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Tata Consumer Products: What will be a key driver for India business?

Nandish Shah   •

Foods business likely to be the engine of growth, backed by expanded portfolio and higher distribution reach

Tata Consumer Products: Tata Consumer Products Q3 profit jumps 26% to Rs 364 crore despite weak operating margin, revenue grows 8%. The FMCG company has recorded a 26% year-on-year growth in consolidated profit at Rs 364.4 crore for quarter ended December FY23 despite weak operating margin, led by tax write-back, exceptional income and higher other income. Revenue for the quarter grew by 8.3% YoY to Rs 3,475 crore with India business growth of 8% and international business rising 4%, however, EBITDA fell 1.7% to Rs 454 crore and margin declined by 130 bps to 13.1% for the quarter.

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More