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BSE LIVE NSE LIVE 26 Aug, 2025 12:21 Volume Todays L/H More ×

Deven Choksey's research report on Tata Consumer Products

Tata Consumer Products reported a robust performance in Q2FY26, with results coming in above our estimates across most parameters, aided by a sharp recovery in margins and sustained growth momentum in the India business. Revenue: Consolidated revenue grew 17.8% YoY (+3.9% QoQ) to INR 49,659 Mn, ahead of our estimate (+4.6%), driven by broad-based growth across categories. The India business reported 18% YoY growth with 14% volume expansion, marking the second consecutive quarter of double-digit volume growth. Beverages grew 12% YoY, led by normalization in tea pricing and strong coffee performance (+

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