24/4/2025, 11:19:04 am

Buy Tata Consumer Products; target of Rs 1340: Sharekhan

Tata Consumer Products Ltd reported Q4FY25 results with 17% y-o-y revenue growth (12% organic) and a 256 bps y-o-y decline in OPM to 13.5%. Adjusted PAT fell 6.3% y-o-y. Management expects mid single-digit volume growth in core business and 30% growth in other areas. The stock trades at 67x/56x FY26E/FY27E EPS with a Buy rating and revised PT of Rs. 1,340.