Tata Consumer shares fall 5% as Q4 results fail to impress. What’s the new target price?

April 24, 2024

Tata Consumer shares dropped 5% to Rs 1,112 on BSE as its Q4 net profit fell 19% YoY to Rs 217 crore. Goldman Sachs maintains a neutral rating, citing slowed India beverage growth and margin reliance on international and unbranded segments.

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