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Q1FY24 Preview: Tata Consumer Products: Revenue seen at Rs. 37,525 million, PAT at Rs. 3,246 million

25 Jul 2023 , 12:06 PM

Result date: 26th July, 2023

Recommendation: Add

Target price: Rs. 850

Tata Consumer Products could witness low-to-mid-single-digit volume and value growth in its domestic tea business. The company’s India Foods (Salt and Sampann) portfolio would witness mid-single digit volume growth and a value growth of 19%. NourishCo would continue its momentum and deliver strong growth in the quarter. Overall sales growth is expected at ~13%, whereas EBITDA growth is expected to be ~15% over the year-ago quarter.

The company’s Profit After Tax (PAT) could grow 18.9% over the year-ago quarter.

Rs. Million

June 2023 estimates

YoY change

Revenue 

37,525

12.8%

EBITDA 

5,265

15.1%

Profit After Tax 

3,246

18.9%

Source: IIFL Research

Related Tags

  • Tata Consumer Products
  • Tata Consumer Products Q1
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