India's Tata Consumer drops as Q4 results spur margin concerns

Tata Consumer Products

24/04/2025 06:07

** India's Tata Consumer Products TACN.NS shed 1.3% to 1,134.70 rupees, set to snap nine-session gaining streak

** 'Tetley' tea maker beat fourth-quarter results estimates, however, analysts flag margin concerns due to rising tea prices

** Impact of high-cost inflation, especially in tea, weighed on margins, says Jefferies, downgrading stock to "Hold" from "Buy"

** BOBCaps analysts flag TACN's market share loss to regional rivals in India

** If monsoons are normal, tea prices could stabilise and TACN's margins would recover - BOBCaps

** Coffee prices also remained elevated  with average prices for Robusta and Arabica coffees surging 97%/65% YoY, further denting margins, says Nuvama

** Hindustan Unilever HLL.NS marginally missed quarterly results estimates, Nestle India NEST.NS to report later in the day

** Average rating of 26 analysts on TACN at "Buy"; median PT is 1,175 rupees - LSEG data

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))