27-Oct-2026 08:00:37
TATACONSUMGeneral news
Jefferies on Tata Cons ; Buy, TP cut to Rs 1250
TCPL remains a key beneficiary of rapid rise of Q/C, esp. for growth portfolio (+40% YoY), which contributed c38% of India business in 2Q, with this share set to reach c50% in 3Y. Overall, 2Q was ahead despite inflationary pressures in tea/salt, but product price hikes should help ahead. International saw a revenue decline but saw margin expansion. FY27 guidance of 50-70bps YoY EBITDA margin expansion stays
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