This official admission by Tata comes after veteran industrialist Ramesh Chauhan said that he is scouting for a buyer for his packaged water business -- Bisleri International.
The company’s revenue from operations increased 10.58% to Rs 3,326.83 crore during the quarter under review as against Rs 3,008.46 crore in the corresponding period last fiscal year.
. Overall the company had 19% rise in revenue and 8% volume growth in the foods business, Bhan notes.
He said that Tata Consumer Products would focus on leveraging its product portfolio, expanding distribution and product innovation and entering new categories.
He said that to navigate through these 'short-term bumps' in this uncertain environment, the company will focus on strong execution, maintaining agility and nimbleness.
FMCG giants like Hindustan Unilever, Britannia, Tata Consumer, Dabur raised prices of their products - range from biscuits, sugar, salt and soaps, among others