Tata Consumer Products Ltd., incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 43216.17 Crore) operating in FMCG sector.
AgenciesPromoters held 34.7 per cent stake in the company as of June 30, 2020, while FIIs held 19.5 per cent, DIIs 19.8 per cent and public and other 26 per cent.
Motilal Oswal has given a buy rating to Tata Consumer Products with a target price of Rs 558. The share price moved up by 0.02 per cent from its previous close of Rs 469.05. The stock’s last traded price is Rs 469.15.
Tata Consumer Products Ltd., incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 43216.17 Crore) operating in FMCG sector.
Financials For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 2713.91 Crore, up 12.84 % from last quarter Sales of Rs 2405.03 Crore and up 43.05 % from last year same quarter Sales of Rs 1897.13 Crore. The Company reported net profit after tax of Rs 389.09 Crore in latest quarter.
Investment Rationale Growth is expected by grabbing market share from unorganized players with increasing distribution reach. Apart from the above, TCP has launched nutrimixes (Chilla), poha and chutney in the ready-tocook space, which should aid growth. The brokerage values TCP on an SOTP basis to arrive at target price of Rs 558.
Promoter/FII Holdings Promoters held 34.7 per cent stake in the company as of June 30, 2020, while FIIs held 19.5 per cent, DIIs 19.8 per cent and public and other 26 per cent.
Agencies
