India beverage business drives operating profitability

11 Mar 2024
5 Min read 
  • Tata Consumer Products (TATACONS) posted a strong operating performance in 3QFY24.
  •  EBIT growth of 29% YoY was led by a healthy performance across categories.
  •  India beverage business drove operating profitability.
  •  Revenue growth was aided by the India food and international beverages businesses.
  •  The company expects to gain market share in the salt business.
  •  Reiterate BUY rating with a target price of INR1,370.
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