In a significant leadership transition, Tata Consumer Products Limited (TCPL) has announced the appointment of Sharat Verma as President – Packaged Beverages, India & South Asia (including the Organic India business). This comes as current incumbent Puneet Das resigns from the role, effective 3 November 2025. The new appointment of Verma takes effect from 1 December 2025. TCPL disclosed the change in its leadership team through a regulatory filing, reflecting the company’s intention to strengthen its senior management as it navigates a dynamic and growing packaged beverages market. Verma joins TCPL from Procter & Gamble (P&G), where he served as Senior Vice President & General Manager, Fabric Care for India, Middle East & Africa. Over a more than 20-year career at P&G, Verma handled major brands such as Ariel, Tide, Gillette, Oral-B and Olay and led growth in competitive and pricing-sensitive categories. Puneet Das has served with TCPL since November 2017 and was appointed President – Packaged Beverages, India & South Asia in April 2021. His eight-year tenure has seen him at the helm of TCPL’s beverages business through a period of growth and category consolidation. He will now step down, initiating the transition process. Why This Change Matters The packaged beverages segment in India and South Asia is highly competitive, constantly evolving in terms of consumer behaviour, channel dynamics, health trends and premiumisation. For a company like TCPL, which straddles brands like Tata Tea, Tata Coffee, and Organic India, the leadership of this business is critical. Sharat Verma’s appointment signals TCPL’s intent to drive transformation, leveraging his deep experience in managing large consumer businesses, with strong focus on brand building, profitability and growth in challenging environments. His P&G background brings strategic marketing, global best practices and a strong operational mindset into TCPL’s beverages division. Moreover, given the macro context of the Indian FMCG sector — where categories like healthy beverages, premium teas, speciality coffees and value added drinks are gaining ground — Verma’s experience across geographies and product categories positions TCPL to capture the emerging opportunities. Strategic Priorities for Verma and the Packaged Beverages Business With the leadership change, several strategic directions for TCPL’s beverages business become evident. 1. Brand Transformation & Premiumisation Under Verma’s leadership, the expectation is for the beverage portfolio to not only grow volume but also improve value by focusing on premium brands and niche segments. In P&G he scaled brands in mature markets and typically operating in highly competitive categories — skills TCPL can deploy in its tea, coffee and ready-to-drink (RTD) business. 2. Channel and Market ­Expansion The South Asia remit, including markets such as Bangladesh, Sri Lanka and Nepal, offers growth levers for TCPL. The new President will likely prioritise regional expansion, exports, and market diversification, while also strengthening domestic distribution in India’s semi-urban and rural strongholds. 3. Innovation & New Categories One of the major growth drivers for beverages in India is innovation — wellness/health drinks, functional beverages, premium cold brews, and branded coffees. TCPL has made acquisitions (such as Organic India) and needs leadership to accelerate innovation. Verma’s track record with global brands suggests fresh impetus on product development, scaling new offers and building brand ecosystems. 4. Digital & Consumer-First Marketing Modern beverages markets require agile marketing: digital engagement, data-led campaigns, e-commerce link-ups, personalisation. Verma’s past includes marketing leadership in global contexts, which may translate into fresh marketing models for TCPL – a brand that spans mass and premium. 5. Operational Efficiency & Margin Discipline Because beverages can be margin-sensitive and face pricing/cost pressures (raw materials, commodity tea leaves, logistics), the new leadership will need to focus on efficiency, cost-control and profitability while driving growth. Verma’s P&G background across geographies and categories underlines his capability in such environments. The Transition and its Timing The transition is well-timed. The announcement in early November sets the stage for procedural handover through November, with Verma’s official start on 1 December 2025. This gives TCPL sufficient runway leading into Q1 2026 to ensure stability and continuity. Puneet Das’ departure after eight years reflects the normal cadence of leadership renewal in FMCG businesses. His tenure helped stabilise and grow TCPL’s packaged beverages business; the next phase emphasises scaling and evolution rather than only consolidation. Implications for the FMCG Industry Leadership changes of this magnitude in major FMCG firms are closely watched because they often reflect shifts in strategy, resource allocation, and company priorities. For the wider packaged beverages domain, TCPL’s move might signal that companies believe growth in beverages will increasingly depend on premiumisation, cross-category innovation and international expansion — not just volume and scale. Additionally, the appointment reinforces that global brand/consumer-goods experience is valued in India’s FMCG sector — companies are looking for executives who can manage complex businesses, build brands, innovate and deliver across channels. Challenges Ahead While the appointment is high profile, Sharat Verma will face multiple challenges: Competition & Disruption: Beverages are confronted by new entrants, small-brand insurgents, premium imports, and changing consumer preferences (cold drinks, health drinks). Distribution Complexity: India’s beverage market spans urban, semi-urban and rural; managing distribution, availability and trade relationships is critical. Raw Material & Commodity Risks: Tea, coffee and beverages depend on agriculture/commodities. Cost pressures and supply-chain volatility can impact margins. Consumer Shifts: Younger consumers are moving away from mass brands to more premium, niche, health-oriented offerings — requiring agile brand building. Sustainability & Purpose: Modern consumers expect sustainability, clean labels, ethical sourcing, which require investment and strategic clarity. Looking Ahead Tata Consumer’s new appointment marks a pivot from scale to sophistication. With Verma’s leadership, the packaged beverages business is likely to focus on what’s next: driving premium brands, expanding regionally and internationally, innovating product lines, and shifting marketing to digital-first models. For stakeholders — distributors, retailers, shareholders and consumers — the change is a signal of intent. TCPL seems poised to lean into growth, transformation and relevance for the 2025-30 period. In sum, this leadership move is more than a routine change: it is an inflection point for TCPL’s packaged beverages portfolio — one that could determine how the company navigates evolving consumer behaviour, category disruption and market growth in South Asia.

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