Tata Consumer hits two-year high on revenue forecast
Tata Consumer shares rose 6.6 percent on Monday as analysts backed its revenue forecast. The firm beat profit estimates with strong growth in its India units.
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TATA CONSUMER PRODUCTS LTD shares rose 6.6% to a two-year high on Monday. The rally followed a double-digit revenue expansion forecast for fiscal year 2027 and a quarterly profit beat. Investors are weighing the firm's growth against broader market pressure from rising energy prices in India.
Shares of the Tata Group firm reached 1,221.9 rupees, leading gainers on the Nifty FMCG index. This surge occurred while the benchmark Nifty 50 index fell 1.2%.
