Tata Consumer Products - Parallels Between Growth Journey - ‘Parachute’ And ‘Tata Salt’: ICICI Securities
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 Securities Report
There are brands. There are great brands. ‘Parachute’ (coconut oil brand of Marico Ltd.), in our view, is one of them.
It’s a classic case of building (and sustaining) a brand and earnings brand margins in a (hitherto) commoditised category.
We believe that ‘Tata Salt’, a great brand (already), has the opportunity to build on awareness more than availability and find similarities in it’s journey vis-a-vis Parachute.
In this report, we present why we believe ‘Tata Salt’ could potentially reach more than 60% market share (versus ~34% now) and be the significant value-driver for Tata Consumer Products Ltd. stock.
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 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.