Foods and out-of-home business likely to be the engines of growth, with expanded portfolio and higher distribution reach
Foods business likely to be the engine of growth, backed by expanded portfolio and higher distribution reach
NourishCo, Tata Sampann, Tata Soulfull, and Tata Q collectively grew 52 percent in FY22 and the company opened 50 new Tata Starbucks stores last year-taking the total to 268 stores across 26 cities.
TCPL is trading at a P/E multiple of 41x FY24 earnings. Investors with a long-term view can accumulate at current levels
Investors should look out for success in premiumisation and growth in foods business
Focus on strong operational excellence helped Tata Chemicals witness a 32 per cent growth in its consolidated net profit at Rs 318.39 crore for the quarter ended December despite lower sales.