Motilal Oswal has given Buy recommendation for Tata Consumer Products recommended buy rating on the stock with a target price of Rs 945 in its research re with a target price of Rs. 945 in its research report issued on Oct 25, 2021

Motilal Oswal’s research report on Tata Consumer Products

Gross margin pressure eased off in 2QFY22 which has been impacting since the last four quarters due to tea cost inflation. The management expects gross margin to improve on a QoQ basis going forward. However, quarterly performance was impacted due to higher A&P spends (which is expected to continue) and other expenses.


We maintain our earnings estimates and arrive at our SoTP-based TP of INR945/share. We maintain our Buy rating.

Leave a Reply

Your email address will not be published. Required fields are marked *