Tata Consumer Products - Brewing A Legacy In The Tea Business: Motilal Oswal

Higher demand from Russia and UAE owing to lower production/exports from Srilanka (down by 16%/13% YoY in CY22) led to an increase in Indian exports

Range of Tata Consumer Products. (Source: Company website)

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Motilal Oswal Report

Tata Consumer Products Ltd. is following a two-pronged growth approach:

  1. focusing on new growth engines such as Tata Sampann, NourishCo, Tata Soulfull and the readyto-eat/ready-to-consume business (Tata Smartfoodz); and

  2. rapidly scaling up its distribution network along with digitisation prowess across the supply chain, which will drive the next leg of growth.

We expect a revenue/Ebitda/profit after tax compound annual growth rate of 10%/15%/22% over FY23-26 and arrive at our SoTP-based target price of Rs 1,110. We reiterate our 'Buy' rating.

Click on the attachment to read the full report:

Motilal Oswal Tata Consumer Products Company Update.pdf
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