Tata Consumer Products Q4 Review - Performance Of Growth Businesses Crucial For Re-Rating: ICICI Securities

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Tata Consumer Products Ltd.’s Q4 FY24 was in line with our estimates. We reckon, stock trigger in FY25-26 is likely outperformance of growth businesses (which are gross margin accretive too). Post-acquisition of Capital Foods and Organic India, salience of growth businesses is ~30% of India branded sales. It needs to execute the basics - derive synergies, distribution expansion, increase in through-put per store etc. Starbucks plans to reach 1,000 outlets FY28 (421 currently). We believe Tata Consumer Products has all ingredients (resources, bandwidth, innovation pipeline, etc.) to achieve these targets. Maintain Buy..Click on the attachment to read the full report:.Tata Consumer Products Q4 Results: Profit Falls 23%.DISCLAIMERThis report is authored by an external party. NDTV Profit 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 NDTV Profit. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Tata Consumer Products Q4 Review - Performance Of Growth Businesses Crucial For Re-Rating: ICICI Securities

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