As per a poll of brokerages conducted by Moneycontrol, the company was set to report post-tax profit of Rs 265 crore on a revenue of Rs 3,454 crore.

Motilal Oswal is bullish on Tata Consumer Product recommended buy rating on the stock with a target price of Rs 940 in its research report dated January 23, 2023.

Net Sales are expected to increase by 7.4 percent Y-o-Y (up 2.4 percent Q-o-Q) to Rs 3,445.1 crore, according to Nirmal Bang.

While the discussions are at an initial stage, according to the report, the deal could be valued at Rs 1,000-1,500 crore

With its tremendous inventory, sales volume, and network coverage, Bisleri would certainly bring a substantial market share of the packaged mineral water segment to the hands of the TCPL

Amid intense local competition, counterfeits and low pricing power, Bisleri may fail to boost Tata Consumer’s profitability

At 9:45 am, the stock was quoting at Rs 791 on the National Stock Exchange, up 2.82 percent. Trading volumes were twice the 20-day average volume at 2,505,900.

Ramesh J Chauhan led Bisleri International operates in the segment with bottled water brand Bisleri and spring water Vedica.

Bisleri's current management will continue for two years as part of the deal

At close, the 30-share pack Sensex recovered slightly from the day’s lows and settled 230 points or 0.37 percent lower at 61,751 while the broader Nifty slipped 65.8 points or 0.36 percent to 18,344.

Tata Consumer Products is rapidly expanding its subsidiary NourishCo’s product portfolio. The company earlier this year launched honey and preserve products under its premium packaged water brand Himalayan.

KR Choksey is bullish on Tata Consumer Products has recommended buy rating on the stock with a target price of Rs 964 in its research report dated October 27, 2022.

ICICI Direct is bullish on Tata Consumer Products recommended buy rating on the stock with a target price of Rs 950 in its research report dated October 21, 2022.

Sharekhan is bullish on Tata Consumer Products has recommended buy rating on the stock with a target price of Rs 925 in its research report dated October 21, 2022.

Motilal Oswal is bullish on Tata Consumer Products recommended buy rating on the stock with a target price of Rs 880 in its research report dated October 21, 2022.

Consolidated revenue came in at Rs 3,363 for the quarter, an increase of 11 percent

Analysts at Kotak Institutional Equities estimate Rs 140 crore in revenue for NourishCo, which indicates 65 percent YoY growth aided by geographical expansion

Net Sales are expected to increase by 9.6 percent Y-o-Y (down 0.1 percent Q-o-Q) to Rs. 3,323.6 crore, according to Motilal Oswal.

BSE midcap index ended flat, while smallcap index rose 0.3 percent.