Tata Consumer Products Ltd Share Price – NSE  /  BSE

Plantation & Plantation Products, Mid Cap

The benchmark indices continued to trade with decent gains in afternoon trade. The Nifty trade near the 22,450 mark. Metal, pharma and oil& gas stocks witness positive momentum while IT, media and PSU Bank stocks declined

At 13:29 IST, the barometer index, the S&P BSE Sensex jumped 275.91 points or 0.38% to 74,017.03. The Nifty 50 index added 81.10 points or 0.36% to 22,449.10.

The broader market outperformed the benchmark indices. The S&P BSE Mid-Cap index rose 0.96% and the S&P BSE Small-Cap index gained 0.99%.

The market breadth was strong. On the BSE, 2,406 shares rose and 1,309 shares fell. A total of 142 shares were unchanged.

Volatility may zoom as traders roll over positions in the F&O segment from the near month April series to May series. The April 2024 F&O contracts will expire tomorrow, 25 April 2024.

Gainers & Losers:

Cipla (up 3.84%), JSW Steel (up 2.53%), Tata Steel (up 2.79%), Hindalco (up 2.15%) and Powergrid Corporation (up 1.82%) were major Nifty gainers.

Tata Consumer Products (down 4.51%), Titan Company (down 0.94%), SBI Life Insurance Company (down 0.80%), Grasim Industries (down 0.64%) and Infosys (down 0.61%) were major Nifty losers.

Tata Consumer Products declined 4.51% after the firm’s consolidated net profit fell 19.35% to Rs 216.63 crore in Q4 FY24 as compared with Rs 268.59 crore recorded in Q4 FY23. Revenue from operations rose 8.52% year on year (YoY) to Rs 3,926.94 crore in March 2024 quarter.

Stocks in Spotlight:

ICICI Prudential Life Insurance Company declined 3.03% after the company's net profit fell 26.02% to Rs 173.76 crore in Q4 FY24 from Rs 234.87 crore posted in Q4 FY23. Total income jumped 96.45% YoY to Rs 22,591.46 crore in Q4 FY24.

Tata Elxsi slipped 3.72% to Rs 7,119 after the design led technology service provider’s net profit declined 2.28% to Rs 196.93 crore in Q4 FY24 as against Rs 201.52 crore posted in Q4 FY23. Revenue from operations rose 8.12% year on year (YoY) to Rs 905.94 crore in the quarter ended 31 March 2024.

360 ONE WAM rallied 5.31% to Rs 802.70 after the company’s consolidated net profit jumped 24.3% to Rs 241 crore in Q4 FY24 as compared with Rs 155 crore in Q4 FY23. Revenue from operations increased 45.8% YoY to Rs 573 crore in Q4 FY24.

Cyient DLM jumped 7.09% to Rs 736.10 after the company’s net profit surged 80.62% to Rs 22.74 crore on 30.46% rise in revenue from operations to Rs 361.84 crore in Q4 FY24 over Q4 FY23. Sequentially, the company’s net profit jumped 23.32% and revenue grew by 12.7% in Q4 FY24.

Global Markets:

European and Asian stocks advanced on Wednesday following Wall Street’s continued rally for a second straight day.

U.S stock indexes climbed for a second straight session on Tuesday as a strong batch of corporate earnings assuaged concerns over higher rates.

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Revenue from operations rose 8.52% year on year (YoY) to Rs 3,926.94 crore in March 2024 quarter.

Profit before exceptional items and tax stood at Rs 509.46 crore in fourth quarter of FY24, up 11.61% YoY. The company reported an exceptional loss of Rs 215.80 crore in Q4 FY24.

EBITDA grew 22% YoY to Rs 631 crore while EBITDA margin increased to 16.1% in Q4 FY24 from 14.3% posted in Q4 FY23.

The company said that the India Packaged Beverages business delivered 2% revenue growth. Coffee continued its strong performance with a revenue growth of 45% in the quarter. For the quarter, the India Foods business delivered 20% revenue growth continuing its double-digit growth trajectory.

The revenue of the International business revenue grew 7% (more than 5% in constant currency) terms during the period under review.

Tata Starbucks recorded revenue growth of 7% for the quarter. The company opened 29 net new stores during the quarter and entered 6 new cities. This year saw the highest store addition at 95 stores This brought the total number of stores to 421 across 61 cities.

On full year basis, the company’s consolidated net profit shed 4.44% to Rs 1,150.33 crore on 10.32% increase in revenue from operations to Rs 15,205.85 crore in FY24 over FY23.

Sunil D’Souza, managing director & CEO of TCPL, said: “During the year, we recorded growth in India tea and salt businesses. Our premiumization agenda continues to progress well with the premium portfolio in both tea and salt showing good growth and contributing to an increasing share of the overall portfolio. Our growth businesses (Tata Sampann, RTD, Tata Soulfull, Tata SmartFoodz) continued their strong growth trajectory with a revenue growth of 40% in FY24.

We also delivered strong performance in our International markets, along with significant margin improvement. The UK business saw its EBITDA margin touch historic highs led by restructuring initiatives taken during the year.

In India, we solidified our sales & distribution infrastructure; our total reach has expanded to 4 million outlets as of March ’24. We implemented split routes in all 1 million + population towns and have seen significant improvement in assortment and growth. We are strengthening our Rurban focus and are deepening reach into rural areas. Alternate channels (modern trade and e-commerce) recorded significant momentum and continue to be strong growth drivers.”

Meanwhile, the board recommended a final dividend of Rs 7.75 per equity share for the financial year ended 31 March 2024.

Tata Consumer Products is a focused consumer products company uniting the principal food and beverage interests of the Tata Group under one umbrella. The company's portfolio of products includes tea, coffee, water, RTD, salt, pulses, spices, ready-to-cook and ready-to-eat offerings, breakfast cereals, snacks and mini meals.

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The domestic equity benchmarks traded with limited gains in early trade. The Nifty traded above 22,400 level. Barring the Nifty FMCG index, all the other sectoral indices on the NSE were traded in green.

At 09:30 IST, the barometer index, the S&P BSE Sensex, was up 154.88 points or 0.21% to 73,893.33 . The Nifty 50 index added 38.30 points or 0.17% to 22,406.30.

The broader market outperformed the frontline indices, the S&P BSE Mid-Cap index rose 0.64% and the S&P BSE Small-Cap index added 0.90%.

The market breadth was strong. On the BSE, 2,180 shares rose and 542 shares fell. A total of 93 shares were unchanged.

Volatility may zoom as traders roll over positions in the F&O segment from the near month April series to May series. The April 2024 F&O contracts will expire tomorrow, 25 April 2024.

Foreign portfolio investors (FPIs) sold shares worth Rs 3,044.54 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,918.94 crore in the Indian equity market on 23 April, provisional data showed.

Stocks in Spotlight:

Tata Consumer Products declined 3.19% after the company's consolidated net profit declined 19.35% to Rs 216.63 crore in Q4 FY24 as compared with Rs 268.59 crore recorded in Q4 FY23. Revenue from operations rose 8.52% year on year (YoY) to Rs 3,926.94 crore in March 2024 quarter.

Tata Elxsi fell 4.64% after The company's net profit declined 2.3% to Rs 196.9 crore in Q4 FY24 as compared with Rs 201.5 crore recorded in Q4 FY23. Revenue from operations rose 8.1% year on year (YoY) to Rs 905.9 crore in March 2024 quarter from Rs 837.9 crore in March 2023 quarter.

Shakti Pumps (India) slipped 4.02%. The company said that it has invested Rs 5.08 crore in its wholly owned subsidiary, Shakti EV Mobility by subscribing to equity shares.

Numbers to Track:

The yield on India's 10-year benchmark federal paper shed 0.01% to 7.166 as compared with previous close 7.167.

In the foreign exchange market, the rupee is edged higher against the dollar. The partially convertible rupee was hovering at 83.2925, compared with its close of 83.3150 during the previous trading session.

MCX Gold futures for 5 June 2024 settlement rose 0.06% to Rs 71,078.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.01% to 105.66.

The United States 10-year bond yield jumped 0.44% to 4.619.

Global Markets:

Asian stocks advanced on Wednesday following Wall Street’s continued rally for a second straight day.

U.S stock indexes climbed for a second straight session on Tuesday as a strong batch of corporate earnings assuaged concerns over higher rates.

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Tata Consumer Products Ltd lost 3.88% today to trade at Rs 1127.75. The S&P BSE FMCG Sector index is down 0.11% to quote at 19427.15. The index is up 0.7 % over last one month. Among the other constituents of the index, S H Kelkar & Company Ltd decreased 2.21% and Dodla Dairy Ltd lost 1.18% on the day. The S&P BSE FMCG Sector index went up 14.57 % over last one year compared to the 22.99% surge in benchmark SENSEX.

Tata Consumer Products Ltd has added 0.53% over last one month compared to 0.7% gain in S&P BSE FMCG Sector index and 1.55% rise in the SENSEX. On the BSE, 16916 shares were traded in the counter so far compared with average daily volumes of 75992 shares in the past one month. The stock hit a record high of Rs 1269.6 on 07 Mar 2024. The stock hit a 52-week low of Rs 700.45 on 24 Apr 2023.

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