Tata Consumer announces two new acquisitions

1. Capital Foods (CFPL)

The Company manufactures and sells chutney, masala, sauces, noodles and soups under the popular brand names – ‘Ching’s Secret’ and ‘Smith & Jones’.

Initially, Nestle was rumoured to be acquiring the Company.

Finally, it’s Tata Consumer Products that has announced the deal.

• It’s a 100% acquisition for Rs 5,100 cr
  • Full Cash transaction
    • 75% upfront
    • 25% within 3 years
• CFL’s revenue track
  • FY 24 (P) – Rs 750-770 cr
  • FY 23 – Rs 705.5 cr
  • FY 22 – Rs 574.2 cr

2. Organic India (OI)

Organic India, owned by Fabindia, is an organic brand focused on Food & Beverages and Herbal & Traditional Supplements.

• It’s a 100% acquisition for Rs 1,900 cr – upfront cash
• OI’s revenue track
  • FY 24 (P) – Rs 360-370 cr
  • FY 23 – Rs 324.4 cr
  • FY 22 – Rs 361.8 cr