Monday, October 25, 2021

Tata Consumer Products Q2 PAT up 44.77% | Impact & Outlook


Tata Consumer Products Q2 PAT up 44.77% sequentially at Rs268cr on sharp growth in India beverages business



Tata Consumer Products reported 9.05% growth in total revenues for the Sep-21 quarter on consolidated basis at Rs3,033cr. On a sequential basis, the revenues were higher by just 0.82% compared to Rs3,008cr in the Jun-21 quarter.

On a yoy basis, the India beverages business and the India foods business showed positive growth while the international business reported lower revenues.

The company recorded 2.1% spurt in operating profits at Rs344cr and the operating profits were up by 3.42% on a sequential basis. Consolidated EBITDA for the quarter was up 5% yoy at Rs420cr.


The improved gross margins was, however, offset by higher spending on brands. India foods business recorded 23% growth on yoy basis. Overall, the operating margins at 11.34% in the Sep-21  were lower than 12.12% in the Sep-20 quarter but better than 11.06% in the sequential June quarter.


Stock Outlook

Recent correction can be utilized for making long position in short term as 762 - 780 is good support zone. Long term still intact,  hold patiently. 

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Disclaimer- The information on this blog are based on my personal opinion and experience, it should not be considered professional financial investment advice and in no way it should be considered as a tip. We does not take any compensation of any kind whatsoever from any reader, user and company that are mention on this website. We are not SEBI registered financial advisor or analyst.


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