Tata Consumer Products Ltd. holds a prominent position in India’s consumer goods sector, offering a diverse portfolio ranging from tea and coffee to water, salt, and spices. Renowned for brands like Tata Tea, Tetley, and Himalayan, the company has established itself as a trusted name not only in India but also in global markets. With its stellar performance, Tata Consumer Products Ltd. has emerged as a top-performing stock on the Indian stock market, attracting significant interest from investors seeking insight into its future prospects. As stakeholders eagerly await the company’s next moves, Tata Consumer Products Ltd. remains committed to innovation, sustainability, and meeting evolving consumer preferences. Leveraging its strong brand equity and strategic initiatives, the company aims to capitalize on emerging opportunities and drive sustained growth in the years ahead. Through a focus on market trends, investment in research and development, and expansion into new markets, Tata Consumer Products Ltd. is poised to maintain its market leadership and deliver value to its shareholders and stakeholders.
In this article, we’ll delve deeper into the stock performance of Tata Consumer Products Ltd, analyzing various factors that could impact its share price over the coming years.
Tata Consumer Q4 FY24 Review:
- Tata Consumer reported a 19% decrease in Q4 net profit, amounting to Rs 217 crore compared to the previous year.
- Despite the decline in profit, revenue surged by 8.5% to reach Rs 3,927 crore for the quarter ending March 31.
- The company achieved a notable improvement in its EBITDA margin, which stood at 16%, marking a 190 basis points increase.
- Tata Consumer highlighted strategic initiatives in India, particularly its expansion of sales and distribution infrastructure, reaching 4 million outlets by March 2024.
- Key segments such as the India Packaged Beverages business and the E-commerce channel for tea exhibited growth, with coffee revenue increasing by an impressive 45%.
- Tata Consumer reinforced its sales and distribution network by adding over 1300 distributors, primarily targeting Rurban markets.
- Alternative channels like E-commerce and Modern Trade played a significant role in driving growth, with E-commerce contributing 11% to the India business in FY24, up from 9% the previous year.
- Tata Starbucks expanded its footprint by adding 29 net new stores during the quarter and entering six new cities, bringing the total store count to 421 across 61 cities.
- The company’s strong focus on strategic initiatives, coupled with growth in key segments and channels, underscores its resilience and potential for future expansion.
Below are the trading platforms that you can use to purchase Tata Consumer shares:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
- Paytm Money
| When | Maximum Price | Minimum Price |
| May 2024 | 1,101.10 | 957.48 |
| June 2024 | 1,140.74 | 991.95 |
| July 2024 | 1,129.33 | 982.03 |
| August 2024 | 1,174.51 | 1,021.31 |
| September 2024 | 1,221.49 | 1,062.16 |
| October 2024 | 1,197.54 | 1,041.33 |
| November 2024 | 1,245.44 | 1,082.99 |
| December 2024 | 1,257.89 | 1,093.82 |
In May 2024, the maximum price of TCP shares is expected to reach ₹1,101.10, with the minimum price anticipated to be around ₹957.48. As we progress into June, the maximum price may rise to ₹1,140.74, while the minimum price is likely to hover around ₹991.95. By July, TCP shares are forecasted to reach a maximum price of ₹1,129.33 and a minimum price of ₹982.03. Moving forward, August could see TCP shares reaching a maximum price of ₹1,174.51 and a minimum price of ₹1,021.31, with fluctuations expected throughout the year, culminating in December’s maximum price of ₹1,257.89 and minimum price of ₹1,093.82.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,270.47 | 977.28 |
| February 2025 | 1,283.30 | 987.16 |
| March 2025 | 1,310.25 | 1,007.89 |
| April 2025 | 1,297.28 | 997.91 |
| May 2025 | 1,259.49 | 968.84 |
| June 2025 | 1,316.17 | 1,012.44 |
| July 2025 | 1,290.36 | 992.59 |
| August 2025 | 1,330.27 | 1,023.29 |
| September 2025 | 1,346.24 | 1,035.57 |
| October 2025 | 1,381.24 | 1,062.49 |
| November 2025 | 1,415.77 | 1,089.05 |
| December 2025 | 1,479.48 | 1,138.06 |
Throughout 2025, TCP shares are expected to experience fluctuations in both maximum and minimum prices. In January, the maximum price is projected to be ₹1,270.47, with the minimum at ₹977.28, indicating potential volatility in the market. As the year progresses, these prices are likely to fluctuate further, influenced by various factors such as market dynamics, company performance, and investor sentiment. By December, TCP shares could potentially reach a maximum price of ₹1,479.48 and a minimum price of ₹1,138.06, reflecting the culmination of the year’s trading activities.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,523.86 | 1,172.20 |
| February 2026 | 1,562.94 | 1,202.26 |
| March 2026 | 1,623.89 | 1,249.15 |
| April 2026 | 1,592.05 | 1,224.65 |
| May 2026 | 1,545.68 | 1,188.98 |
| June 2026 | 1,615.24 | 1,242.49 |
| July 2026 | 1,583.56 | 1,218.13 |
| August 2026 | 1,632.54 | 1,255.80 |
| September 2026 | 1,689.68 | 1,299.75 |
| October 2026 | 1,733.61 | 1,333.55 |
| November 2026 | 1,776.95 | 1,366.89 |
| December 2026 | 1,821.37 | 1,401.06 |
| When | Maximum Price | Minimum Price |
| January 2027 | 1,857.80 | 1,429.08 |
| February 2027 | 1,905.44 | 1,465.72 |
| March 2027 | 1,979.75 | 1,522.88 |
| April 2027 | 1,940.93 | 1,493.02 |
| May 2027 | 1,884.40 | 1,449.54 |
| June 2027 | 1,969.20 | 1,514.77 |
| July 2027 | 1,930.59 | 1,485.07 |
| August 2027 | 1,990.29 | 1,531.00 |
| September 2027 | 2,059.95 | 1,584.58 |
| October 2027 | 2,113.51 | 1,625.78 |
| November 2027 | 2,166.35 | 1,666.42 |
| December 2027 | 2,220.51 | 1,708.08 |
| When | Maximum Price | Minimum Price |
| January 2028 | 2,264.92 | 1,742.25 |
| February 2028 | 2,323.00 | 1,786.92 |
| March 2028 | 2,413.59 | 1,856.61 |
| April 2028 | 2,366.27 | 1,820.21 |
| May 2028 | 2,297.35 | 1,767.19 |
| June 2028 | 2,400.73 | 1,846.71 |
| July 2028 | 2,353.65 | 1,810.50 |
| August 2028 | 2,426.45 | 1,866.50 |
| September 2028 | 2,511.37 | 1,931.83 |
| October 2028 | 2,576.67 | 1,982.05 |
| November 2028 | 2,641.09 | 2,031.60 |
| December 2028 | 2,707.11 | 2,082.39 |
| When | Maximum Price | Minimum Price |
| January 2029 | 2,761.25 | 2,124.04 |
| February 2029 | 2,832.06 | 2,178.50 |
| March 2029 | 2,942.51 | 2,263.47 |
| April 2029 | 2,884.81 | 2,219.08 |
| May 2029 | 2,800.79 | 2,154.45 |
| June 2029 | 2,926.82 | 2,251.40 |
| July 2029 | 2,869.43 | 2,207.26 |
| August 2029 | 2,958.18 | 2,275.52 |
| September 2029 | 3,061.72 | 2,355.17 |
| October 2029 | 3,141.32 | 2,416.40 |
| November 2029 | 3,219.85 | 2,476.81 |
| December 2029 | 3,300.35 | 2,538.73 |
| When | Maximum Price | Minimum Price |
| January 2030 | 3,366.36 | 2,589.50 |
| February 2030 | 3,452.67 | 2,655.90 |
| March 2030 | 3,587.33 | 2,759.48 |
| April 2030 | 3,516.99 | 2,705.37 |
| May 2030 | 3,414.55 | 2,626.58 |
| June 2030 | 3,568.21 | 2,744.77 |
| July 2030 | 3,498.24 | 2,690.95 |
| August 2030 | 3,606.43 | 2,774.18 |
| September 2030 | 3,732.66 | 2,871.28 |
| October 2030 | 3,829.71 | 2,945.93 |
| November 2030 | 3,925.45 | 3,019.58 |
| December 2030 | 4,023.59 | 3,095.07 |
Throughout 2030, TCP shares are anticipated to exhibit fluctuations in both maximum and minimum prices. In January, the maximum price is forecasted to be ₹3,366.36, with the minimum expected to reach ₹2,589.50, indicating potential market volatility. As the year progresses, these prices are likely to fluctuate further due to various factors such as market conditions, company performance, and investor sentiment. By December, TCP shares could potentially reach a maximum price of ₹4,023.59 and a minimum price of ₹3,095.07.
Financial Strength of Tata Consumer Products (2020 to 2024)
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 9,637 | 11,602 | 12,425 | 13,783 | 15,206 |
| Expenses + | 8,345 | 10,058 | 10,707 | 11,927 | 12,922 |
| Operating Profit | 1,292 | 1,544 | 1,719 | 1,856 | 2,284 |
| OPM % | 13% | 13% | 14% | 13% | 15% |
| Other Income + | -163 | 91 | 88 | 328 | -81 |
| Interest | 78 | 69 | 73 | 87 | 130 |
| Depreciation | 242 | 255 | 278 | 304 | 377 |
| Profit before tax | 809 | 1,311 | 1,456 | 1,794 | 1,696 |
| Tax % | 34% | 24% | 26% | 25% | 23% |
| Net Profit + | 460 | 930 | 1,015 | 1,320 | 1,215 |
| EPS in Rs | 4.99 | 9.3 | 10.15 | 12.96 | 12.07 |
| Dividend Payout % | 54% | 44% | 60% | 65% | 64% |
Over the span of five years from March 2020 to March 2024, Tata Consumer Products Ltd. has showcased a commendable performance across various financial metrics. With consistent sales growth, the company’s revenue surged from Rs 9,637 crore to Rs 15,206 crore, reflecting a compounded annual growth rate (CAGR) of approximately 12.1%. Operating profit also witnessed an upward trend, escalating from Rs 1,292 crore to Rs 2,284 crore, indicative of enhanced operational efficiency and expense management. Despite fluctuations, the company’s net profit demonstrated a positive trajectory, increasing from Rs 460 crore to Rs 1,215 crore, along with a rise in earnings per share (EPS) from Rs 4.99 to Rs 12.07. Furthermore, Tata Consumer’s commitment to shareholder returns is evident through its dividend payout percentage, which ranged between 44% and 65% over the years. These financial highlights underscore Tata Consumer’s resilience and strategic initiatives, positioning the company for sustained growth and profitability in the consumer goods market.
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FAQ’s
As of 25th April 2024, the current share price of TCP is ₹1089.
The Share Price Target of TCP is expected to Trade in a range between ₹977.28 to ₹1,479.48 in 2025.
By the end of 2030, the share price of TCP is expected to reach approximately ₹4,023.59 per share.
What is the basic EPS of TCP for the year 2024?
The basic EPS of TCP for the year 2024 is ₹12.07.
What is the operating profit margin of TCP for the year 2024?
The operating profit margin of TCP for the year 2024 is 15%.
CONCLUSION:
In conclusion, Tata Consumer Products Ltd (TCP) has exhibited resilience and adaptability in navigating challenges within the tea market. Despite a 19% decline in net profit to Rs 217 crore in Q4 FY24, TCP managed to achieve an 8.5% increase in revenue, reaching Rs 3,927 crore. The company’s strategic initiatives, particularly the expansion of its sales and distribution infrastructure, have played a crucial role in driving its growth trajectory forward.
Amidst a competitive landscape, TCP has demonstrated its ability to innovate and capitalize on emerging opportunities. By strengthening its presence in alternative channels like e-commerce and modern trade, TCP has diversified its reach and solidified its market position. Furthermore, the company’s steady performance in the India beverages segment, evidenced by flat volume growth and a 3% revenue increase year-on-year in Q4, highlights its resilience and strategic foresight.
Looking ahead, TCP’s commitment to sustaining its growth momentum and leveraging its robust brand portfolio will be key. With strategic investments in place and a forward-thinking approach, TCP is poised to navigate evolving market dynamics and deliver sustained value to its stakeholders in the long term.
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