Tata Consumer share price: Sharekhan maintains Buy rating on Tata Consumer with a revised price target of Rs 740
Tata Consumer Products became a large consumer goods play with a wider product portfolio (hot beverages, staples & water) post the consolidation of Tata Chemicals’ consumer business. This provides visibility for sustainable revenue and earnings growth (with a gradual improvement in OPM).
The Indian foods business of Tata Consumer will scale up because of enhanced distribution reach, shift from loose to branded products and strong acceptance for new launches: Image taken from companies website