Published by the financial services company Motilal Oswal Financial Services Ltd, the report highlights why NourishCo Beverages happened to be an asset to the beverage segment of Tatacon
Tata Consumer Products Ltd. unveiled a detailed report on the benefits and revenue growth after its acquisition of NourishCo JV from PepsiCo. Published by the financial services company Motilal Oswal Financial Services Ltd, the report highlights why NourishCo Beverages happened to be an asset to the beverage segment of Tatacon.
The report proves how NourishCo is a better fit with Tatacons by pointing out significant milestones such as multiple product launches and growth in distribution network. Also the study elaborates how the bottled-water brand Bisleri is a suitable match for NourishCo.
Tata Consumer Products Ltd acquired PepsiCo’s share (50%) of NourishCo in May 2020 at a consideration of Rs. 130 million. Since acquisition, the business has registered a higher revenue CAGR (compound annual growth rate) of 38% despite the impact of the Covid, v/s the JV period. The report provides a detailed analysis on the growth of the company post acquisition.
