Preview: India's Tata Consumer to post Q1 profit rise on healthy demand
BUZZ-PREVIEW-India's Tata Consumer to post Q1 profit rise on healthy demand ** Analysts, on avg, expect India's Tata Consumer TACN.NS to report 25.7% year-on-year rise in first quarter profit to 4.20 billion Indian rupees ($43.49 million) -- data compiled by LSEG
** Analysts also expect co to post 12.6% y/y jump in June quarter revenue to 53.83 billion rupees -- LSEG compiled data
** HSBC expects TACN to post about 14% y/y revenue growth, although sequential growth could moderate after a strong previous quarter
** CLSA expects co to remain one of the stronger FMCG names, supported by robust summer season and urban demand, with pricing helping offset higher input costs
** Stock trading flat at 1,106.80 rupees
** TACN rated "buy" on average by 28 analysts, median PT at 1350 rupees - LSEG compiled data
** YTD stock down 7.07%
($1 = 96.5725 Indian rupees)
(Reporting by Surbhi Misra and Kashish Tandon in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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