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
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