Tata Consumer: Are all the positives priced in?
May 15, 2020 / 08:56 AM IST
CESC Ventures | FIIs holding, Mar 20: 14.82%, Dec 19: 14.94%, Sept 19: 15.44%, Jun 19: 15.89%. MFs holding, Mar 20: 2.72%, Dec 19: 3.59%, Sept 19: 3.64%, Jun 19: 4.03%. The stock price has fallen 62 percent in the last 1-year.
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
Nandish Shah and Anubhav Sahu
- India beverages business growth aided by 5 percent volume growth
- International business profitability significantly improved
- Covid-19 impact seen on food and out of home businesses
- Timeline for synergy benefits from food business a key watch
Tata Consumer Products Ltd (TCPL CMP: Rs363, Market capitalization: Rs 33,439 crore) reported a relatively steady performance, partly affected by headwinds in the out of home businesses due to Covid-19 restrictions.
While the stock has had a strong run on the back of...