Tata Consumer Products Ltd.

Tata Global Beverages is currently trading at Rs. 141.05, up by 0.40 points or 0.28% from its previous closing of Rs. 140.65 on the BSE.

The scrip opened at Rs. 142.70 and has touched a high and low of Rs. 143.00 and Rs. 140.90 respectively. So far 95056 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 170.20 on 03-Nov-2013 and a 52 week low of Rs. 122.00 on 26-Mar-2013.

Last one week high and low of the scrip stood at Rs. 148.85 and Rs. 138.35 respectively. The current market cap of the company is Rs. 8744.16 crore.

The promoters holding in the company stood at 35.10% while Institutions and Non-Institutions held 36.71% and 27.20% respectively.

In a bid to strengthen its coffee business, Tata Global Beverages is looking to expand the coffee business either through acquisitions or by extending the existing brands both in India and overseas markets.

In India, the company has got a few coffee brands such as Coorg, Tata Coffee and Mr Bean. However, while these brands have a dominant position in the southern market, they have been unable to take on Nescafe and Hindustan Unilever’s Bru at the national level. Similarly, in the US, which is dominantly a coffee drinking nation, the company is witnessing a major challenge from local coffee players.

Meanwhile, the company has been pushing the coffee business through its joint venture with Starbucks in India.

The company reported 23.56% rise in its net profit at Rs 87.95 crore for the quarter as compared to Rs 71.18 crore for the same quarter in the previous year. Total income of the company increased 12.52% at Rs 768.90 crore for quarter under review, as compared to Rs 683.36 crore for the quarter ended December 31, 2012.