India's Tata Consumer jumps as analysts welcome Q3 revenue growth

Tata Consumer Products

31/01/2025 05:44

** Shares of Tata Consumer Products  TACN.NS  rise 3.8% to
1,003.30 rupees, set for their best day since late July 2024
    ** Stock among top pct gainers on blue-chip Nifty 50  .NSEI 
index and Nifty FMCG  .NIFTYFMCG  index which are up 0.8% and
1%, respectively
        ** Analysts look past co's 
    lower-than-expected Q3 profit
    , with Nomura, Morgan Stanley citing TACN's "better than
peers" 17% rev growth amid a "weak consumption backdrop"
  
    ** Morgan Stanley sees weak operating margins till around Q2
FY26, but expects strong topline growth to continue
    ** Nomura says volumes in TACN's core tea business to
"remain resilient" despite price hikes
    ** TACN and 9 other stocks on FMCG index  rated "buy" - LSEG
data
    ** Stock up 9.6% in January; set to end four-month losing
run

 (Reporting by Nandan Mandayam in Bengaluru)
 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))