Tata Consumer Products Q2 Review - The Difference Between Good, Great Is Execution: 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.Tata Consumer Products Ltd. reported revenue, Ebitda and profit after tax growth of 9.1%, 3.4% and 10.2%, respectively YoY.The company has continued to gain market shares in India Tea (169 basis points), India Salt (440 bps) and Canada regular tea and achieved initial distribution target of reaching one million direct outlets. We note these achievements are discounted cash flow value-accretive than near-term earnings impact. We model Tata Consumer to gain market shares across segments in FY22-23 due to:commencement of second leg of distribution expansion, increase in brand building investments (Q2 FY22 ad-spend up 27% YoY) andimproving coverage of new initiatives such as Soulfull. Starbucks has continued to report strong recovery with September 2021 same store sales almost compared to Sept 2019..Click on the attachment to read the full report:.DISCLAIMERThis 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.

Tata Consumer Products Q2 Review - The Difference Between Good, Great Is Execution: ICICI Securities

Tata Consumer Products Q2 Review - The Difference Between Good, Great Is Execution: ICICI Securities

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