Tata Group FMCG Stock Hits 52-Week High, Gains 7.47% In 1-Week

Shares of large cap Tata Group FMCG company Tata Consumer Products Ltd witnessed a sharp rally today in trade as it informed about merger of TSR Consultants Private Limited with Link Intime India. Last trading price of Tata Consumer Products share on BSE is Rs 1119.20 per share. Tata Consumer Products stock hit 52-week high in trade today on BSE.

As per the BSE filing of Tata Consumer Products issued today, "We hereby notify you that TSR Darashaw Consultants Private Limited, the Registrar and Share Transfer Agent ("RTA") of the Company, has communicated us the merger of TSR Consultants Private Limited with Link Intime India Private Limited. This merger became effective on December 22, 2023, in accordance with the Order dated December 18, 2023, issued by the Mumbai Bench of the National Company Law Tribunal (NCLT)."

Earlier, Tata Coffee merged with Tata Consumer Products on January 1, 2024. Tata Coffee informed the exchange that the demerger of Tata Coffee's plantation unit will be integrated into TCPL Beverages & Foods

Tata Consumer Products Ltd Stock Performance & Return: The 52-week high price of Tata Consumer Products share on BSE is Rs 1128.60 per share and 52-week low price is Rs 685.00 per share, respectively. The company has a market capitalisation of Rs 1,04,053.95 crore. Tata Consumer Products stock offered return of 30% in last 3-months, gained 47% in last 1-year, and offered return of 52% in last 2-years. In last 5-years, Tata Consumer Products shares surged 423%.

Tata Consumer Products Financials: The company's consolidated net profit was reported at Rs 389.43 crore for the second quarter ended September 30, 2022. Earlier, the Tata group company declared a net profit of Rs 285.80 crore for the July-September quarter a year ago, according to the BSE filing. Revenue from operations gained 10.87% to Rs 3,363.05 crore during the quarter under review as against Rs 3,033.12 crore in the corresponding period last year. TCPL Managing Director and CEO Sunil D'Souza said in the regulatory filing, "We delivered another quarter of double-digit revenue growth while balancing margins despite inflationary pressures, weakness of currency and some lag in pricing in International Markets."

TCPL's revenue from the Indian market for July-September quarter rose 9.19% to Rs 2,159.95 crore, as against Rs 1,978.08 crore in the corresponding quarter of last year.

Tata Consumer Products About: Tata Consumer Products is a focused consumer products company uniting the food and beverage interests of the Tata group under one umbrella. It is home to key brands such as Tata Tea, Tetley, Tata Salt and Tata Sampann. With a combined reach of over 201 million households in India, it has an unparalleled ability to leverage the Tata brand in consumer products.

Disclaimer:

The stock highlights the rally in shares and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.