TATA CONSUMER PRODUCT (TATACONSUM)
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Tata Consumer Shares Surge 6% as Brokerages Back Q2 Revenue Growth
Tata Consumer Products shares rallied as much as 6% after Q2 revenue jumped 14%, with brokerages remaining bullish despite trimming target prices. Investors are now focused on margin recovery, which remains the key concern even as top-line growth impresses. The stock has extended gains through the session as multiple brokerages cheered the results.
Tata Consumer Q2 profit rises 16-18% on 14% revenue growth
Tata Consumer Products reported Q2 consolidated net profit up 16-18% year-on-year to around ₹470 crore, with revenue rising 14% to ₹5,661 crore. The results, announced on October 26, were covered across multiple outlets and the stock is among those to watch on October 27. The profit growth range reflects slight variations in reported figures across sources.
Tata Consumer surges post Q1 results
Tata Consumer's shares rose nearly 3% following strong Q1 India business performance, with analysts still recommending a 'buy' rating.
Tata Consumer Q1 profit up 28%
Q1 net profit for Tata Consumer Products rose by 28% to Rs 427 crore, driven by strong performance in the Indian branded business.
Tata Consumer flags food inflation, crude prices as demand risks
Tata Consumer Products MD and CEO Sunil D’Souza flagged rising food inflation and crude oil prices as risks to consumption, even as the company expects tea volumes to recover and its growth businesses to sustain 30 per cent growth over the long term. Speaking to businessline in a post-results interaction, D’Souza said consumer price inflation was above 5 per cent, while food inflation was approaching 6 per cent, raising concerns about the outlook for consumption. “Oil is now over $111 a barrel.
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