Leading consumer goods business in India, Tata Consumer Products Ltd. provides a variety of items including tea, coffee, water, salt, and spices. With brands including Tata Tea, Tetley, Himalayan, and Tata Salt, the corporation is well-known in India and other countries. One of the best-performing stocks on the Indian stock market as of 2021 is Tata Consumer Products Ltd, and many investors are curious about what the company’s future holds.
In this article, we will examine the stock performance of Tata Consumer Products Ltd in more detail as well as the potential influences on its share price in the upcoming years.
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Tata Consumer Q4 FY24 Review: Profit Declines 19%, Revenue Up 8.5%; Strategic Initiatives Drive Growth
- Tata Consumer reported a Q4 net profit of Rs 217 crore, marking a 19% decrease from the previous year.
- Despite the profit decline, revenue saw an 8.5% increase to Rs 3,927 crore for the quarter ended March 31.
- The EBITDA margin stood at 16%, showing a significant improvement of 190 basis points.
- The company emphasized its strategic initiatives in India, including sales and distribution infrastructure expansion, reaching 4 million outlets as of March 2024.
- In particular, the India Packaged Beverages business witnessed 2% revenue growth, while the E-commerce channel for tea retained market leadership.
- Coffee demonstrated strong performance with a 45% revenue growth, and Nourishco (RTD business) recorded a 13% revenue increase during the quarter.
- Tata Consumer continued to strengthen its sales and distribution network, adding over 1300 distributors primarily in Rurban markets.
- Alternate channels such as E-commerce and Modern Trade fueled growth, with E-commerce accounting for 11% of India business in FY24, up from 9% last year.
- Tata Starbucks expanded significantly, adding 29 net new stores during the quarter and entering six new cities, totaling 421 stores across 61 cities.
How to Purchase Tata Consumer Share?
Below are the trading platforms that you can use to purchase Tata Consumer shares:
- Zerodha
- Upstox
- Groww
- AngelOne
- ICICIDirect
- Paytm Money
TCP SHARE PRICE TARGET 2024
| When | Maximum Price (₹) | Minimum Price (₹) |
|---|---|---|
| May 2024 | ₹1,127.50 | ₹980.43 |
| June 2024 | ₹1,168.09 | ₹1,015.73 |
| July 2024 | ₹1,156.41 | ₹1,005.57 |
| August 2024 | ₹1,202.67 | ₹1,045.80 |
| September 2024 | ₹1,250.77 | ₹1,087.63 |
| October 2024 | ₹1,226.25 | ₹1,066.30 |
| November 2024 | ₹1,275.30 | ₹1,108.95 |
| December 2024 | ₹1,288.05 | ₹1,120.04 |
In May 2024, the maximum price of TCP shares is expected to reach ₹1,127.50, while the minimum price is anticipated to be around ₹980.43. Moving into June, the maximum price may rise to ₹1,168.09, with the minimum price likely to hover around ₹1,015.73. By July, the maximum and minimum prices are forecasted to be ₹1,156.41 and ₹1,005.57, respectively. As the year progresses, the prices are expected to fluctuate, with December seeing a maximum price of ₹1,288.05 and a minimum price of ₹1,120.04 for TCP shares.
TCP SHARE PRICE TARGET 2025
| When | Maximum Price (₹) | Minimum Price (₹) |
|---|---|---|
| January 2025 | ₹1,300.93 | ₹1,000.72 |
| February 2025 | ₹1,314.07 | ₹1,010.82 |
| March 2025 | ₹1,341.67 | ₹1,032.05 |
| April 2025 | ₹1,328.38 | ₹1,021.83 |
| May 2025 | ₹1,289.69 | ₹992.07 |
| June 2025 | ₹1,347.73 | ₹1,036.71 |
| July 2025 | ₹1,321.30 | ₹1,016.39 |
| August 2025 | ₹1,362.17 | ₹1,047.82 |
| September 2025 | ₹1,378.51 | ₹1,060.39 |
| October 2025 | ₹1,414.35 | ₹1,087.97 |
| November 2025 | ₹1,449.71 | ₹1,115.16 |
| December 2025 | ₹1,514.95 | ₹1,165.35 |
As we step into January 2025, TCP shares are forecasted to reach a maximum price of ₹1,300.93 and a minimum price of ₹1,000.72. Throughout the following months, from February to November, the maximum and minimum prices are expected to fluctuate, reflecting market dynamics and investor sentiment. Finally, by December 2025, TCP shares could potentially reach a maximum price of ₹1,514.95 and a minimum price of ₹1,165.35, marking the culmination of the year’s trading activities.
TCP SHARE PRICE TARGET 2026 TO 2030
| TCP SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹1,865.04 | ₹1,200.31 |
| 2027 | ₹2,273.75 | ₹1,463.34 |
| 2028 | ₹2,772.02 | ₹1,784.02 |
| 2029 | ₹3,379.48 | ₹2,174.97 |
| 2030 | ₹4,120.06 | ₹2,689.55 |
In 2026, TCP shares are anticipated to reach a maximum price of ₹1,865.04 and a minimum price of ₹1,200.31. As we progress into 2027, the maximum and minimum prices are projected to increase further, with TCP shares expected to reach ₹2,273.75 and ₹1,463.34, respectively. By 2028, TCP’s share prices are forecasted to surge to ₹2,772.02 as the maximum and ₹1,784.02 as the minimum. Looking ahead to 2029, TCP shares are expected to continue their upward trajectory, with the maximum price predicted to reach ₹3,379.48 and the minimum price to be ₹2,174.97. Finally, in 2030, TCP shares are anticipated to reach new heights, with a maximum price of ₹4,120.06 and a minimum price of ₹2,689.55, reflecting sustained growth and investor confidence in the company.
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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% |
- Sales Growth: Over the five-year period from March 2020 to March 2024, sales have exhibited consistent growth, rising from Rs 9,637 crore to Rs 15,206 crore. This demonstrates a compounded annual growth rate (CAGR) of approximately 12.1%, reflecting the company’s ability to expand its revenue base steadily.
- Operating Profit: Operating profit has also shown a positive trend, increasing from Rs 1,292 crore in March 2020 to Rs 2,284 crore in March 2024. This indicates an improvement in operational efficiency and effectiveness in managing expenses.
- Other Income and Expenses: While other income has fluctuated over the years, ranging from negative Rs 163 crore to positive Rs 328 crore, expenses have also risen consistently, reflecting the company’s investment in growth and operational activities.
- Profit Before Tax: Profit before tax witnessed an upward trajectory, reaching Rs 1,794 crore in March 2024 from Rs 809 crore in March 2020. This signifies enhanced profitability and a stronger financial position.
- Net Profit and Earnings Per Share (EPS): Despite fluctuations, net profit has generally increased from Rs 460 crore to Rs 1,215 crore during the same period. Earnings per share (EPS) have followed a similar pattern, rising from Rs 4.99 to Rs 12.07.
- Dividend Payout: The dividend payout percentage has ranged between 44% and 65% over the years, indicating a commitment to rewarding shareholders while balancing reinvestment in the business for future growth.
Overall, the financials demonstrate a positive growth trajectory for the company, characterized by increasing sales, profitability, and shareholder returns.
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FAQ’s
What is the Share Price Target of TCP for 2025?
The share price target for TCP is Projected to reach ₹1,514.95 by the end of 2025.
What is the Share Price Target of TCP for 2030?
By the end of 2030, the share price of TCP is expected to reach approximately ₹4,120.06 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: TATA CONSUMER PRODUCTS SHARE PRICE TARGET
In conclusion, Tata Consumer Products Ltd (TCP) has demonstrated a resilient performance despite facing challenges in the tea market. Despite a 19% decline in net profit to Rs 217 crore in Q4 FY24, TCP recorded an 8.5% increase in revenue to Rs 3,927 crore. The company’s focus on strategic initiatives, including sales and distribution infrastructure expansion, has contributed to its growth trajectory.
While the tea market remains competitive, TCP’s strategic moves, such as strengthening its presence in alternate channels like e-commerce and modern trade, reflect its adaptability and forward-thinking approach. The company’s strong performance in its India beverages segment, with flat volume growth and a 3% revenue increase year-on-year in Q4, underscores its resilience.
Looking ahead, TCP’s ability to sustain its growth momentum and capitalize on emerging opportunities will be pivotal. With a robust brand portfolio and strategic investments in place, TCP is well-positioned to navigate evolving market dynamics and deliver long-term value to its stakeholders.
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