Tata Salt: Salt will be expensive, Tata Group took this big decision.
In the midst of inflation, people are going to get a new setback. Salt is going to be expensive in the country. According to the news, the prices of Tata Salt are going to increase. The company has decided to increase the prices of its products under the pressure of inflation.
According to media reports, Sunil D’Souza, MD and CEO, Tata Consumer Products, has said that the prices of Tata Salt may increase. He said that the company had to take this decision to deal with inflationary pressure. He has said that he has to take this decision to secure the margin on his product.
Energy and Brine – the prices of salt depend on two things
According to D’Souza, two things determine the price of salt. The first of these is brine and the second is energy. Brine prices are currently stable but energy has become increasingly expensive. This has led to an increase in the price of salt. According to the CEO of Tata Consumer, this is the reason why he has to take the decision to increase these prices.
At present, the price of Tata salt is Rs 28 per kg.
However, it has not been told by the company that when and how much the company’s prices will increase. Let us tell you that the price of one kg of Tata salt in the market is currently Rs 28 per kg. According to the results released by Tata Consumer on Wednesday, the company’s profit has increased 38 percent year-on-year to Rs 255 crore. Now due to the increase in the prices of the company’s products, the burden of inflation has been fixed on the common people.