- 24 Nov 2022
- ICICIdirect Research
TATA CONSUMER IS SET TO ACQUIRE BISLERI INTERNATIONAL
TATACONSUM - 901 Change: -6.35 (-0.70 %)News:
According to ET, Tata consumer is set to acquire Bisleri International at ~ Rs 7000 crore. Bisleri Internatiobal has a estimated turnover & profitability of Rs 2500 crore & Rs 220 crore respecticrly in FY23. The company has 122 operational plants (13 of them owned) and a network of 4,500 distributors and 5,000 trucks across India and neighbouring countries.
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With this acquisition, Tata Consumer will become biggest company in packaged water category with Bisleri, Himalayan & Tata Water Plus brands. Tata Consumer would be able to leverage Bisleri Brand by extending it in beverage category. At Rs 7000 crore, the deal valuation would be close to 3x EV to FY23 sales. Given strong Bisleri Brand & posibilities of brand extension, we believe this would be positive acquisition for Tata Consumer.
Impact:
Positive