- Tata Consumer’s net income for the second quarter was 3.64 billion rupees, marking a 7.7% increase compared to the previous year and exceeding the estimate of 3.43 billion rupees.
- The company’s revenue reached 42.1 billion rupees, which is a 13% year-on-year growth, though slightly below the estimated 43.4 billion rupees.
- Revenue from India branded business stood at 26.6 billion rupees, up 11% from the previous year.
- International branded business revenue was 11.2 billion rupees, showcasing an 18% increase year-over-year and surpassing the estimated 9.79 billion rupees.
- Non-branded business revenue rose to 4.62 billion rupees, a 19% increase from the prior year, beating the estimate of 4.1 billion rupees.
- Total costs amounted to 38.4 billion rupees, experiencing a 16% rise compared to the previous year.
- Other income declined by 49% year-on-year, registering at 459.7 million rupees.
- The second quarter results included an exceptional net loss of 271.7 million rupees, attributed to legal and professional fees, along with restructuring and redundancy costs.
- Analyst recommendations include 21 buy ratings, 6 hold ratings, and 1 sell rating.
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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
Based on the Smartkarma Smart Scores, Tata Consumer Products shows a promising long-term outlook. With a strong dividend score of 4, the company demonstrates its commitment to rewarding investors. Additionally, scoring high in resilience with a score of 4, Tata Consumer Products appears well-equipped to weather market fluctuations and economic uncertainties. Its overall growth score of 3 further indicates potential for expansion and development in the future. While the value and momentum scores are average at 2 and 3 respectively, the company’s solid performance in dividend, resilience, and growth aspects bode well for its future prospects.
Tata Consumer Products Limited, a renowned producer of food and beverage items, offers a diversified range of products including tea, coffee, salt, oil, pulses, spices, and food products. Serving customers globally, the company has established itself as a key player in the consumer goods industry. With promising scores in dividend, resilience, and growth, Tata Consumer Products is positioned to deliver consistent returns to its investors while navigating through challenges and capitalizing on opportunities in the market.
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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