Tata Sons cleared N. Chandrasekaran's five-year reappointment and its proposed listing. Tata Trusts has opposed both the reappointment and listing, citing the Trusts' public-purpose role in the group.
Analysts highlighted improving rural demand, premiumisation and a gradual recovery in consumption as key positives.
A sentiment knock across the pack was the realistic expectation, said Anirudh Garg, Fund Manager and Partner, INVasset PMS, with the magnitude inversely proportional to succession clarity.
Most of the group stocks such as TCS, Titan, Tata Communications and Tata Motors PV traded with cuts of up to 4 per cent in intraday deals on Wednesday.
While several firms have responded with calibrated price increases to protect margins, many signalled that further price escalations could follow
Tata Consumer posts strong Q1 growth, led by India business and high-growth brands, with brokerages upbeat on sustained double-digit revenue growth and margin expansion
Revenue grew nearly 12 per cent as the FMCG major reported steady volume growth in tea and salt, strong gains in Tata Sampann and robust international business performance
Tata Consumer Products Q1 result preview: Brokerages expect 11-12 per cent revenue growth in the quarter under preview, driven by strong volume growth in beverages, salt and international tea business
Stocks to watch today: Lenskart, Zee Entertainment, REC, PFC, Eternal, Airtel, Tata Consumer Products, Vascon Engineers, Nuvama Wealth, Rajesh Exports, among others, will be in focus today.
Tata Consumer Products chairman N Chandrasekaran said businesses are focusing on resilience and productivity as global disruptions reshape markets and consumer behaviour
Tata Consumer Products Chairman N Chandrasekaran on Wednesday said the company sees significant long-term growth potential for Tata Starbucks in India and believes the coffee chain could eventually scale up to around 8,000 stores in the country. Terming the Starbucks QSR chain business as "a very high-potential business", Chandrasekaran said it has become EBITDA positive in FY26. Discussions with the joint venture partner, Starbucks Corporation, indicate a substantial headroom for expansion in the Indian market, he said while addressing shareholders of the Tata group FMCG arm. "We have had discussions with our partner, and we think eventually the company can have 8,000 stores in India. We are continuing to add 50 to 100 stores," said Chandrasekaran, who is also Chairman of Tata Sons. Tata Starbucks, a 50:50 joint venture between Tata Consumer Products Ltd (TCPL) and US-based Starbucks Corporation, operates the QSR chain of Starbucks cafes in India. In its latest annual report, TCP
In the past one month, the FMCG index has underperformed the market, by falling 5 per cent, as against 2.3 per cent decline in Nifty 50.
While companies have started to pass input cost rise to consumers, inflation, according to G Chokkalingam, founder and head of research at Equinomics Research has not become a major issue yet.
He opened his letter stating, "We are operating in an era defined by profound structural shifts, heightened geopolitical sensitivity and rapid technological advancements"
Vijaya Diagnostic Centre was quoting higher for the eight straight trading day, soaring 25 per cent during the period.
Tata Consumer Products outperformed the markets in today's trade and emerged as the top gainer on the Nifty 50 index. In comparison, the benchmark NSE Nifty was down 1.08 per cent.
Stocks to watch today: Swiggy, NTPC, BoB, PVR Inox, SCI, Abbott India, Anant Raj, Canara Bank, IHCL, JSW Energy, UPL, Tata Consumer Products, among others, will remain in focus today.
Tata Consumer Products Ltd (TCPL) on Friday reported a 21.6 per cent increase in its consolidated net profit to Rs 424.02 crore in the March quarter of FY26, led by volume growth from domestic business. The company had posted a consolidated net profit of Rs 348.72 crore in the January-March quarter a year ago, the Tata group's FMCG arm said in a regulatory filing. Revenue from operations rose by 18 per cent to Rs 5,433.62 crore in the March quarter of FY26. It was at Rs 4,608.22 crore in the year-ago period. Total expenses of TCPL in the March quarter were at Rs 4,844.81 crore, up 15.9 per cent. Tata Consumer's total income, which includes other income, was at Rs 5,486.18 crore, up 17.6 per cent. In the reporting quarter, TCPL's overall branded business went up 14.9 per cent to Rs 4,746 crore. It was at Rs 4,130.4 crore in the corresponding quarter last fiscal. TCPL's branded businesses include tea, coffee, water and other various value-added businesses. Revenue from non-branded
Thus far in the month of April, the FMCG index has surged 11.73 per cent, as against a 7.4 per cent gain in the benchmark index
The Nifty rollovers to May were below average, suggesting a likely cautious stance among participants and slight hesitation to carry forward aggressive bets, says Axis Securities.