HSBC starts India's Tata Consumer with 'buy' on 'long-term' growth prospects
ReutersDec 4, 2025 3:53 AM
HSBC initiates coverage on India's Tata Consumer Products TACN.NS with "buy" at a PT of 1,340 rupees, banking on its "long-term growth"
Says Tata Group's food and beverages co has the scope to expand and deepen distribution to drive growth
TACN's portfolio of new age brands including Sampann, and NourishCo - defined as "growth" businesses - are key drivers due to their market share gains and ability to address competitive intensity, says HSBC
Stock trading flat on the day
Brokerage forecasts 26% FY25-28 CAGR for its growth portfolio, contributing 37% to its India revenue by FY28 vs 28% in FY25
Avg rating of TACN at "buy"; median PT is 1,280 rupees - data compiled by LSEG
YTD, TACN up ~25%
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