By Admin 
Tata Consumer Products: If you purchase items of daily need, it may put more burden on your pocket in the coming days. Tata Consumer Products (TCPL) has indicated that due to the continuously increasing cost of raw materials, the company may increase the prices of many of its products in the coming days.
The company says that if product costs continue to increase, they may have to change the prices of some items to maintain profits. These include essential items like tea, salt and branded pulses. At present, the company is keeping an eye on the market situation and will make its future strategy based on that.
Why may prices increase?
- The cost of raw materials is continuously increasing, due to which it is affecting the production cost of the company.
- The ongoing geopolitical tension in West Asia is affecting the supply chain.
- The price of tea leaves has increased due to delay in monsoon.
- The cost of tea leaves has increased by about 7% to 10%.
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Which products may increase in price?
- Tata Tea
- Tata Salt
- Tata Sampanna brand pulses
- Other Packaged Food Products
How was the company’s performance?
- The total revenue of the company during the quarter stood at Rs 5,348.88 crore.
- An increase of about 12% was recorded in revenue as compared to last year.
- The net profit of the company increased to Rs 444.86 crore, which is about 28% more.
What is the company’s plan?
- The company has recently increased the prices of tea slightly.
- The market situation will be monitored for the next 15 to 30 days.
- After this, if necessary, further changes in prices can be decided.
- If there is no relief in costs in the coming days, then the prices of other products may also increase.
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