Tata Consumer shares rise after firm's Q2 numbers beat Street estimates

Tata Consumer Share Price: Tata Consumer Products shares are rising higher by 1.38 per cent, or Rs 12.40, at Rs 913.0 each, at 11:22 am on BSE on Wednesday (November 1, 2023) a day after the company reported its second quarter results.

Tata Consumer Q2 results

The company beat Zee Business research estimates as its consolidated profit went up by 3 per cent while revenues jumped by 11 per cent Year-on-Year. 

The company's margins in the current quarter rose 14.4 per cent against 12.9 per cent in the same quarter last fiscal.

Tata Consumer Products manufactures brands such as Tetley, Tata Tea Gold and Tata Salt.

Tata Consumer Share Performance

The shares of the company have jumped 4.80 per cent in the last one year while they have soared 17.31 per cent in the six-month period. Their rise in the year has been 18.01 per cent.

The benchmark Nifty 50, meanwhile is down 2.47 per cent in the last one month. However, it has jumped 4.95 per cent in the six-month period. The benchmark has risen 4.96 per cent in the last one year.