Latest news with #TataConsumerProductsLtd
Mint
16 hours ago
- Business
- Mint
Tata Motors to Titan - Prashanth Tapse suggests stocks to buy in the short term
Stock market today: On Friday, June 20, Indian stock market indices, the Sensex and the Nifty 50, recorded significant gains during intraday trading, despite heightened tensions between Israel and Iran. The Sensex started at 81,354.85 compared to its previous close of 81,361.87 and surged over 800 points, or 1%, reaching an intraday peak of 82,186.37. Meanwhile, the Nifty 50 commenced at 24,787.65 against its prior close of 24,793.25 and also climbed 1% to achieve an intraday high of 25,040.45. The rise was widespread, as the BSE Midcap and Smallcap indices each increased by more than half a percent during the session. The Indian stock market is experiencing strong buying interest across various segments. Several factors appear to be driving the stock market surge, including short covering following a recent decline, a drop in crude oil prices, and purchases by foreign portfolio investors (FPIs), according experts. Nifty 50 witnessed a sharp decline amid a spike in global volatility and escalating tensions in the Middle East. The index has slipped below the 25,000 mark, with crucial support now placed at 24,700 and 24,600. A gap-down opening or continued weakness may lead to a retest of these zones. Traders are advised to stay cautious and avoid aggressive longs until the index stabilizes. Watch for signs of reversal near key supports before re-entering. Bank Nifty breached the 56,000 mark, signaling weakness and potential downside. A further dip below 55,900 could trigger a fall toward the 55,500–55,400 zone. While the broader structure remains in a range, volatility could lead to intraday swings. Traders are advised to avoid fresh longs and adopt a wait-and-watch approach until signs of reversal emerge or volatility cools off. Prashanth Tapse recommends buying these three stocks in the short term - Tata Consumer Products Ltd, Tata Motors Ltd, and Titan Company Ltd. Tata Consumer continues to show relative strength despite overall market weakness. The stock has recently taken support around ₹ 1,060–1,065 and has bounced back with rising volumes. Momentum indicators are favoring bulls, and as long as ₹ 1,040 holds, there is scope for the stock to rally toward ₹ 1,175. Buying on dips near ₹ 1,070–1,075 is advisable. Tata Motors is holding firm near its short-term moving averages and has shown resilience against broader market volatility. The stock has formed a short-term base near ₹ 660 and is attempting to move higher. Momentum remains strong and a move past ₹ 678 could accelerate the rally toward ₹ 700. Ideal for positional traders with risk-managed entries near current levels. Titan remains in a healthy uptrend and has been consolidating near its recent highs. The stock is finding support at ₹ 3,450–3,460 levels and is trading above key moving averages. RSI and MACD are both showing early signs of upward momentum. A close above ₹ 3,500 could lead to a swift move toward ₹ 3,650. Buying on minor dips is advisable with a protective stop at ₹ 3,440. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
2 days ago
- Business
- Time of India
Tata Consumer doubles down on quick commerce, eyes growth beyond traditional retail
Quick commerce is going to reshape the business of consumer goods going forward, said PB Balaji, non-executive director of FMCG firm Tata Consumer Products Ltd. Addressing shareholders during the company's 62nd annual general meeting held virtually on Wednesday, Balaji said the company has strengthened its execution on emerging channels with ecommerce contribution growing more than five times enabled by exponential growth in quick commerce. "As we look to the future, we are deepening our focus on quick commerce, pharmacy and food services as high potential emerging channels,' he said. Balaji chaired the AGM in absence of Tata Consumer Products chairman and Tata Sons chairman N. Chandrasekaran. He said health conscious and premiumization are trends which will continue for food and staples. Live Events Balaji said the company is navigating through a world that is both dynamic and demanding. "Geopolitical uncertainties, shifts in global supply chains, advances in generative AI and climate events continue to test business resilience," he said. He said artificial intelligence is rapidly transforming every function—from demand forecasting and content generation to inventory optimization and pricing intelligence. Tata Consumer Products posted a consolidated net profit growth of 6% year on year to reach Rs 1,287 crore in FY25, while revenue grew 16% yoy to reach Rs 17,618 crore.
Business Standard
4 days ago
- Business
- Business Standard
Tata Consumer Products Ltd drops for fifth straight session
Tata Consumer Products Ltd is quoting at Rs 1076.5, down 0.18% on the day as on 13:19 IST on the NSE. The stock tumbled 3.28% in last one year as compared to a 5.84% rally in NIFTY and a 4.36% fall in the Nifty FMCG index. Tata Consumer Products Ltd fell for a fifth straight session today. The stock is quoting at Rs 1076.5, down 0.18% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.87% on the day, quoting at 24933.35. The Sensex is at 81777.75, up 0.81%.Tata Consumer Products Ltd has eased around 6.33% in last one Nifty FMCG index of which Tata Consumer Products Ltd is a constituent, has eased around 4.01% in last one month and is currently quoting at 54527.15, up 0.27% on the day. The volume in the stock stood at 2.07 lakh shares today, compared to the daily average of 9.41 lakh shares in last one month. The benchmark June futures contract for the stock is quoting at Rs 1080, up 0.11% on the day. Tata Consumer Products Ltd tumbled 3.28% in last one year as compared to a 5.84% rally in NIFTY and a 4.36% fall in the Nifty FMCG index. The PE of the stock is 89.2 based on TTM earnings ending March 25.
Time of India
27-05-2025
- Business
- Time of India
India remains bright spot of economic growth amidst volatile global environment: N Chandrasekaran
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads India remains "one of the bright spots of economic growth" amidst a volatile global economic environment, said Tata Consumer Products Ltd (TCPL) Chairman N Chandrasekaran in the company's annual report. Chandrasekaran, who is also the chairman of Tata Sons and Tata Group, said the group would have a lesser impact from the new US tariff regime under the Trump administration."India's direct exposure to the US is limited as its goods exports to the US are just over 2 per cent of its GDP, one of the lowest among emerging markets," he said while addressing the shareholders of Tata Group FMCG arm stated that India's long-term growth is underpinned by strong demographic and economic fundamentals and ongoing structural reforms."India's near-term macro-outlook remains strong with stable growth expectations in 2025, falling inflation, and ongoing monetary easing," he the consumer trends, Chandrasekaran said premiumisation, health & wellness, and convenience are gathering pace in the FMCG industry. Quick commerce has seen exponential growth, yet physical distribution remains extremely relevant at the same time," he said adding to tap these opportunities, TCPL has adopted an omnichannel also highlighted that Gen Z and Millennials are expected to contribute to an increasing share of consumption, by some estimates, 76 per cent of the total consumption by 2030."This presents an opportunity for cooking aids, packaged food, healthier & guilt-free snacking, and mini-meal options, all of which we have added to our portfolio in the last few years. The innovation capability we have built along with our portfolio transformation initiatives over the past few years positions us well to leverage these emerging trends," he which has brands like Tata Salt, Tetly, Sampann, Soulfull, Tata Coffee, and Eight O'clock, has an "overarching ambition" to evolve into a full-fledged fast-moving consumer goods (FMCG) company, he said."With the FMCG landscape evolving rapidly, it is critical for brands to be present everywhere the consumer is. In India, we continued to make strong progress in our sales and distribution expansion, with a total reach of 4.4 million retail outlets," said company has completed the implementation of a next-gen Distributor Management System to further enhance salesforce productivity."Modern trade and E-commerce/Quickcommerce continue to be strong growth drivers, and we have started building pharmacy and HoReCa channels," he said.
India.com
27-05-2025
- Business
- India.com
Bad news for Noel Tata, this company losses widen to Rs 1350000000, still plans to open 1000…
Tata Starbucks reported a widened net loss of Rs 135.7 crore in FY25, despite a 5% increase in revenue to Rs 1,277 crore, as per the latest annual report from Tata Consumer Products Ltd (TCPL). The quick-service restaurant (QSR) chain, a 50:50 joint venture between TCPL and US-based Starbucks Corporation, had posted a net loss of Rs 82.16 crore in FY24. TCPL, which aims to have a network of 1,000 cafes by the end of FY28, is experiencing revenue growth, helped by the expansion of a number of stores. Starbucks has opened 58 net new stores and entered 19 new cities in FY25, taking the count to 479 stores across 80 cities. 'The revenue from operations stood at Rs 1,277 crore, improved by 5 per cent…driven by a higher number of stores,' TCPL, the FMCG arm of Tata Group, said adding that it has now become the largest organised cafe operator in India based on store count. The year witnessed demand softness in the overall QSR (Quick Service Restaurant) space. Consequently, the sales growth was subdued, and profitability remained muted. 'Tata Starbucks is the largest organised cafe operator in India based on store count, though the industry is significantly under-penetrated in comparison to similar per capita income GDP countries,' it said. Despite a more moderate number of store openings in the short term, the JV 'remains committed to increasing our store base in India and get to 1,000 outlets by FY28,' it added. In FY25, TCPL has invested Rs 125 crore in Tata Starbucks. Besides, it also expects growth from its vending business 'Tata MyBistro', a new entrant in the segment offering a variety of coffee, tea and other drinks mainly to institutional customers. (With Inputs From PTI)
