Tata Consumer Products Ltd., incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 57555.51 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 lowers earnings estimates for FY22 by 7% on the back of near-term margin pressure in Tea. It maintains earnings estimates for FY23 and arrive at an FY23 SOTP-based TP of INR725/share.
Promoter/FII Holdings
Promoters held 34.7 per cent stake in the company as of March 31, 2021, while FIIs held 25.3 per cent, DIIs 12.6 per cent and public and others 27.5 per cent.
