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- Net income for Tata Consumer Products in Q1 2024 was 2.9 billion rupees, which is an 8.5% decrease year-on-year and below the estimated 3.51 billion rupees.
- Revenue increased by 16% year-on-year to 43.5 billion rupees, surpassing the estimate of 43.1 billion rupees.
- The India branded business generated revenue of 28.2 billion rupees, marking a 14% increase year-on-year.
- International branded business revenue rose by 17% year-on-year to 10.5 billion rupees, beating the estimate of 9.13 billion rupees.
- The non-branded business revenue was 5.01 billion rupees, up by 33% year-on-year, versus an estimate of 2.85 billion rupees.
- Total costs for the quarter stood at 39.3 billion rupees, representing an increase of 19% year-on-year.
- Other income fell by 32% year-on-year to 391.7 million rupees.
- Investor sentiment remains positive with 20 buys, 7 holds, and 1 sell recommendations.
A look at Tata Consumer Products Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
When looking at the long-term outlook for Tata Consumer Products, the company seems to be in a position of strength. With a Dividend score of 4 and a Resilience score of 4, Tata Consumer Products is showing stability and a commitment to returning value to its shareholders. This indicates a healthy financial standing and a focus on consistent performance even during challenging times.
Although the Value score of 2 suggests that the company may not be undervalued relative to its peers, the Growth and Momentum scores of 3 each show a promising trajectory for Tata Consumer Products. The company’s diversified product range in food and beverage, serving customers globally, positions it well for future expansion and sustainable growth.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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