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    HomeNewsBusinessStocksBuy Tata Consumer Products; target of Rs 985: Motilal Oswal

    Buy Tata Consumer Products; target of Rs 985: Motilal Oswal

    Motilal Oswal is bullish on Tata Consumer Products recommended buy rating on the stock with a target price of Rs 985 in its research report dated July 27, 2023.

    Broker Research
    July 31, 2023 / 21:58 IST
    Buy
       
       
      26 Aug, 2025 12:21
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      Motilal Oswal's research report on Tata Consumer Products

      Tata Consumer Products (TATACONS) reported revenue growth of ~12.5% YoY, driven by strong growth in India food business (up 24% YoY) and NourishCo (up 60% YoY). Operating performance in 1QFY24 was led by healthy performance from India branded business (EBIT up 20% YoY).

      Outlook

      We maintain our FY24/FY25 EPS estimates and retain our BUY rating on the stock with our SoTP-based TP of INR985.

      For all recommendations report, click here

      Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

      Tata Consumer Products - 28 -07 - 2023 - moti

      Broker Research
      first published: Jul 31, 2023 09:58 pm

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