DRChoksey sees 18% upside in Tata Consumer as growth brands scale
DRChoksey retained its Buy call on Tata Consumer Products after Q1, setting a Rs 1,301 target price versus a Rs 1,101 market price. The brokerage cited the company’s shift into higher-margin food and beverage categories, where growth businesses now contribute 36% of India revenue.
Deven Choksey retained a Buy on Tata Consumer Products, targeting Rs 1,301. It cited the company’s shift from tea and salt into higher-margin food and beverage categories, with growth businesses now contributing 36% of India revenue and expanding 30-50%.
Why this matters
The Buy reiteration follows Tata Consumer’s Q1 results, where profit rose 29% and revenue grew 12%; DRChoksey points to growth brands scaling to 36% of India revenue.
retail-company is accelerating, up 568750% QoQ.