Tata Consumer Q3 Results Review — Margin Pain Has Not Gone But Easing, Says Yes Securities, Maintains 'Buy'

Earnings growth trajectory beyond FY27 also remains robust compared to Tata Consumer Products' peers, with good visibility on revenue growth..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. .Yes Securities Report.Tata Consumer Products Ltd. Q3 FY25 operating performance was impacted by sharp tea inflation in the India business. On topline front, core businesses posted a smart recovery in Q3 FY25. In the coming quarters, along with pricing growth in tea and salt, execution benefits especially from distribution should start aiding topline growth. This quarter saw the peak pressure from tea inflation as benefits of price hike in tea portfolio will start supporting margins going forward even while high tea cost is locked for two more quarters. Further price action in tea and output of new tea crop along with competitive intensity especially in beverages will remain a key monitorable in near-term. Even in a difficult environment, it continues to execute on its strategic priorities (strengthening general trade, driving new channels, innovations, etc.). We thus remain fundamentally positive and maintain our Buy with a revised target price of Rs 1,200 (Rs 1,325 earlier)..Click on the attachment to read the full report:.Dabur Q3 Review: Inline Results, Gradual Recovery Expected, Says Nirmal Bang — Maintains 'Buy' On The Stock.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Tata Consumer Q3 Results Review — Margin Pain Has Not Gone But Easing, Says Yes Securities, Maintains 'Buy'

The stock was under pressure due to subdued demand environment and key input cost inflation, but the brokerage thinks these factors will eventually reverse.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP