Hsbc Starts India's Tata Consumer With 'buy' On 'long: term' growth prospects

Tata Consumer Products

04/12/2025 03:53

** HSBC initiates coverage on India's Tata Consumer Products TACN.NS with "buy" at a PT of 1,340 rupees, banking on its "long-term growth"

** Says Tata Group's food and beverages co has the scope to expand and deepen distribution to drive growth

** TACN's portfolio of new age brands including Sampann, and NourishCo - defined as "growth" businesses - are key drivers due to their market share gains and ability to address competitive intensity, says HSBC

** Stock trading flat on the day

** Brokerage forecasts 26% FY25-28 CAGR for its growth portfolio, contributing 37% to its India revenue by FY28 vs 28% in FY25

** Avg rating of TACN at "buy"; median PT is 1,280 rupees - data compiled by LSEG

** YTD, TACN up ~25%

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))