Tata Consumer Q3 preview: Topline to grow by up to 17% YoY. Tea business may hit profitability
Tata Consumer Products is expected to report a double-digit growth in its topline for the quarter ended December 31, 2024 led by strong domestic business, as per three top brokerages. The revenue from operations in the reporting quarter is seen to grow by 15-17% according to estimates by three brokerages.
Meanwhile, the company's profitability is expected to take a hit on the back of a sharp spike in tea prices.
The estimates of JM Financial, Nuvama Institutional Equities and Motilal Oswal Financial Services (MOFSL) have been taken into account. The revenue numbers remain most conservative for Nuvama while they are highest for JM Financial.
As for the Q3FY25 net profit, brokerages see a YoY decline though the range of their profit after tax (PAT) estimates vary significantly.
Tata Consumer will announce its October-December quarter earnings on Thursday, January 30.
Stock Trading
Maximise Returns by Investing in the Right Companies
By — The Economic Times, Get Certified By India's Top Business News Brand
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
Stock Trading
Stock Markets Made Easy
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Renko Chart Patterns Made Easy
By — Kaushik Akiwatkar, Derivative Trader and Investor
Stock Trading
Market 101: An Insight into Trendlines
