Tata Consumer Products Ltd. News and Updates

Name: Latest research reports of Tata Consumer Products Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Tata Consumer Products Ltd.
Rating: 5
Author: ICICI Securities Limited

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Tata Consumer Products Ltd.

05 Feb 2020

1156.80

-0.77%

Tata Global Bev Standalone December 2019 Net Sales at Rs 932.50 crore, up 4.81% Y-o-Y

Moneycontrol

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Tata Consumer Produc.. has an average target of 1204.86 from 7 brokers.

Tata Consumer Products Ltd.

05 Feb 2020

1156.80

-0.77%

Tata Global Beverages

Buy: Tata Consumer Products Ltd.

ICICI Securities Limited

India volumes, non-branded business aid growth momentum India tea volume and revenue growth was 7% and 6%, respectively, led by strong double-digit growth in Tata Tea Agni, Spice Mix and robust growth in Tata Tea Premium. EBITDA margins improved 96 bps YoY to 13.8% on account of favourable commodity prices. We expect 7% revenue CAGR over FY19-22E driven by market share gains, inorganic growth initiatives and premiumisation. We expect margins to stabilise at 14-15% led by cost saving initiatives and premiumisation strategy. On the other hand, non-branded...

Tata Consumer Products Ltd. is trading above all available SMAs

Tata Consumer Products Ltd.

04 Feb 2020, 12:00AM

1156.80

-0.77%

Overseas Tea contains overall growth

Buy: Tata Consumer Products Ltd.

Target

Motilal Oswal

4 February 2020 TGBs performance was below our expectations, mainly due to lower-than- expected EBITDA at TGB overseas tea and TGB standalone (primarily because of higher ad spend). However, the gross margin expanded 140bp YoY to 46.2%. PAT increased 21% YoY to INR1.2b. While revenue was largely in line, EBITDA/PAT came in 11%/28% below our estimates. Accordingly, we cut our PAT estimate by 10% for FY20 but largely maintain it for FY21/22. Maintain by volume growth of 5% YoY. EBITDA was up 22% YoY at INR2.4b (our TGB standalone revenue increased 5% YoY to INR9.3b due to 7% YoY volume growth (6% branded value growth). EBITDA margin expanded 100bp YoY to 13.8%; it is to be noted that company incurred higher ad spends during the quarter (8.4% v/s 6.

Number of FII/FPI investors increased from 960 to 973 in Mar 2025 qtr.

Tata Consumer Products Ltd.

16 Jan 2020

1156.80

-0.77%

Buy Tata Global Beverages; target of Rs 450: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Tata Global Beverages has recommended buy rating on the stock with a target price of Rs 450 in its research report dated January 15, 2019.

KRChoksey increased Accumulate price target of Tata Consumer Products Ltd. to 1278.0 on 28 Apr, 2025.

Tata Consumer Products Ltd.

15 Jan 2020

1156.80

-0.77%

Tata Global Beverages

Buy: Tata Consumer Products Ltd.

Target

ICICI Securities Limited

India business to gain led by robust tea segment growth TGBL commands 20% market share in the Indian tea segment. It expects to continue to grow above industry led by new launches and focus on premium tea varieties. The branded tea business has delivered robust volume growth of 8% in H1FY20 driven by market share gains, inorganic growth, product innovation and focus on premiumisation. Moreover, it would be benefiting from a shift from unorganised to organised sales on the back of strong marketing campaigns (Jaago Re) and higher sales of new variants (Elaichi,...