Tata Consumer Products Ltd’s shares have had investors’ attention for some time now. Before the impact of the pandemic started reflecting, Tata Consumer’s shares traded at around 34 times one-year forward price-to-earnings ratio on 1 January 2020 vis-à-vis Britannia’s 46 times. As such, Tata Consumer’s investors appear to be factoring a good portion of optimism on the growth front. But March quarter (Q4FY21) results announced last week weren’t particularly encouraging, after which the stock fell about 4%. Tata Consumer has said the volatility in the pulses market has impacted growth.

Source: Mint May 09, 2021 18:45 UTC