Tata Consumer Products Ltd dropped for a fifth straight session today. The stock is quoting at Rs 486.35, down 1.46% on the day as on 13:29 IST on the NSE. The benchmark NIFTY is down around 1.67% on the day, quoting at 10945.8. The Sensex is at 37032.42, down 1.69%.Tata Consumer Products Ltd has lost around 10.85% in last one month.Meanwhile, Nifty FMCG index of which Tata Consumer Products Ltd is a constituent, has eased around 7.1% in last one month and is currently quoting at 29322.35, down 0.33% on the day. The volume in the stock stood at 35.62 lakh shares today, compared to the daily average of 44.9 lakh shares in last one month.

The benchmark September futures contract for the stock is quoting at Rs 486.5, down 1.66% on the day. Tata Consumer Products Ltd jumped 74.04% in last one year as compared to a 4.32% slide in NIFTY and a 5.5% fall in the Nifty FMCG index.

The PE of the stock is 76.85 based on TTM earnings ending June 20.

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Tata Consumer Products Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 549.75, up 0.09% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.76% on the day, quoting at 11397.8. The Sensex is at 38505.8, up 0.75%. Tata Consumer Products Ltd has risen around 35.07% in last one month.

Meanwhile, Nifty FMCG index of which Tata Consumer Products Ltd is a constituent, has risen around 1.94% in last one month and is currently quoting at 31439.9, up 0.69% on the day. The volume in the stock stood at 11.77 lakh shares today, compared to the daily average of 67.56 lakh shares in last one month.

The benchmark August futures contract for the stock is quoting at Rs 550.65, down 0.04% on the day. Tata Consumer Products Ltd is up 112.5% in last one year as compared to a 6.11% spurt in NIFTY and a 11.48% spurt in the Nifty FMCG index.

The PE of the stock is 85.42 based on TTM earnings ending June 20.

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Tata Consumer Products announced the resignation of Harish Bhat as Non-Executive (Non-Independent) Director of the Company effective close of business hours of 07 August 2020.

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EBITDA increased by 37% to Rs 486 crore in the June quarter (from Rs 354 crore reported in the corresponding period last year) as a result of higher sales, gross margin improvement and rationalization of discretionary expenditure. EBITDA margin stood at 17.9% as on 30 June 2020 as against 14.8% as on 30 June 2019.

The company recorded an exceptional income of Rs 63 crore during the quarter. Exceptional item for the current quarter represent gain of Rs 84 crore on conversion of a joint venture into a subsidiary and costs relating to the business integration of foods business Rs 21 crore, the company said.

Profit before tax in Q1 June 2020 stood at Rs 499 crore, up by 67% from Rs 299 crore in Q1 June 2019. The company wrote back taxes to the tune of Rs 110 crore in the first quarter.

In the branded business segment, India Beverages revenue was at Rs 1,000 crore (up 11% YoY), India Foods revenue was at Rs 589 (up 19% YoY) and International Beverages revenue was at Rs 867 crore (up 15% YoY) while non-branded business revenue rose 9% on a year-on-year (YoY) basis to Rs 264 during the quarter.

Tata Consumer said that the company along with its subsidiaries and affiliates continues to manufacture and supply essential food and beverage items in domestic and international markets in the current COVID-19 environment. The demand for the food and beverage products for in home consumption was buoyant, whereas segments in out of home consumption were adversely impacted.

Based on the trends observed, there is some tapering off of demand across geographies and significant hardening of commodity costs in India. Impact on future operations would to a large extent depend on how the pandemic develops.

Sunil D'Souza, managing director & CEO of Tata Consumer Products, said We have recorded good revenue and profit growth in Q1 due to increased demand in some categories, strong marketing campaigns and adopting new routes to reach the end consumer effectively. The integration of our foods and beverages businesses in India is progressing well and will unlock significant synergy benefits. In our international markets, we are investing behind our core brands and driving innovations in the tea and coffee segment. We are also strengthening key processes across the organization to scale up capability and build a future ready organization.

Tata Consumer Products, a subsidiary of the Tata Group, is a consumer products company. The company's portfolio of products includes tea, coffee, water, salt, pulses, spices, and ready-to-cook offerings. It is the world's second-largest manufacturer and distributor of tea and a major producer of coffee.

The scrip shed 0.67% to Rs 446.75 on the BSE. It traded in the range of 444.10 and 471.70 so far during the day.

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