6 Feb 2024 , 11:41 AM
Result date: February 7, 2024
Recommendation: Add
Target price: ₹1,150
Analysts at IIFL Capital Services expect Tata Consumer Products to report revenue growth of high single digits (9%) as compared to the year-ago quarter. The company’s India tea is expected to deliver a volume/value growth of 3%/5%, respectively and foods is expected to deliver a value growth of ~14% driven by ~6% growth in salt and 45% growth in Sampann relative to the year-ago quarter. The company’s US coffee business could decline by 1-2% whereas the International tea business is likely to grow ~26% over the year-ago quarter. The company’s EBITDA margin could remain flat sequentially at ~14.4%.
Profit After Tax or PAT could grow 9.0% relative to the year-ago quarter.
Important management insights to watch out for:
₹ Million |
December 2023 estimates |
YoY change |
Revenue |
37,889 |
9.0% |
EBITDA |
5,444 |
20.0% |
Profit After Tax |
3,177 |
9.0% |
Source: IIFL Research
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