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The new offering is in line with TCP's focus to innovate and add on to Tata Soulfull's existing portfolio that includes cereals, wholesome snacks, muesli, and plant-based protein drinks.
The brand stores emphasize on Indian diverse textiles and workmanship under one roof for the finest and unique handcrafted ethnic wear like sarees, kurtas, and other apparel.
The company had posted a net profit of Rs 74.35 crore in the January-March quarter a year ago, said TCPL, earlier known as Tata Global Beverages Ltd, in a BSE filing.
The Tatas finally launched its super app, Tata Neu, on April 7, after piloting it for months, but the group chairman claimed there was no delay in the commercial launch.
This will help Tata Consumer Products Ltd (TCPL) in creating focused business verticals and unlock potential synergies between them, said D'Souza while addressing a conference call.
On the consolidation of interest in TCP UK, the company said its Board has approved the purchase of 10.15 percent minority interest in its UK subsidiary from Tata Enterprise (Overseas) AG, Switzerland (TEO).
The company had posted a net profit of Rs 237.38 crore in the corresponding quarter last year, said TCPL (earlier known as Tata Global Beverages Ltd), in a BSE filing.
Prior to this, Eccles was earlier with Cereal Partners Worldwide, a joint venture between Nestle and General Mills, where he was vice-president, with business responsibilities for the UK, Ireland, Australia, and New Zealand.