Tata Consumer Products appoints Sharat Verma as new packaged beverages President for India & South Asia
Leadership transition comes as Tata Consumer strengthens executive team and reports strong quarterly financial performance.
INDIA – Tata Consumer Products Ltd (TCPL) has announced the appointment of Sharat Verma as President – Packaged Beverages, India & South Asia, which also includes the Organic India business.
Verma will assume the role following the departure of Puneet Das, who is stepping down after eight years with the company to pursue new opportunities.
Verma currently serves as Senior Vice President and General Manager for Fabric Care at Procter & Gamble (P&G). With more than two decades of global leadership experience across India, the Middle East, and Africa, he has been credited with contributing to the growth of prominent brands including Ariel, Tide, Gillette, Oral-B, and Olay.
His appointment is expected to support the company’s next phase of expansion within the packaged beverages segment, one of TCPL’s core business units.
The transition follows the resignation of Puneet Das, effective November 3, 2025. During his tenure, Das steered the packaged beverages division through a period marked by category growth and expanding brand presence.
Das expressed appreciation for his time at TCPL, calling it an enriching professional experience and pledging full support during the succession process.
In a separate leadership change, Prashant Parameswaran, President – Soulfull Business, has also resigned for personal reasons. His exit will take effect on December 15, 2025.
Both departures are part of a broader reorganisation as the company continues to strengthen its senior leadership capacity to compete in the fast-evolving fast-moving consumer goods (FMCG) landscape.
Financially, Tata Consumer delivered strong quarterly results. The company reported an 11% year-on-year increase in consolidated net profit to Rs 406.46 crore for the second quarter of FY26, compared to Rs 367.21 crore in the same period last year.
Revenue from operations rose 18% to Rs 4,965.90 crore, supported by growth across India, international markets, and its non-branded business.
Revenue from the India business reached Rs 3,122 crore, while the international division contributed Rs 1,288 crore. The branded business recorded revenue of Rs 4,410 crore.
EBITDA increased 7% to Rs 675 crore, although overall margins declined by 130 basis points to 13.6% due to higher marketing spending and elevated global coffee costs, which weighed on profitability in the international segment.
Tata Consumer has been strategically expanding its packaged foods portfolio, which includes products such as instant noodles and chilli oil, to diversify revenue streams and reduce exposure to commodity price volatility.
The company’s “growth” category, which includes these newer food offerings, registered a 27% year-on-year increase, outpacing the company’s overall revenue growth of 18%.
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