India's Tata Consumer jumps to near 2-year high on double-digit growth outlook
11/05/2026 05:20
May 11 - Shares of India's Tata Consumer Products TACN.NS rose 5.6% on Monday to its highest level in nearly two years, after the Tetley tea maker said it expects double-digit revenue growth in fiscal year 2027. On Friday, the firm reported a 21.5% rise in quarterly net profit as steady demand for staples such as tea and salt offset cost pressures from the Middle East conflict. Its fiscal year 2026 revenue was up 15.2%. (Reporting by Mridula Kumar in Bengaluru; Editing by Harikrishnan Nair) ((mridula.kumar@thomsonreuters.com))
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