ICICI Direct is bullish on Tata Global Beverages has recommended buy rating on the stock with a target price of Rs 250 in its research report dated May 16, 2019.
Sakshi Batra does a 3 Point Analysis of the demerger and the outlook on the company.
Tata Global wants to be a diversified FMCG company. Acquiring Tata Chemicals’ foods business was just a step towards that goal
TGBL will be renamed as Tata Consumer Products Limited, and expects the combined entity to reach over 200 million households.
Their appointment, which is with effect from May 7, 2019 for five years, will be subject to the approval of shareholders in the ensuing annual general meeting.
ICICI Direct is bullish on Tata Global Beverages has recommended buy rating on the stock with a target price of Rs 240 in its research report dated April 25, 201
Total income was up at Rs 1,810.69 crore as against Rs 1,714.12 crore in the March quarter of 2017-18.
Net Sales are expected to increase by 9.3 percent Y-o-Y (down 3.5 percent Q-o-Q) to Rs. 1,845.6 crore, according to ICICI Direct.
Misra has been with the Tata Group for more than 38 years, including senior management positions.
Trends on SGX Nifty indicate a flat opening for the broader index in India, a rise of 1 point or 0.01 percent. Nifty futures were trading around 10,794-level on the Singaporean Exchange.
The current transaction is routed through a subsidiary, so all proceeds (post capital gains tax) would come to the company and it remains to be seen whether it will be shared with shareholders.
Net Sales are expected to increase by 7 percent Y-o-Y (up 5.1 percent Q-o-Q) to Rs. 1,851.5 crore, according to Kotak.
In short-term, the trend could turn negative for a decline towards its 50% retracement at 10,650 levels while on the upside 10,950-11,000 zones could continue to act as a big barrier
The aggregate investments by both the companies for setting up this new unit are expected to be around Rs 100 crore over a period of time,.
Domestic tea portfolio grew by 9 percent in volume terms but on account of competitive intensity value grew by 7 percent only. However, sequentially, there was a marginal market share gain in value terms. Noteworthy category was Green tea, wherein 14 percent volume growth helped in market share gain.
It had reported a net profit of Rs 154.49 crore in the year-ago period.
The shares saw a lukewarm response to the restructuring.
TGBL said it has restructured its international operations in order to unlock synergies for the business, optimise costs and streamline operations.
Dabur’s exceptionally better earnings was due to a recovery in the beverage segment while Emami’s performance came in below our expectation as its summer portfolio lacked shine on account of a weak season
Reports suggest that one of the proposals that Tata Group is evaluating involves merging the salt and branded lentils business of Tata Chemicals with Tata Global Beverages and full consolidation of Tata Coffee
Himalayan, is sourced from stream aquifer located at foothills of the Shivalik range in the Himalayas.