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Published on 5/08/2020 10:50:30 AM | Source: Angel Broking Ltd

Quote on 1QFY21 results of Tata Consumer Products Ltd By Rajit Rajoriya, Angel Broking

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Below is the Quote on 1QFY21 results of Tata Consumer Products Ltd By Rajit Rajoriya, Equity Research Associate, Angel Broking Ltd

“Consolidated Revenue from Operations of Tata Consumer ltd grew by 13.4% to Rs2714Cr against the street estimate of Rs2560Cr. EBITDA margins improved by 310bp to 17.8% against 14.7% in the same quarter a year ago. Profit before exceptional items and tax at Rs 436Cr. is higher by 42% as compared to corresponding quarter of the previous year, mainly on account of higher revenue and lower level of expenditure including commodity costs. India Beverage business (40% of total business) saw growth of 11%, India Food business (24% of total business) grew by 19%, International Beverages business (36% of total business)  grew by 15% on a YoY basis. Quarterly results of the company beat street's estimates on all fronts.”

 

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