1 Share Split Into 10 In 2010: Tata Group FMCG Stock Gains 763% In 10-Yrs, Should You Buy?

Large cap Tata Group Stock from the sector of FMCG, Tata Consumer Products Ltd shares gained 0.57% in trade on March 2, 2024 to settle at Rs 1206.85 apiece on BSE. Tata Consumer Products shares gained 43% in last 6-months. The company on February 7, 2024 reported a surge of 27% in its Q3 net profit to Rs 513 crore amid festive demand. Check details below:

Tata Consumer Products Shares Performance & Return: The 52-week high price of Tata Consumer Products shares on BSE is Rs 1216.30 apiece and 52-week low price is Rs 685 apiece, respectively. The company's market capitalisation is Rs 1,14,992.87 crore. Tata Consumer Products shares soared 43% in last 6-months, zoomed 70% in last 1-year, and gained 70% in last 2-years. In last 3-years, Tata Consumer Products stock surged 91% and rallied 510% in last 5-years. The scrip zoomed 763% in last 10-years.

Tata Consumer Products Stock Split In 2010: Tata Consumer Products split face value of its shares 1 time since June 30, 2010. Tata Cons umer Products last split the face value of its shares from Rs 10 to Re 1 in 2010. Tata Consumer Products share has been quoting on an ex-split basis from June 30, 2010, according to Trendlyne.

Tata Coffee Merger With Tata Consumer: Earlier, Tata Coffee merged with Tata Consumer Products on January 1, 2024. Tata Coffee informed the exchange that the demerger of Tata Coffee's plantation unit will be integrated into TCPL Beverages & Foods.

KR Choksey Recommends Buy: Leading brokerage firm KR Choksey has assigned buy call to Tata Consumer Products shares with target price of Rs 1352.00 apiece. The analyst said, "We have valued TATACONS on a SOTP basis based on FY26E segmental EBITDA for all businesses except Starbucks which is valued on FY26E Revenue basis. For India Business (excluding CF and OI), we apply an EV/EBITDA multiple of 40.0x; for OI, we apply an EV/EBITDA multiple of 40.0x; for CF, we apply an EV/EBITDA multiple of 44.0x; International Business, we apply an EV/EBITDA multiple of 15.2x; and for Starbucks business, we apply an EV/Revenue multiple of 2.9x. Accordingly, we revise our target price to INR 1,352 per share (INR 1,322 earlier), an upside of 17.1% over the CMP. Accordingly, we reiterate a "BUY" rating on the shares of Tata Consumer Products Ltd."

If you buy Tata Consumer Products shares at last trading price of Rs 1206.85 apiece, you can get potential gain of 12.03%.

Tata Consumer Products Quarterly Results: The company for the quarter ended December 31, 2023 declared a surge of 27% in its consolidated profit before exceptional items and tax to Rs 513 crore ($61.8 million) as compared to the year-ago period. Tata Consumer experienced an expense of Rs 91.53 crore due to acquisition-related expenses, service expenses, and business restructuring. It declared its revenue from operations at Rs 3,804 crore, up 10% led by a 10% surge in its domestic business. The business constitutes 62.4% of its total revenue. The company's key beverages segment surged 8%, with its tea volumes soared 2% on account of sustained domestic demand.

Tata Consumer Products About: Tata Consumer Products is a focused consumer products company uniting the food and beverage interests of the Tata group under one umbrella. It is home to key brands such as Tata Tea, Tetley, Tata Salt and Tata Sampann. With a combined reach of over 201 million households in India, it has an unparalleled ability to leverage the Tata brand in consumer products.

Disclaimer: The stock has been picked from the brokerage report of KR Choksey. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.