Tata Consumer Share Price 📈
1. Positive Sentiment: Experts believe that Tata Consumer’s share price is expected to rise due to the acquisition of Tata Consumer Capital Funds and Organic India. This acquisition is expected to boost the company’s topline sales by 10% and EBITDA by 13-14%.
2. No Official Announcement: Currently, Tata Consumer has not made any official announcement regarding the acquisition.
3. Recent Performance: On the previous trading day, Tata Consumer’s share price closed at ₹1,160, showing a growth of 3.5%. However, on Monday, January 15, 2024, the share price witnessed a decline of 0.56% and closed at ₹1,152.50. On Tuesday, January 16, 2024, the share price increased by 0.44% and was trading at ₹1,156.
4. Importance of Acquisition: Brokerage firm Nuwama Institutional stated in its report that the acquisition of the two companies is crucial for Tata Consumer. Based on the financial year 2023, Capital Foods reported a revenue of ₹9 billion and an EBITDA margin of 25%. Organic India, on the other hand, recorded a revenue of ₹2.7 billion and an EBITDA of ₹30.5 crore in the financial year 2021.
5. Competing with Giants: Tata Consumer aims to compete with big companies like Nestle and ITC through these acquisitions. However, the acquisition of Capital Foods might pose a challenge for Nestle as the market share of its Maggi brand is currently at 60%. Tata Consumer is now looking to make its mark in this segment aggressively.
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📈 Tata Consumer Share Price: Positive Outlook 🚀💰
1. Positive Sentiment: Experts believe that Tata Consumer’s share price is expected to rise 🔼 due to the acquisition of Tata Consumer Capital Funds and Organic India. This acquisition is expected to boost the company’s topline sales by 10% and EBITDA by 13-14%.
2. No Official Announcement: Currently, Tata Consumer has not made any official announcement regarding the acquisition. 📢
3. Recent Performance: On the previous trading day, Tata Consumer’s share price closed at ₹1,160, showing a growth of 3.5% 📈. However, on Monday, January 15, 2024, the share price witnessed a decline of 0.56% and closed at ₹1,152.50. On Tuesday, January 16, 2024, the share price increased by 0.44% and was trading at ₹1,156.
4. Importance of Acquisition: Brokerage firm Nuwama Institutional stated in its report that the acquisition of the two companies is crucial for Tata Consumer. Based on the financial year 2023, Capital Foods reported a revenue of ₹9 billion and an EBITDA margin of 25%. Organic India, on the other hand, recorded a revenue of ₹2.7 billion and an EBITDA of ₹30.5 crore in the financial year 2021.
5. Competing with Giants: Tata Consumer aims to compete with big companies like Nestle and ITC through these acquisitions. However, the acquisition of Capital Foods might pose a challenge for Nestle as the market share of its Maggi brand is currently at 60%. Tata Consumer is now looking to make its mark in this segment aggressively. 💪🏼💼
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Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
