Tata Consumer Products Ltd., incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 54477.53 Crore) operating in FMCG sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 3069.56 Crore, up 10.36 % from last quarter Sales of Rs 2781.34 Crore and up 23.13 % from last year same quarter Sales of Rs 2492.96 Crore. Company reported net profit after tax of Rs 237.03 Crore in latest quarter.
Investment Rationale
Factoring in its performance in 3QFY21, the brokerage decreases FY21E EBITDA/adjusted PAT estimates by 6%/2%, but maintains FY22E/FY23E earnings estimates, and arrive at an FY23E SoTP-based TP of INR661.
Promoter/FII Holdings
Promoters held 34.7 per cent stake in the company as of Sept 30, 2020, while FIIs held 25.8 per cent, DIIs 13.6 per cent and public and others 26 per cent.
