New Delhi: India is witnessing credible economic growth despite a volatile global environment, driven by strong demographics, digital infrastructure, and supportive government measures, Tata Consumer Products Chairman N Chandrasekaran said.
The global landscape has now become "increasingly fragmented", leading to a "high-volatility, low visibility" environment where traditional forecasting models are constantly tested, said Chandrasekaran, who is also the chairman of Tata Sons.
The world is now operating in an era marked by profound structural shifts, heightened geopolitical sensitivity and rapid technological advancements, he added.
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"Amid these global headwinds, India continues to experience credible economic growth. India's trajectory is underpinned by strong demographic fundamentals and an accelerating digital public infrastructure," he said in the latest annual report of Tata Consumer Products Ltd (TCPL).
Government measures, such as income tax cuts and reduced interest rates, along with GST reforms, have improved disposable incomes, while easing inflation, particularly food inflation, and steady government investments reinforced macroeconomic stability.
"This provides a robust canvas for the Indian consumer market, where we see an irreversible trend toward premiumisation, health & wellness and digital-native consumption," he said while addressing shareholders of the Tata group FMCG arm.
Chandrasekaran further said these changing consumer trends affirm TCPL's strategic direction, where it has systematically diversified its portfolio, nurtured brands, and built new growth engines over the years while further strengthening its core categories.
"In tandem, we have built future-ready capabilities across our business operations to enable the next phase of growth," he said, highlighting TCPL's revenue crossing Rs 20,000 crore in FY26.
TCPL has emerged as a multi-category food and beverage (F&B) company, with growth businesses accounting for 31 per cent of its India portfolio, reflecting tangible progress in reshaping the product mix and tapping into new, large market opportunities, Chandrasekaran said.
"Growth was broad-based across India, international, and non-branded businesses, highlighting the strength of our diversified model," he said.
Over the years, the company has also developed future-ready capabilities across business operations to support its next phase of growth, he added.
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He further said that as the FMCG landscape evolves, execution excellence across channels remains essential.
Now, alternate channels continue to outpace traditional retail, with new-age channels contributing 41 per cent of the company's India business, led by the rapid expansion of quick commerce, a segment the company has proactively embraced.
The traditional retail (Kirana stores etc) continues to remain the backbone of TCPL's distribution strategy, supported by investments in digital tools, advanced analytics and planning capabilities aimed at improving responsiveness, execution and driving efficiency across the value chain, he added.
Expressing confidence in the company's outlook despite short-term volatility, Chandrasekaran said TCPL's diversified portfolio, strong balance sheet and disciplined execution would help unlock future growth opportunities.
"With a solid financial base and a portfolio that reaches millions, we are ready to scale further," he said, adding that the company's focus remains on driving growth, improving margins and strengthening brand equity to create long-term stakeholder value.
