You are here: Home » Companies » News
Ashok Leyland shares up 13% post Q1 nos; expects Q3 and Q4 to be better
Market Wrap, August 13: Here's all that happened in the markets today
Business Standard

With rally in Tata Consumer Products' stock, all eyes on execution

Street bets on strong demand for branded staple products, aggressive distribution expansion and new CEO's focus on underpenetrated categories

Topics
Tata group | Markets | FMCG

Shreepad S Aute  |  New Delhi 



The analysts also say that weak domestic remittances (due to reverse migration) and weak perishables output (in the past few months) do not leave rural households to spend much on FMCG and other products
The company’s branded tea and domestic foods businesses delivered 8 per cent and 19 per cent revenue growth

The stock of Tata Consumer Products (TCPL), which has seen a strong re-rating after the demerger of Tata Chemicals’ food business last year, continues to witness strong investor support amid a strong growth potential. The stock has gained 27.5 per cent in the past month, outperforming the Nifty index, which has risen 1.5 per cent during the period. Consumers’ preference of branded staple products and aggressive distribution expansion are two key factors improving TCPL’s growth visibility.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Thu, August 13 2020. 16:28 IST

RECOMMENDED FOR YOU

.