Bullish (monthly)
OBV Bullish (monthly)

Market Beating Performance in the last one year

3 Months 1 Year

12.95% 69.47%

8.48%

2.74%

Sto c k BSE 500 Sto c k BSE 500

MOJO PROFESSIONAL 7
Tata Consumer BUY | Report as on 20 October 2020 at 09:45 PM

SHAREHOLDING

INSTITUTIONAL INVESTORS COLLECTIVELY

HOLD 39.33 % OF THE COMPANY
These investors have better capability and 6 0%

resources to analyse fundamentals of companies

than most retail investors.
39.73% 40 .63% 40 .93% 40 .46% 39.33%
39.0 4%
40%

20%

0%
Mar 19 Jun 19 Sep 19 Dec 19 Mar 20 Jun 20

FIIs
19.49%
Other
0 .0 3%
Raising FIIs Confidence
FIIs have increased holdings this quarter and now hold 19.49% of the
Insura nce
No n Institutio n
Co mp a nies
25.97% company
5.63%

Mutua l Fund s
13.42% Other DIIs
0 .79%

Pro mo ters
34.69%

FII
30% 27.80 %
26.61% 26.0 4%

holding has increased by

19.49%
2.42% 20%
17.0 7%

Number of FIIs holding stake in the company has

increased to 475 from 296
10%

0%
Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020

MOJO PROFESSIONAL 8
Tata Consumer BUY | Report as on 20 October 2020 at 09:45 PM

RETURNS

MARKET BEATING PERFORMANCE

The stock has generated 200%
a return of 69.47% in the
last 1 year, much higher 100%

69.47% than market (BSE 500)

returns of 2.74% 0%

UP -100%

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Tata Cons umer Products Ltd BSE 500

Inconsistent Performance against Large Cap

companies
Tata Consumer Products Ltd has not been a
consistent performer in the YTD

1st
Quartile
1st
Quartile
4th
Quartile
Stock has been in the 1st quartile in 2019
and in the YTD period

YTD 2019 2018

48.08% 46.47% -30.66%

Company 1 Month 3 Month 1 Year 3 Years

Tata Consumer -11.6% 12.95% 69.47% -
Return CCL Products (India) -11.17% -1.75% 8.3% -
Comparison
Tata Coffee -7.2% 29.67% 35.42% -
with Peers
Closest peers by Andrew Yule & - - - -
market cap
Goodricke Group - - - -

MOJO PROFESSIONAL 9
Tata Consumer BUY | Report as on 20 October 2020 at 09:45 PM

FACTORS
NOT WORKING
FOR THE COMPANY


MOJO PROFESSIONAL 10
Tata Consumer BUY | Report as on 20 October 2020 at 09:45 PM

GROWTH

POOR LONG TERM GROWTH AS NET SALES

HAS GROWN BY AN ANNUAL RATE OF
4.02% OVER THE LAST 5 YEARS

Poor Growth in Net Sales 10000Cr 9,445

of 4.0% CAGR
4.0% Company has experienced an
7500Cr
7,754
6,70 2 6,748 6,913
7,346

CAGR increase in its Net Sales in each of the

past 4 consecutive years 5000Cr

Company’s Net Sales growth has

increased in each of the past 4 2500Cr
consecutive years
Net Sales has seen a high growth of 0Cr
28.57% over previous period Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020

Operating Profit of 12.0% 1500Cr

CAGR
12.0% Operating Profit has seen a high
1,10 9

CAGR growth of 67.52% over previous

1000Cr

727
period 628
678 662
586

500Cr

0Cr
Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020

Net Profit of 24.2% CAGR 1000Cr

24.2%
789
Net Profit has seen a high growth of
750Cr
82.64% over previous period
CAGR
518
500Cr 432
40 7
350
267
250Cr

0Cr
Jun 2015 Jun 2016 Jun 2017 Jun 2018 Jun 2019 Jun 2020

MOJO PROFESSIONAL 11
Tata Consumer BUY | Report as on 20 October 2020 at 09:45 PM

VALUATION

WITH ROE OF 4.6, IT HAS A EXPENSIVE

VALUATION WITH A 3.2 PRICE TO BOOK
VALUE
Exp ensive

Expensive And rew Yule &

G o o d ricke G ro up

valuation
TaTa
tata
CoCo
nsumer
ffee

Va lua tio n CCL Pro d ucts (Ind ia )

as compared to its Fundamentals

Attra ctive
Weak Fundamental Strong

Price to Book Value vs ROE

Very 8 3.6

Expensive
Fundamental

Valuation
4 2.4

as compared to its
past valuations 0
Mar-2016 Sep-2016 Mar-2017 Sep-2017 Mar-2018 Sep-2018 Mar-2019 Sep-2019 O c t-2020
1.2

Company Valuation Price to Book PE Ratio PEG Ratio Dividend

Ratio Yield
Key
Tata Consumer Expensive 3.2 55.8 2.6 0.6%
Valuation
Multiples CCL Products (India) Fair 3.6 19.8 1.5 2%
vs Peers Tata Coffee Expensive 1.5 20.9 0.4 1.4%
Andrew Yule & Risky 1.8 -25.1 0 0%
Goodricke Group Very Expensive 2 22.3 0.1 0%

MOJO PROFESSIONAL 12
Tata Consumer BUY | Report as on 20 October 2020 at 09:45 PM

RESULT
ANALYSIS 

MOJO PROFESSIONAL 13
Tata Consumer BUY | Report as on 20 October 2020 at 09:45 PM

QUARTERLY VARIANCE

QUARTER RESULTS VARIANCE ANALYSIS

Jun'20 Mar'20 QoQ Jun'19 YoY Comments
Total Operating income 2,714 2,405 12.8% 1,897 43.1% High Growth in previous quarter
and same quarter last year
Total Expenditure (Excl Depreciation) 2,231 2,097 6.4% 1,632 36.7% High Growth in previous quarter
and same quarter last year
Operating Profit (PBDIT) excl Other Income 483 308 56.5% 265 82.3% High Growth in previous quarter
and same quarter last year
Other Income 33 22 49.2% 31 7.1% High Growth in previous quarter
and same quarter last year
Operating Profit (PBDIT) 515 330 56% 295 74.5% High Growth in previous quarter
and same quarter last year
Interest 17 19 -7.6% 18 -5.3% Fall in previous quarter and same
quarter last year
Exceptional Items 63 -264 -124% -8 -885.5% Fall in previous quarter and same
quarter last year
Depreciation 62 64 -3.3% 46 34.6%
Profit Before Tax 499 -17 -3% 223 124%
Tax 110 33 230.8% 74 49.4% High Growth in previous quarter
and same quarter last year
Provisions and contingencies 0 0 0% 0 0%
Net Profit 389 -50 -874.9% 149 160.9%
Share in Profit of Associates -44 -72 -39.8% -7 486%

Minority Interest 18 -46 -139.1% -16 -210% Fall in previous quarter and same
quarter last year
Other related items 0 0 0% 0 0%
Consolidated Net Profit 328 -76 -528.2% 125 161.4%

Consolidate results triggered in Rs Cr

Margins
Jun'20 Mar'20 Dec'19 Sep'19 Jun'19 Avg. (4 Comments
Qtrs)
OPM 17.8% 12.8% 12.8% 12.8% 14.0% 13.1% Higher than average (4 Qtrs) – Promising
GPM 20.7% 2.0% 13.1% 13.0% 14.2% 10.6% Higher than average (4 Qtrs) – Promising
NPM 14.3% -2.1% 7.6% 7.8% 7.9% 5.3% Higher than average (4 Qtrs) – Promising

MOJO PROFESSIONAL 14
Tata Consumer BUY | Report as on 20 October 2020 at 09:45 PM

ANNUAL RESULT

NET SALES - YOY GROWTH IN YEAR ENDED

MAR 2020 IS 32.90% VS 6.40% IN MAR 2019
Consolidated Net Profit: YoY Growth in year ended Mar 2020 is 12.63% vs -17.63% in Mar
2019
Operating Profit (PBDIT) excl Other Income: YoY Growth in year ended Mar 2020 is
64.41% vs -6.32% in Mar 2019
Interest: YoY Growth in year ended Mar 2020 is 48.39% vs 22.71% in Mar 2019 32.90%
Operating Profit Margin (Excl OI): YoY Growth in year ended Mar 2020 has improved from NET SALES
Mar 2019

Mar'20 Mar'19 Change(%)

Net Sales 9,637.42 7,251.50 32.90%
Key Operating Profit (PBDIT) excl Other Income 1,292.15 785.91 64.41%
Annual Interest 77.86 52.47 48.39%
Results Exceptional Items -274.79 -33.29 -725.44%
Consolidated Net Profit 459.76 408.19 12.63%
Operating Profit Margin (Excl OI) 13.41 10.84 2.57%
Figures in Rs Cr | Seasonal companies are compared with the same quarter last year

Net Sales-YoY Growth in year ended Mar 2020 is 32.90% vs Consolidated Net Profit-YoY Growth in year ended Mar 2020
6.40% in Mar 2019 is 12.63% vs -17.63% in Mar 2019
15000 1000

9,637.42 495.56 40 8.19 459.76

10000 500 389.44
6,636.54 6,779.55 6,815.35 7,251.50

5000 0
-5.52
0 -500
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020

Operating Profit (PBDIT) excl Other Income-YoY Growth in Operating Profit Margin (Excl OI)-YoY Growth in year ended
year ended Mar 2020 is 64.41% vs -6.32% in Mar 2019 Mar 2020 has improved from Mar 2019
2000 20

1,292.15 12.31 13.41

11.67 10 .84
9.86
1000 791.13 838.91 785.91 10
654.33

0 0
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020

Figures in Rs Crore

MOJO PROFESSIONAL 15
Tata Consumer BUY | Report as on 20 October 2020 at 09:45 PM

BALANCESHEET AND CASHFLOW

BALANCE SHEET AND CASH FLOW ANALYSIS

77.02%
Mar'20 Mar'19 Change%
Borrowings 1,977.15 1,116.90 77.02%

Increase
Other Long Term Liabilities 322.75 7.61 4,141.13%
Fixed Assets 11,400.10 5,275.01 116.12%
Investments 539.34 656.10 -17.80%
in Borrowings in Current Assets 5,682.06 4,547.97 24.94%
quarter ended Mar
Figures in Rs Cr
2020 vs in Mar 2019

Other Long Term Liabilities: YoY Growth in year ended Mar 2020 is 4,141.13% vs 19.47% in Mar 2019
Fixed Assets: YoY Growth in year ended Mar 2020 is 116.12% vs 8.15% in Mar 2019
Investments: YoY Growth in year ended Mar 2020 is -17.80% vs 2.02% in Mar 2019
Current Assets: YoY Growth in year ended Mar 2020 is 24.94% vs 0.29% in Mar 2019

Cash From Operation - YoY Growth in year ended Mar

415.67% 2020 is 415.67% vs -40.98% in Mar 2019
Mar'20 Mar'19 Change%
GROWTH Cash Flow from Operating Activities 1,082.23 209.87 415.67%
Figures in Rs Cr

1500

1,0 82.23
1000
741.20

500 355.58
20 9.87
115.98

0
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020

MOJO PROFESSIONAL 16
Tata Consumer BUY | Report as on 20 October 2020 at 09:45 PM

PEER COMPARISION

PEER COMPARISON
Tata Consumer CCL Products Tata Coffee Andrew Yule & Goodricke
(India) Group
Size
Market Cap (Cr.) 44,059 3,352 1,938 612 594
Annual Sales (Cr.) 9,446 1,155 2,087 272 764
Annual Net Profit (Cr.) 790 170 93 -24 27
Growth Factors
Net Sales Growth 1 year 28.6% 9% 12.9% -13.6% -1.3%
Operating Profit Growth 1 year 67.4% 4.6% 40.2% -79.8% 33.8%
Net Profit Growth 1 year 76.9% 13.1% 59% -280.4% 226.6%
Net Sales Growth 5 year 4% 4.6% 4.6% -6.5% 5.1%
Operating Profit Growth 5 year 12% 8% 0.2% -243.9% 6.7%
Net Profit Growth 5 year 24.2% 10.3% -2.9% -219% 12%
Capital Structure Factors
EBIT to Interest 14.6 12.7 4.3 -4.2 2.3
Debt to EBITDA 1.3 1.4 3.9 -4.1 2.7
Net Debt to Equity -0.1 0.4 0.8 0 0.2
Sales to Capital Employed 0.7 0.9 0.9 0.8 2.3

Management Quality Factors

ROCE (latest) 7.1% 18.6% 10.5% -12.1% 2.9%
ROE(latest) 4.6% 17.9% 6.3% -6.3% 8.9%
Tax Ratio 28.5% 21.6% 27.5% 3.4% -15.8%
Operating CF to Net Profit 168.5% 54.6% 329.9% -229.4% 247.4%
Dividend Payout Ratio
Valuation Factors
PE Ratio 55.8 19.7 20.9 -25.1 22.3
Price to Book 3.2 3.6 1.5 1.8 2
PEG Ratio 2.6 1.5 0.4 - 0.1
Dividend Yield 0.6% 2% 1.4% - -
EV to EBITDA 32.1 13.3 8.4 -17.6 15.6
EV to Capital Employed 3.3 2.9 1.3 1.7 1.8
Shareholding
Promoter Holdings 34.7% 46.2% 57.5% 89.2% 74%
Promoter Pledged Holdings 2.7% - - - -
Total Institutional Holding 39.3% 28.3% 5.6% 4.8% 0%
FII Holdings 19.5% 12.2% 0% - -
Returns
1 Month -11.5% -9.8% -7.1% -12.7% -9.2%
3 Months 13% 0.4% 29.7% 0.1% 27.9%
YTD 48.9% 25.2% 12.5% -11.5% 38.2%
1 Year 69.6% 10.4% 35.3% -6.4% 66.4%
3 Years - - - - -

MOJO PROFESSIONAL 17
Tata Consumer BUY | Report as on 20 October 2020 at 09:45 PM

COMPANY BACKGROUND

COMPANY BACKGROUND

About the Company

Tata Global Beverages Ltd has a portfolio of five brands in the domestic market
INDUSTRY : namely Tata Tea,Tetley, Kanan Devan, Chakra Gold and Gemini.Tetley offers
Tea/Coffee customized products to each country ranging from black, green, fruit and herbal
teas, iced ready-to-drink teas and an extensive range of exotic speciality tea. It
caters to Australian, Middle East, West Asia, North Africa, Poland, Russia and
44,234 cr (Large Cap) Kazakhstan markets.The company is also into the strawberry preservation business.
They offer vocational rehabilitation as well as an additional source of income to
elder children.
Part of NIFTY NEXT 50

Board of Directors
N Chandrasekaran Chairman

L Krishnakumar Executive Director

S Santhanakrishnan Independent Director

Siraj Azmat Chaudhry Independent Director

Harish Bhat Director

4 more board of directors

Company Coordinates

Company Details: Registrat Details:

1, Bishop Lefroy Road Kolkata West Bengal : 700020
Tel: 033-2281 1807 / 3709 / 3779 / 3891 / 4422
Fax: 033-2281 1199
Email: dilip.sen@tatatea.co.in
Website: www.tataglobalbeverages.com
TSR Darashaw Ltd, 6-10 , Haji Moosa Patrawala Indl. Est , 20
Dr.E.Moses Road , Mahalaxmi , Mumbai
Fax: +91-22-66568494
Email: csg-unit@tsrdarashaw.com

MOJO PROFESSIONAL 18
Tata Consumer BUY | Report as on 20 October 2020 at 09:45 PM

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Tata Consumer BUY | Report as on 20 October 2020 at 09:45 PM

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