Tata Consumer Products delivers strong performance in Q3 FY24, driven by robust Sales Growth

Tata Consumer Products Ltd., a prominent player in the FMCG sector, has unveiled its financial results for the quarter ended December 31, 2023. The company reported robust sales growth, underlining its strong market presence and consumer demand.

Financial Highlights:

Sales: Tata Consumer Products recorded sales of ₹3,804 crores for Q3 FY24, showing a notable increase from both Q2 FY24 and Q3 FY23 figures.

EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization stood at ₹572 crores, reflecting a consistent performance compared to previous quarters.

PAT: Profit After Tax witnessed a slight decline from the previous quarter but remained robust, indicating operational efficiency and cost management strategies.

Tata Consumer Products Ltd.'s impressive sales growth underscores its ability to capitalize on market opportunities and meet consumer demands effectively. Despite minor fluctuations in profitability, the company's strong financial foundation positions it well for future growth and expansion in the FMCG sector.

Shares of TATA CONSUMER PRODUCTS LIMITED was last trading in BSE at Rs. 1162.75 as compared to the previous close of Rs. 1150.25. The total number of shares traded during the day was 28073 in over 1500 trades.

The stock hit an intraday high of Rs. 1166.50 and intraday low of 1147.70. The net turnover during the day was Rs. 32516242.00.

Source : Equity Bulls

Keywords

TATACONSUMERPRODUCTS INE192A01025 FMCG Q3FY24 ResultUpdate