Tata Consumer stock rises 3% as firm set to acquire Bisleri
The current management led by Ramesh Chauhan will continue for two years as part of the deal, according to an ET report. The Tata Group "will nurture and take care of it even better," although selling Bisleri was still a "painful" decision, Chauhan said. "I like the Tata culture of values and integrity and hence made up my mind despite the aggression shown by other interested buyers."
This multibagger Tata stock can rise over 21%, says ICICI Securities
TCPL reported consolidated revenue and EBITDA growth of 10.9% and 5% YoY, respectively. However, recurring PAT declined 20.5% YoY. Constant currency growth was 10%. The gross and EBITDA margin of the company declined 101bps and 73bps. While standalone revenues, EBITDA and PAT were up 7.2%, 25.1% and 20.9% YoY, respectively.
Up 4 times in 5 years! Can this multibagger continue to make investors smile?
Motilal Oswal analysts said the company is on a portfolio expansion spree in the F&B segment, with product launches in new and innovative categories such as mini meals and protein-based products. The food business is expected to be the growth engine for the company, with Tata Sampann leading from the front.
Last week, Tata Consumer Product Ltd (TCPL) announced its entry into the plant-based meat products category, under a new brand "Tata Simply Better" and introduced four variants - Nuggets, Burger Patty, Awadhi Seekh Kebab and Spicy Finger. According to the Tata group FMCG arm, plant-based meats are at the forefront of the broader plant protein landscape, aimed at replicating the sensory and cultural resonance of animal-derived meat, but without the associated implications to the environment and health.
5 stocks where Anil Kumar Goel bought additional shares in Q1
Goel and his spouse Seema Goel raised stakes in Nahar Spinning Mills. At the end of the June quarter, Goel held 17,64,000 shares or 4.89 per cent stake, up from 17,56,400 shares or 4.87 per cent stake. His wife, on the other hand, upped her stake to 6,16,000 shares or 1.71 per cent from 6,12,000 shares or 1.70 per cent. The Goel duo has been holding this stock at least since the June quarter of 2021.
Geopolitical issues, supply woes to hit demand: N Chandrasekaran
Addressing shareholders at the company's AGM on Monday, Chandrasekaran said the year ended March 2022 was a "very eventful" year, and challenges posed by the Covid-19 pandemic and geopolitical developments have resulted in a very volatile macro-environment with a wide-ranging impact on people, economies and businesses.
Will continue to look for acquisition opportunities, says Tata Consumer chairman N Chandrasekaran
"We also believe in inorganic expansion and yes inorganic expansion is one of the key strategies for the company. The cash in the company will be used definitely for the right inorganic growth opportunities," he said.
Tata Consumer Products Ltd., incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 66019.96 Crore) operating in FMCG sector.