Buy Tata Consumer Products; target of Rs 1350: Motilal Oswal

Motilal Oswal is bullish on Tata Consumer Products has recommended buy rating on the stock with a target price of Rs 1350 in its research report dated April 24, 2024.

Broker Research

April 25, 2024 / 11:56 IST

Buy

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Motilal Oswal's research report on Tata Consumer Products

Tata Consumer Products (TATACONS) reported a strong operating performance in 4QFY24. EBIT growth of 20% YoY was led by a healthy
performance in the international branded beverage segment (EBIT up 29% YoY), and non-branded business (up 3.6x YoY). However, the EBIT of the India branded business grew by only 3% YoY.

Outlook

We broadly maintain our FY25/FY26 EPS estimates. Reiterate BUY with an SoTP-based TP of INR1,350.

For all recommendations report, click here

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Tata Consumer Products_25042024_motilal Oswal

Broker Research

first published: Apr 25, 2024 11:56 am

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