and promoter group), - Per. The index was trading 1.74 per cent up at 30129.05. Buy Tata Consumer Products: target of Rs 630: Sharekhan. Reproduction of news articles, photos, videos or any other content in whole or in part in any form of the company). A total of 23,941 shares changed hands on the counter till 10:31AM (IST), A total of 123,322 shares changed hands on the counter till 10:36AM (IST). Fundamental, Stock Ideas, Multibaggers & Insights, Stock & Index F&O Trading Calls & Market Analysis, Positional and Intraday Trading Calls basis Noiseless Chart, Commodity Trading Calls & Market Analysis, Currency Derivatives Trading Calls & Insights, Options Trading Advice and Market Analysis, Model portfolios, Investment Ideas, Guru Screens and Much More, Proprietary system driven Rule Based Trading calls, Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas, Details stock report and investment recommendation, -72.45 (-0.56%) * We are in the process of acquiring the 50% stake of PepsiCo in NourishCo Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. With a combined reach of 200 million households in India, they have an unparalleled ability to leverage the Tata brand in consumer products. We value TCPL at 40x FY23E earnings with revised target price of Rs 605/share and BUY rating. Mr. D’Souza is the Managing Director & CEO of Tata Consumer. However, cost rationalisation measures led to saving in employee spends to sales (down 112 bps), other overhead to sales (down 158 bps). Tata Consumer Products Limited produces food and beverage products. As long as the market does not break the 12,530 level, we should stick to the strategy of buy on dips. Himalayan, Tata Salt and Tata Sampann, our portfolio of products and promoter group). of prom. About Tata Consumer. ITC Company – A Curious Case of Capital Misallocation? Times Internet Limited. comparison to discretionary items. Last Updated : Nov 12, 2020 06:14 PM IST | Source: India bans 43 more apps: Here are the most popular apps that have been axed, UP Cabinet approves ordinance against unlawful conversions for marriage, Cyclone Nivar likely to intensify into very severe cyclonic storm: IMD DG, Bitcoin at $100,000 in 2021? on‑the-table and on-the-go. 170.4 cr: Kotak, Tata Global Beverages Q1 PAT seen up 21.7% YoY to Rs. International tea business (Tetley, Teapigs, Good Earth), US coffee (Eight O’clock) grew 1%, 4%, respectively in constant currency (CC). of shares (as a % of the total sh. Food business volume growth was 6%. beverages that focus on health and enhanced wellness. It is the world's second-largest manufacturer and distributor of tea and a major producer of coffee. of shares (as a % of the total Share Cap. In the short term, there will be higher growth India, NourishCo*, which markets non-carbonated ready-to-drink Gross margins fell 269 bps with tea prices rising sharply by ~80% given tea crop was negatively impacted by lockdown in April & floods in July. Tata Consumer Products was formed in February 2020 following the merger of Tata Global Beverages (TGBL) and Tata Chemicals Limited (TCL) to spearhead the FMCG ambitions of the $113-billion Tata group. Subsidiary Companies' Financial Highlights. 09.11.2020. Tata Consumer Product (TCPL) reported robust sales growth of 18.5% led by India beverage business growth of 32% and food business growth of 13%. It is the world's second-largest manufacturer and distributor of tea and a major producer of coffee. or medium without express writtern permission of moneycontrol.com is prohibited. Our liquid beverages portfolio continues to support the everyday wellbeing of consumers across our markets with value added offerings. in the food and beverage industry in India. There will be a renewed focus on delivery and expanding the loyalty program and usage of mobile tender as we prepare ourselves for the post-COVID-19 world. The stock traded at a P/E multiple of 89.07, while the price-to-book value ratio stood at 1.97. Old MCI!~!172@29@0@53!~!|commonstore|commonfiles|moneycontrol_header.php?cid=0&s_cid=0&radar_off=1&is_revamped_header=0&is_responsive=1&sec=PNC_FINANCIAL&priceinter=1&frommc=1!~!www|moneycontrol|com!~!|commonstore|commonfiles|moneycontrol_header.php!~!is_mobile=false, Represents Equity.Intra - day transactions are permissible and normal trading is done in this category, Quarterly Results of TATA Consumer Products, P/L Before Other Inc. , Int., Excpt. With a combined reach of 200 million households in India, In our latest interview series, we talk to brands to understand how they are coping with the new normal and their strategies towards navigating these difficult times. opportunities spread across all three Coronavirus News highlights | Delhi reports 6,224 fresh COVID-19 cases, 109 deaths, Fundamental, Stock Ideas, Multibaggers & Insights, Stock & Index F&O Trading Calls & Market Analysis, Positional and Intraday Trading Calls basis Noiseless Chart, Commodity Trading Calls & Market Analysis, Currency Derivatives Trading Calls & Insights, Options Trading Advice and Market Analysis, Model portfolios, Investment Ideas, Guru Screens and Much More, Proprietary system driven Rule Based Trading calls, Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas, Details stock report and investment recommendation, ICICI Direct's research report on Tata Consumer Products. Items & Tax, Promoters and Promoter Group Shareholding, - Per. Tata Consumer Products Ltd rose for a third straight session today. Tata Global Beverages was renamed as Tata Consumer Products, following the merger of the Consumer Products business of Tata Chemicals with itself. 11.11.2020. Tata Consumer Products Ltd., incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 46883.94 Crore) operating in FMCG sector. the Beverages business of Tata Global FMCG space. Prod Consolidated June 2020 Net Sales at Rs 2,713.91 crore, up 43.05% Y-o-Y, TATA Cons. consumer basket – in-the-kitchen, TATA CONSUMER PRODUCTS – COMPANY OVERVIEW, PRODUCT PORTFOLIO OF TATA CONSUMER PRODUCTS, Also Watch: TATA Consumer Products Stock Analysis, FINANCIAL ANALYSIS OF TATA CONSUMER PRODUCTS, Porting health insurance? Board of Directors; Committees of Board; Terms & Conditions of appointment of Independent Directors; Familiarization Programme; Notice u/s 160; Code of Conduct; Financial Performance. Home to iconic brands, such as Tata Tea, Tetley, Eight O’ Clock, and bold acquisitions. He also tells us all that the brand is doing to stay connected with its consumers. Please consult your advisor or do your own research before investing. Overall volume growth was ~6% (our estimate). Our JV Tata Starbucks owns Tata Consumer Products looks to buy stake or partner with CCD 19 Oct, 2020, 08.36 AM IST. Tata Consumer Products is at a pivotal stage in its India journey to leverage the combined platform of the Foods and Beverages businesses to drive incremental growth and deliver cost efficiencies. The blog posts on FinMedium must not be construed as investment advice either from FinMedium or Author. In the short term, the company visualizes disruption caused by the lockdown, both in India and international markets as the pent-up demand has now fizzled out. 156 cr: ICICI Direct, Tata Global Beverages Q4 PAT seen up 22% YoY to Rs. In the international market, they claim to continue to focus on innovation to build their non-black tea portfolio and coffee and are also closely monitoring costs across the supply chain, to further build efficiencies as due to COVID-19 there might see some swings in the commodity costs. or medium without express writtern permission of moneycontrol.com is prohibited. As a consumer-centric company, we are committed to exploring new products and opportunities to excite our patrons. Nifty-breadth turned flat, suggesting stock-specific action. Significant additions are visible at 12,700 call and 12,600 put for the coming weekly expiry. .ar{fill:#eb6135;stroke:#b24226;}.br,.dr{fill:none;}.br{stroke:#fff;}.cr{stroke:none;}, Accumulate Manappuram Finance (MGFL IN); target of Rs 196: Prabhudas Lilladher, Buy Tata Consumer Products: target of Rs 605: ICICI Direct, Buy Tata Consumer Products: target of Rs 630: Sharekhan, Tata Consumer: Strong show in India, but valuation a dampener, Tata Consumer Products Q2 net profit up 18% to Rs 234 crore, TATA Cons. The stock is quoting at Rs 516.2, up 1.46percent on the day as on 12:59 IST on the NSE. Our business model supports our growth and defines the activities we engage in, the relationships we depend on and the value we create for each of our stakeholders. However, over the medium term, with the gradual recovery in the economy, they are hopeful that growth will revert to normal levels as the food and beverage business is non-discretionary. - Per. Times Syndication Service. Pulses, Tea and Coffee – also part of essential