Tata Consumer down 5%

Tata Consumer Products is down in the red today, among the top three losers on the BSE; opening over 5% lower at Rs.1112.90, the stock slipped down to Rs.1111.05 and is currently trading around the same levels. Its 52-week low is at Rs.724.25.

The stock price has dipped as the Q4FY24 performance of the company is disappointing.

Its Net profit for the quarter was down 22.5% (YoY) at Rs.268 crore on a muted 8.5% rise in revenue from operations at Rs.3927 crore.

Its performance on the EBITDA level was good as it kept a tight lid on the expenses; EBITDA was at Rs.630 crore, up 23% and this metric was much better than what most analysts had estimated. Margins came in at 16% v/s 14% (YoY).

The company ended FY24 with a revenue of Rs.15,206 crore, up 10%  on which EBITDA was at Rs.2323 crore, up 24% and net profit was at Rs.2023 crore, up 24%.