TATA CONSUMER PRODUCTS Rating
03.02.2022 - MS on Tataconsumer Maintain Overweight CMP 742 Target 886
20.01.2022 - MS on TataConsumer Maintain Overweight CMP 726 Target 886
NOMURA ON TATA CONSUMER : 11.06.2021
• Maintain BUY, Target at Rs 825/share
* 'Transforming for better' on track
* Increase FY22-23F EPS forecasts by 2-3% post annual report
* Strong bottom-line growth aided by adoption of packaged foods increasing at a faster pace
* Valuation to Jun-23F from Mar-23F value TCPL on SOTP
* Implying a target P/E of 52x Jun-23F EPS
MOTILAL OSWAL ON TATA CONSUMER PRODUCTS : 10.06.2021
• Maintain BUY, Target at Rs 775/share
• India food business to spearhead growth
* India beverage business to maintain its growth trajectory
* Strong cash generation to support its expansion plans
