Tata Consumer Products Ltd., incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 63587.07 Crore) operating in FMCG sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 3080.18 Crore, down -.29 % from last quarter Total Income of Rs 3089.05 Crore and up 26.92 % from last year same quarter Total Income of Rs 2426.96 Crore. Company reported net profit after tax of Rs 133.34 Crore in latest quarter.
Investment Rationale
The brokerage models TCPL to report revenue and PAT CAGR of 12.6% and 25.5%, respectively over FY21-23E. It maintains BUY and value the stock on SoTP basis with target price of Rs800. Key risk is execution – delays in realising integration gains, ramp up of distribution etc.
Promoter/FII Holdings
Promoters held 34.7 per cent stake in the company as of March 31, 2021, while FIIs held 25.8 per cent, DIIs 12 per cent and public and others 27.5 per cent.
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