Tata Consumer Products Limited (TACN) – New launches to drive growth for the company

Tata Consumer Products Limited (TACN) (Q1FY24)

Stock performance: Tata Consumer Products stock gave returns of 6.5% and 3.1% in the period of three months and one year. The stock has a 52-week high of ₹883.95 and a 52-week low of ₹686.6. The stock gave returns of 45.9% and CAGR of 13.4% over a period of three years. The stock had a 200-Day Moving Average of ₹780.76 and a 50-Day Moving Average of ₹848.46.

Quarter performance : In Q1FY24, revenue from operations of TACN increased by 12% to ₹37.41bn, compared to ₹33.27bn in Q1FY23 mainly driven by strong growth of 16% in India Business, 3% (constant currency) in International Business and 5% (constant currency) in Non-Branded Business

Net income of the company increased by 8.5% to ₹3.17bn in Q1FY24, compared to ₹2.55bn in Q1FY23. The diluted EPS of TACN increased by 23% to ₹3.41, compared to ₹2.77 during the same period.

Highlights

In the tea category, TACN introduced pyramid tea bags, instead of loose tea. Additionally, it also launched various mainline mixes in Tata Sampann, including Daliya in the northern region. The introduction of Hing in the northern market has been successful, with some adjustments needed for the southern market.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– Key Developments
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 37

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