Tata Consumer share price NSE, Tata Consumer Q1 results: Shares of Tata Consumer Products on Thursday edged lower, a day after the fast-moving consumer goods company reported a 29.67 per cent rise in consolidated net profit to Rs 358.57 crore in the first quarter ended June 30 on the back of strong growth in its domestic business. The part of Tata group opened at 875.95, down from the previous close of Rs 873.9 on NSE. The counter finished at Rs 850.2, down by Rs 23.7 or 2.71 per cent in opening deals. The company had posted a net profit of Rs 276.51 crore in the April-June quarter a year ago, TCPL, earlier known as Tata Global Beverages Ltd, said in a BSE filing.

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

The company registered a net profit of Rs 276.51 crore in the April-June quarter a year ago, Tata Consumer Products said in a regulatory filing. Its revenue from operations was up 12.45 per cent to Rs 3,741.21 crore during the quarter under review as against Rs 3,326.83 crore in the corresponding period of the preceding fiscal. "Revenue from operations increased by 12 per cent as compared to the corresponding quarter of the previous year, mainly driven by strong growth of 16 per cent in India business, 3 per cent in international business and 5 per cent in non-branded business," TCPL, earlier known as Tata Global Beverages Ltd said in an earnings statement.

Read more 

Tata Consumer share price target: Should you buy, sell or hold?

Morgan Stanley has maintained an overweight rating on Tata Consumer Products with a target price of Rs 863.

Tata Consumer share price history

Tata Consumer's stock has given a positive return of over 6 per cent in the last 12 months (from July 27, 2022). In comparison, the headline index Nifty 50 has rallied nearly 19 per cent.

Catch latest minute-by-minute stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.