Tata Consumer Products - Price Led Growth In Q3; Tea Procurement Prices Peak Out: ICICI Direct
Range of Tata Consumer Products. (Photo: BloombergQuint)

Tata Consumer Products - Price Led Growth In Q3; Tea Procurement Prices Peak Out: ICICI Direct

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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.

Tata Consumer Products Ltd. reported strong revenue growth of 23.1% led by robust growth in India beverage and India foods segment. Overall volume growth was approximately 7%.

The sharp increase (70-80%) in tea procurement prices led the company to take aggressive price hikes in tea. In turn, this resulted in 43% growth in the India beverages segment.

Still price hikes were insufficient to pass on the entire commodity price rise, which impacted India beverage segment margin by 839 basis points.

India food business grew 19% led by 12% volume growth.

Click on the attachment to read the full report:

ICICI Direct Tata Consumer Product Q3FY21 Result Update.pdf

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