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As on 01-Dec-2023  12:12

Tata Consumer appoints Ashish Goenka as Group CFO

The appointment is in line with the company's focus on building a future ready organization and strengthening organization capability, said the company.

In this role, Goenka will be responsible for the integrated finance function overseeing group accounts & finance, investments, capital structuring, forecasting and budgeting and providing strategic direction to businesses while developing and delivering annual, mid-term and long-term growth plans for the business. His role will also encompass responsibilities for strategy and M&A, legal, secretarial & compliance, investor relations & communications, internal audit & risk management functions of the company.

Goenka brings over 20 years of experience across the Finance function, joining Tata Consumer Products from Jubilant Foodworks, where he currently serves as president & CFO. Prior to this, he held senior leadership positions with Hindustan Unilever and Bharti Airtel.

Sunil D?Souza, MD & CEO, Tata Consumer Products, said ?A strong integrated finance function aligned with the company?s strategic objectives will be critical in enabling Tata Consumer?s journey to becoming a best in class FMCG company. His expertise will help us further strengthen and build future capability for the function.?

Tata Consumer Products is a focused consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella. The company's portfolio of products includes tea, coffee, water, RTD, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks and mini meals.

The company has recorded 1% rise in consolidated net profit to Rs 359 crore on a 11% increase in revenue from operations to Rs 3,734 crore in Q2 FY24 as compared with Q2 FY23.

Shares of Tata Consumer Products rose 0.32% to Rs 944.10 on the BSE.

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