Tata Consumer Products Ltd. share price target

Tata Global Beverage (TGBL) reported 4% consolidated revenue growth to | 1692 crore (I-direct estimate: | 1699 crore) during the quarter. However, underlying sales growth was 6% considering GST related adjustment and currency impact in the developed market Tea business witnessed growth of 3.5% while coffee saw 11% growth during the quarter. Branded business in CAA (Canada, America & Australia) region saw growth of 23% whereas Indian brands grew by 5% in Q2FY18. Europe, Middle East, Africa (EMEA)...

Revenue rose by 1.8% to Rs. 1704.42 Cr in Q1FY18 when compared to the previous quarter Revenue rose by 1.8% to Rs. 1704.42 Cr in Q1FY18 when compared to the previous quarter

ICICI Securities Ltd | Retail Equity Research As per media reports, Tata Global Beverages (TGBL) may sell its stake in various Tata group's listed companies to its parent, Tata Sons, in the coming months. TGBL currently owns ~| 725 crore worth of stake in other Tata group firms, viz. Tata Chemical and Tata Investment Corporation. TGBL has a 4.39% stake in Tata Chemicals and 0.29% stake in Tata Investment Corporation. With new Chairman, N Chandrasekaran, coming in, the company seems to be taking steps towards improving the...

Revenue decreased by 3.99% to Rs. 1674.26 Cr in Q4FY17 when compared to the previous quarter.

Tata Global Beverages (TGBL) reported consolidated sales of | 1674.3 crore, up 4.7% YoY. Revenues of the branded division grew marginally by 4.4% (tea grew 6.6% YoY but coffee segment continued to remain under pressure and declined 7.1% YoY). Nonbranded segment grew strongly by 12.7% YoY TGBL continued higher advertisement expense at 23.8% (up 152 bps as percentage of net sales to 9.9%) on new launches and existing business, EBITDA for the company grew 11.8% YoY to | 178.9 crore (I-direct estimate: | 195.2 crore) on account of subdued tea and...

Tata Global Beverages consolidated revenue grew by ~2.6%/7.1% to Rs.17.4bn YoY/QoQ respectively. The company's EBITDA margin expanded by ~49 bps to 8% YoY. Adjusted PAT grew by ~34% to Rs.953 mn in 3QFY17 vs Rs.710 mn in 3QFY16 led by growth in operating profit,...

Revenue rose by 7.08% to Rs. 1717.96 Cr in Q3FY17 when compared to the previous quarter. Also, it rose by 2.69% when compared with Q3FY16.

ICICI Securities Ltd | Retail Equity Research Tata Global Beverages (TGBL) reported consolidated sales of | 1743.9 crore, up 2.6% YoY. Revenues of the branded division grew marginally by 1.8% (tea grew 2.4% YoY led by volumes but coffee...

ICICI Securities Ltd | Retail Equity Research Tata Global Beverages (TGBL) reported a mixed set of Q2FY17 numbers. Consolidated sales for the quarter declined 2.6% YoY to | 1626.0 crore. The revenue of the branded division declined 2.0% (tea, coffee segments declined 0.3%, 9.6%, respectively). Nonbranded segment also witnessed 1.8% YoY de-growth. Though the underlying witnessed some volume growth, the same got offset by price reductions taken during the quarter and adverse impact of currency translations in the areas under operation...

On the Recovery Path: TGBL reported good performance during the quarter with improvement in topline,Operating profit margins and the bottomline. Total Operating Income increased by3.7% to Rs. 17342 Mn, Operating profits improved by 32.6% to Rs. 2595 Mn and net profits improved by 51.9% to Rs. 1195 mn.