Tata Consumer Products edges higher after its JV reports 76% growth in revenue for 2021-22
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Tata Consumer Products is currently trading at Rs. 753.50, up by 0.10 points or 0.01% from its previous closing of Rs. 753.40 on the BSE.
The scrip opened at Rs. 751.95 and has touched a high and low of Rs. 756.20 and Rs. 745.15 respectively. So far 10961 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 889.00 on 07-Sep-2021 and a 52 week low of Rs. 650.75 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 780.00 and Rs. 726.35 respectively. The current market cap of the company is Rs. 69222.36 crore.
The promoters holding in the company stood at 34.72%, while Institutions and Non-Institutions held 39.08% and 26.20% respectively.
Tata Starbucks, a 50:50 joint venture between Tata Consumer Products and Starbucks Corporation, has reported a 76 per cent growth in revenue to Rs 636 crore for 2021-22 and significantly reduced its net loss, driven by normalisation of operations following easing of Covid-related restrictions.
Its revenue growth was led by higher realisation from existing stores and new stores added during the financial year ended on March 31, 2022.
Tata Consumer Products (formerly known as Tata Global Beverages) is a focused consumer products company uniting the food and beverage interests of the Tata Group under one umbrella.
