ICICI Direct: Tata Consumer Products Posts Robust Growth In Q2; Margins To Head Northwards
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.
ICICI Direct Report
Tata Consumer Products Ltd. reported robust sales growth of 18.5% led by India beverage business growth of 32% and food business growth of 13%.
International tea business (Tetley, Teapigs, Good Earth) and U.S. coffee (Eight O’clock) grew 1% and 4%, respectively in constant currency terms.
The strong growth in India beverage business was led by 11% volume growth and price hikes in tea segment of approximately 15%.
Food business volume growth was 6%.
Click on the attachment to read the full report:
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 brokerage 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.