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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