|
19 Sep 2025 |
Tata Consumer
|
Consensus Share Price Target
|
1126.80 |
1204.64 |
- |
6.91 |
buy
|
|
|
|
|
26 Apr 2023
|
Tata Consumer
|
ICICI Direct
|
1126.80
|
980.00
|
746.70
(50.90%)
|
Target met |
Buy
|
|
|
|
|
26 Apr 2023
|
Tata Consumer
|
ICICI Securities Limited
|
1126.80
|
900.00
|
746.70
(50.90%)
|
Target met |
Buy
|
|
|
Multiple transitory issues impacted TCPL’s FY23. We note (1) India Tea (Late winter, softness in some of the markets, rural slowdown), (2) Salt (Steep inflation in input prices) and International business (Currency headwinds and inflationary pressures) were forced to choose profitability sacrificing volumes in FY23.
|
|
04 Feb 2023
|
Tata Consumer
|
ICICI Direct
|
1126.80
|
950.00
|
726.60
(55.08%)
|
Target met |
Buy
|
|
|
|
|
03 Feb 2023
|
Tata Consumer
|
ICICI Securities Limited
|
1126.80
|
900.00
|
737.15
(52.86%)
|
Target met |
Buy
|
|
|
Salt revenues grew +27% (volumes +4%) in 3Q. 90bps market share gains is good. We believe revival of Salt business which enjoys strong competitive advantages and higher margins than TCPL overall is DCF accretive.
|
|
23 Jan 2023
|
Tata Consumer
|
Motilal Oswal
|
1126.80
|
940.00
|
742.45
(51.77%)
|
Target met |
Buy
|
|
|
|
|
28 Oct 2022
|
Tata Consumer
|
SMC online
|
1126.80
|
|
761.35
(48.00%)
|
Pre-Bonus/ Split |
Results Update
|
|
|
|
|
21 Oct 2022
|
Tata Consumer
|
ICICI Securities Limited
|
1126.80
|
925.00
|
761.65
(47.94%)
|
Target met |
Buy
|
|
|
India business reported EBIT margin of 14.2% in Q2FY23 (+150 bps QoQ); however, Tea and Foods volumes were flat (-1% and 0% YoY, respectively). Tea market share (value) declined 20bps YoY.
|
|
20 Sep 2022
|
Tata Consumer
|
Motilal Oswal
|
1126.80
|
890.00
|
804.20
(40.11%)
|
Target met |
Buy
|
|
|
|
|
01 Sep 2022
|
Tata Consumer
|
Ashika Research
|
1126.80
|
935.00
|
838.40
(34.40%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
22 Aug 2022
|
Tata Consumer
|
Geojit BNP Paribas
|
1126.80
|
907.00
|
801.95
(40.51%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|