Tata Consumer Products Ltd (TATACONSUM)

Tata Consumer Products Announces Rights Issue - 24 Jul, 2024

Tata Consumer Products is set to raise Rs 3,000 crore through a rights issue with a ratio of 1:26 and an issue price of Rs 818 per share. The stock fell over 3% after the announcement.

Tata Consumer Board Approves Rights Issue to Raise Rs 3,000 Crore - 23 Jul, 2024

Tata Consumer Products Ltd is set to raise around Rs 3,000 crore through a rights issue, with shares issued at a discount of 35%. The company also reported a 9% increase in revenue from operations for the March quarter. Shares of Tata Consumer, HUL, and ITC rose up to 5% following the announcement.

Experts Suggest Buying Tata Consumer Products on Dips - 22 Jul, 2024

Tata Consumer Products gave a range breakout on the daily charts, opening room for the stock to head higher towards fresh record highs. Short-term traders can look to buy the stock on dips for a target of Rs 1,300 in the next few weeks.

Tata Consumer Products Focuses on Innovation & Premiumisation - 11 Jul, 2024

Tata Consumer Products is focusing on innovation and premiumisation of its products and packaging to offer consumers a unique proposition in domestic and international markets. Experts suggest buying the stock for a possible target near 1,400 levels in 1-2 months.

Tata Consumer Products to Invest in Brands and Accelerate Growth Momentum - 09 Jul, 2024

Tata Consumer Products plans to continue investing in its core businesses of tea, coffee, and salt, with a focus on brand-building efforts. The company's revenue for the last fiscal year was over Rs 15,000 crore, and it has seen significant growth in its tea, coffee, salt, and packaged foods businesses over the past four years. TCPL acquired Capital Foods and Organic India to address the needs of diverse consumers.

Tata Consumer Products Invests in Core Businesses - 08 Jul, 2024

Tata Consumer Products Limited (TCPL) is investing in its brands to bolster the core businesses of tea, coffee, and salt. The company's strategy includes expanding the contribution of modern trade to 14% of total sales alongside sustained brand-building efforts.

Tata Consumer Products Stock Expected to Reach Rs 1260 - 06 Jul, 2024

The stock of Tata Consumer Products has been forming a higher high within a sideways band since April. It is expected to surpass resistance at Rs 1160 and reach Rs 1260 in the short term.

Tata Consumer Products Acquires Capital Foods and Organic India - 05 Jul, 2024

Tata Consumer Products' acquisitions of Capital Foods and Organic India for $844 million in January 2024 indicate the appetite of organized players for strategic fit acquisitions in the FMCG sector.

Tata Consumer Products Receives Income Tax Demand of Rs 171.83 Crore - 01 Jul, 2024

Tata Consumer Products has received an income tax demand of Rs 171.83 crore for the assessment year 2019-20, but the company says the demand is not maintainable and it will appeal against the order.

Tata Consumer Products Receives Tax Demand, Reports Q4 Profit Drop - 29 Jun, 2024

Tata Consumer Products Ltd has received a tax demand of Rs 171.83 crore from the Income Tax department and reported a 26.69% decline in consolidated net profit to ₹212.26 crore in Q4 ended March 31, 2024.

Tata Consumer Products to Acquire PepsiCo's Stake in NourishCo Beverages - 28 Jun, 2024

Tata Consumer Products is set to acquire PepsiCo's stake in NourishCo Beverages, a 50:50 joint venture between the two companies. The move aligns with Tata's focus on expanding its portfolio in the food and beverages space.