FE
The fast-moving consumer goods (FMCG) arm of the Tata group – Tata Consumer Products – is aiming for a turnover of Rs 1,000 crore in the current financial year (FY24) from the NourishCo portfolio. The latter, which includes brands such as Himalayan packaged water, Tata Gluco Plus and Tata Copper Plus, closed FY23 with net sales of Rs 621 crore, a growth of 80% versus the previous year.
The Rs 1,000-crore topline target for FY24 for NourishCo implies a growth of 61% versus FY23, which the company said would be achieved on the back of new launches and a distribution push across markets this year.
