Tata Consumer Products Ltd to acquire Bisleri in Rs 7000 Crores

Bisleri is synonymous with quality packaged drinking mineral water in India having 40% market share

Bisleri International Pvt Ltd of Parle Group has 122 Operational plants 4500 distributors 5000 distribution trucks

As per Ikon analysis the Market of Packaged drinking water was of Rs 36000 Cr. It is expected to reach Rs 403 Bn till 2023 end

The major brands in India are Bisleri, Kinley, Aquafina etc

TCPL already have some packaged drinking water bottles brands wiz. Himalayan Water Tata Water Plus Tata Gluco Plus Tata Copper etc

Bisleri's estimated turnover in FY23 is estimated at Rs 2500 Crores with Rs 220 Profit

With this acquisition TCPL will become largest player in the packaged water bottle segment with Rs. 20000 Cr valuation

TCPL is fundamentally good stock and can be accumulated on every dip in your long term portfolio