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.
Nirmal Bang Report
With the task of bringing the fast moving consumer goods DNA under one company of Tata Group, i.e., Tata Consumer Products Ltd. done, the company has now started to take steps for its India business to become a long-term FMCG player - like overhauling the distribution network, widening distribution and strengthening its digital capabilities.
These steps, along with focus on market share movement to branded consumption and continuous innovations across categories bring visibility for long runway of growth for the India business.
On the international front, while the revenue growth is low, Tata Consumer has simplified the business over the last few years.
Going forward, we expect consolidated revenue to grow at a compound annual growth rate of 10.7% over FY21- 24E, led by ~15% growth in India business.
Click on the attachment to read the full report:
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.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR