Tata Consumer Products - Gross Margin Contraction In Q3 Weighs On Ebitda: Motilal Oswal

Tata Consumer Products - Gross Margin Contraction In Q3 Weighs On Ebitda: Motilal Oswal

Range of Tata Consumer Products. (Photo: BloombergQuint)

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Tata Consumer Products Ltd.’s higher tea price impacted standalone gross margin by 840 basis point YoY to 30%.

The consolidated Ebitda margin was impacted by 100 basis point YoY to 11.8%. Consolidated Ebitda grew 14% YoY on the back of 23% revenue growth.

Performance across business segments has improved (Tata Coffee standalone and overseas operations and overseas Tea).

India food and beverage business showed double-digit volume growth.

Click on the attachment to read the full report:

Motilal Oswal Tata Consumer Products Q3FY21 Result Update.pdf
Read Document

DISCLAIMER

This report is authored by an external party. BloombergQuint 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 BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

lock-gif
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Still Not convinced ?  Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
GET REGULAR UPDATES